Unemployment

Unemployment was last reported at 9.7%. That number, we know, dramtically understates the real number which most people, including Robert Rubin whom I was very fortunate to have lunch with on Wednesday, think is closer to 15%. John Mauldin in this week’s newsletter does a deep dive in to the US employment, or should I say unemployment, situation and is worth a read.

“There are 154,577,000 people in the available work force. We are down almost 8 million jobs since the onset of the recession, and there are almost 15 million people unemployed” in the US. Bottom line from his piece is that we are in a “New Normal” ( a term Bill Gross likes to use as well) and it will take a long, long time to for our economy to recover.

“The New Girl Power” – Center Stage at CGI

Ok.. if you want even more validation about this being the time, the moment, to INVEST in WOMEN and GIRLs read this about what is happening this week at the Clinton Global Initiative. ” Former President Bill Clinton connected all the dots: “I think empowering women is central to what the world has to do in the 21st century,” he said flatly, introducing the panel on “Investing in Women and Children” at the Clinton Global Initiative’s second day of meetings in New York City.” My heart is pounding so hard I can barely type. This is a must read article on the Daily Beast and thank you Lynn Sherr for writing it. It is so important to have men, and not just women, send this message and more importantly, to act upon it. There is so much evidence that empowering women and girls is the way to improve what ails this world and the story is now being told in the highest of places.