Ignoring Women Costs $700 Billion a Year

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.

New Mexico’s most dangerous border – is with Texas


“Is there a time to call it? A time to say, ‘They won,’ and we just leave?”
Jon Shapley/Houston Chronicle

❝ CARLSBAD, N.M. — Texas’ most dangerous and unchecked border doesn’t lie to the south along the Rio Grande, but rather to the west, where the Permian Basin oil boom is expanding along narrow and deadly roads into rural New Mexico, driving breakneck growth with little oversight and not nearly enough highways, housing, health care and environmental air monitoring.

❝ The Midland-Odessa area in West Texas remains the hub for the prolific oil field with about 350,000 people and some of the fastest economic growth in the country, but even greater change is occurring 150 miles away in this boomtown, where the population has nearly doubled to 75,000 people from 40,000 just a few years ago. Even as lackluster oil prices slow drilling and lower rig counts in Texas by 20 percent over the past year, New Mexico drillers have never been busier, increasing the number of operating rigs in the state by nearly 15 percent to 113…

❝ John Waters, Carlsbad’s executive director of economic development, admits the rapid growth has strained the region’s capacity to accommodate it. The roads have become more dangerous, scary even, and housing is in short supply and far from getting built fast enough to keep up with the influx of people…

The whole caption for the photo up top

❝ “Is there a time to call it? A time to say, ‘They won,’ and we just leave?” asked Dee George in Carlsbad, as a well was being drilled directly across the street from his home. George is a special education teacher in Carlsbad, and he said his family has owned the land his trailer sits on since he was 9 years old. He described birds dying in his yard after flying over another nearby well, and he said he has smelled gas in his house multiple times.

RTFA. Great piece of journalism – describing profit at any human and environmental cost – the heart and soul of the oil industry. Nothing new, except where.

I’ve told the story before – of going to a Friday night high school football game in Odessa, Texas. Players took the field after the bands played, cheerleaders paraded, the big lights came on to light everything up. And not a single insect appeared to cluster around the lights. And if they had, there weren’t any birds to feed on them.

I asked the guy who brought me to see his local team, “what’s that smell?”

He said, “We call that the smell of money around here.”

Big Pharma bought/intimidated enough of our government to halt law enforcement on opioids

❝ Newly unsealed documents in a landmark civil case in Cleveland provide clues to one of the most enduring mysteries of the opioid epidemic: How were drug companies able to weaken the federal government’s most powerful enforcement weapon at the height of the crisis?

The industry enlisted members of Congress to limit the powers of the Drug Enforcement Administration. It devised “tactics” to push back against the agency. And it commissioned a “Crisis Playbook” to burnish its image and blame the federal government for not doing enough to stop the epidemic.

❝ The Post has twice investigated the industry’s battles with the DEA, first in 2016 and again in 2017 with “60 Minutes.” But the full story has never been told because so few of the people involved will talk about it. The list of people who have declined to be interviewed includes former congressman Tom Marino (R-Pa.), who first proposed the bill; former acting DEA administrator Chuck Rosenberg, whose agency surrendered to the pressure; former attorney general Loretta E. Lynch, whose department did not stand in the way of the legislation; and, finally, then-President Barack Obama, who signed it into law.

What? Did you expect our gallant elected officials to stand up for freedom, civil liberties and The American Way? RTFA and reflect upon the phony inability of Congress or the White House to get anything done. I’d suggest you start with throwing 80/90% of officeholders out the damn door!

During Trump’s shutdown, Sheldon Adelman got the gift he wanted


Andrew Harnik/AP Photo — Edited

❝ Sheldon Adelson, the billionaire Republican casino mogul, is associated with a singular political project: his long-running mission to uproot the U.S. Embassy in Tel Aviv and plant it in Jerusalem instead.

But there’s a second project — lower profile, but no less of a passionate priority — that Adelson has long been gunning for, and that’s his war against online gambling. Adelson’s casino empire is comprised of brick-and-mortar establishments, to which online gambling is a major threat, but Adelson says he is at war with online gambling for the good of society: Gambling in casinos is one thing, but gambling online is a public health nightmare.

❝ Adelson’s crusade against online gambling led to an attorney general recusal, tense debates within the Justice Department, and a standoff with the White House that culminated with an extraordinary reversal of policy in the middle of the government shutdown, when the Trump administration issued the legal opinion against online gambling that Adelson had long sought.

RTFA. The swamp imported from Trump Towers dreamland is deeper and filled with the stink of more corruption than the Democrats and Republicans ever thought possible. It only cost Adelman $20 million to buy his share of Trump. He’ll make that back easy-peasy, now.

Fake President Revealed as a Pig on New York Magazine Cover

❝ Donald Trump has been lambasted on the cover of New York Magazine in a photoshopped image depicting the US president as a pig.

The explosive April 2 cover has replaced the president’s nose with a pig snout to highlight its cover story on corruption.

❝ New York Magazine’s Jonathan Chait has outlined his case that corruption should be the weapon that Trump’s opponents use to bring him down in an article titled ‘Corruption, Not Russia, Is Trump’s Greatest Political Liability.’

Chait’s story attacks Trump for what it claims is “corruption” and “greed” in his presidency, including his staff he’s hired, to his decision to let his sons take over his business after he became the 45th President of the United States.

Our fake president excels at hyperbole – especially when [a] he doesn’t really know anything about the topic and [b] when the truth contradicts the incompetence that passes for politics in his dim bulb of a brain.