Anxiety is building at Modern Orthodoxy’s flagship institution, Yeshiva University, as rumors swirl of looming cuts to address a financial crisis. Y.U.’s official student newspaper, the Commentator, reported November 20 that the school’s president, Richard Joel, “may announce mandatory furloughs to Y.U. employees” pending an emergency meeting of the University’s board of directors. School officials…
Everyone’s heard of derivatives, options and futures, but the details of how they might save or destroy civilization are so daunting that the simple facts get lost. Let’s get down to business: A derivative is a financial security (tradable itself) whose value is based on that of an underlying asset. In other words, instead of…
From call options to put options, forwards to futures, we break derivatives down and answer all the questions you were afraid to ask. Derivatives: financial securities whose value is based on, or derived from, that of an underlying asset. That asset could be money, bonds or agricultural produce — or anything. Derivatives can be used…
(Haaretz) — Looking for your loved one’s headstone? Shelly Furman Asa has created a Google Street View for cemeteries. Ido Kenan: What are you looking for in cemeteries? Shelly Furman Asa There are many things that have been done in connection with the commemoration of soldiers, Holocaust victims and so on. But we don’t have simple…
Sylvia Porter: America’s Original Personal Finance Columnist By Tracy Lucht Syracuse University Press, 230 pages, $24.95 The reveal came on July 20, 1942, when the New York Post’s popular financial column ran under the name of Sylvia Porter. Since starting at the Post seven years earlier, the columnist had hidden behind the gender-ambiguous byline S.F….
The race for control of one of Israel’s biggest conglomerates, Nochi Dankner’s IDB group, took some dramatic turns Sunday as the deadline for offers expired. Neil Bush, brother of former U.S President George W. Bush, dropped out of the running, the Danker group added a new partner and the Argentinian businessman Eduardo Elsztain raised his…
For the third time in two years, Moody’s, the credit ratings service, has downgraded Yeshiva University’s debt, citing the school’s deep operating deficits, weak cash flow and uncertainty about a pending $380 million lawsuit filed against it. Just a few years ago, Moody’s gave Y.U. a healthy Aa3 credit rating. Moody’s latest report, released October…
With the population of retiring baby boomers growing, the Forward reached out to someone in the belly of the beast: a financial manager in Florida. After all, the image of Jews retiring to Florida is so ubiquitous that it’s been fodder for more books, TV shows and movie scenes than one can immediately recollect, from…
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