Daily Kickoff: Day 6 in search for kidnapped boys | How Yeshiva University Lost $1B | US, Iran close to a deal? | NY Mistrial – No Yiddish Translation

By Jacob Kornbluh & JI Staff

DEEP DIVE: “How To Lose $1 Billion: Yeshiva University Blows Its Future on Loser Hedge Funds” by Steven I. Weiss in TakePart: “What they couldn’t have known… a decade ago was that the real danger in Yeshiva’s new leadership was not to the school’s spiritual welfare but to its very existence. Over the years to come, the new leadership at Yeshiva would ramp up risk in the school’s investment portfolio, vastly increase spending, and do little to insure against a rainy day. When rainy days did arrive, with the global financial meltdown of 2008, Yeshiva was heavily exposed. Today, its finances are overwhelmed by a sea of red ink. According to a recent announcement by credit ratings agency Moody’s, the school will run out of cash next year. (more…)

Daily Kickoff: US & Iran to team up on Iraq; Scott Walker Eyes 2016 As He Visits Lakewood, NJ; Moise Safra Passed Away at 79; Top 20 Israeli StartUps

By Jacob Kornbluh & JI Staff

DRIVING THE DAY: For the first time in over a year, Israeli PM Netanyahu and Palestinian President Mahmoud Abbas spoke together on the phone today: The call was initiated by Abbas who condemned both the kidnapping of three Israeli boys and the series of “Israeli violations” – a reference to Israeli military raids and arrests in the West Bank since the boys disappeared on Thursday. [Reuters] — Since Saturday, 150 people have been taken into custody as the search for the boys continues [JPost] — Kerry Points Finger at Hamas in Israelis’ kidnapping [JTA] — BuzzFeed: Who Was Behind The Kidnapping Of Three Israeli Teens, And Why Are They So Hard To Find? [BuzzFeed] — At 11:30am, PM Netanyahu will hold a meeting at the IDF central command in Jerusalem and give a statement to the press.  (more…)