Apr 15
Her eye on the news
Making bank

According to a report by Morningstar, an independent investment research firm, only one out of five funds have at least one female manager, though women are more likely to have obtained chartered financial analyst credentials than their male colleagues, reflecting a gender imbalance that might have a negative impact on returns for investors. “The data may suggest that women need to be more credentialed than men to win a fund-management role, reflecting a potential hiring bias,” the report, which looked at more than 26,000 fund managers registered in 56 countries, said. It concluded that the investment fund industry is “drawing from a relatively limited talent pool.”

The United States is particularly problematic, with only about 10 percent of managers being women (Singapore is the best scoring country, with about 30 percent of managers who are women). The analysis also stressed the fact that this gender imbalance could be leading to lesser returns. Women are 36 percent more likely than men to be overseeing passive funds (which are not actively managed and, rather, track index funds) that are cheaper and get better long-term results. Nevertheless, women might be even better suited to managing active funds because they make fewer risky and costly trading decisions than men. “In downturns, women are more likely to hold on to their investments. In rallies, women are less likely to be looking for quick wins,” the report says. “This invest-with-conviction approach may be especially beneficial for active managers, which face cost scrutiny, and have largely lagged passive funds with a conventional higher-turnover approach. It is unfortunate, then, that women have lower odds of managing active funds.” The low numbers of women in higher-ranking positions in the finance industry came up, among a host of other topics, in the first episode of Women in the World’s new video series She-Suite. In that episode, Kathy Murphy, talks about how the finance industry was “created by men for men.” Watch the complete episode below.

Read the full story at Marketwatch.


Billionaire businesswoman describes her meteoric rise from poverty

Calling women in business ‘girls’ is a compliment, not an insult, CEO argues

Business leaders go head-to-head with macho culture and workplace misogyny

Good idea

In the Nevada State Assembly, a bill has been proposed that would provide access to contraception without any co-pay to all women living in the state. Moreover, the bill would provide women access to 12 months of anticonceptive medication if appropriate, which would be a boon to people in more rural areas for whom it can be hard to get to a pharmacy. “For many of my patients, living paycheck-to-paycheck, even a small co-pay can be a barrier to access. And without contraception, they face unintended pregnancies they can ill afford,” Toby Frescholtz, a Nevada ob-gyn writes in an opinion piece supporting the legislation. “I have witnessed how accessible contraception can make the difference between a young woman finishing her studies and getting a good paying job, or falling into a never-ending cycle of poverty. The costs of unplanned pregnancies are not just limited to the families who experience them, but are shared by our community as a whole.”

Read the full story at Reno Gazette-Journal.


Trump signs legislation allowing states to deny some federal funding to Planned Parenthood

Tomi Lahren says ‘you can be anti-abortion and pro-choice,’ sues Glenn Beck

Not one woman seated at table for discussion to decide fate of women’s health care

‘Safe space’

In a speech given at University of North Carolina at Chapel Hill earlier this month, “equity feminist” Christina Hoff Sommers argued that the feminist ideologies being taught to students at many universities had been overrun by notions of “intersectional feminism.”

According to Sommers, intersectional feminists focus on the way that powerful groups systematically oppress less powerful ones along race, class, and gender lines — a philosophy she claims stems from Marxian thought.

In practice, Sommers argues, intersectional feminism effectively demonizes men and ostracizes women who disagree with its tenets. By focusing on how women are “systematically oppressed,” she argues, such brands of feminism encourage women to feel victimized by men and rob women of their intellectual freedom.

Sommers’ critique of intersectional feminism has led to outrage at some universities — including Oberlin College, where students posted fliers warning of a “dangerous person” coming to campus and 30 women protested her presence by retreating to a “safe space” during her talk. Sommers has not been dissuaded by the opposition — if anything, she argues, the open hostility shown to her by many feminists only lends further credence to her views.

Read the full story at The National Review.


The 3 words this woman says amount to ‘the most destructive’ phrase in the English language

‘Fearless Girl’ statue promotes wrong kind of feminism, columnist Ginia Bellafante argues

Camille Paglia claims feminism has been hijacked by ‘upper-middle-class professional women’


A Michigan doctor was arrested on Wednesday for allegedly performing genital cutting on two 7-year-old girls from Minnesota who were brought to the doctor by their parents. According to a criminal complaint filed on Wednesday, Dr. Jumana Nagarwala, 44, a physician at Henry Ford Hospital in Detroit, may also have performed the procedure on “multiple” other girls between 2005 and 2007.

“Dr. Nagarwala is alleged to have performed horrifying acts of brutality on the most vulnerable victims,” said Kenneth Blanco, acting assistant attorney general with the Justice Department’s criminal division. “The Department of Justice is committed to stopping female genital mutilation in this country, and will use the full power of the law to ensure that no girls suffer such physical and emotional abuse.”

According to investigators, one of the girls in the case said that cutting procedure left her screaming and barely able to walk. Nagarwala has reportedly denied performing any genital cutting procedures on children.

Female genital mutilation (FGM) remains prevalent in many countries across the world, particularly in Africa. Worldwide, more than 200 million girls and women have been subjected to the procedure — in the U.S. alone, it’s estimated that more than half a million women and girls are affected by or at risk of FGM.

Despite a longstanding ban on FGM in the U.S., where the practice has been illegal since 1996, federal officials said that the recent case is expected to be the first known prosecution under the law.

Read the full story at The New York Times.


Man found guilty of performing FGM with pair of scissors on his 2-year-old daughter deported

Music video rejects all forms of FGM, challenges policing of female body

Lawmaker argues FGM is necessary because Egyptian men are ‘sexually weak’

‘My everything’

On March 13, former Tennessee teacher Tad Cummins, a married father and grandfather, disappeared with 15-year-old student Elizabeth Thomas. In the wake of the disappearance, an Amber Alert has been issued for Thomas and Cummins has been charged with aggravated kidnapping and sexual contact with a minor. With the pair still missing a month after the alleged kidnapping, the women in Cummins’ life, his anguished wife and daughters, spoke to ABC News and begged him to come home.

“No matter where you are, Daddy, no matter what you’ve done we just want you to come home,” said Cummins’ daughter, Erica Osborne, 29.

“I’ve already forgiven him, no matter what he did, I’m always going to be there,” she added. “You don’t give up on your family. Everything can be turned around, always, and be better in the end. There’s always a plan. There’s always a way to fix it.”

Cummins’ wife, Jill Cummins, said that she had filed for divorce in the wake of the kidnapping but that he had been “my everything … my best friend for 31 years.”

“We had everything we ever wanted, two beautiful kids, beautiful grandkids, and I really truly believed that he loved me,” said Jill. “The Tad that I know is not the Tad that the world is seeing now. He is a wonderful person.”

Jill said that she had initially trusted her husband’s denials after it was first alleged that a student had seen him kissing Elizabeth — a girl that Jill and Tad had often given rides to and from church.

“I had no reason not to believe him,” she said. “I called her our third daughter sometimes.”

Despite her reluctance to speak to media, Jill said she knew she “had to be strong and do it for him and for Beth.”

“I wanted him found and I wanted him to either change his mind and come home, or I knew that would give more media exposure for more people to hear the story and see their faces and see them somewhere.”

Watch the interview with Cummins’ family below.

Read the full story at ABC News.


Kidnapping victim seen in terrifying video reveals how she escaped from car trunk

Woman kidnapped when she was a newborn calls her alleged kidnapper a ‘great mother’

Texas father tracks down his teen daughter after she’s kidnapped by sex traffickers she met on Snapchat