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Hello Everyone!
Happy Friday and happy first day of spring. Here in NYC we welcomed the change of seasons with... SNOW!
Congressman Ron Paul may be the lone voice in the wilderness especially when it comes to his colleagues in the House of Representatives. He joined us this morning on our special "Road to Rescue" edition of AM. He voted against the new bill to tax bonuses calling it a disgrace. And he says the AIG bonus mess has actually made us lose sight of even bigger problems. Here’s his interview.
But on the brighter side, we did a segment on whether women could be one of the keys to economic recovery.
The Bureau of Labor Statistics puts unemployment over eight percent for men, but under seven percent for women, and now some groups are trying to help even more women find good work. Jacki Zehner with the Women's Funding Network joined Christine as well as Linda Butler, a woman who benefited from the program. Watch it here.
Thanks for joining us this week. Hope to see you on Monday! As always you can reach us at cnn.com/amfix or twitter.com/amfix, twitter.com/kiranchetrycnn.
Cheers!
Kiran
The nation's unemployment rate is still climbing, but it's affecting a lot more men than women.
The Bureau of Labor Statistics puts unemployment over eight percent for men, but under seven percent for women. That has some experts wondering – could women be key to our recovery?
For more, we talked to Jacki Zehner with the Women's Funding Network and Linda Butler who's benefitted from that network.
Men aren’t supposed to be big on emotion, but at the Santa Monica’s Men Circle in California, they have no problem discussing their innermost feelings. The recession has them worried, they say. The news makes them anxious. There is anger, fear, self doubt. Former masters of the universe all wondering if their futures will be as bright as their pasts.
“I start questioning my self-worth and am I making good decisions,” one group member admits. “And then I start second guessing my other decisions and it starts eroding my confidence.”
In this circle, they feel free to unload.
“There are times when I want to keep a good face,” says one gentleman with graying hair and boyish grin, “and there are times when I need to just let all that go and I really want to give myself permission to do that.”
Of the nearly four million who have lost their jobs since the recession began, 78% are male. And some sociologists say that they’re hurting more than women.
There's been a lot more finger-pointing on Capitol Hill over the AIG bonuses.
But who is ultimately responsible and why did no one see this coming?
Congressman Ron Paul says it's because no one's reading these bills.
He joined us live.
As the recession deepens, guess who’s fast becoming the best friend of American businesses?
American women.
Companies have long known that women often make the buying decisions for the household. But unemployment now is soaring much higher among men than women, which means women now control even more of what gets spent.
By one measure 80% of consumer spending is attributed to women. They control as much as 85% of household spending on everyday items. And they buy more than half of the new cars. Statistics like these are getting the attention of American’s corporations.