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.”
Andromeda Hill is a beachfront complex of luxury apartments connected by tree-lined pathways that features such amenities as a spa and business center. Five minutes down the road is Ajami, a low-income neighborhood profiled in the 2009 film of the same name that remains one of this city’s poorer districts.
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.
“People did not want to ascribe their Jewish values to giving,” said Lisa Farber Miller of the Rose Community Foundation, who observed the discussion of a focus group of donors in Denver, one of eight conducted as part of “Connected to Give.” “Their Jewish connections clearly made a difference, but they were really talking about how their family traditions, their grandmothers, their family members really influenced their giving.”
She's still the Material Girl. Pop diva Madonna 55, is the world's top-earning celebrity, according to a Forbes list released on Monday, raking in an estimated $125 million in the past year, mainly from her $305 million-grossing MDNA tour, but helped by sales of clothing, fragrance and various investments.
Ask Rabbi Steven Z. Leder what the mission of Wilshire Boulevard Temple is, and he’ll tell you, “We make Jews.” The temple started making Jews two centuries ago, in 1862, when the country stood divided, engaged in Civil War, with Abraham Lincoln as the president of the United States.
Israel’s Knesset approved the first reading of the 2013-14 state budget, which has been touted as closing socio-economic gaps in the country.
The Knesset passed a measure barring illegal migrants from sending money out of Israel and limiting how much they can take when they leave.
Jewish groups are joining the effort to help those displaced by the tornado in suburban Oklahoma City.
In a crummy economy, people are always looking for good investments — a promising stock, a real estate opportunity, a star mutual fund. It’s really not that different in the “mitzvah economy”— donors and do-gooders are also looking to squeeze the maximum amount of goodness out of every charity investment.
Stanley Fischer is stepping down from his position as governor of the Bank of Israel.
Ofek Lavian has two passions: business and Israel, his native land. What he felt that he was missing when he went to college at the University of Southern California was an opportunity to learn about his home country while interacting with people who shared his same interests in it.
Israeli markets rose on Wednesday on investor hopes that the outcome of the previous day's election means Benjamin Netanyahu will remain prime minister and ultra-Orthodox parties have no role in government.
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.
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.
In the battle for Jewish votes this November, both parties acknowledge the other’s advantage: Republicans have the money and Democrats have the history.
The Obama administration is close to a deal with Egypt's new government for $1 billion in debt relief, a senior U.S. official said on Monday, as Washington seeks to help Cairo shore up its ailing economy in the aftermath of its pro-democracy uprising.
The Claims Conference accused Hungary's government of "depriving" Holocaust survivors through "disgraceful" and "deceitful tactics."
The British bank Standard Chartered has agreed to pay New York’s top banking regulator $340 million for covering up transactions with Iran in order to gain fees.
It’s not unusual for elementary school students at Sinai Akiba Academy to walk into class and be greeted with the following message: “Dear scientists, today we’re going to look at our mealworms under the microscopes.”
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.
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.
Paying for the upkeep of the Gaza Strip while its political rival actively blocks revenues flowing back is taking its toll on the deficit-racked Palestinian Authority.
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.
Iran paid the Islamist group Hamas to block a deal with the rival Fatah movement that would have ended a five-year rift between the two main Palestinian factions, a Fatah spokesman said on Tuesday.
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.
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.
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.
Mega-millionaire Stanley A. Dashew, 95, has some words of wisdom for anyone trying to make it in today's tough economy: You can do it. It's no secret, he says. In fact, it's the title of the book, "You Can Do It!: Inspiration & Lessons From an Inventor, Entrepreneur, & Sailor," written with Josef S. Klus.
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.
A majority of Americans would support U.S. military action against Iran if there were evidence that Tehran is building nuclear weapons, even if such action led to higher gasoline prices, a Reuters/Ipsos poll showed on Tuesday.
Oracle founder Larry Ellison is top ranked among Jewish individuals, appearing sixth on the Forbes magazine’s annual list of world billionaires, with $36 billion.
The U.S. Treasury Department is investigating speaking fees allegedly paid to former Pennsylvania Gov. Ed Rendell on behalf of a State Department-designated terrorist organization.
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.
Ukrainian Jewish leader and real estate mogul Alexander L. Levin came to New York last week to launch the latest international Jewish organization with a grandiose name. Called the World Forum for Russian Jewry, this one aims to harness the power of Russian-speaking Jews the world over.
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.
The Palestinian Authority will have to raise income tax and cut costs in 2012 to counter lower-than-expected foreign aid donations, Prime Minister Salam Fayyad has said.
The father of pop star Katy Perry, a preacher at an Ohio church, ranted against Jews during a sermon.
What do you do when you run out of money? When you’re about to be evicted from your home, or having trouble feeding your kids, or simply can’t afford the basic necessities of life? What happens, also, when you can’t afford certain things you consider crucial — like sending your children to a Jewish day school?
Every year around Christmas and Chanukah time, writers, commentators, pundits and many rabbis, priests and ministers exhort Americans against spending money on things. We are too materialistic, we are told every year. Happiness, not to mention a meaningful life, depends on our having non-material things, not material things.
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.
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.
The Obama administration is lobbying Congress to unblock $200 million in aid for the Palestinian Authority that was frozen due to its bid for U.N. recognition of statehood over U.S. and Israeli objections.