New list brings home impact of the Madoff scandal [News, 2.6]


MADOFF
List Brings Home Impact of Madoff Scandal (WaPo, 2/6) – “In the Washington region, there were 247 names of individuals, estates, businesses, partnerships, foundations and nonprofit organizations,” including “one of the region’s largest Jewish family foundations, the Charles I. and Mary Kaplan Foundation,” which in 2006, “had $29.2 million of its $30.1 million endowment invested with Madoff.”

EARLY CARE
“Six area nonprofits get $50,000 grants” (Examiner, 2/5) – WG member Craig Pascal, PNC Bank vice president: “Investments such as these are a win-win for the community.”

ECONOMY
Jobless rate jumps to 7.6 percent, 598K jobs lost – “further proof that the nation’s job climate is deteriorating at an alarming clip with no end in sight” (AP, 2/6). On the bright side, unemployment in D.C. area second-lowest” (Examiner, 2/4) … but the overall rate doesn’t help you much if you’re the one holding the pink slip.

ARTS
Why the arts matter (SFGate, 2/3) – “It’s the economy, stupid.” (And much, much more.)

DC VOTE
George Will writes an entire column about DC Voting Rights without mentioning the actual Americans who would just like a vote in Congress. I mean, he almost had me convinced. (WaPo, 2/5)

HEALTH
Despite economic woes in [Maryland], Gov. Martin O’Malley is pushing forward with a health care reform package that is supposed to leave no impact on the budget. (WBAL-TV, 2/5)

EDUCATION
Holy regional AP score disparity, Batman (Examiner, 2/5)

PEOPLE
Interview: Kelley Ellsworth, executive director of local socialprofit Byte Back (Examiner, 2/5)

PHILANTHROPY
Foundation Funding Grew for Most Major Fields, Foundation Center Report Finds (2/5)

And finally, this article made my skin crawl. (Snakes. Why did it have to be snakes?) Have a wonderful weekend, everyone. It’s a high of 62 degrees, don’t spend it inside!

– Nick

2 thoughts on “New list brings home impact of the Madoff scandal [News, 2.6]”

  1. I know the DC Vote campaign is dear to the hearts of WG members. As a quasi-outsider (born and educated in DC, but living with a vote in Montgomery County), I find the debate fascinating without having the same stake in it as DC residents.

    To me, the most interesting part is the clash of emotion and law – exemplified by your response to George Will’s column. You say, “Americans…would just like a vote” and Will says that the law doesn’t always provide for what we’d “like.”

  2. > the law doesn’t always provide for what we’d “like.”

    Indeed. The Constitution used to say only white male property owners over 21 could vote. But equal rights and common sense have usually found a way to prevail, and I think they probably will again here.

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