by Erin Abrams and Pamela Weinsaft (New York City)

“There is growing concern among some about whether the Bailout Plan was hammered out too quickly without sufficient guarantees to taxpayers and accountability,” remarked Linda Basch, Ph.D., President of the National Council for Research on Women. She joins an increasing number of experts on women’s economic participation who think that the recently-approved bailout plan might have disproportionately impact working women. “We hope that Congress will go back to the drawing board and come up with a viable plan in a way that will boost the economy and restore market confidence,” she continued.

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by Heather Chapman (New York City)

The passage of the $700 billion bailout plan last week by Congress and the President was supposed to be the first step toward fixing the U.S. economy. But, instead, not only is the U.S. economy worsening, but the European and Asian economies are faltering as well. While steps are being taken worldwide to bolster the economies, it may now be a matter of “too little, too late”.

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by Heather Chapman (New York City)

Labeled the ‘Hail Mary’ of bills, Congress’ revised $700 billion bailout plan was expected to be passed by the House of Representatives on Monday. Yet, despite all expectations, the House rejected the plan by a vote of 228 to 205—a mere 13 vote margin. Investors had been relying on the proposed bill to buoy the sagging markets; however, with the House’s repudiation of the bill, the Dow Jones Industrial plummeted, dropping more than 700 points, while the Standard & Poor’s 500-stock index fell by more than 8%, making Monday the worst single day in trading history for the United States in at least twenty years.

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by Erin Abrams (New York City)

This Glass Hammer financial reporter went on vacation last week, and returned to find the financial landscape in New York utterly transformed into something practically unrecognizable. Walking down Wall Street this morning, I felt like an astronaut doing a moon landing. Sure, the buildings physically looked the same, but the financial terrain seemed alien in light of the recent news on the Street.

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Now in its third year, the Women and Wealth forum was created to meet the specific needs of high-net-worth women and their advisors. In response to feedback from past attendees and industry experts, the all-new 2008 program will include more focus on hedge funds and other alternative investments, newly emerging ‘hot’ investment strategies, the role of women in family businesses, family governance, legacy planning and more! High-net-worth women and single family offices will benefit from candid discussion amongst their peers, and advisors and service providers will gain cutting-edge insights on how to achieve effective service differentiation for this growing population.

For more information and to download a brochure