Smart girls get ahead in life!

It’s all about women being on top! Research compiled by the Department of Sociology at Queens College (New York) indicate that fulltime female workers in their 20s earn more than same-age males in the cities of Chicago, Boston, Minneapolis, Dallas and New York. While in New York City, these women professionals earn 17% more than men, in Dallas (Texas) they earn 20% more. But strangely, women are no longer on top by the time they cross 30. And it’s only been over the last seven years that women have started to surpass men’s salaries in urban centers. One reason for women getting ahead of men at these centers, the study summarises, could be that they get married much later in lifein cities than in smaller towns. According to the National Committee on Pay Equity, women (in the US) who are doing best are from the states of Maryland, District of Columbia and Massachusetts, while they fall behind in money matters in Arkansas, Louisiana, and West Virginia.

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Source : IIPM Editorial, 2008

An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

Osama’s son’s reign of love

While Osama bin Laden continues his reign of terror, his son is spreading love. Or so it seems. According to British tabloid, The Sun, Osama’s fourth eldest son, the 27-year-old Omar has married 51-year-old Jane Felix-Browne, a five-time British divorcee and parish councillor from Cheshire, who’s also a grandmother! Omar’s Saudi wife, the 20-something Rasha bin Laden, is furious, and has vowed not to return to Omar unless he leaves Jane. “Rasha feels left out. Jane’s always in the limelight – the papers in Saudi Arabia are full of stories about her marriage to Omar. Rasha’s made it clear she won’t return unless things change,” the paper quoted a source as saying. The Omar-Jane romance is the stuff of movies. He first saw her in Egypt last September riding a horse near the Great Pyramid – and fell for her hook, line and sinker! Apparently the two married in Cairo (at a friend’s place) in an Islamic ceremony. Currently, The Sun says, Jane is trying to organise a visa so that she can visit her latest husband in Saudi Arabia. “I was told by my family that they do not approve of the marriage and there will be consequences. But I love my second wife and am not going to divorce her. I am going to struggle along with her and this will all settle down,” Omar had said earlier, The Sun added.

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Source : IIPM Editorial, 2008

An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

Asia’s lop-sided growth story

A recent Asian Development Bank (ADB) study, Key Indicators 2007, points to the obvious – but extremely alarming – trend: the fact that in developing countries (in Asia) the rich are growing richer faster than the poor, and that disparities between the ‘haves’ and the ‘have-nots’ continue to widen. “Inequalities in life start early, and they begin with extreme circumstances that deny millions the opportunity to have adequate nutrition, health and basic education… The key challenge to public policy here lies on not just increasing the quantum of public expenditures, but also ensuring that these are well targeted, effective and funded through mechanisms that do not detract from economic growth,” the report said. And although poverty rates have been on the downswing over the past decade or so (ever since the region started witnessing a boom), the poor have been left way behind in the race as relative and absolute inequalities have increased. So what are relative inequalities and absolute inequalities? Well, relative inequalities are the proportionate differences in incomes , while absolute inequalities are the actual dollar differences in incomes.

“…the expenditures of the rich or top 20% have increased much more than those of the poor or the bottom 20%… This has happened even in countries such as Indonesia and Malaysia where relative inequality declined,” the report observed. Among other things, the report also said that there is lop-sided growth in the urban and rural areas.

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Source : IIPM Editorial, 2008

An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative