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Federation pension fund struggles

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.”

Karnit Flug, first female Bank of Israel chief, eyeing economic inequality

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.

Private Bank of California: It’s not just about the money

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.

Relationship advice: Marry young

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).

Five things you may not know about Jews and philanthropy

“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.”

Madonna top-earning celebrity trumping Spielberg, Forbes says

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.

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More news and opinions than at a Shabbat dinner, right in your inbox.

More news and opinions than at a Shabbat dinner, right in your inbox.