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: The Jewish Angle of Ken Vogel’s ‘Big Money’ Book; Clinton writes about Alan Gross in memoir; BuzzFeed on U.S.-Hamas back channel talks
By Jacob Kornbluh & JI Staff
FIRST LOOK: Ken Vogel’s New Book – ‘Big Money; 2.5 Billion Dollars, One Suspicious Vehicle, and a Pimp—on the trail of Ultra-Rich Hijacking American Politics’: “The main quote in Politico reporter Ken Vogel‘s new book is from Mark Hanna, an early political fundraiser who was famously quoted as saying: “There are two things that are important in politics. The first is money, and I can’t remember what the second one is.” Vogel’s theme throughout the book is “Forget the 1 Percent. Only a tiny elite really matter in big money politics.” It just so happens that the “tiny elite” includes a significant amount of Jewish donors on both sides of the aisle. Jeffrey Katzenberg, George Soros, and Haim Saban on the left. Sheldon Adelson, Paul Singer, and Steve Wynn on the right. (more…)
