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My Generosity Experiment
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Tag Archives: economic downturn
The other 690
Last week when speaking on the “Creating Private Capital Markets” Panel at the Harvard Social Enterprise Conference, I noted that one of the big opportunities for Acumen Fund and other organizations in our sector is to capitalize on a huge … Continue reading
The bar is rising
The more people I talk to who have recently lost their jobs, the more I see how challenging it will be to find new, meaningful work in the current economy. The good news is that this won’t last forever, and … Continue reading
The psychology of real
Today I was talking about the economy with someone who I respect a lot. She said that we still don’t know how much of what’s going on in the economy is real and how much is psychology. I respectfully disagreed. … Continue reading
Buddy, can you spare a Banker?
A friend in finance pointed out to me today that there are probably “more than 100,000″ newly-unemployed bankers (including investment banks, hedge funds, private equity) in New York City right now, trying to figure out what comes next. This is … Continue reading
Another data point: Merrill Lynch
If you’re curious about exactly how out-of-whack incentive pay (bonuses) got in recent years on Wall Street, check out this recent NYTimes article called, “The Reckoning: On Wall Street, Bonuses, Not Profits, Were Real”, especially this tidbit that gives an … Continue reading
Smile in the face of Madoff
It’s really struck me in a new way this week how serious this financial crisis is. Maybe it’s just the other shoe dropping on this new reality; or maybe it’s because, on top of everything , the former chairman of … Continue reading
Is Generosity a Luxury Good?
A “luxury” good is something you consume more of as you have more money (economists call them “superior” goods, a subset of “normal” goods). For example, as people get wealthier, they spend proportionally more on Tiffany rings, Hermes scarves and … Continue reading
Alert the press!! Weingart Foundation breaks new ground
If I were writing for the NY Observer or some other similarly sensationalist newspaper, I’d write a headline that says: “Nation Stunned: LA-based Weingart Foundation Places Trust in Nonprofit Grantees” This is absolutely, positively not meant to be a dig … Continue reading
Posted in non-profits, philanthropy
Tagged economic downturn, giving, philanthropy, Raising Capital
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What’s the right career move in the midst of an economic meltdown?
Take a chance. Really, things are bad in the economy anyway. It’s a hard time to get a job. Why not take a stab at that wild idea you’re hoping to get to…someday? Not long ago I was invited to … Continue reading
