❝ The male-dominated finance industry is missing out on more than $700 billion a year in revenue by failing to listen to or tailor products for women, according to management consultancy Oliver Wyman.
“Women are arguably the single largest under-served group of customers in financial services,” Jessica Clempner, the report’s lead author, said…“Firms are leaving money on the table by not listening to and understanding their women customers.”
❝ The problems are compounded by lack of women in senior management in the finance industry. Just 20% of finance executives globally are women, up from 16% in 2016, the report said. The industry continues to grapple with many of the same challenges as it has in the past, including the mid-career gap that holds many women back, it said.
NSS. Every few years some “open-minded” analysts roll out a report like this one. Gets a couple hours coverage on a Bloomberg afternoon show. Vanishes. Financial industry in America is about as self-aware as a clam.
DO NO HARM, EH?
❝ Two years ago, ProPublica and The New York Times revealed that companies were posting discriminatory job ads on Facebook, using the social network’s targeting tools to keep older workers from seeing employment opportunities. Then we reported companies were using Facebook to exclude women from seeing job ads.
Experts told us that it was most likely illegal. And it turns out the federal government now agrees.
❝ A group of recent rulings by the U.S. Equal Employment Opportunity Commission found “reasonable cause” to conclude that seven employers violated civil rights protections by excluding women or older workers or both from seeing job ads they posted on Facebook.
The agency’s rulings appear to be the first time it has taken on targeted advertising, the core of Facebook’s business…
I stopped being surprised by crap like this from social media long, long ago.
❝ The U.S. Department of Housing and Urban Development said it’s charging Facebook Inc. with allegedly violating the Fair Housing Act by restricting who can view housing-related ads.
❝ “Facebook is discriminating against people based upon who they are and where they live,” HUD Secretary Ben Carson said. “Using a computer to limit a person’s housing choices can be just as discriminatory as slamming a door in someone’s face.”
The social network allowed those advertising housing to exclude people it classified as parents; non-American-born; non-Christian; interested in accessibility and Hispanic culture; as well as other group’s deemed protected classes, according to HUD.
Facebook responded by saying, “Gee-whiz. We’re trying to reduce the bigotry in our ads. We’re just too busy counting our money to catch up with stuff like that.”
OK. That really isn’t what they said; but, it might as well be. Self-pitying whining about cost and time constraints from a company that rolls in money faster than they can stack it into boxcars ain’t cutting much ice with the few honorable folks remaining in federal government.
❝ While some sporting brands used International Women’s Day to launch their Women’s World Cup team kits, lawyers representing the world-champion U.S. team were on their way to a California courthouse to file a landmark lawsuit that would rock the sport.
Instructed by the 28 members of the women’s national team, they filed a suit accusing the U.S. Soccer Federation of gender discrimination, alleging that it pays them less than their male counterparts…
“They sacrifice their whole lives to play for their country, they’re together and play more games than the men’s team and they’ve been more successful,” Ireland striker Stephanie Roche told Reuters.
“They are more like a club team in some ways, they play that many games. I think they have proven that they are equal, they have brought success and therefore have every right to demand equality,” she added…
Winners of four Olympic gold medals and three of the seven World Cups that have been held to date, the U.S. women’s team are ranked first in the world and have never been lower than second, while the American men are currently 25th.
Keep on rocking in the Free World!
❝ After ProPublica revealed last year that Facebook advertisers could target housing ads to whites only, the company announced it had built a system to spot and reject discriminatory ads. We retested and found major omissions…
❝ Last week, ProPublica bought dozens of rental housing ads on Facebook, but asked that they not be shown to certain categories of users, such as African Americans, mothers of high school kids, people interested in wheelchair ramps, Jews, expats from Argentina and Spanish speakers…
Every single ad was approved within minutes.
The only ad that took longer than three minutes to be approved by Facebook sought to exclude potential renters “interested in Islam, Sunni Islam and Shia Islam.” It was approved after 22 minutes…
❝ Under its own policies, Facebook should have flagged these ads, and prevented the posting of some of them. Its failure to do so revives questions about whether the company is in compliance with federal fair housing rules, as well as about its ability and commitment to police discriminatory advertising on the world’s largest social network.
Long, detailed article – including answers and promised solutions from Facebook. They didn’t work.
❝ You may notice that our website is looking a little light today. We’d like to explain. Today is “A Day Without a Woman,” a general strike for women’s rights and equality—so many of the women of PopSci aren’t working. And that means the website is going to be pretty quiet: While we get an awful lot of emails assuming we’re a bunch of “sirs,” the majority of the staff here is female.
❝ We happen to work with men who support and promote women’s rights, but we recognize that many women aren’t as lucky. So since this is Popular Science, we’d like to leave you some information to consider during our time away from the office:
Women earn more than half of all PhDs in the U.S., but as a 2008 study found, they comprise only 45 percent of all tenure-track faculty, 31 percent of tenured staff, and 24 percent of all full professors.
Women in science and engineering are paid an average of $60,000 a year, which is $24,000 less than their male peers. This is because science is institutionally sexist. It’s built on social structures designed to give men a leg up—or, depending on your perspective, structures designed to push women down.
When gender is the only variable, institutions are more likely to give male scientists a job offer—and they pay them better, too…
Even in science-related fields, such as nursing, where women are the majority, a 2015 study in the Journal for the American Medical Association revealed that men are still paid more—to the tune of around $5,148 a year. And yes, that’s after controlling for differences in experience and education.
RTFA for more solid info on living in a nation governed by the hypocrites we elect. Nationally, statewide and locally. Which is why we never did get round to passing an equal rights amendment.
Americans elect and re-elect footdraggers from both of the parties we’re allowed who spend more time excusing discrimination – than doing anything about it.
Open mind and the good sense to carry the best of previous generations’ principles forward into the 21st Century. Unlike Donald Trump heading full steam [coal-powered of course] back to the 19th Century.
Here’s what Trump is on his way to achieving with this folly.
❝ Roger Goodell, commissioner of the National Football League, is on the cusp of becoming America’s newest gay icon.
Goodell, who has an openly gay brother, and the NFL have emerged as staunch allies in gay rights advocates’ efforts to defeat HB 757, the controversial religious freedom bill that passed the Georgia legislature late last week.
❝ HB 757 began the year as “the Pastor Protection Act,” a measure giving clergy the right to refuse to perform same-sex weddings. But after two trips through the Georgia state House and Senate, the bill now gives faith-based organizations the right to hire and fire people who violate their “sincerely held religious beliefs,” as well as the right to refuse to rent facilities for events they find “objectionable…”
❝ With every expansion of the bill, Georgia legislators were warned by local business leaders not to do to Georgia what Indiana legislators did in 2015, when their own Religious Freedom Restoration Act led to an immediate nationwide backlash, including more than 400 million #BoycottIndiana tweets in the week the bill passed.
A year later, local tourism officials estimate the city lost at least 12 conventions and $60 million in direct business as a result…
❝ Along with LGBT advocates, major players in Georgia’s business community have ripped the legislation.
Coca-Cola, Home Depot, and Delta Airlines oppose it. Michael Dell, Richard Branson, and Jack Dorsey have all spoken out against it. SalesForce CEO Mark Benioff, who has 16,000 employees in Georgia, has warned he’ll pull as much of his business as possible out of the state, tweeting last week:
“Once again Georgia is trying to pass laws that make it legal to discriminate. When will this insanity end?”
Some think a sports-mad community like Georgia will listen most of all to folks in leading sports. I think they’re as capable as anyone in the Confederacy of cutting off their noses to spite folks who refuse to kneel before the Georgia version of sharia.
And, BTW, you can add Marvel and Disney to the list of firms ready to boycott the state. Why make a movie in a place that might refuse a room to staff or stars?
UPDATE: Georgia governor vetoes anti-gay religious exemption bill
❝ Georgia’s term-limited Gov. Nathan Deal took a stand against his own party and averted threatened boycotts by major corporations on Monday by announcing his veto of a “religious freedom” bill passed exclusively by Republican lawmakers.
“I do not think that we have to discriminate against anyone to protect the faith-based community in Georgia,” Deal declared.
❝ The bill enumerated a list of actions that “people of faith” would not have to perform for other people. Clergy could refuse to perform gay marriages; churches and affiliated religious groups could have invoked their faith as a reason to refuse to serve or hire someone. People claiming their religious freedoms have been burdened by state or local laws also could force governments to prove there’s a “compelling” state interest overriding their beliefs.
All but 11 Republicans in the Georgia House and Senate voted in favor; all Democrats voted against it.
❝ Deal said he could “find no examples that any of the things this bill seeks to protect us against have ever occurred in Georgia.”
Like most bigots, the things Georgia Republicans feared had never come to pass in the wake of the SCOTUS decisions on gay rights. No different from the days when the “modern” Confederacy crapped their drawers over an end to legal segregation, mixed marriage, the whole agglomeration of laws guaranteeing racist practices. Reactionary politicians centered in the Republican Party, nowadays – Dixiecrats BITD – try their damndest to sink the American Constitution as it proceeds slowly towards actual modern times.
The Party of NO continues to be the Party of Know Nothing, the Party of Do Nothing Useful.
❝ Renee Rabinowitz is a sharp-witted retired lawyer with a Ph.D. in educational psychology, who escaped the Nazis in Europe as a child. Now she is about to become a test case in the battle over religion and gender in Israel’s public spaces — and the skies above — as the plaintiff in a lawsuit accusing El Al, the national airline, of discrimination.
❝ Ms. Rabinowitz was comfortably settled into her aisle seat in the business-class section on El Al Flight 028 from Newark to Tel Aviv in December when, as she put it, “this rather distinguished-looking man in Hasidic or Haredi garb, I’d guess around 50 or so, shows up.”
The man was assigned the window seat in her row. But, like many ultra-Orthodox male passengers, he did not want to sit next to a woman, seeing even inadvertent contact with the opposite sex as verboten under the strictest interpretation of Jewish law. Soon, Ms. Rabinowitz said, a flight attendant offered her a “better” seat, up front, closer to first class.
❝ Reluctantly, Ms. Rabinowitz, an impeccably groomed 81-year-old grandmother who walks with a cane because of bad knees, agreed.
“Despite all my accomplishments — and my age is also an accomplishment — I felt minimized,” she recalled in a recent interview…
❝ Now, a liberal advocacy group that had spent two years searching for a test case on switching seats plans to sue the blue-and-white flag carrier on Ms. Rabinowitz’s behalf in a Tel Aviv court next week.
“We needed a case of a flight attendant being actively involved,” explained the group’s director, Anat Hoffman, “to show that El Al has internalized the commandment, ‘I cannot sit next to a woman…’ ”
❝ “When did modesty become the sum and end all of being a Jewish woman?” Ms. Rabinowitz asked. Citing examples like the biblical warrior Deborah, the matriarch Sarah and Queen Esther, she noted: “Our heroes in history were not modest little women.”
I have no notion of how Israeli courts will rule. That nation’s relationship with state religion is obviously very different from the United States. As are many other countries with official state religions. There are standards for international commerce and travel and I believe – at a minimum – segregated flight isn’t allowable.