A retirement plan run by The Jewish Federation of Greater Los Angeles is more than $25 million underfunded, according to financial statements filed in October. The statements say the pension fund, which holds savings for more than 2,000 employees working for eight different Jewish-affiliated organizations, hold assets equivalent to only 76.1 percent of its projected liabilities. Because that number is below 80 percent, the Internal Revenue Service considers the fund in “endangered status” or a “yellow zone.”
The signs of Richard Smith’s success precede him: His 25th-floor office on Santa Monica Boulevard overlooks Los Angeles Country Club’s golf greens to the north and the spread of the city’s business districts to the south.
I know the arguments that people give for delaying marriage: “I’m not ready.” “I need to be financially secure first.” “Right now, I’m preoccupied with ____” (fill in the blank).
The subsidiary of an Israeli company has been selected to design the largest seawater-desalination plant in the Western Hemisphere. Located in northern San Diego County, the plant will be designed and operated by IDE Americas, part of IDE Technologies, headquartered in Kadima.
Tying the knot doesn’t have to be synonymous with fastening a financial anchor around newlywed couples. It just requires great care, sufficient research and attention to detail.
B’nai B’rith International rejected as inaccurate its topping a well-known charity watchdog’s list of “charities in deep financial trouble.”
The main Capitol Hill sport these days (after obsessive coverage of the Petraeus scandal) is how the government can avoid the impending “fiscal cliff.”
At Israeli weddings, gifts of china, silver and art are not welcome. Guests are expected to bring their checkbooks and contribute to a young couple’s purchase of their first home, often bought with substantial help from the newlyweds’ parents.
More than 44 million hacking attempts have been made on Israeli government web sites since Wednesday when Israel began its Gaza air strikes, the government said on Sunday.
You don’t have to build dams to get hydroelectricity from water flowing through municipal pipes, says Dr. Daniel Farb, the Los Angeles immigrant who previously shook up the Israeli clean-tech power scene with his Leviathan Energy company’s award-winning Wind Tulip.
Here’s a dirty little secret in the job-recruiting business: All those Web sites that help employers and potential employees match up don’t really work that well. Despite all the bells and whistles, the automatic résumé builders and the ability to search on keywords for specific skills and expertise, the best way to find the right candidate hasn’t changed much in the last 100 years. Word of mouth is still king, especially when a cash reward is offered.
Secretary of State Hillary Clinton told the Palestinian and Jordanian that Washington is 'looking at every means possible' to alleviate the Palestinian financial crisis.
Israeli Prime Minister Benjamin Netanyahu ordered the transfer of some $63 million to the Palestinian Authority to help ease its economic crisis.
The Palestinian economy is not yet strong enough to support a sovereign state because of its heavy reliance on foreign aid, according to a World Bank report.
The National Jewish Democratic Council, citing peace among Jewish groups, has taken down a petition calling on Republicans not to accept money from Sheldon Adelson.
Mickey Haslavsky of Holon is only 18, but he’s already on his second startup.
Retro lollipops and salt-water taffy have always had a thing for crazy swirls of color, just like Los Angeles. Now one big business is about to serve the City of Angels a whopping rainbow of 7,500 treats from around the world. New York-based Dylan’s Candy Bar, the namesake brainchild of Jewish billionaire fashion mogul Ralph Lauren’s daughter, Dylan, plans to unveil its first local branch in late August.
Former money manager J. Ezra Merkin has agreed to turn over hundreds of millions of dollars to duped investors in Bernard Madoff's Ponzi scheme.
Bark if you love DogTV. The new made-in-Israel U.S. cable channel is scientifically programmed to keep pooches stimulated, happy and comforted when they’re home alone.
In the landscape of American Jewish organizations, The New Israel Fund (NIF) has long occupied a prominent place on the left side of the aisle. Back in 1979, almost three decades before the “pro-Israel, pro-peace” lobby J Street was established, when Peter Beinart was still in elementary school, NIF began supporting Israeli-based non-profits that advanced the Jewish and democratic identity of Israel.
The Chicago City Council urged the city's largest employee pension fund to divest from Iran.
Patricia Alcalay, 24, has been unemployed since she finished her nursing degree in December 2010. Her father lost his job four months ago, a year shy of retirement. Her older sister, who was studying abroad, meanwhile, found work in the Netherlands and is not coming back to Greece anytime soon.
Sheldon Adelson, who with wife Miri, has given more than $15 million to the Newt Gingrich Super PAC Winning Our Future, said Monday he believes Gingrich is “at the end of his line” regarding the race for the Republican presidential nomination.
Top Obama administration officials faced tough questions from lawmakers on funding for the Palestinian Authority and its efforts to seek statehood recognition.
On the day after his op-ed piece appeared in The New York Times of March 14, 2012, Greg Smith, a midlevel executive in the London office of Goldman Sachs had generated 19 million entries on Google. By three days later, that number had risen to 134 million.
Greg Smith was a principled and competitive student, the kind of person whose strong sense of right and wrong probably pushed him to resign from Goldman Sachs in a scathing letter to an international newspaper, his former teacher and coach said.
It feels like spring, but there's little love in the air for Mitt Romney. The GOP frontrunner expected to have his party's nomination sewn up by now so he could focus on sending Barack Obama back to Chicago. But too many Republicans just can't find it in their hearts to embrace the former Massachusetts governor and are still hoping someone will come along who can make them fall in love.
The way one handles one's money is a sensitive barometer of the moral mettle of a person and hence the very first question we are asked.
Whether you’re looking for a new job or are a recent graduate, you might be so thrilled to get a job offer — any offer — that you settle for less than you should. Here are five strategies to get paid what you really want:
There are a number of topics society has told us we aren’t supposed to discuss in mixed company. Religion, for example, has long been a forbidden subject between people of different faiths. Politics is mostly swept under the rug among people of different parties. Money, something that we all have feelings about, has never been a polite conversation piece.
Rebecca Rothstein, a managing director at Morgan Stanley Smith Barney in Beverly Hills, focuses on helping high net worth and ultra-high net worth investors with estate, tax and financial planning. But she hasn’t always been a Barron’s top 100 financial advisor. A high-school dropout who went on to get her GED and an associate’s degree in design and merchandising, Rothstein started out as a buyer for the Robinson’s department store chain but left the job because it required too much time on the road away from her four young sons.
It’s not easy being a political conservative in the most liberal of Jewish religious denominations.
Police in riot gear held back on clearing out anti-Wall Street protesters who defied a deadline to abandon their 8-week-old encampment outside Los Angeles City Hall on Monday but opened streets for morning commuters before pulling back.
Two years ago, I did a series of interviews with Jewish community members hit hard by the recession. At that time, they were mostly optimistic that things would turn around soon, but when I checked back this month, I found that they’re all still struggling to find their footing in this unstable job market. Social service agencies I contacted say this is not surprising.
Warren E. Buffett is the second-richest person in the United States (after Microsoft’s Bill Gates), so when he purchased an Israeli-based stock not long ago, investors throughout the world sat up and took notice. What made it more newsworthy is that it was Buffett’s first major foray into overseas investing. Up to that point, he said he could always find good stocks here at home.
Israel Bonds, which many synagogues pitch during the High Holidays, can now be purchased online.
Israel ranks 83rd in the world in economic freedom, down two spots from last year, according to a new report.
At the dawn of the 20th century, the British royals were privy to a spiffy new system for infusing drinking water with carbon dioxide bubbles. It would take 53 years for SodaStream to reach commoners, and another 42 until it was acquired by an Israeli distributor and transformed into an international DIY product called Soda Club.
Moses may have brought the Ten Commandments down from Mount Sinai, but he only gave the Israelites one copy — and those stone tablets weren’t easy to lug around.
So your good deal has gone bad. Perhaps your house is underwater. Maybe that great job, with the promise of valuable stock options, not only has not produced options “in the money,” but has itself disappeared. It could be that your business, once lucrative and full of promise, has gone south, and now you are not sure how to extricate yourself from it, particularly since your partners are your parents. It’s possible you are regretting withdrawing retirement savings to invest in the next sure bet, as “guaranteed” by your (perhaps now former) best friend. What do you do now?
As a loyal Jewish Democrat and longtime advocate of social justice, she never thought she would find herself fighting Jerry Brown, a man she voted for three times for governor. Yet the 94-year-old is suddenly on the wrong side of Brown’s proposed budget cuts that would slash state spending by $12.5 billion, ripping a hole in numerous social service programs and eliminating others entirely.
The Middle East, with its exotic tropical sirocco winds, is also now the haven and leader of a new form of finance that is enticing the world with the alluring scent of its petrodollars. Substantial profits are to be made, and gold plated Bentleys, mansions on the Palm Jumerah Island, and golf courses designed by Tiger Woods only add to the mystique behind the veils. However, more than Dubailand and dreams of riches lurk behind the Islamic ideologues who invented the concept of Islamic Finance, and they are ones who are promoting this form of "interest-free, Muslim friendly, ethical investment" worldwide.
Israeli economic growth unexpectedly accelerated to its fastest pace in more than two years.
Most brides want beauty and romance during their wedding -- an expression of their love in the form of a grandiose ceremony. But for many couples, a lavish wedding would require a major financial sacrifice at time when few can afford to do so.
Israel's Finance Ministry is proposing substantial cuts to Ethiopian immigration next year.
American Jewish leaders who created the United Jewish Communities (UJC) umbrella organization out of three separate ones in 1999 are largely frustrated and disappointed by the outcome of their labor, with some scoring the missed chance to form a truly representative and forward-looking voice for American Jewry.
In a stunning reversal, the Ford Foundation has admitted it erred in funding anti-Israeli Palestinian groups and has vowed to establish tough new guidelines to stop its funds from being used for anti-Semitic action anywhere in the world.
The foundation said it was "disgusted" by anti-Israel and anti-Semitic agitation action taken at the 2001 U.N. Conference Against Racism in Durban, South Africa, which the foundation helped finance.
"We now recognize that we did not have a clear picture of the activities, organizations and people involved," conceded foundation President Susan Berresford in a letter this month to U.S. Rep. Jerrold Nadler (D-N.Y.).
We live in the age of full disclosure. In this era of creepy stalkers, emotional maniacs and frightening venereal diseases, you can't be too careful, so singles have learned to utilize romantic phrases such as, "Have you been tested for AIDS lately?" as casually as one used to suggest, "Shall I pick you up at 8?"
The Jewish Community Centers of Greater Los Angeles (JCCGLA), which last year nearly drowned amid a sea of red ink and allegations of mismanagement, wants to get out of the business of running major community centers after 60 years.
Investment banker Adlai Wertman was fed up with Wall Street -- so he moved to Los Angeles, took an 85 percent pay cut and got a job on Skid Row. Two years later, he says he's never been happier.
The $114 million opening weekend for the release of "Spider-Man" on May 3 was not only a box office record breaker but a resounding triumph for two wily Israeli entrepreneurs.
The jury is still out on how the Senate's campaign finance reform bill would change the political influence of the Jewish community, but experts believe Jewish interests will remain well represented no matter what happens.
You're rich. You're eyeing that million-dollar dream house. Is now a good time to buy it?
Though Israel boasts a burgeoning high-tech industry and a predominantly Net-savvy populace, many of the country's charedim (ultra-Orthodox Jews) view technology, especially the World Wide Web, as something of a mixed blessing. Sure, many charedim support their families by writing code, and several sites such as asktherabbi.com help Diaspora Jews answer questions about Jewish law, but earlier this year the Council of Torah Sages banned the Internet from its followers' homes. In a harshly worded edict, the panel of Talmudic scholars that represents the majority of charedi sects branded the Internet a "terrible danger" that's "1,000 times" more hazardous than television (which was cast out of ultra-Orthodox homes about 30 years ago). Some sects even declared personal computers in the home off-limits.
It's one of the longest-standing and most futile complaints in synagogue life: Why are they always schnorring for money?
With images of violence in the West Bank and Gaza Strip flashing across television screens around the world, it did not take long for Israel's tourism industry to start feeling the pinch.
If you're looking to move into a new home in Los Angeles, good luck. Last month, the median sale price for an L.A. home jumped 10 percent to $213,000, setting an all-time record for L.A. County.
Unemployment hit a 30-year low in April and the economy is, if not booming, at least bouncing. So why is it that so many synagogues, even in wealthy areas, are struggling? Perhaps it is because members fail to understand that dues only go so far, according to Sylvia Moskovitz, executive director at Temple Aliyah in Woodland Hills.