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…)
Jewish Insider Daily Kickoff – Nov. 7
Driving the Day – Geneva2 Iran talks expected to get underway with Zariff-Ashton breakfast at 8am, followed by 11am plenary – (via @lrozen)
West Close to Temporary Nuclear Deal With Iran, Official Says: “On the eve of a new round of talks between world powers and Iran, a senior Obama administration official said Wednesday that the United States was prepared to offer Iran limited relief from economic sanctions if Tehran agreed to halt its nuclear program and reversed part of it. The official said that suspending Iran’s nuclear efforts, perhaps for six months, would give negotiators time to pursue a comprehensive agreement.
–“Put simply, what we’re looking for now is a first phase, a first step, an initial understanding that stops Iran’s nuclear program from moving forward for the first time in decades and that potentially rolls part of it back,” the administration official told reporters on the condition of anonymity because of diplomatic concerns. The official said that the details of such a step had already been discussed by international and Iranian officials and suggested that it might be agreed on as early as this week. It would likely include constraints on the level of Iran’s uranium enrichment, the country’s stockpiles of nuclear material and the abilities of its nuclear facilities, added the official, who declined to provide further details. It would also involve verification measures.” [NYTimes] (more…)