Tag Archives: economic downturn

Would The Financial Crisis Have Happened If More Women Were In Charge?

As we’re all trying to figure out what went wrong in our banking system to cause the recession we’re in, we’re blaming just about anyone and everyone involved, especially the men at the top. Yes, I said the men. Not many of the folks getting blamed on the news are women, so it leads us to wonder, would we be in this position if there had been more women leading the banking industry?

German news magazine Der Spiegel interviewed Mary Ellen Iskenderian, the president and CEO of Women’s World Banking, an international micro-finance organization, and she addressed this. While she didn’t come out and say the recession wouldn’t have happened if women were in charge, she does say the story line might have played out differently… Keep reading »

Recessionista Report: Destination Weddings, Health Costs, And Domestic Abuse

  • Destination Weddings: A growing number of couples are choosing to say “I do” under the Caribbean sun, rather than having a traditional wedding in their hometown, even though we’re in a recession. A survey by Destination Weddings predicts the destination wedding industry will grow to $16 billion this year, compared with $13 billion last year and $3 billion in 2001. A destination wedding at an all-inclusive resort can be cheaper than a traditional wedding. “Weddings at home tend to be larger,” said Cathy Preece, a tourism industry expert who represents the Caribbean island of St. Kitts. “Brides who are here have their mother who says you have to invite this person and this person.” But the couple having a destination wedding tends to only invite close family and friends — 48 guests, on average. Unfortunately, destinations that are farther away haven’t had the surge that the Caribbean, Mexico, and Florida have enjoyed. [Reuters]
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