The World Bank called on donors to act “urgently” to prevent a “deepening fiscal crisis” in the Palestinian territories.
A flood of money brought in by prominent national political action committees has become the norm in this year’s U.S. Senate race in Ohio, which pits first-term incumbent Sherrod Brown, a Democrat, against Republican Josh Mandel, the state treasurer and a Jewish Iraq war veteran.
The Jewish Agency for Israel’s Fund for the Victims of Terror will provide financial assistance to Israelis wounded in the attack in Bulgaria and to the families of those killed. The assistance, made possible by a contribution from The Jewish Federations of North America (JFNA), is meant to help those affected by the attack address supplemental needs not covered by Israeli government bodies. Any family that experienced the loss or injury of a loved one in the attack may request assistance from the fund.
The Palestinian Authority is facing its “worst financial crisis” yet, according to a PA official, because of a foreign aid shortfall and the rejection of a $100 million loan by the International Monetary Fund.
The Claims Conference is tripling its aid to Greece’s Holocaust survivors in light of the country's economic crisis and funding an education program on anti-Semitism due to the recent rise of a neo-Nazi party.
Grandpa’s fixed pension, that sweet and steady stream of income that started on the day he retired, is nearing extinction. Most Americans today will retire not on company checks, but on personal savings and Social Security. With interest rates low, the stock market jumpy and Congress pinching pennies, it is no surprise that 87 percent of Americans, according to one recent survey, worry about running out of money.
Violent unrest in Egypt threatens to accelerate the country's slide toward a currency crisis, forcing a sharp depreciation of the Egyptian pound in coming months and conceivably prompting Cairo to impose capital controls.
I've never been more concerned about the victims of domestic violence than I am right now. Families already buckling under the weight of domestic violence in the best of times can collapse in times of economic downturn and war.
While waiting for Ronnie outside the restaurant, and watching the handsome Israeli valet boys handle their customers with a pseudo-IDF smile, I could not but think to myself, "Geez, Israel has come a long way in 60 years. Shouldn't more Jews enjoy this jewel, especially now?"
There is a financial strategy that allows you to help Israel -- and yourself. It can provide you or your loved ones with increased income for life, reduce your current tax burden and help you meet a variety of estate planning and personal goals -- all while leaving a lasting legacy.
The Valley Cities Jewish Community Center received a new lease on life late last week when its parent organization agreed in principle to sell the center property to a local partnership that will keep the JCC going. Without the agreement, the center could have shut down at the end of June, probably for good.
The parent organization, which is called the Jewish Community Centers of Greater Los Angeles, said it would accept a $2.7 million bid for the Sherman Oaks property.
The condition for this "discounted" price was that any developer must also agree to renovate the JCC building or construct a new facility, insiders said. Four developers are believed to have expressed interest in putting senior housing and a state-of-the-art JCC on the land. A formal purchase offer could materialize by the end of July.
Several sources close to the deal declined comment because of ongoing negotiations.
If you study the state budgets over the last few years as I have, you would see that we have had a deficit at the end of each year that keeps getting larger each and every year. Even when revenues were perceived to be at a peak, we were outspending those revenues. The state budget began each year in the hole that just got deeper as the months went by.
But like many members of the middle class, the busy professional -- who declined to give his name for this article -- suffered a major financial blow as the economy faltered. Over a year ago, an import-export firm for which he subcontracted failed to pay him a $65,000 commission.
Suddenly, his financial security evaporated, and he quickly fell behind in his children's tuition payments. His marriage grew strained. Nights were sometimes sleepless.
It may have been a bittersweet Flag Day for Bay Cities Jewish Community Center, but spirits were not flagging at its June 14 pre-kindergarten graduation -- the center's last.
The case exposes a danger for nonprofit organizations like synagogues, which may rely on volunteer lay leadership for much of their financial management and oversight.
About 160 members turned up at Westside Jewish Community Center's Birch Auditorium last Sunday in an effort to keep their center from closing down.
Shock. Disbelief. Disappointment. Frustration. Anger. Cynicism. Sadness. All were in large supply among supporters of the Jewish Community Centers of Greater Los Angeles (JCCGLA) during a round of public meetings held this week to break the news of the JCC financial crisis.
The financial crisis facing Jewish Community Center (JCC) programs and locations this week will come as an awful shock to tens of thousands of area Jews, and it should (see story, page 14).
JCC officials and Federation lay leaders and staff stress there is no cause for panic. They believe they can work out a way to save the majority of JCC programs and locations. (The Federation is the largest donor to the JCC system.) But there is no question that without immediate community response, the JCC system faces severe cutbacks.
During the early years of the 20th century, a jour-nalist, Lincoln Steffens, published a series of exposés that were eventually turned into the book "The Shame of the Cities." It was a sensational work of non-fiction, but it was also quite depressing. Steffens uncovered corruption from the top on down in one city after another across America. It was a portrait of how American democracy was not working, and it did not inspire much confidence in our urban future.
The mayor, the judges, the police, the city's
When a 30-something British financial investment manager took a few years off to study Jewish texts in Israel, he was struck by the differences between the financial and Jewish communal worlds.