Like many tipped workers, Dunder has trouble making ends meet because of an obscure federal provision called the tip credit, which has established a sub-minimum wage for tipped workers at $2.15 per hour, or $4,333 a year for a full-time worker. Forty-five states have established slightly higher sub-minimum wages. For example, Michigan pays $2.65 an hour.
The federal full minimum wage is $7.25 per hour or about $15,000 a year for a 40-hour work week.
Restaurant Opportunities Centers (ROC-United), a New York-based national nonprofit restaurant worker organization, wants to raise and index the federal minimum wage for tipped workers to 70 percent of the regular minimum wage.
They say the hike is needed to provide a livable income. Tipped workers, the group says, are more likely to fall into poverty than those who receive minimum wage. Servers rely on food stamps at nearly double the rate of the general population.
Riding Australia's resources boom like no one else, BRW magazine's annual rich list yesterday revealed the 58-year-old mining magnate's wealth has ballooned by an unparalleled $18.87 billion in the past year to $29.17 billion.
That equates to $598 a second, more than $1 million for every half an hour - and almost $52 million a day.
Ms Rinehart is now the richest woman in the world, surpassing the $25 billion of Christy Walton, the widow of Wal-Mart founder John Walton, who still has a major stake in the US retail giant.
Ms Rinehart's meteoric rise led experts to speculate she is a serious contender to become the world's richest person. She would have to pass the $69 billion fortune of Mexican telco mogul Carlos Slim.
The long-term unemployed now make up over 40 percent of all unemployed workers, and 3.3 percent of the labor force. In the past six decades, the previous highs for these figures were 26 percent and 2.6 percent, respectively, in June 1983.
Instead of helping these folks weather the storm and find ways to re-enter the workforce, our nation is moving in the opposite direction. In fact, this past Sunday, 230,000 people who have been looking for work for over a year lost their unemployment benefits. More than 400,000 people have now lost unemployment insurance (UI) since the beginning of the year as twenty-five high-unemployment states have ended their Extended Benefits (EB) program.
What makes the denial of this lifeline all the more absurd is the reason for it. As Hannah Shaw, research associate at the Center on Budget and Policy Priorities (CBPP), writes, “Benefits have ended not because economic conditions have improved, but because they have not significantly deteriorated in the past three years.”
It’s all about an obscure rule called “the three-year lookback.”
Under federal guidelines, for a state to offer additional weeks of benefits it must have an unemployment rate of at least 6.5 percent, and—according to the lookback rule—the rate must be “at least 10 percent higher than it was any of the three prior years.”
Like their sisters all over the developing world, women farmers work hard to grow food for themselves and their families, and for sale. They plant and tend, fertilize and weed, harvest and process -- in short, do all it takes to produce a crop. But they don't get much in return. Their yields are low and, even if some crops are sold, the women may not see any income since men who take the crop to market may not feel obliged to share it.
When international development projects come around to try to change these conditions, they don't always reach out to women farmers. They assume that the women are not the "real" farmers because they don't own land or go to market, or because they have other household responsibilities such as fetching water and caring for children.
However, studies done in many developing countries show that women undertake a variety of farm work along with their household chores. Despite this reality, women are left out of projects that offer new technologies, improved fertilizers or training in practices that could help them produce more. Other studies show that when women have the same access as men to such farming resources, women could produce more, earn more and live better lives.
Fortunately, there is growing support for women farmers like those I met in Tanzania. It comes from the highest levels in global agreements like the G8 L'Aquila Food Security Initiative -- which committed $20 billion over three years for sustainable agriculture development -- and policies such as the United States Agency for International Development's Feed the Future initiative.
Lynne Parker reflects on an article by Daniel Boffey in the Observer newspaper entitled 'Why women's jokes fall flat in the boardroom' which reviews the findings of a study by Dr Judith Baxter, a linguistics expert, about women's behaviour in the boardroom. The study raises questions about how women use humour in the workplace, specifically the boardroom, the ultimate 'boys club' where even some of the women wear trousers.
If a woman employs the direct, masculine approach to any sort of confrontation in business, in or out of the boardroom, she is more often or not described as 'aggressive' or 'bossy'. Men are more comfortable with a woman flirting her way out of a situation than confronting them.
I've just been quoted in an article by Daniel Boffey in theObserver newspaper yesterday entitled 'Why women's jokes fall flat in the boardroom' which reviews the findings of a study by Dr Judith Baxter, a linguistics expert, about women's behaviour in the boardroom. The study raises questions about how women use humour in the workplace, specifically the boardroom, the ultimate 'boys club' where even some of the women wear trousers.
Having spent the last 10 years listening to and watching nearly 2,000 female comedy acts, and 35 years working in business and the media, I can confirm that women's humour is not always as self-deprecating at Dr Baxter's study would have us believe. I don't profess to be an 'expert' and can only take as I find, but women's humour is evolving.
The AP reports on the "Mommy Wars," the confluence in less than a month of a campaign-trail scuffle involving Mitt Romney's wife, Ann; Elisabeth Badinter's new book; and most of all a provocative magazine cover — conveniently tied to Mother's Day — all of which has led to a burst of online chatter and a renewal of those "Mommy Wars" headlines.
But it has also led to reflection, and calls for a cease-fire in those same wars, as well as a jettisoning of the phrase itself. Aren't we finally ready, some are asking, to give it a rest, and acknowledge what many already feel — that there are lots of ways to be a good mother?
"It's time to end the Mommy Wars," wrote Jen Singer recently on her blog, Mommasaid.net. "How about we all stop arguing over which mom works harder and whether or not Ann Romney worked at all and who bakes a better cookie, Hillary Clinton or Barbara Bush?"
"So who's with me?" wrote another prominent "mommy blogger," Katie Allison Granju. "Who will join my proposed campaign of non-violent resistance against the mommy wars?"
The term "Mommy Wars" has been around for at least two decades — it appeared in a 1990 Newsweek piece on the struggle between working and stay-at-home mothers. But the term seems to have expanded to encompass any divisive parenting issue, and it's recycled every time a new motherhood controversy arises.
Speakers at the British Private Equity and Venture Capital Association’s inaugural Women in Private Equity Forum have come out largely against hiring quotas as a solution to the lack of women working in the industry.
Panellists including Zeina Bain, a director in leveraged buyouts at the Carlyle Group, and guest speaker Laura Tenison, founder of Jojo Maman Bebe, spoke out against the use of quotas following a European Commission proposal to impose mandatory quotas and a report by Lord Davies in which he called for more female board representation at FTSE 100 companies.
Bain said: “I am against quotas. It is hard enough to be taken seriously as a woman. You put yourself out there when you are working on a deal. If there are quotas in place, [people might say] does she know what she is talking about? Why is she here?”
Tenison said in a speech about her experience as an entrepreneur that she disagreed with quotas, noting that she believed that the hiring process should be dependent solely on achievements and merit. “It just so happens that all the directors [on Jojo Maman Bebe’s board], apart from one, are women, and that is because they are right for the job."
In a straw poll of about 80 attendees, only a handful agreed with the use of quotas.
hree out of four women report they are somewhat, very or extremely stressed. Among those who are extremely stressed, 82 percent said they are uncomfortable with their financial situation. In addition, 58 percent of women report having gained weight in the past 10 years. That number jumps to 68 percent among women identifying themselves as extremely stressed.
The survey focused on the tie between health, stress and financial issues. In support of National Women's Health Week, May 13-19, Aviva USA and Mayo Clinic encourage all Americans to establish habits to improve their overall health and well-being.
Although the majority of American women say they have gained weight in the past 10 years and feel stressed, nearly four out of five women consider themselves to be in good to excellent health. So why should these women worry?
According to research published by the American Psychological Association, female terrorists are likely to be educated, employed and native residents of the country where they commit a terrorist act - much like their male counterparts.
The findings contradict stereotypes presented in previous studies that describe female terrorists as socially isolated and vulnerable to recruitment because they are uneducated, unemployed and from a foreign land, psychologists reported in a study published online in the APA journal Law and Human Behavior. These assumptions are not supported by evidence, according to the study authors.
Forbes reports that after a stunning $2 billion trading loss, JPMorgan Chase‘s chief investment officer, Ina Drew, 55, will step down. The 30-year banking veteran oversaw the London unit responsible for the ill-fated trades and was one of three resignations announced so far, including a top London official, Achilles Macris, and a senior trader, Javier Martin-Artaj.
The exit of one of Wall Street’s most powerful women spotlights the dwindling numbers of women at the top. Last year, Sallie Krawcheck left her post as Bank of America‘s president of global wealth management, and Heidi Miller retired as head of JPMorgan’s international operations. This followed the headline-making departures of Lehman Brothers CFO Erin Callan in 2008 and Morgan Stanley president Zoe Cruz in 2007.
“Here we go again. Another woman at the top of Wall Street is toppled,” says Jane Newton, founder of the Wall Street Women Forum and wealth manager and partner at RegentAtlantic Capital. “[Drew] was one of the most experienced, savvy and respected Wall Streeters. This is a blow to other women who want to climb to the top. There’s one less role model and one less female leader to bring diversity, which is sorely needed.”