The bottom line just keeps getting uglier for cash-strapped Yeshiva University. The flagship Modern Orthodox school ran an operating deficit of $84 million in fiscal year 2014, according to its latest audited financial statements. That’s the seventh year in a row that Y.U. has run an enormous operating deficit and even worse than the $64…
Yeshiva University has shed the burden of its prestigious but money-losing medical school, the Albert Einstein College of Medicine, amid a financial crisis that has drained $90 million — or 8% — of its endowment in the past year, The university still faces grim financial challenges, as well as the task of reassuring a faculty…
A culture of high risk-taking among Yeshiva University trustees resulted in Y.U.’s investment portfolio losing more than $500 million in the 2008 financial crisis, according to a two-year investigation by TakePart in association with The Jewish Channel. The investigation also found that since the crisis, Y.U. has spent down reserves and borrowed heavily even as…
Something drastic is happening at Yeshiva University. Financial data reviewed by the Forward indicates that Y.U.’s long-running fiscal crisis has taken a more dramatic turn than at any time in its recent history. This past spring, there were signals that the half-decade of economic free fall at Y.U. was finally easing. The board gave raises…
A pregnant Darfuri woman at a refugee camp in Chad, a Latino senior citizen living below the poverty line in the Bronx and an elderly Jewish immigrant from the former Soviet Union living in Boston. They may not know it, but these individuals are all beneficiaries of programs run by Jewish organizations with public money….
With Chuck Hagel’s nomination as Secretary of Defense heading for tough confirmation hearings, the most explosive charge against the former Nebraska is that he displayed anti-Semitism in his relationship with Jews in his home state. Former deputy national security adviser Elliott Abrams has sought to make Hagel’s supposed “problem with the Jews” a centerpiece of…
Chuck Hagel, President Barack Obama’s pick to become the next U.S. defense secretary, has begun calling critics in the Senate in an attempt to clarify his views about how to deal with Iran, Hezbollah and Hamas before his upcoming nomination hearing. The decorated Vietnam veteran’s Republican credentials have done little to rally support with his…
Hawkish groups that sought to pre-emptively sink Chuck Hagel’s candidacy for secretary of defense may have been trying to teach President Obama and his supporters a lesson — but it seems they’re the ones who may look back at this episode as a cautionary tale. “You don’t want to wound the king,” Joseph Cirincione, president…
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