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Study Shows Business Women Are Breaking The Pay Gap

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November 19th is Women’s Entrepreneurship Day and is celebrated in honor of women advancing in the business industry. In past years, women have controlled a vast majority of small to medium consumer choices, signifying a revenue worth trillions of dollars. However, should we wait for that procuring control to transmute into full executive power and representation?

A 2018 study was conducted and commissioned by the American Express revealed that 40% of businesses in the United States are women-owned, and almost half of those business owners are women of color. Entrepreneurship presents a way to seal the leadership and pay gap, and that is becoming your own boss. This is an access lane that women in today’s society have been taking to close their gaps. 

Based on research commissioned by Dell Women’s Entrepreneur Network shows that women may have a breakout decade starting in the year 2020. The annual Woman Entrepreneur Cities (more likely known as WE Cities) Index follows 50 global cities and their success in fostering growth for women-owned startups this past summer. In collaboration with HIS Markit, Dell followed through a 10-year examination of determinants that help female business owners succeed. A part of this follow-through includes access to technology, capital, talent, markets, and culture. The whole study illustrated how these determinants could enforce policy and boost success amongst women-owned businesses.  

Cream Of The Crop 

New York, London, and the Bay Area in California are the three top cities for businesswomen.

A comparison with 2017 findings was made, and the WE Cities report depicts that 30 out of 50 cities have improved tremendously on a majority of their indicators, as Latin America and Europe show the most significant promise. The data also showed that the increase in positive gains was dispersed across every continent, which proposes a global push towards supporting women-owned companies.

The Cities

Moving from #45 in 2017 to #28 this year, Mexico City shows excellent promise and improvement. Part of the city’s success is connected to the changes that embraced representation for women in areas such as business schools, and legislatures, corporate vendor procurement programs, and the right to aces to capital for women entrepreneurs through crowdfunding campaigns 

Austin, Texas, ranks at #14. The city, which is known for being the headquarters for corporate tech giants ranks at #2 for technology, outranked by San Francisco on 1st place. Nonetheless, Austin is a welcoming city for women-led startups, with many opportunities to help them succeed. 

One of those prospects is led by Kendra Scott (jewelry company based in Austin) in partnership with the University of Texas will launch the Women’s Entrepreneurial Leadership Institute this spring. 

Aside from the launch, the Institution has held programs over the city to assist women at all levels of their business journey. 

According to Liz Mathews, Senior Vice President of Global Brand at Dell Technologies and imposes a vital role in the Dell Women’s Entrepreneur Network emphasized why this kind of analysis needs to be implemented. 

“Dell Technologies got involved with building the ranking because we knew we needed to shine a light on the gaps that female entrepreneurs run into around access to capital, access to networks, and particularly access to critical technology,” Mathews said. 

In addition, Mathews included that women-owned businesses should find ways to establish their inner resiliency. And with that, she suggests that developing a business mindset can uplift success whether you are running a business or conveying value inside of one. 

On the other hand, Jan Ryan, Executive Director of Creative Entrepreneurship and Innovation at the University of Texas’s College of Fine Arts, says that it is vital to know your worth as an individual and as a company. She added that women owners should have a clear idea of their value. 

If you are a careerist working for a company or an entrepreneur running it, you have to know your worth,” Ryan said. 

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How to Help Indie Movie Theaters Stay Open

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Here’s how you can help indie movie theaters open through the pandemic!

How to Support Indie Movie Theaters Open Amidst the Pandemic

While the mall movie theatres may survive the financial backlash of the pandemic, smaller family-owned movie theatres are facing the financial brunt of COVID-19 as the government imposed strict quarantine protocols against crowds and confined spaces.

As each day progresses, more and more indie movie theatres are slowly shutting down permanently due to lack of funds. What more is that hundreds of theatre employees are also starting to lose their jobs.

How can Indie movie-loving people support independent movie theaters? Like everything else, the Indie Movie Theater industry has started to go online through a streaming service that shows movies that bug theatre mall complexes do not usually deliver. How it works is fairly simple: All movie-goers have to do is buy a ticket online, and they can stream the movie all in the comforts of their homes while supporting the Indie Movie theatre industry.

A pilot session was conducted by Keif Henley, the Guild Cinema owner in Albuquerque. He decided to stream Phoenix, Oregon, which is an Indie Comedy about a graphic novel artist and a chef who quit his job to restore an old bowling alley and to serve the best pizza in the whole world. This Indie film was directed by Gary Lundren and starred celebrities like Lisa Edelstein and Kevin Corrigan.

The movie’s release would typically start in a handful of theatres and, depending on audience reception, will be streamed in popular streaming services such as Hulu or Amazon Prime. However, the movie producers decided to support local indie movie theaters by providing viewers the option to buy an e-ticket through a “Theatrical at Home” initiative.

A drop-down menu will appear, and viewers can choose what theatre they will support. Once purchased, viewers have three days to watch the movie once they receive the link, and forty-eight hours to finish the film once they start streaming it.

The price for Oregon, Phoenix, is at $6.50, which is noticeably higher than the average, in-person movie ticket. However, it’s a small price increase to pay to support local, independent indie movie theaters to stay afloat during the lockdown period.

What’s even better is that since this feature is available throughout the US and Canada, it reaches a broader audience that is no longer dependent on location. This is a smart way to stay at home, be entertained, and help support locals.

With this new initiative, other movie producers and theaters are following suit. Kino Lober launched a virtual theatrical exhibition initiative, and other indie movie theaters are opening private screening rooms through their respective screening platforms.

Indeed, the world of the movie industry is changing, and Indie movie theatres must adapt to the signs of the times. If you want to support indie movie theaters open, please purchase a ticket and avail of their unique streaming service!

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How Microsoft Company is Saving the Planet

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In pursuit of making a stand against climate change, corporations such as Facebook, Google, Amazon, and Apple have made it their mission to heal the world. 

Talks on climate change have only been getting stronger as more consumers have become aware of its adverse effects. Since then, the topic has evolved from sheer press releases and into actual action plans taken seriously by C-level executives.

In this article, we’ll be exploring more about the commitments of Microsoft, one of the frontrunners in the subject. The tech giant pledged not only to decrease their emissions but to push further and go carbon negative. Microsoft has since been releasing a series of progress reports, detailing how they can eliminate all the carbon the company has discharged since its establishment in 1975. 

After days of speaking with professionals in corporate sustainability as well as past and present employees of Microsoft, we have found how sincerely the company is taking the issue and their global influence that could expand this effort beyond their own enterprise.

Microsoft is setting a benchmark through its consistency, transparency, and determination in pulling together other companies, either suppliers or industry competitors, into sharing data and other resources for the cause.

Kinds of Emissions 

A company’s carbon emissions are combined from three different sources: first is from the business operations side such as delivery vehicles, second is from factories or power plants, and the last type is from indirect emissions produced by equipment or services procured by the business, such as business travel. 

Microsoft’s largest source of emissions is the third factor. “At Microsoft, we expect to emit 16 million metric tons of carbon this year. Of this total, about 100,000 are Scope 1 emissions, and about 4 million are Scope 2 emissions. The remaining 12 million tons all fall into Scope 3. Given the wide range of Scope 3 activities, this higher percentage of the total is probably typical for most organizations,” said Microsoft president Brad Smith.

Microsoft’s Key Initiatives

Earlier this month, Microsoft chief environmental officer Lucas Joppa provided some updates on the concrete steps that the company is undertaking to achieve its negative carbon emission target.

First off, the tech giant will be joined by nine other major companies in an effort called “Transform to Net Zero”, which aims to “accelerate the transition to a net-zero global economy.”

It basically follows the same philosophies Microsoft has set but guided with a data and scientific-driven strategy. The companies uniting in this initiative are A.P. Moller-Maersk, Danone, Mercedes-Benz, AG, Natura & Co, Nike, Starbucks, Unilever, and Wipro.

Another strategy Microsoft took is the launch of a sustainability calculator that will help their cloud clients determine their carbon footprint and, in turn, make efforts to reduce it. The third is a commitment to cease the use of diesel fuel and generators by the end of the decade. Finally, they increased the company’s internal carbon tax to include its largest source of emissions (Scope 3).

Globally, Microsoft is being acclaimed for keeping true to their commitments in doing their part to create a more sustainable environment.

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Aviation Aftermath Due to COVID-19 Pandemic

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The Covid-19 pandemic has changed a lot of what was considered ‘normal’ before. For example, gone are the days when you can have a fun night out with friends while drinking and partying. Another aspect that the pandemic changed is everyone’s ability to travel freely (as long as their passport, budget, and visas will allow).

With everyone expected to stay home, the airline industry strongly felt the pandemic’s effects as the majority of the flights got canceled due to travel restrictions in an attempt to contain the spread of the deadly virus. Because of this, the airline industry has been forced to lay off employees or, worst, declare bankruptcy. 

The Aftermath

Government regulations in countries such as the United States and Europe have reiterated that any canceled travel plans because of the Covid-19 pandemic should be refunded in whole to the ticket holders.

Despite this regulation, many airlines have failed to comply with as they have felt the financial brunt during the pandemic. Some airlines opted to provide travel vouchers (that can be claimed until 2022) instead. Still, government regulations were specific in their guideline to give back the refund.

Statistics show a decline of 10% in early March 2020 as the pandemic started to boom globally. By late March, statistics showed a 40% to 60% decline in the aviation industry, with more flights being canceled and fewer individuals attempting to travel, including the imposition of travel restrictions by multiple countries. By April 2020, there was an 80% decline, with flight movements restricted in all countries.

What’s Next?

Because of the aftermath of the pandemic to the aviation industry, many airlines are cutting off employees, including flight attendants. US airlines have cut down flight attendants ranging from 30% to 60% because of the low demand for flights.

Because of these, flight attendants all over the world became creative in ways to earn more money now that their current jobs are unstable because of the pandemic. For example, Susannah Carr, a flight attendant from United Airlines, mentioned she rejoined AppWag to walk dogs through making extra money now that there is a lull in her flights.

Making Ends Meet

In an interview, she mentioned that her previous paycheck was just enough to cover her monthly rent, a place she co-rents with a fellow flight attendant. Since Carr has previous experience in freelance jobs such as online translations and wedding event planner, she is now busy applying for other freelance types of jobs to make ends meet.

She acknowledges that while it is not the dream job, she hoped for right off college, the sense of urgency to make a living so she can survive the pandemic remains to be a top priority.

On the other hand, another flight attendant, Joan Marie Santos, turned to bake cupcakes and pastries during the flight lull. Her passion truly lies with baking, a hobby she only got to do in-between flights. But with the ongoing pandemic and approximately one flight per month (as opposed to her usual 15 flights per month), she started baking and selling her pastries to nearby communities to make ends meet.

With the uncertainty of the pandemic, people, not just flight attendants, have to be flexible and adaptable to the changing times. 

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