Showing posts with label money. Show all posts
Showing posts with label money. Show all posts

Put Your Money Where Your Onesie Is

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From BusinessWeek:

Gymboree (GYMB)

Oppenheimer upgrades to outperform from perform

Oppenheimer analyst Robert Samuels upgraded Gymboree on Aug. 20, saying that its Crazy 8 clothing stores division could double its store base and become profitable in 2010. Samuels also said Gymboree "seems to now be toying with the idea of international expansion" for Crazy 8.

The company's strong balance sheet and good stock value are "too compelling to ignore," he said.

"The (back-to-school) season seems to be starting off strong and, in classic GYMB style, we expect that the company will continue to come up with innovative and creative ways to drive traffic and offer compelling promotions," Samuels said.

Samuels raised his 2009 profit estimate for the company to $3.31 per share and for 2010 to $3.70 per share. Analysts polled by Thomson Reuters expect profit of $3.25 in the year that ends in January and $3.54 in the year that ends January 2011.

Need Formula Because You're Physically Incapable of Breastfeeding? The Gov Says Bah.

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This article in Newsweek is interesting and timely, since the MacFamily Unit just set up our fexible spending account for the first time. The IRS refuses to add formula to the list of approved expenditures, even for a woman who had a double mascetomy and is physicall incabable of breastfeeding.

To recap: ovulation predictor kits - ok. The necessary-for-survival food with which you'll feed the eventual result of the ovulation predictor kit - not ok.

If you find this information unsettling, let your local Representative know.

Recession Mama Drama

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According to a Time Magazine article, women are bearing the brunt of the recession, even when it's their husbands who are laid off.

Here's my favorite part: To be sure, many of these cuts affect both the husband and wife, but women — even those who work outside the home — still take on more household responsibilities, including cooking, cleaning and taking care of children, whatever their ages.

There's actual data to back this up in this article from the New York Times: "The most recent figures from the University of Wisconsin’s National Survey of Families and Households show that the average wife does 31 hours of housework a week while the average husband does 14 — a ratio of slightly more than two to one. If you break out couples in which wives stay home and husbands are the sole earners, the number of hours goes up for women, to 38 hours of housework a week, and down a bit for men, to 12, a ratio of more than three to one. That makes sense, because the couple have defined home as one partner’s work.But then break out the couples in which both husband and wife have full-time paying jobs. There, the wife does 28 hours of housework and the husband, 16.

Where the housework ratio is two to one, the wife-to-husband ratio for child care in the United States is close to five to one. In a family where Mom stays home and Dad goes to work, she spends 15 hours a week caring for children and he spends 2. In families in which both parents are wage earners, Mom’s average drops to 11 and Dad’s goes up to 3."

Fascinating trends! Some of us "modern women" are getting wise to this. Kudos to you working ladies who are solely responsibility of their household chores, but I have no idea how I could work all day, come home, take care of MacBaby, cook dinner and clean up. So, I don't. MacDaddy is the Executive Chef of the family (and will be blogging here about cooking in the near future) and the Trashman (most of the time). I am the Baby Food Provider, Laundress, and general cleaner-upper. Diaper duty is divided equally.

MacDaddy and I never sat down and created a chore spreadsheet, our division just happened naturally based on our strengths and weaknesses. However, gender chore sharing is a movement! With actual names! It's known as Equally Shared Parenting or Third Path.

Perhaps another silver lining to the recession, in addition to helping the collective "us" curb spending, is the media attention to traditional gender roles.

How do you deal with chore division in your family? Has the recession impacted your routine?


Money, Honey

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MacDaddy and I may be late to this trend, but we are now using Mint.com to keep track of all of our personal finances. You can upload all of your account information (debts and assets) and it will track your overall wealth (or lack thereof). There's also an extremely user-friendly iphone app. Now I can check our finances while at Baby Gap to see if I should go ahead buy MacBaby new onesies that he'll outgrow in two weeks.