A Crowdfunding Site for Women Only?

Deborah Jackson, founder of Plum Alley, talks about this need:

Plum Alley Fund was not created to be another niche crowdfunding site. It arose from a problem we saw with women’s access to capital, and was a natural extension of Plum Alley’s mission to support and advance women economically.  For years I have been watching women as they go about raising money for their ideas and companies. It has not been easy and data shows there is huge disparity in women raising capital versus their male counterpart. Time and time again, I hear women say “if I just had enough money to build that prototype or buy the materials I need, I would go for it.” So many women, including some of our entrepreneurs featured on Plum Alley Commerce, have visions and ideas yet to be translated into creations. At the same time, I know so many women and men (husbands, fathers, boyfriends and brothers) who want to support women in reaching their dreams or doing good for the world.

For women creators, there are distinct advantages of using Plum Alley Fund over other crowdfunding platforms. Many projects will be created to solve problems and needs that are unique to women.   Crowdfunding for Women Only

Crowdfunding for Women

 

Twitter’s Value

Shares of the microblogging site Twitter tumbled $9.56, or 13%, to $63.75, taking a dent out of the big gains that accumulated since the San Francisco company’s initial public offering in early November. The drop wiped away about $5.2 billion in Twitter’s market capitalization, or a little less than twice that of J.C.Penney Co. Twitter shares still are up 145% since last month’s initial public offering. 

An analyst downgrade and worries about the stock’s valuation ignited Friday’s drop, burning many of the investors who had piled into the stock in recent days.

“The people who rode it up over the past few days all of a sudden got pretty nervous,” said Robert Pavlik, chief market strategist at Banyan Partners, an investment adviser in New York with $4.5 billion in assets under management. “People are always looking for a quick way to make a buck. Twitter was the bet, until it wasn’t and it ran out of steam.”   Twitter’s Decline

Twitter

 

Reserve Bank of India

Mumbai: The Reserve Bank of India (RBI) warned on Monday that India’s Rs. 81 trillion banking industry faces higher risks because of increasing bad loans and restructuring of debt by stressed corporate borrowers. Stubbornly high inflation, too, remains a major concern, the central bank said in its biannual financial stability report (FSB).

Risks to the banking sector have increased since the previous FSB was published on 27 June, RBI said.  “All major risk dimensions captured in the banking stability indicator show increase in vulnerabilities in the banking sector,” the report said. “Asset quality continues to be a major concern for scheduled commercial banks (SCBs). The gross non-performing assets (NPA) ratio of SCBs as well as their restructured standard advances ratio have increased.”    Reserve Bank of India Looking at Grim Future

India Rupee

Women in High Tech Worldwide

IT workplaces can become hostile or even toxic environments for women. Not only are they more male-dominated than other types of firms but they also tend to be governed by “cultures of engineering” in which male technical prowess is an organizing principle for social relations. The following project seeks to expand on this important theoretical field to address the implications of these cultures of engineering in an increasingly global era. Little attention has been directed, first of all, to the issue of whether there might be different kinds of discriminating environments across national contexts. Common types of discrimination experienced by women engineers in the Global North may be less prevalent in other parts of the world. Moreover, there may be hidden advantages for women engineers in Global South settings, which are useful in alleviating tensions in the Global North, and vice versa. Second, there has been surprisingly little research attention given to the global dynamics of IT workplaces, even though the high tech industry is in a stage of rapid change.   Global Circuits of Gender- Women and High Tech Work

Women in High Tech

Trailing the Yukos Money from Russia to the World

President Vladimir Putin’s Russia waged an all-out war against  President Vladimir Putin’s Russia waged an all-out war against him and his partners, and if they managed to hold on to their substantial resources, that is an encouraging sign for other wealthy Russians fearing that the state might confiscate their assets. It is also a strong argument for continued capital flight from Russia: Much of Khodorkovsky’s hypothetical remaining wealth would come from the foreign investments of his now-defunct oil company, Yukos, once Russia’s biggest oil company.  Khodorkovsky and his partners, and if they managed to hold on to their substantial resources, that is an encouraging sign for other wealthy Russians fearing that the state might confiscate their assets. It is also a strong argument for continued capital flight from Russia: Much of Khodorkovsky’s hypothetical remaining wealth would come from the foreign investments of his now-defunct oil company, Yukos, once Russia’s biggest oil company.  Follow the Yukos Oil Money

Yukos

How Gold Prices are Manipulated

Twice every business day in London, representatives of five banks and some select clients participate in a phone call in which offers to buy and sell gold are put forward. These calls determine the morning and afternoon gold fixings, which serve as the benchmark for trillions of dollars in transactions around the world. Silver fixings work similarly, with only three banks involved.  Price Manipulation by Banks

Gold Intra Day Averages

Insights for Entrepreneurs from Amazon’s Drone Program

Since CEO Jeff Bezos’s 60 minutes showcase of Amazon’s unmanned drone delivery service, many have written the interview off as just another PR stunt to boost holiday sales. Considering the technology is estimated to be over a decade away, the doubters are most likely correct. When digging deeper though, Bezos’s latest octocopter obsession illuminates Amazon’s purpose perfectly, becoming the largest retailer on the planet (and not just online).

Unfortunately, these droning delivery men also reveal what Amazon believes to be their core hurdle in achieving this goal: competing with local brick and mortar retailers who also sell 95% of Amazon’s products. To combat this, Amazon has spent billions of dollars building Amazon Prime (guaranteed 2-Day delivery), purchased numerous urban locker shipping companies to circumvent the “I wasn’t home for my package” problem, and even brokered a deal with the US Postal Service to begin delivery on Sundays.

This intense focus and spending begs the question though: Do Amazon shoppers truly value and care about receiving their items almost immediately?  Insights for Entrepreneurs from Amazon’s Drone Program

Amazon's Drone

The Consequences of ‘Too Big to Jail’

Robert Shiller – one of the top housing experts in the United States – says that the mortgage fraud is a lot like the fraud which occurred during the Great Depression.   Shiller said the danger of foreclosuregate – the scandal in which it has come to light that the biggest banks have routinely mishandled homeownership documents, putting the legality of foreclosures and related sales in doubt – is a replay of the 1930s, when Americans lost faith that institutions such as business and government were dealing fairly.

Indeed, it is beyond dispute that bank fraud was one of the main causes of the Great Depression    Bankers Too Big to Jail

Too Big to Jail