A Thelma and Louise 20th Anniversary Celebration

2011 marks the 20^th Anniversary of the release of Thelma and Louise, a film primarily filmed in Utah (my new home state). This past Wednesday Geena Davis came to back our state to participate in a celebration that marks the 10^th anniversay of the Utah Film Center, and to also raise awareness around the work of her foundation, The Geena Davis Institute for Gender in the Media (I serve on it’s advisory board). We had a beautiful gathering for her in a private home and also a public screening and Q & A around the film.

Released in 1991, Thelma and Louise made an instant mark on pop culture, and was expected to open the floodgates for female driven films in the years to come. Ha Ha. Twenty years later, people are still waiting for those floodgates to open. This past summer yielded the success of Bridesmaids and The Help, but these successes were labelled unexpected, with many Hollywood insiders doubting the films’ bankability. It would appear that nothing has changed in the twenty years since Thelma and Louise drove off into the sunset in that ’66 Thunderbird convertible.

It is this inequality in Hollywood that caused Geena Davis to found the Geena Davis Institute on Gender in Media in 2004. Fueled by watching children’s programs with her kids, Davis realized that there was a substantial lack of female characters in children’s entertainment. In response, the Institute commissioned the largest research study at that point on gender in film and television, and came to the conclusion that only one out of every four characters in children’s entertainment were females. Furthermore, this statistic has remained virtually unchanged since 1946.

It is this fact that Geena Davis and her organization seek to change through advocacy, research, and the education of Hollywood on the need for more female characters in the media. It is their hope, that by 2016 when they repeat their research, the results will show a significant improvement. At the event in Salt Lake City, Davis spoke of the impact Thelma and Louise had on women at the time, and described how women would approach her and literally grab at her clothes in an effort to make sure she heard how much the film had effected their lives. Clearly there is a void in Hollywood where female voices need to be heard. Thankfully, there are people like Geena Davis coming in to fill it.

On a personal note, as I sat in the darkened theater watching that film I realized how much I have changed since I first saw the film in New York City in my mid- twenties. Then, I am sure I percieved it as a great story with two fantastic women characters who kicked some ass. It is likely I went to work the next day as a bond trader at Goldman Sachs and spoke to my all male trading desk about ‘girl power.’ Perhaps I even quoted that line in the middle of the film where Thelma asked the crying police officer to climb into the trunk of the car and warned him to “be nice to his wife or she could turn out just like me” (a gun wiedling fugitive wanted for murder and armed robbery). But then I left the movie behind and I don’t think I stopped to wonder why I never saw another film like it. I don’t remember asking myself why there were not more films like this, and why was it that almost everything I watched over the next decade had men as the heros and women as only the victims or arm candy.

Now I am 46 and have spent the last 10 years focussed on the advancement of women and girls. Now I see that the attempted rape was not just a scene in a movie, but in fact “1 in 6 American women have been the victims of an attempted or completed rape in their lifetime.” Now I see that that Louise’s courage to say enough is enough, and it is “not ok” perhaps opened the door for countless women to do so. Now I see that violence against women continues to be a pressing issue in our society and the only way we can ever hope to stop it is if women and men, together, say enough is enough, and work to end it.

What also struck me in the film this time, which I am sure I did not notice the first time around, is how much more beauitful the women became on their journey. They started out with barbie doll style make-up and hair, uptight clothing, and a car full of luggage. They were like actors in their own life play, dressed up for the parts of submissive wife, waitress, and more. By the end of the film all that had been stripped away, and their authentic beauty, inside and out, was all we could see. Their iconic journey was one of discovering their true selves and my oh my, isn’t that the universal journey we are all on?

Geena stated that women still come up to her today, telling her how empowering the film was and how it changed their lives. She joked at the irony that a film where the two lead characters commit suicide at the end would have that effect. Well it sure did. I want more films like Thelma and Louise, only this time, can we let them live?

Jacki Zehner with much help from Laura Moore

Turn of the Tide? Women and Television

Guest Post by Laura Moore

Last Monday night the hotly anticipated ninth season premiere of Two and a Half Men aired on CBS. Normally, shows that are entering their ninth season have long since passed their creative peaks and are limping out one last season for syndication profits. However, this premiere was different because it was the first episode to air since Charlie Sheen’s spectacular public meltdown and subsequent firing last spring, and the debut episode of his replacement, Ashton Kutcher. Tuesday morning the overnight ratings came out, and they were HUGE. Over 28 million viewers, and a 10.7 ratings share in the 18-49 demographic. For those unfamiliar with ratings, those numbers are staggering, and larger than the past three seasons ofAmerican Idol, long the number one rated show on television. But for all the headlines Men’s ratings are generating, another story is getting shoved under the rug.

Airing immediately after Two and a Half Men, the new sitcom2 Broke Girls premiered to nearly 20 million viewers and a 7.1 share, easily becoming the second most watched show Monday night, and is on track to become the highest rated debut this television season. One could argue that 2 Broke Girls benefitted greatly from its lead in, but numbers are numbers, and those 20 million people could have easily changed the channel once Men rang in its final credits. Instead, they decided to stay tuned to what was reportedly CBS’s highest scoring pilot among test audiences, and what was listed by several critics as one of the best new shows of the season. More importantly, 2 Broke Girls is at the forefront of what industry insiders are calling the year of female domination on broadcast television.

Of the 24 new shows to debut this fall, 14 are centered on a female character, compared to 7 that are centered on male characters, and of those, the majority of these men are struggling to determine what it means to be a man in a television landscape dominated by strong women. Even more telling are the behind the scenes statistics: six out of the ten new sitcoms were created by women, and the creators of ABC’s Revenge only got the go ahead once they changed their lead character to a women. Furthermore, viewership statistics show that women account for up to 65% of primetime viewing, meaning that advertisers are starting to demand shows that will deliver large female audiences. Looking at this season’s line up of new shows, it would appear that the television industry is finally delivering.

Television isn’t the only industry getting on the female bandwagon; Hollywood is starting to take notice as well. The summer season of Hollywood blockbusters has just ended, and in a season dominated by male superheroes, Bridesmaids has emerged has the underdog winner of the summer. Made on a budget of $32 million, written by two women, and starring a pitch perfect ensemble of women, Bridesmaids has now pulled in over $280 million worldwide, beating out a lot of other blockbuster juggernauts at the box office in turns of profits vs. budget.

While Bridesmaids was the story of the beginning of the season, then The Help was the story of the end of the season. Debuting in August in second place behind Rise of the Planet of the Apes, The Help went on to win the next three weekends at the box office, eventually pulling in over $150 million on a $25 million budget. This is all the more impressive given that August is the month that has commonly been known as the wasteland of summer movies, where films go to die.

So do these successes signal a turn of the tide? Only time will tell, but the immediate future looks promising. What’s Your Number? another female driven and written R-rated comedy is set to be released next week, and reports are that in the wake of Bridesmaids’ success, Hollywood producers are being inundated with scripts both written by and featuring women. Moreover, it is telling that the highest rated comedy on TV has put a heartbroken computer geek in the place of TV’s ultimate womanizing manwhore. Although the history of television tells us that over half of all new shows to debut in any given season will eventually fail, the odds are for once squarely in favor of women. One can only hope that this trend will continue, so we can finally arrive at a point where characters of either sex have equal opportunity to flourish and a television season can be judged solely on its artistic merits instead of the gender behind it.

For more information on women’s progress in media, look into the following organizations; both offer weekly newsletter updates.

http://blogs.indiewire.com/womenandhollywood/#

http://www.thegeenadavisinstitute.org/

Poverty in the United States

This week we got some unsettling news on income, poverty, and education that should leave us all deeply concerned.

Here are the facts from the census bureau as reported by the Wall Street Journal.

- the income of the typical American family has dropped for the third year in a row, is at the same level as 1996 when adjusted for inflation and 7% below its peak in 1999

-income of a household considered to be at the statistical middle fell 2.3% to an inflation-adjusted $49,445 in 2010

-Earnings of a typical man who works full-time year round are lower than in 1978 when adjusted for inflation

-Women are making 77 cents for every dollar earned by comparably employed men and their median incomes rose in 2010

-22% of American children live below the poverty line, up from 20.7% in 2009, and the biggest percentage since 1993 ( thought this significantly overstates poverty my mission government transfers)

-US per capita net worth is $169,691, up from $147,889 in 2007

-14 million Americans remain unemployed

-16.3% of Americans do not have health insurance, or 49.9 million people.

-5.9 million Americans between 25 and 34 (14.2% of that group) lived with their parent in Spring 2011, compared to 4.7 million (11.8%) before the recession

- the results from the college entrance exam, taken by about 1.6 million students, revealed that only 43% of students posted a score high enough to indicate they were ready to succeed at college.

(for many more FACTS check out the resource section of this web-site)

President Obama on Job Creation

Here is my recount of the speech tonight. Where possible, I quoted. Thoughts at the end.

“We meet at an urgent time in our country. We still face the impact of the Financial Crisis and Political Crisis that has made things worse.”The U.S. has thrived under the basic concept that if you worked hard, you could make it in this country. That has eroded.“There are steps we can take right now to make a difference.”“American Jobs Act” – pass it right away. (most repeated line of the night) “Everything in this bill will be paid for. Everything. Point to put more people back to work, and more money in the pockets of people who are working. Small businesses are where most jobs are created.” Payroll tax credits for small business. Next. Spend money on schools. We will spend money on infrastructure. Tax credits for hiring veterans. Tax credits for hiring young people. Tax people who have been looking for a job for longer than 6 months. Extend unemployment insurance. No tax increases on the middle class.

Now… how to fund.

I will release a more ambitious deficit reduction plan next week… which includes increasing taxes on families earning more, as well as corporations. Medicare reform needed. “We need a tax code where everyone pays their fair share.”

Says we can do this. Create jobs and pay for it. A question of priorities. We need to out innovate companies in other countries. We need to shorten the patent process. Make exporting easier and more cost effective. We need to strengthen American company’s competitiveness. “Made in America.” ( lots of cheers) Training. Internships. Ra Ra.

“We can’t afford wasteful spending. We can’t burden business. I ordered a review of all government regulations. What we can’t do is let this economic crisis be used to wipe out basic protections that Americans have counted on for decades.” He rejects a lot of ideas…. (all good) “America should be in a race to the top.” ( lots of cheers)

“We built America together.” Members of Congress we need to meet our responsibilities. Everything I laid out will be paid for. ( really????)

Ended with a huge and passionate call to action. We cannot wait to pass this jobs bill.

My commentary…

Overall a really great speech. Big picture he spoke well to the issue of job creation, but it is the actual policies and practices that matter. Sounded great. Problem is that based on what I have read there is not enough money in taxing the rich and closing loopholes for corporations to fund new programs and tax breaks, let alone narrow the deficit. This was a pep rally for all things American, and it was good. We do have to come together to solve problems. Many are in serious need and to help. Agree.

“Do what you can, with what you have, where you are.”

Debt. Debt. Debt.

Debt. Debt. Debt. That was all we heard about this summer and with good reason. The US is in horrible shape and the numbers below put it all in perspective.

Here is why S&P downgraded the US credit rating.

* U.S. Tax revenue: $2,170,000,000,000

* Fed budget: $3,820,000,000,000

* New debt: $ 1,650,000,000,000

* National debt: $14,271,000,000,000

* Recent budget cut: $ 38,500,000,000

Now let's remove 8 zeros and pretend it's a household budget.

* Annual family income: $21,700

* Money the family spent: $38,200

* New debt on the credit card: $16,500

* Outstanding balance on the credit card: $142,710

* Total budget cuts: $385

This Thursday the President is being called upon to explain how is going to get the economy going again. Unlike the last go around, his options are more limited. Because of the numbers above which we have all been living and breathing for the fast few months, he does not have the ability to keep spending, nor should he. The public is demanding jobs but the problem is that our economy was fueled by spending financed through debt, and that has all but dried up. It is time to get creative and provide incentives for the private sector to invest and thus create employment opportunites. We are likely going to be in this slow to no growth scenerio for a while. For those expecting miracles, you may have a long time to wait

I'm BACK

What a summer! For the first time in forever I gave myself permission to take some time off and it was wonderful. Honestly, I kept thinking about this blog ( especially after watching the film Julia and Julia with my daughter) wondering how my readers might get along without me. Well I trust you all got along just fine but it is good to be back.

I am soon going to make the big move from BLOGSPOT to www.jackizehner.com so if you have not yet visited my web-site and signed up there, please do. Unlike blogspot you can elect to have my entries emailed directly to you. In addition I am populating the site with some great resources that I hope you might find interesting and useful including a robust library and events list.

So what to expect this fall? Lots more sharing about great people, ideas, organizations and more. Since kicking in to high gear this week I have already had some incredible calls with amazing women I will feature in upcoming entries - Abassador Swannee Hunt ( check out her latest Oped in the Boston Globe appearing today), Jensine Larson of World Pulse, Pat Mitchell of the Paley Center for Media and Lisa Witter of Fenton Communications.

It's good to be back.

The Debt Ceiling and the US Economy

Not a small topic for a short blog entry. For weeks the headlines have been all about the US hitting their debt ceiling and the possibility of a default on government debt. Now it seems like we have a 'deal' that will stop that from happening, a deal that likely no one really understands let alone buys in to. That said, thank goodness there is one. One could only imagine what the consequences of a default might have been, but it might well be the case that we begin to live them out due to lack of faith that the government of this great country of ours may be ever able to stop us from drowning in debt. Monika Mitchell of Good Business International gives a great overview of this crisis which you can access by clicking here.

Many have been asking my opinion about the economy, the equity markets, the bond market and more, so here it is in brief. I would continue to hold cash, gold, fundamentally strong global equities, commodities broadly speaking over the long run, and not much else right now. Further it is likely that the US dollar will continue on it's long term descent, so beware that if all you own are dollar denominated assets your purchasing power will be eroded away.

Why concern on US equities? I believe the fundamentals remain very poor. Yes corporate earnings and balance sheets are strong but because of cost cutting primarily, which is largely done. Without a robust domestic consumer how much hope can their be? Further the economic numbers have been horrible - employment, GDP, and more. I am particularly worried about the financials given that spreads (difference in yield between government bonds and corporate/mortgage/high yield debt ) in general are narrow, issuance is down, and the poor real estate market will work it's way in to write-offs.

US bonds. Rates are so low, artificially low due to the huge treasury buying program which cannot go on forever. You are simply not getting paid enough to go long duration. For more on this read the latest commentary by bond manager/guru Bill Gross of PIMCO.

Gold - protection against a depreciating dollar, financial insecurity, and the declining faith in the US dollar as the currency of choice. For so much more on gold check out this website - JSmineset.

Sorry wish I could be more positive on both the economic and market outlook but I really see little good news out there. Bottom line we have spent beyond on our means for some time now, at multiple levels, and sooner or later you have to pay the price.

I am officially taking a blogging vacation so wishing you all a fabulous August.

New Study Shows Working Mothers Do No Harm to Their Young Children

A new "long-term study by University College London suggests young girls fare better if their mothers go out to work." (link to article and study) I wish that wasn't the headline. I wish that we were past needing or wanting studies and headlines like this that pit working mothers against stay at home ones. Reality is though we still live in a world were women who work, whether by pure economic need or other reasons, are too often made to feel or just feel, that their children will suffer because of it.

We also still live in a country that does not do enough to support working parents. "The ideal scenario for children of both sexes was for both parents to live at home and for both to be working, a finding that will encourage policymakers' moves to help families stay together, if not critics of the rising numbers of working mothers." This should have been the headline for the research. Policies and practices like maternity leave, pay-equity, paid sick leave, compassionate leave are not women's issues, they are family issues and need increasingly to be framed as such for the health of our children, our communities and our nation.

To learn more about the issues please check out the Institute for Women's Policy Research.

The Bumbling of the Sexes in the Modern Workplace

My latest article, "The Bumbling of the Sexes in the Modern Workplace" was just published on Women Advisors Forum, a new online community of women investment professionals. It offers a fresh take on 'bad behavior' in the workplace. The kind of behavior I wrote about does not make headlines but may be one of many reasons why women are still far from achieving greater success in critical mass in the workplace.

Life Lessons and Never Give up!

I have an 11 year old daughter, Allie, who loves soccer. (pictured left as a snowy spring game in Park City )It started at the age of 4 when I began coaching her mixed team. She and her teammates would run around in little packs, sometimes kicking the ball, sometimes not, but they were out on the field as a team and loving every second of it.

Every season since then she has played. It went from mom coaching to now a professional coach in the Park City League. She practices two to three times a week and we drive her all over Utah it for games and tournaments. In her spare time she is often out there with the soccer ball practicing keeping the ball in the air and her power kicks. Her dad is often out there with her as she has long since passed the skill level of her mother. Watching the two of them together, and her out on the field, makes my heart sing.

We have been watching the watching the Women's World Cup Soccer matches as a family, and yesterday's game between the USA and Brazil will be a time I hope I never forget. (read here) The USA was in the lead early but the game was later tied due to a penalty kick Brazil had on goal that involved a very harsh call by the referee. The US then found themselves down a player for the rest of the game, and Brazil subsequently scored in OT to make the score 2 to 1. It was in the last minutes of overtime play that the US scored the most amazing goal I have every seen. It was to be decided in penalty kicks and the US won.

This team never gave up. They did not allow a referee's horrible call to take away their drive to win, but rather it seemed they used the injustice of it to motivate them. They supported one another and gave it their total all to the very end. Their focus, their intensity, their sense of team was one of the most spectacular moments in women's sports that I have every seen. We were all jumping around the living room screaming and in the middle of it all was my daughter Allie. I have no doubt for a very long time to come when she is feeling defeated and down on that soccer field, and maybe even in life, she will remember that moment. I know I will. If you really want something, never give up.

link to video of the game click here.

John Hunstman

Just shortly before John Huntsman announced that he would be running for President on June 21st Greg and I had the opportunity to meet him at a small gathering in Salt Lake City.

First impressions? He was a very good speaker, poised, and delivered a strong message which he undoubtedly will be taking on the road. The message was a call for an industrial revolution in the US and renewed faith in the innate strength and leadership of America and the American people.

While serving as Ambassador to China he saw first hand the growth potential of that country but he was bothered how it seemed that many in the US were ready to hand over the top dog position in terms of being a global power. He does not see it that way. He sees the US as having so much that a country like China aspires toward and the call is for the American people to see it that way too.

Are US debt levels unacceptable to him? Yes. Is there a need for tax reform, energy reform, regulatory reform and health care reform? Yes. Is he tired of the divisiveness in this country? Yes. Are lessons is civil discourse needed? Yes. In his short remarks to a very friendly audience filled with close friends and family members he has enthusiastically received. Could he make a great President? Way to early to tell but there is no doubt about his aspirations.

For the record I am neither Democrat nor Republican. I am Canadian!

Bridesmaids - The Movie

This entry is not about "money, markets or changing the world" but I feel called to share. Two nights ago I went to see the film Bridesmaids with my mom and it was absolutely entertaining and hilarious. Ok I admit it, I have a somewhat crude sense of humor at times, but can you blame me after spending over 10 years on a trading floor? The film was written by two fabulous women writers, Kristen Wiig ( who is also the main actor) and Annie Mumolo. It "took its cue from the success of buddy comedies like “The Hangover,” but aimed it at a female cast and female anxieties, with a poop scene as its most memorable set piece. In the process, the Judd Apatow-produced Universal comedy seems to have single-handedly gestated a new movie genre." ( read the full article here)

For the record I really did not like The Hangover. I also disliked Knocked Up (both were DVD rentals and I am embarrassed to even say I watched them) so you might call me a hypocrite for loving Bridesmaids but I am willing to live with that. I hope I am the type of person that can take a joke but that genre of 'guy flicks' were women are only strippers, sex-toys or nagging girlfriends or wives makes me crazy. Sadly most 'chick flicks' are still about women whose lives are almost completely defined in relationship to men, this one too to some extent, but it was still absolutely hilarious. Where it played off female anxieties that were not related to guys were it's funniest moments for me.

I have to go back and see it again with my husband and maybe some other dudes to see if they how they felt about the movie. I read some great reviews of the film and one guy called it the "anti-chick flick' - meaning it was a chick flick that he actually liked. Did it portray men in a somewhat stereotyped and sexist manner? Well yes but that the male reviews I read did not seem to have a problem with that.

Will it gestate a new movie genre? I am not so sure but I am willing to give other such films a try. I am loving that this film is a huge success and is sending a message to Hollywood that films for women, featuring women, written my women, that don't follow the 'rules' can be hugely successful.

So I have this idea for a comedic film. It is a set in an alternative universe where women are the main breadwinners, have all the power, and it is the men that are trying to break in. Think "Working Girl" but gender reversed. Think MadMen, but gender reverses. If anyone knows Kristin Wiig can you please give her my number?

Go see the film and get ready to laugh yourself silly. Warning it is rated R for a reason.

Gold

It has been a while since I have written about GOLD. For that matter it has been a while since I have written about the markets in general. John Hathaway is a personal friend, a lovely human being, and a brilliant investor. Read what he has to say about GOLD and perhaps more importantly, the US dollar. I agree.

The price of gold is more about the declining value of the US dollar, they it is about an intrinsic value of the commodity. He makes some strong claims in this piece including this one about how the government has artificially held down nominal interest rates - "That amounts to outright theft of wealth by government from its citizens and more recently non-U.S. investors." Bottom line - not good. Stay with the piece, it is a long one, but indeed very educational.

"

Pat Mitchell is one of my favorite women on the planet. I can think of few others that advocate for the advancement of women and girls more then Pat. She serves as President for The Paley Center of Media which "with locations in New York and Los Angeles, leads the discussion about the cultural, creative, and social significance of television, radio, and emerging platforms for the professional community and media-interested public."

In a blog posted today she talks about a new initiative called She’s Making Media. It is a "new series of programs that puts a slightly different lens on the subject of women’s role in media. We are going to celebrate, curate, and build a special collection (and a new television series) with women who are making media for a very specific purpose." The program was launched earlier this month with playwright, performer, artist, and activist Eve Ensler. "She is making media that makes the world safer for women and girls."

At our recent Women Moving Millions gathering in April we had the pleasure of participating in a conversation with both these amazing women. ( photo above ) The topic of the discussion was how to leverage media to create social change. There is likely no better example of that then the work of Eve Ensler. "From her productions of the groundbreaking play, The Vagina Monologues (5000 performances a year in 140 countries raising 80 million dollars to end violence against women and girls) to her television documentaries, books and social media campaigns, Eve and V-DAY, the organization she built, are inspiring examples of making media that matters and, in fact, changes lives. My(Pat's) hour interview with Eve, featuring excerpts from the plays and films, will be posted on Paley Center’s video section within the next couple of weeks and an edited version will be part of a new TV series, network to be announced later." Check back to the Paley site to watch.

One thing that Eve said that has really stuck with me is this concept of "thingafying." The idea that if we just do this thing, or that thing, then problems will be solved. In the world of economic development that thing might we provide a girl with an education, or access to health services, or a micro loan. The reality is that issues like violence and poverty are very complex and we need to acknowledge that complexity and structure it in to the solutions we are championing.

Thanks to Eve and Pat for the amazing role models you are to all of us. Love you.

Women and Ambition

Please click here for a co-authored piece I wrote with the most fabulous Courtney Martin on women and ambition just published with Alternet. Coincidently I was just interviewed by the Center for Work Life Policy for an article on this same topic. Bottom line is the need to our own success while "acknowledging the ways in which we continue to benefit from unearned privilege." I hope you like the piece!

Courtney is a fabulous feminist writer and speaker. She is the author of three books DO IT ANYWAY: The New Generation of Activists, Click: When We Knew We Were Feminists, and Perfect Girls, Starving Daughters. I love them all. Every single one of them is a must read and a PERFECT gift for a graduating girl.

For Some - Judgment Day is Here

Though Harold Camping's prediction of Judgment Day came and went, many are facing another type of Judgment Day - of the financial kind. Click here to read more, my latest article for Women Advisors Forum.

How Change Happens! The Revival of the French Feminist Movement

I have become fascinated with studying how social change happens. Over the past few years we have been given incredible opportunities to study how an event can occur that suddenly catapults an issue area forward. The power of media and new social technologies allows more people to both take a stand and take action. Communities are able to quickly connect and organize speeding the pace of movement building for collective action. This is exciting.

Scanning my feminist news brief this morning courtesy of the Women's Funding Network I read this article in the Guardian about the effect of the arrest of IMF Chief and Presidential hopeful Dominique Strauss-Khan on alleged rape charges is having in France. France is not exactly known for being a leader in gender equality, but perhaps this incident will serve to reignite the movement. Change happens when an issue, in this case what is considered accepted sexual behavior by a powerful French male, is brought in to the public for debate and engagement. What is accepted becomes challenged and re framed, leading to a possible change in beliefs, which leads to a change in behavior, that change becomes institutionalized and there you have it. Will this happen overnight? Of course not. Without challenge? Of course not. But, the French people may one day look back and say the incident that ignited a wave of advancement on gender equality in their country was this arrest.

To get the news brief from the Women's Funding Network subscribe here. It is an incredible, daily news link summary of the best articles relating to women and girls around the world. Thank you WFN for this incredible service.

Roseanne Barr Tells her Story - Thank you

This is absolutely a must read article by Roseanne Barr in the latest issue of New York Magazine. It is one of the bravest stories I have ever read by a successful woman. So few women who have 'made it' are willing to be this honest about what it took to get there, and what it cost them. So few men for that matter too. There is so much I can relate to in her story and it rings true for so many other ones I have heard over my career in finance. The list includes men and women taking credit for your work and ideas, other women pretending to be your friends and then stabbing you in the back, having to put up with sexist jokes, being humiliated in front of your peers, being taking advantage of with assumption you will take it because you are a women, and not being allowed to be yourself which in theory is why you are in a position of influence in the first place. Then of course there is the upside. The money. The platform. The title. The power. The perks. The 'celebrity' status. Then there is a whole other side which Roseanne did not choose to share and that is when was she less then her best self in terms of how she related to and treated others? At the end of it all however is the fact that we all have to look in the mirror and identify with the person who we see. I want to be a person that sees the truth, good, bad and otherwise, and so I hope is Roseanne.

This is inspiring me to tell my own story but the question is, am I that brave? A Goldman Sachs Women Partner tells her story. I can't tell you how many times I have sat down to write that one. Thank you Roseanne and thanks to all the women who put it all out there to help change the game for the better.

The End of the Mancession? ...and women's increasing economic clout

"The End of the Mancession?" is the title of this article in TIME but the story is really about the growing economic power of women. It is not surprising that men outpaced women in recent employment gains - "Men gained over a million jobs last year, while women gained only 149,000."( link to article ) Men lost the majority of jobs over the past couple of years due to the hard hit areas of construction and finance. Those areas have recovered and many men are back at work, awesome. Though women stand to gain jobs over the longer term because of the sectors of the economy that are growing, my worry is that these areas tend to be lower paying industries like health-care. Overall the future employment outlook for the US remains a big concern.

We need to be a country that continues to emphasize innovation, technology and entrepreneurship. In these areas women are underrepresented for a variety of reasons and in addition face barriers to accessing capital. This concern fuels my passion for "Gender Lens Investing" - the proactive stance towards using one's investment dollars to support and empower women.

The good news, as the article points out is that " BCG estimates that women will earn the majority—some $5 trillion-—of the world's new income over the next five years. No wonder banks like Goldman Sachs are starting to rate industries according to how much of the female dollar they are poised to capture. Merrill Lynch recently went “long on women” and companies targeting female consumers, noting that it expected women to “increasingly become the -higher-income earners of U.S. households.” In my view, that's the most important reason that you'll ultimately see female employment rebound. The growth industries are those that cater to women. And you can bet that the people who run those companies are going to want to hire plenty of female employees who understand those markets, and those consumers."

The OPED Project

I had the pleasure of speaking with Katie Orenstein today, the Founder and Director of THE OPED PROJECT. Over many years I have heard so many incredible things about Katie and it was a pleasure to finally speak to her regarding her work. If I was putting together a list of "wonder women", Katie would be on it. What is The Oped Project you ask?

The OpEd Project is an initiative to expand the range of voices we hear from in the world, with an immediate focus on increasing the volume of women thought leaders in the public sphere to a tipping point. Since women currently do not submit to key opinion forums with anywhere near the frequency that men do—and because these gateway forums feed all other media and drive thought leadership and policy—we target and train women experts at top universities, think tanks, nonprofits, corporations and community organizations to write op-eds and more broadly to take thought leadership positions in their fields; we connect them with a national network of high-level mentor-editors, and we channel them to the media gatekeepers who need them, across all platforms.

Sound cool? If you are looking for training on how to expand your sphere of influence please check out this group. The scope of work they are doing is amazing.

Mother's Day

I was so fortunate to grow up with a fantastic mother. What made her so great? She was loving, accepting, expected me to do my best but never beat me down when I did not, made Barbie toys with me, worked hard to bring in an income for our family, supported my crazy hobbies like horse-backed riding and body building, had a healthy relationship with my father, did not favor one child over the other, went out of her way to help others, and really never complained about any of it. I was so lucky and I thank God every day for being born in to such an amazing family and pray I am doing the same for my children.

But the reality is that too many mothers no matter how much they may want to, cannot be that for their children. Economic stress might be wearing them down. They may not be fortunate enough to have a husband that was as solid as my dad was. They might not have been raised in a loving household so they in turn do not know how to give love. And for too many they are so poor they cannot even afford to keep their children fed and in medical care. So no presents for me this Mother's Day. Not only am I just doing my job but instead I want my family to commit incremental resources to helping mothers around the world. Without healthy mothers, we will not have healthy children, nor families, nor communities and so the story goes. So today, and every day, honor your mothers, and help make this world a safer and healthier place for all. For ideas on organizations to support please see the list to the right or take the recommendations of Nicholas Kristof in his most recent article.

(pictured my mother Rose with my 94 year old amazing grandmother, Sadie)

"Power Unused Is Power Useless" - A Case For Gender Lens Investing

"Gender Lens Investing." This is the piece I have been wanting to write forever, and I thought this new site for Women Investment Advisors would be a great place to launch it! Thank you to Ruthie Ackerman for the encouragement. I hope to write a lot more about this topic and will be building out my web-site to hold more information related to how we can use our money power to drive positive change.

"Non-profit dollars will never be enough to solve the complex issues and negative outcomes associated with gender inequality. By thinking about gender when investing, we can use the markets to narrow the gender gap which, as studies show, has the additional benefit of fostering economic growth and creating jobs. Moreover, many government, economic and business entities have showered us with research saying that, in addition to positive economic and social implications, increased political stability is also highly correlated to the status of women and girls. In other words, greater gender equality results in greater economic and human security."

Kathy LeMay featured in CURVE Magazine

Sometimes I pull out a piece of paper and just start writing down everything I am thankful for. I usually do this when I am feeling ( or acting) especially selfish, or angry, or sad, or disappointed, or impatient. Inevitably the name Kathy LeMay appears on that list because Kathy is one special lady. If you read this article, you will begin to get a sense of why.

Why do I love this woman so much? One of the reasons is that she has this way of helping me be my best self. She helps me believe that anything is possible and that I, little me, can really make a difference in this world. She does this for so many. Besides that she is just brilliant, loving, generous, and a person who shows up!

Last year her first book came out called "The Generosity Plan: Sharing your Time, Treasure and Talent to Change the World." Buy it. Give it. Have Kathy the rock star public speaker come talk at your gathering or event. Go Kathy!

PAY IT FORWARD, EASTER, and GRACE

Last night we sat down with our two children, ages 11 and 13, for a family movie night. We were cruising through titles and stopped dead at "PAY IT FORWARD," one my all time favorites that we had not yet watched as a family due to mature content. It was only after it ended when we started to discuss it that I realized what a perfect film it was for the EASTER weekend. EASTER is all about "Paying it Forward" and what a world we would have if everyone acted about in it.

First the movie. IMDB sums the movie up like this. "A young boy attempts to make the world a better place after his teacher gives him that chance." More specifically the new, maimed, social studies teacher asks his 7th grade students to take on this project for the year, to come up with a NEW idea how to make the world better. Our lead character, an 11 year old boy of an alcoholic mother and abusive father, comes up with the "pay it forward" concept and puts it in to action. For those unfamiliar with the film it means to do something hard and incredibly generous for someone else that likely does not deserve it. Our boy Trevor helps a drug addicted, homeless man get a fresh start, tries to help his mother get off alcohol and stay away from the returning abusive husband, he connects deeply with the very wounded social studies teacher and works to reconnect him to the world, and to love, and more. As he plot unfolds he thinks his idea has failed because the short term outcomes do not match his expectations.

What he does not know until the end of the film is that HE has started a movement. A jaded news paper reporter hundreds of miles away is the recipient of one of these random acts of extreme generosity and when told about 'pay it forward' feels compelled to track the source down. Over the course of the film we discover many lives touched by this one idea and 3 single acts of our boy Trevor. He has changed the world. He has succeeded and now, because of this reporter he knows it.

Is it to bad we don't have a reporter tracking our lives to see the outcomes of our actions or rather, is that a good thing? Well as a Christian I believe I do have that reporter. I believe that every thing I have done and will do in my lifetime I will have to account for. Until I became a Christian the thought of that freaked me out, and was so scary that it kept me at a distance from my faith, but not anymore.

There was a moment many, many years ago when I chose to share with a friend my deepest secret that I had been too ashamed to tell anyone that I discovered GRACE. With tears pouring from my eyes, I acknowledged that I, like these incredibly damaged adults in this movie, was not perfect and was in need of forgiveness and acceptance. I needed to not only be forgiven, but forgive myself for the mistakes I had made ( and continue to make ) and that for me, it was my faith in Jesus Christ that allowed both to happen. That moment changed my life as it was the moment I chose to accept the GRACE that has been offered to me, and is in fact offered to everyone.

"Pay it forward" is not a Christian film per se but within it is the message at the heart of Christianity, and that is that we all deserve to be loved unconditionally and have the opportunity for forgiveness such that we can aspire to become our best selves every single day. Being your best self means not living just for you, but living to serve others. Living to 'pay it forward." That is what makes it such a perfect fill for Easter.

But this movie is for everyone. Regardless whether you believe in God or not, isn't this what you aspire to do? Isn't this what makes the world a better place? I love that this film NAMED IT and put it in a conceptual framework to attempt to have a positive impact on individual and collective behavior. It is the best film I have every seen that builds a narrative around a model of how change happens. ( A Theory of Change - frame it, people get it, people change their behavior on an individual then broader scale, it becomes part of our culture and institutions)

(On Monday I am having an article published that I have been thinking about for years. This article is about "Gender Lens Investing" and will it frame how we can use our for profit investment clout to help advance women and girls. Will behavior change follow? I hope so...)

When the teacher gave these children the assignment and asked them what they thought about it they all said it was stupid, dumb, ridiculous as they did not see themselves as powerful. They did not see themselves as having the POSSIBILITY to positively impact the world at large. Wow. Ask you child this question. Ask the neighbors'. Ask anyone. Then discuss it. It is about paying it forward, it is about living the most generous and loving life we are capable of and at the same time, forgiving ourselves when we are far from perfect. In this film 11 year old Trevor shows his family, his community, that everyone can make a difference.

"Be the Change you want to see in the World." Happy Easter.

Goldman's Research on Women

There are a lot of reasons not to like Goldman Sachs right now (including that they only have one board member that is a woman) , but let me give you a BIG positive. For years now Goldman has been producing cutting edge research on women and the economy. They have highlighted the growing economic power of women in terms of their collective purchasing power as well as how a country will be better off on multiple fronts by working to narrow the gender gap. Please find below a link to their reports and a synopsis. Thanks to Goldman for this compelling reserach.

"Australia's Hidden Resource: The Economic Case For Increasing Female Participation" November 30, 2009

-An alternative source of highly educated labour is already at Australia's disposal and with the right set of policy options this pool of labour can be unlocked. Closing the gap between male and female employment rates would have important implications for the Australian economy. The authors estimate that closing this gap would boost the level of Australian GDP by 11%. Indeed, much progress in closing this gap has already occurred over the past 30 years with the rise in the female employment rate since 1974 boosting economic activity by 22%. In this respect, Australia is only 2/3rds of the way to unlocking the hidden value of the female labour pool.

"Power of the Purse: Gender Equality and Middle-Class Spending" August 5, 2009

-In the BRICs and N-11 countries, gender gaps in education, employment, health and political representation are narrowing. At the same time, laws and social norms that have discriminated against women are shifting in many countries.Together, these factors are giving women greater decision-making power. Improving gender equality coincides with the rapid growth of the “global middle class.” Sectors likely to benefit from women’s growing buying power include food, healthcare, education, childcare, apparel, consumer durables and financial services.

"Women Hold Up Half the Sky" 2008

-The Chinese proverb that ‘women hold up half the sky' has long been more aspiration than fact. In developed and developing countries alike, gender gaps persist in education, health, work, wages and political participation. Education is key to gender equality. Educating girls and women leads to higher wages; a greater likelihood of working outside the home; lower fertility; reduced maternal and child mortality; and better health and education. The impact is felt not only in women’s lifetimes, but also in the health, education and productivity of future generations.

"Womenomics: Japan's Hidden Asset" October 2005

-Don’t underestimate the power of the purse. Higher female participation in the workforce can help mitigate some of Japan’s demographic pressures and raise the long-term trend growth rate. Womenomics is likely to become a secular investment theme, and we identify potential beneficiaries.