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Charities Already Feeling the Pinch of the Economic Downturn (The New York Observer)
The Wall Street Journal reports that many of the big names usually associated with the tops of donor lists and newly dedicated museum wings are cutting back on their charitable donations this year--including the Bill & Melinda Gates Foundation, David Koch of manufacturing giant Koch Industries, casino magnate Sheldon Adelson , and former AIG head Maurice "Hank" Greenberg . According ...
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Big players scale back charitable donations (The Tennessean)
The pipeline from corporate America to the nation's charities is starting to dry up as losses in the stock market mount and the U.S. recession deepens. With many large organizations depending on corporate largesse, their futures are suddenly uncertain.
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Briefs: Secular candidate new Jerusalem mayor, Netanyahu would nix talks (The Jewish Journal of Greater Los Angeles)
Secular businessman Nir Barkat appeared to be the new mayor of Jerusalem, according to exit polls. Channel 1 TV showed Barkat with 50 percent of the vote Tuesday to 42 percent for Rabbi Meir Porush, an ultra-Orthodox Knesset member.
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Extra Credit, Wednesday Edition (Portfolio.com via Yahoo! Finance)
Family Foresight Hall of Shame: Sheldon Adelson: "He put an empire of over $30 billion at the mercy of a single 12-month earnings covenant in a single credit agreement, with almost no margin of safety.
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Las Vegas Sands asks for S'pore casino to open in stages (Business Times (Malaysia))
SINGAPORE: Las Vegas Sands, squeezed by a global credit crunch, has asked to open its Singapore casino complex in stages instead of in one go at the end of next year, the city-state’s government said yesterday.
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Billionaire Hotelier Honors U.S. Vets In Vegas (CBS 2 Los Angeles)
Hotelier Sheldon Adelson is on a mission to make veterans a priority again.
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Birthright’s budget for next year slashed by $35 million (J. the Jewish News Weekly of Northern California)
Birthright Israel is cutting its budget by $35 million for 2009. Birthright, which sends Jews between the ages of 18 and 26 on free 10-day trips to Israel, had a budget of $110 million in the fiscal year that just ended, enabling the organization to send some 42,000 people to Israel.
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The 2008 Forward 50 Picks "Rahmbo," Obama's New Chief, Edgy Comedian and Olympic Swimmer Dara Torres (Marketwire via Yahoo! Finance)
The Forward, American Jewry's most influential Jewish newspaper, today announced its annual and much-anticipated "FORWARD 50" list which provides a snapshot of the important Jewish stories of the year, and the people who made those stories.
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Yisrael Hayom not in danger, says source (Haaretz Daily)
Sheldon Adelson is in talks with officials in Singapore and with banks in Hong Kong and Macao as mounting cash-flow difficulties at Las Vegas Sands threaten to torpedo $16 billion worth of casino projects in Asia - and possibly the very existence of his gambling empire.
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