Archive for July 10th, 2009

Senators Consider Curtailing Hospitals’ Tax Breaks

Friday, July 10th, 2009

Senators working on health-care legislation are considering provisions to pare back the billions of dollars in tax breaks enjoyed by U.S. hospitals.  More than half of the 5,482 hospitals in the U.S. are nonprofits that don’t pay federal, state or local taxes, according to the American Hospital Directory.

To continue reading the rest of the article, please follow the link to the Wall Street Journal page.

Detroit’s Food Banks Strain to Serve Middle Class

Friday, July 10th, 2009

food bank

Battered by massive layoffs, home foreclosures and nearly a decade of economic decline, more residents of Detroit’s middle-class suburbs are having a tough time putting food on the table.  State agencies and nonprofit groups that serve the poor in southeast Michigan say they are seeing an unprecedented rise in demand for food assistance across the region. They point to a pronounced increase in those seeking aid for the first time, often families unaccustomed to depending on food-aid programs.

To continue reading this article please see the Wall Street Journal Page.

Failure of a Fail-Safe Strategy Sends Investors Scrambling

Friday, July 10th, 2009

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Carl Mahler stood before a group of fellow financial advisers recently and voiced frustration and fear that a fundamental tenet of investing had been proved wrong.  “Hi. My name is Carl, and I’m a recovering asset-allocationist,” the Raymond James Financial adviser quipped.  Asset allocation, a bedrock of investing for decades, appeared to fail miserably in 2008. The conviction shared by most investors — that they should spread their money across myriad asset classes to minimize losses — was shaken as nearly all markets tumbled in unison.

To continue reading, please see the full article on the Wall Street Journal page.

Chris: Adoption

Friday, July 10th, 2009

adoption

By Chris for Nonprofit Supporter

From Papa;

Why are many child welfare nonprofits afraid of doing adoption and foster care?  The first answer an organization will give you is too much liability.  However, it is not insurance liability, it is being in the news and having a story on a child effect the resources of an organization.   Child welfare needs to really push accomplishing outcomes in time limited measured way.  If the service plan has not been accomplished by a federal standard then decision making should change to another authority.

No child should have to wait a long time.  Aging out of foster care with no accomplished permanency plan should be considered a failure.  How many failures should be allowed in child welfare?  Government mandates that providers of child welfare meet high standards in order to continue to receive referrals.  The same tough standards should be the same for the state agencies as well.

Accomplishing a permanency plan for a child should not be tied to solutions by the same individuals after a period time has past in which said solutions have not occurred.  It’s OK to have to pass the case to another set of individuals to obtain the outcomes which are in the child’s best interests.