We’ve seen a dramatic shift in the 50 years since the launch of the War on Poverty. In today’s economy, poverty increasingly falls on women. They make up over half the workforce, and two out of three mothers are the primary or co-breadwinner for their household.
The Great Debate
Icelanders are among the happiest and healthiest people on Earth. They publish more books per capita than any other country, and they have more artists. They boast the most prevalent belief in evolution — and elves, too. Iceland is the world’s most peaceful nation (the cops don’t even carry guns), and the best place for kids. Oh, and they had a lesbian head of state, the world’s first. Granted, the national dish is putrefied shark meat, but you can’t have everything.
Last month, Elle magazine published a letter to columnist E. Jean seeking marital advice. “I suspect,” confided the reader, “he’s putting something in my coffee.” If that weren’t enough, her skin showed alarming reactions to the usual lotions. Would a hidden camera catch hubby in the act? The reader was advised to get an attorney posthaste and check her bank accounts: “A husband who tampers with a wife’s moisturizers,” warned E. Jean, “will tamper with her money.”
The reason that President Barack Obama won reelection, as most everyone knows by now, is that older white males, on whom the Republican Party has long relied, are declining in numbers, while women and minority voters, key components of Obama’s base, are increasing. In the electoral post-mortems, Obama’s victory has been considered a kind of valedictory to white male supremacy. But his win did something else: Obama killed John Wayne on Nov. 6 — with the complicity of roughly 61 million Americans.
It’s an old, and at this point weary, tale that women entrepreneurs receive far less venture capital than men. Women currently own 46 percent of all American small businesses, generate $1.3 trillion in revenue and employ 7.7 million people. Yet Dow Jones Venture Source says that of the U.S.-based companies that received a round of venture capital financing in 2010, roughly 6 percent had a female CEO and 7 percent had a female founder.
Back in February, things started to look dire for the Romney campaign’s ability to attract female voters. Every day brought another story about Republican attacks on reproductive rights: attacks on insurance coverage for contraception, transvaginal probes, all-male panels called in Congress to discuss contraception, attacks on Planned Parenthood’s funding, and the candidate himself increasingly afraid to say a positive word about contraception when asked directly in the debates. A gender gap opened up between the candidates in the polls, with Obama outpacing Romney with women by 19 points. The Romney campaign responded by trying to change the subject, to jobs and the economy. But if Romney wants to close the gender gap, he should rethink that strategy. After all, the polling data suggests that his stance on economic issues – specifically the size of the safety net and amount of economic support the government provides to citizens – is what’s really hurting him with female voters.
You would never dream of not investing in India. You would never dream of not investing in China. So why wouldn’t you invest in women? That question was posed by Beth Brooke of Ernst & Young at the launch on Wednesday of a campaign called The Third Billion that aims to empower women as a means to drive economic growth. The campaign is based on the notion that there are a billion women not participating in the global economy who should be.
from The Great Debate UK:
- Jane Foley is research director at Forex.com and blogs regularly for Reuters Great Debate. The opinions expressed are her own. Reuters will host a “follow-the-sun” live blog on Monday, March 8, 2010, International Women’s Day. Please tune in. -
– Mariko Chang is author of the forthcoming book “Shortchanged: Why Women Have Less Wealth and What Can Be Done About It.” A former Associate Professor of Sociology at Harvard, she is a member of the Insight Center for Community Economic Development’s Experts of Color Network. The views expressed are her own. –