Contributed by Nancy Monson

Time heals all wounds. But until time kicks in, what do you do while you’re waiting? How do you relieve stress and decompress from everyday pressures? How do you ease the pain, distract your mind, soothe your soul? If you’re like me (and a whole lot of celebrities, it seems), you craft.

I’ve been a crafter for as long as I can remember. I quilt. I sew. I collage. I paint. I make wreaths. I design note cards. I love to create something out of nothing and put my personal stamp on it. I love the process, and I love the product. The creative arts, my crafts, keep my hands, heart and mind busy, and sometimes I think they’re the only things that keep me sane. And I’m not alone. In fact, the creative arts have historically been used as unique forms of expression, communication and release. Now, in the twenty-first century, these arts have been elevated from mere crafts to important components of healing therapies for people with illnesses, both physical and psychological. Patients with cancer, for instance, are encouraged to paint, to visualize their bodies fighting off malignant cells and to pour their thoughts and emotions into journals.
But the best news is that you don’t have to be ill to benefit.

“We’re now finding that crafts are beneficial for healthy people, too,” says Gail McMeekin, M.S.W., author of the inspiring books The 12 Secrets of Highly Creative Women and The Power of Positive Choices. “Thanks to their ability to tune you into yourself and your feelings, crafts clearly have physical, psychological and spiritual powers.” Adds Diane Ericson, a California fabric artist, teacher and pattern designer, “Crafts are a way of valuing yourself and giving to yourself. They allow you to express what’s inside.”

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For the futures and derivatives industry, the Futures Industry Association Expo is one of the biggest events of the year. It’s a chance for everyone who works in the derivatives market to get together and discuss new developments in the field and the direction of the industry going forward. More than 4000 people from 20 different countries attended the Expo. The crowd included staff at brokerage firms and exchanges, floor traders, pension fund managers, corporate treasurers, CTAs and CPOs, and individual investors.

This year’s Expo focused on the topic of equity futures and options. Commodity Futures Trading Commission acting director Walt Lukken addressed the group on November 27, 2007 and discussed the keys to smart regulation in the futures industry, particularly in light of the credit crunch arising out of the subprime crisis. On November 28, sessions on Exhange Leaders in Equity Options and Algorithmic Trading were popular. On the last day of the conference, November 29, presentations on Building a Mangaged Funds Business and Trends in Managed Funds were well attended.

Of course, there was the gossip of who’s making money and who’s losing it, who is now working where and why certain people weren’t there. It’s the biggest gathering of futures traders, technology vendors and innovative leaders. The best part is that it takes place in Chicago, my hometown.

The biggest gossip was about why the Chicago Mercantile Exchange did not exhibit at the conference. Their space was filled with an FIA booth on the floor and their absence was definitely felt by people who had expected a big appearance by the CME. I personally missed the huge chocolate bars they gave out last year.

I asked a few people on the floor why the CME wasn’t exhibiting and their reasons varied. One person said the CME had too much going on everywhere else and couldn’t fit the FIA into their schedule. Another said that they hadn’t merged the two marketing departments yet to present one booth.

My question is this; what is the CME saying to their many customers that attend the FIA event each year? Please leave a comment below if you have one.

I do have to say this; whatever their reasoning may be, it was a great marketing scheme. The talk on the street was all about why they weren’t there. They probably got more buzz than some firms that actually exhibited at the show.

Further:
23rd Annual Futures & Options Expo
Futures Industry
Chicago Mercantile Exchange

A two day event addressing climate change will include speakers ranging from Governor Jon Corzine to Bill Mckibben. Day one will be an all day conference offering a number of different panels, as well as the start of an expo including vendors for renewable energy, and other green industries. Day two will feature the expo only.

All-star stock analyst Meredith Whitney of CIBC World Markets made major waves earlier this month when she presciently predicted the decline of Citi’s stock. According to a recent Business Week article, Ms. Whitney downgraded Citi’s stock to “market underperform” status, equivalent to a recommendation to sell, in an October 31, 2007 report. She bucked the conventional wisdom that Citi was a super-stock that could do no wrong when she concluded that the bank was undercapitalized, despite its huge size, and predicted that it would be forced to cut dividends in order to make up for huge losses related to the subprime mortgage fiasco.

At the time she issued these recommendations, she came under intense fire from the media and other stock analysts. According to articles in the London Times and the Washington Post, she even received death threats from investors in the bank, after her recommendations caused the value of the stock to plunge by $369 billion. Ms. Whitney told the Times, “clients are not pleased with my call and I have had several death threats. But it was the most straightforward call of my career and I’m surprised my peer analysts have been so resistant. It’s so straightforward, it’s indisputable.”

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With Women In Mind is a networking group established by the Rooks Rider Solicitors for professional and entrepreneurial women to socialize.

Join Echoing Green’s Social Investment Council for the second annual Be Bold Cocktails,
celebrating the business of social change and saluting some of the world’s boldest leaders.

Be Bold Award Honorees:
Joel Klein, Chancellor of the New York City Department of Education
Richard Chilton, Founder & Chairman, Chilton Investment Company
Vikram Akula, Founder & CEO, SKS Microfinance and 1998 Echoing Green Fellow

Buy a ticket online, and support one of the only global organizations solely dedicated to early stage social sector investing.

https://www.events.org/cpage.aspx?e=11757

The Glass Hammer team is attending the Futures Industry Association (FIA) conference in Chicago this week.

Only an estimated 20% of the total attendees at the FIA annual conference are women. So why are women so underrepresented in this field? And why is it that the women in derivatives trading mostly work on the business side not on the modelling or analytical side?

Dinka Krstulovich, owner of the executive search firm Martingale International Search comments that the MBA degree just isn’t giving people the preparation they need to become experts in quantitative analysis (known as a quant to people in the field). “To be a quant you need to have strong mathematical background and problem solving skills. Business side people are not quants, they can be in sales and marketing. They can even be the CEO, not they are not quants.”

There are only few schools that even offer a Ph.D. program in Financial Mathematics, including aCarnegie Mellon, Imperial College, London and Boston University.

Most of the Ph.D. students at the top schools in the United States spend years studying complex mathematical theories and algorithms while working on their dissertations in order to prepare themselves for jobs in the quantitative analysis field. It is a long and arduous route to obtain the necessary qualifications to work in this specialized field, and the application process is very competitive as well.

Dinka further explains,“of course there are Master’s programs that can help and teach you a lot and help to get there. It is still as good as having a Ph.D. in science. It always depends on your diligence and ambitions to get where you want to be.” Dinka also noted that Columbia University had some excellent courses on quantitative analysis, for those looking to pursue this field in the New York area.

So, once the women have the skills, will they have the desire to work in the quant business?

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Contributed by Lauren Davis

Move over, fantasy football. There’s a new game in town. The UpDown, a new fantasy investing site, enables its members to trade stocks rather than quarterbacks. The site provides each member with a $1 million dollar virtual portfolio, which they can then invest and grow, all without the risk of putting up any of their own money.

Fantasy stock picking can be a great way for women who are starting out in finance to increase their confidence in the stock market and their tolerance to risk in a friendly, collaborative environment where they don’t have to be afraid of failure. For these reasons, the site has proved very popular with women users. (More so than fantasy football, but the sporty women who brave the office fantasy pool will be the subject of a forthcoming Intrepid Women article).

According to cofounder and CEO Michael Reich, The UpDown was envisioned as a way to harness the “wisdom of crowds” to create a powerful investing tool. In addition to investing, The UpDown members provide analyses and tips on stocks, and can rank and provide feedback on the stock analyses of other members. Reich’s hope is that, as it grows, The UpDown will consistently beat the S&P 500, and he notes that, even though the site is only a few months old, a handful of members have already doubled their portfolios. And, even though it deals in play money, the site offers a very real incentive for members to do well: it pays cash to members whose portfolios outperform the S&P, as well as for the week’s most insightful stock analyses.

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Are you coughing from the dust kicked up by your resume as you wipe the cobwebs off of it? If you are looking for a new job but haven’t updated your resume in awhile…here are a few pointers for how to present yourself well on paper and get that dream job.

According to Distinctive Documents, an organization affiliated with The National Resume Writer’s Association as well as the Professional Association of Resume Writers, the purpose of a resume is to get you an interview. It’s supposed to reel your future employer in and prepare them to be blown away by your face-to-face meeting.

Sadly, your resume is also an elimination tool. The markets are tight and your competition is inevitably highly qualified. When you factor in online job applications, employers could receive over 500 resumes on their desk for each position. They will sift through them quickly and pick out about 20 qualified resumes that have caught their eye. So its important that your resume, at first glance, says everything about you that you can’t say in person yet.

On their website, Goldman Sachs posts various tips on what your resume should look like when it lands in the hands of your future boss. First, Goldman recommends you consider the visibility of important pieces of information. Think about block capitals or different size fonts to draw attention to those specific accomplishments. At the same time, think about how your resume looks aesthetically. Make sure that the layout flows well and that the font is legible and not too small or cramped.

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Is work making you want to punch someone? I found a cure to release the office- related stress and help your head from exploding…it’s called Bikram Yoga. After the very first class, I felt ready to take on the world.

I went through a phase where I was at the gym every day, even on Sunday. I discovered the benefits of exercise during the break-up of my first serious relationship. I found an activity that could help me release all that pent-up energy. I became addicted to that one hour of me time…and there was that business about losing weight.

The hour I spent at the gym stayed constant as I switched jobs and found a new boyfriend. I bought the latest issue of People or Us Weekly, climbed on to the treadmill and worked my worries away.

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