The Washington Business Journal has released its annual Power 100 list, a compilation of “the region’s most influential business leaders.” We are proud to share that leaders from fifteen WRAG member organizations are among those named to this list. Our sincere congratulations go to (WBJ, 10/28):
– Rosie Allen-Herring, United Way of the National Capital Area
– Carolyn Berkowitz, Capital One Financial Corp.
– Chet Burrell, CareFirst BlueCross BlueShield
– Wes Bush, Northrop Grumman Corp.
– Mike Harreld, PNC Bank
– Kim Horn, Kaiser Foundation Health Plan of the Mid-Atlantic States Inc.
– Bahija Jalla, MedImmune
– Barbara Krumsiek, Calvert Investments Inc.
– Bill Marriott, Marriott International Inc.
– Robert Musslewhite, The Advisory Board Co.
– Chris Nassetta, Hilton Worldwide
– Joe Rigby, Pepco Holdings Inc.
– Julie Rogers, The Meyer Foundation
– Ralph Shrader, Booz Allen Hamilton Inc.
– Gary Tabach. Deloitte LLP
NONPROFITS | Federal tax forms ask nonprofits whether they have discovered a “significant diversion.” No, that doesn’t mean Queen Elizabeth posing in a bathing suit to distract you while somebody steals your wallet or purse. It means that a nonprofit has lost at least $250,000 or 5 percent of its assets due to fraud.
A special investigation by the Washington Post found that more than 1,000 nonprofits have fallen into this category since 2008. Most of the losses have occurred without much explanation or prosecution – and the amount of money lost is quite shocking (WaPo, 10/27):
The diversions drained hundreds of millions of dollars from institutions that are underwritten by public donations and government funds. Just 10 of the largest disclosures identified by The Post cited combined losses to nonprofit groups and their affiliates that potentially totaled more than a half-billion dollars.
Related: Here’s a searchable list of the nonprofits identified by the Post as having lost money to significant diversions. (WaPo, 10/27)
WORKFORCE | The D.C. Council is considering four different bills on the minimum wage, one of which is part of a regional effort to set the rate at $11.50 an hour. (WaPo, 10/28)
HEALTH/POVERTY | “Poor children had problems regulating their emotions as adults,” The Atlantic says in The Lasting Impacts of Poverty on the Brain (Atlantic, 10/28)
RACE | The State of Women of Color in the United States (CAP, 10/24)
HOUSING | The blog Congress Heights on the Rise has a thought-provoking piece that suggests that, in Ward 8 at least, the focus should be on home ownership and not affordable rental options. (CHOTR via GGW, 10/28)
LOCAL | Remember Henry Docter, the phantom planter who installed flowers at the Dupont Circle Metro station only to have them ripped up by bureaucrats? Well he might have gotten the last laugh with display of comments about his work suspended over the Dupont escalators. (WaPo, 10/28)
SHUTDOWN | This is how I feel adding another story about the shutdown. But here’s one more. The title speaks for itself. D.C. Lost Millions During Shutdown, But True Cost Will Be Known In December (WAMU, 10/28)
Lou Reed, who seemed to be testing the limits of the living for decades, passed away yesterday. And while his death might not be a big surprise, it sure is sad. Here’s one of the all-time great rock and roll songs – Sweet Jane. And for something a little more melancholic, a version of his song Perfect Day with some very special guests.