Don’t cut support to innovative nonprofits
Our major institutions are struggling to adjust, react, prepare but most of all to respond to those most harmed
Our major institutions are struggling to adjust, react, prepare but most of all to respond to those most harmed
Have tough economic times forced you to scale back your child\’s bar or bat mitzvah party plans? With your 401(k) down, is the ice sculpture out? Is your resetting ARM making you reconsider that 18-piece orchestra?
Perhaps now, as Alan Greenspan walks off into the night, a pathetic has-been idolator, we will be empowered to see justice and righteousness as the principles on which to ground our economy.
The media is full of sad-sack accounts of billionaires who, having lost 20 percent of their net worth overnight, are down to their last 9 billion. Some of these men have the gall to say they will have to reduce their charitable commitments.
Wall Street\’s problem, in the president\’s mind, is not a systemic pathology, not an illness that comes on the same chromosome as the profit motive. Instead, it\’s the behavior of a frat boy on a bender, the reckless phase of a good-time Charlie rather than the symptom of profound disease.
According to a survey taken in late September by the private wealth research firm, Prince & Associates, the cuts have arrived. Fifty-one percent said they planned on giving less next year than they did this past year — and only 16 percent said they planned on giving more.
If only those nasty money changers and culture vultures in the seething cities below would just let them sow their wheat and do their books and raise their children up good.
Will the crisis on Wall Street, where so many Jews work, spur hostility toward Jews? Some Jews certainly seem anxious about it.
But there\’s also a less benign explanation for the media\’s negligence, and it\’s captured by something President Andrew Jackson said nearly two centuries ago: \”If the people only understood the rank injustice of our money and banking system, there would be a revolution before morning.\”