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Walmart Foundation empowers women with new partnerships

BY DSN STAFF

BENTONVILLE, Ark. — The Walmart Foundation, alongside six women’s foundations — The Washington Area Women’s Foundation, The New York Women’s Foundation, Women’s Fund of Mississippi, Women’s Foundation of Minnesota, Women’s Foundation for a Greater Memphis and the Women’s Funding Network — has launched the Partnership for Women’s Prosperity.

The new national partnership intends to help economically vulnerable women gain financial and economic security through education, job training and employment opportunities. The Walmart Foundation has provided $3.35 million in grants to the Partnership for Women’s Prosperity to initiate efforts and assist nearly 5,000 women and girls in 16 communities across the United States.

"We are thankful to the Walmart Foundation for recognizing the impact that women’s funds are having on communities and the innovative and effective ways in which they’re providing resources that enable economically vulnerable women to overcome barriers and reach their full potential," said Nicola Goren, president and CEO of the Washington Area Women’s Foundation. "By working together as a collective force, we have the potential to transform the role of economically disadvantaged women across the United States."

The Walmart Foundation worked closely with the Partnership for Women’s Prosperity to establish goals and fund programs that best serve women in their local communities. Specifically, the grants will provide programs that help women:

  • Advance careers: Offer greater job training and career services to help women find and secure stable jobs and ensure access to affordable child care options;

  • Increase financial literacy: Equip women with the right tools to help them build their net worth by reducing debt and accumulating savings;

  • Access education: Expand access to educational opportunities including GED, English as a Second Language, and post-secondary courses to increase knowledge that will help secure job; and

  • Build leadership skills: Empower young women and girls with the ability to raise grades, increase graduation rates and improve access to higher education and stable jobs.

"These dedicated partners are working on the ground community by community to help women expand their knowledge and build essential skills that will improve their lives," said Sylvia Mathews Burwell, president of the Walmart Foundation. "We know that outside of work, women spend their time, money and energy caring for their families and communities, so investing in women today will help build a greater future for our nation."

This announcement is part of Walmart’s Global Women’s Economic Empowerment Initiative launched in September 2011 that aims to help 200,000 U.S. women from low-income households gain job skills, access to higher education and achieve economic security.

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Lilly announces osteoporosis drug study results

BY Alaric DeArment

INDIANAPOLIS — A biotech drug made by Eli Lilly for osteoporosis appeared no more or less effective than a pharmaceutical drug available as a generic in treating women with related bone fractures, but was more effective in some other measures, according to results of a late-stage clinical trial released Tuesday.

Lilly released results of a phase-3 study of Forteo (teriparatide [rDNA origin]) in postmenopausal women with osteoporotic vertebral fractures that compared the drug with risedronate, originally marketed by Warner Chilcott under the brand name Actonel. The study found no difference between Forteo and risedronate in the ability to reduce the worst back pain by 30% after six months, but patients using Forteo showed greater increases in bone mineral density and fewer new vertebral fractures. Results of the study are in the August issue of the journal Osteoporosis International.

"With many available options to treat osteoporosis, this study is important because it compares two established osteoporosis medicines in a direct, head-to-head design," said Peyman Hadji, Philipps-University of Marburg endocrinology, osteoporosis and reproductive medicine department head and lead study investigator.


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Bad economy doesn’t stop high BTS spending, survey finds

BY Alaric DeArment

AUSTIN, Texas — Nearly 80% of parents are spending up to $500 for back-to-school shopping, according to a survey by an online coupon site.

RetailMeNot.com announced Tuesday results of a survey that also found more than half of parents prefer to get a head-start on BTS shopping in July and August, rather than waiting until after the school year begins. The study, conducted with Ipsos Public Affairs, surveyed 1,041 adults online who had a child younger than 18 years old from Ipsos and had a 3% margin of error.

"Contributing to the stress, a significant majority of parents are spending hundred of dollars per child on back-to-school purchases in a still-sluggish economy," RetailMeNot Insider senior editor Trae Bodge said. "Parents should take this opportunity to involve their kids in planning and budgeting for back-to-school expenses to teach the difference between wants versus needs."

The survey also found that 83% of the parents spending up to $500 per child use coupons when they shop. Meanwhile, 22% start their BTS shopping in July, but 32% wait until August. Most of parents’ back-to-school budgets are for clothing, which 35% of respondents said would account for most of their spending, while 34% said school supplies would account for at least 30% of spending. More than a quarter said they found BTS shopping routine, including 31% of fathers, and 21% said they found it fun, while 29% found it annoying or stressful; 27% of mothers said they found BTS shopping fun, compared with 13% of fathers, and 15% of fathers found it annoying, compared with 8% of mothers.

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