Nine Women Descendants of Red Party Leaders in China’s Political Advisory Meetings

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This year’s two sessions and the reforms supposedly to be discussed there dominate the front pages of China’s newspapers today (see gallery below). The City Lady (都市女报) from Shandong province, however, has as usual taken a slightly different view with a front page story on the “Red descendants” at the two sessions this year, i.e. the delegates who are children and grandchildren of previous Party leaders.  Articleredheirs

Small Banks Crucial to US Economic Recovery

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Big banks got bailed out and executives took a good chunk of the proceeds.  They do not service the small businesses who are the US economy’s employers.  In Washington, small measures are being taken to bolster them.

The House Financial Services Committee held a hearing with government officials on the community banking industry and what federal regulations could be holding bankers back from growing.

Ahead of the hearing, the National Association of Federal Credit Unions sent a letter to the top-ranking Democrat and Republican on the panel expressing the importance of regulatory relief to the survival of credit unions. Credit unions argue that because they didn’t cause the financial crisis, they “shouldn’t be caught in the crosshairs of regulations aimed at those entities that did,” said Fred Becker, the association’s president and CEO.  Article

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Transparency we can learn from U.S.

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Take a look “Costofwar.com”

“From 2003 through 2012, the United States provided $60.64 billion for the relief and reconstruction of Iraq,” or about $15 million spent per day. Of the $61 billion, $52 billion was allocated from major funds such as the Iraq Relief and Reconstruction Fund (IRRF) and the final $9 billion from additional assistance programs and reconstruction-related oversight expenses. In total over the last 10 years, the nonpartisan Congressional Budget Office calculated at least $767 billion was spent when accounting for total military spending, additional aid and other diplomatic expenses. “Costofwar.com,”a product of the National Priorities Project, puts that figure higher, at about $812 billion, and notes that some projects are yet to be finished. Report Sigir learning from Iraqcost of war

 

Women’s Salaries on Decline

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Women’s Policy Research Report details decline in women’s salaries.  In 2012, the ratio of women’s to men’s median weekly full-time earnings was 80.9 percent, a decline of more than one percentage point since 2011 when the ratio was 82.2 percent. This corresponds to a weekly gender wage gap of 19.1 percent for 2012. Women’s median weekly earnings in 2012 were $691, a marginal decline compared to 2011; men’s median weekly earnings were $854, a marginal increase compared to 2011. Report:  C350-March 2013

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