A former Legal Services attorney, California Congressman Xavier Becerra is the only Latino on the House of Representatives Ways and Means Committee. But it is his distinctive voice and perspective, not his ethnicity, that has vaulted him to a position of visibility on issues of charity and philanthropy. The Ways and Means Committee is the
Poor Angelo Mozilo’s Countrywide Financial Corporation has had to sell everything, including the proverbial kitchen sink, to the Bank of America for $4 billion, $20 billion less than its estimated value only a year earlier. The woes of the nation’s largest subprime mortgage lender have helped destabilize the homeownership futures of millions of families facing
The subtext of film The Great Debaters was the dual life of the character played by Denzel Washington, by day a professor at Wiley College in Texas coaching the debate team, by night an organizer for the Southern Tenant Farmers Union, established during the Great Depression to help black—and white—farmers.
As this piece is being written, the Dow has dropped from a high of more than 14,000 in July of 2007 to the current low of roughly 12,600 in anticipation of a recession. The nation’s subprime mortgage industry collapse, epitomized by the bargain basement acquisition of the nation’s largest subprime lender, Countrywide, by Bank of
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A rogue decision from the Minnesota Supreme Court may be the latest salvo to undermine nonprofit property tax exemptions. In Under the Rainbow Child Care Center v. Goodhue County, the justices decided that “(a)n organization that does not provide goods or services free or at considerably reduced rates as a substantial, not just an incidental,
Trivia question: Who did Barack Obama beat in his 2004 campaign for the U.S. Senate seat from Illinois? Answer: A former ambassador to the United Nations under the Reagan administration, a two-time candidate for the U.S. Senate from Maryland (he lives in Montgomery County, abutting the northern boundary of the District of Columbia), and an
It’s nice to see that Maurice “Hank” Greenberg hasn’t overlooked the latent powers of Securities and Exchange Commission (SEC) regulations. It was an SEC investigation, plus a look-see by then– New York State Attorney General Eliot Spitzer, that prompted American International Group (AIG) to ease Greenberg out of the firm’s top slot. And now word
Welcome to our first e-newsletter! This month’s newsletter gives you a sneak preview of the upcoming July issue that explores the identity of the nonprofit sector, its relationship to business and government and the implications for realizing your mission. Click through to Paul Light’s article and let us know what you think makes the nonprofit
We are receiving a tremendous response to the conversation started in last month’s e-newsletter on the theme of generating our own language to define performance rather than defaulting to business and government to do it for us. To add to that conversation the articles in this issue can assist you in developing a framework