web analytics
April 17, 2014 / 17 Nisan, 5774
At a Glance

Posts Tagged ‘Yeshiva University President Richard Joel’

President Joel Bewailing YU ‘Substantial Deficits’

Thursday, November 21st, 2013

Yeshiva University President Richard Joel acknowledged the school was facing “substantial deficits.”

In an email to faculty and staff obtained by JTA, Joel disclosed that the measures taken to shore up finances at the New York City university following the financial crisis in 2008 have been insufficient.

“We intended to achieve a balanced budget by this year so that we could then begin to reverse the trend of cutbacks,” Joel wrote in the email sent Tuesday night. “Despite our best efforts, we have not yet succeeded. Simply put, the spending required to support what we have built outpaces the income we generate and the substantial deficits that we have incurred cannot be sustained.”

The university’s director of communications declined to comment further.

Now entering his second decade at the helm of Yeshiva University, the so-called flagship institution of Modern Orthodoxy, Joel enjoyed a fundraising windfall in his early years. The school recorded a record-breaking fundraising year in 2007. In 2006, businessman Ronald Stanton gave the university $100 million, the largest gift in its history.

But the recent years have been difficult. The university lost substantially from its heavy investments with Ponzi schemer Bernard Madoff. More recently, Moody’s downgraded the school’s credit rating. And the school is facing a $380 million sex abuse lawsuit.

Joel did not specify the size of the deficits facing the university, nor did he outline the precise steps being contemplated to address them. He wrote that the school would “reframe the way we educate” and formulate a “new strategic vision” to increase revenue and efficiency, including new graduate programs.

“Our immediate next steps, though, are clear,” the email said. “We must spend in accordance with our financial resources. We are looking at all aspects of our operations to increase revenue, improve operational efficiencies, and manage costs. We will require more support and more philanthropy. We must distribute financial aid more deliberately.”

In 2011, Joel was the highest-paid Jewish communal professional in the United States, earning a salary of $879,821, according to the Forward.

Adelson: Nuke Iran to Get It to Talk Business (Video)

Thursday, October 24th, 2013

Sheldon Adelson, a top backer of Republican and right-wing pro-Israel causes, advocated bombing Iran with a nuclear device as a means of negotiation.

“You pick up your cell phone and you call somewhere in Nebraska and you say ‘OK, let it go,’ and so there’s an atomic weapon goes over, ballistic missiles in the middle of the desert that doesn’t hurt a soul, maybe a couple of rattlesnakes and scorpions or whatever,” Adelson said in a rare public appearance on Oct. 22 at Yeshiva University in New York. “And then you say, ‘See? The next one is in the middle of Tehran.’”

Adelson criticized the Obama administration’s readiness to negotiate with Iran’s leaders toward undoing the country’s suspected nuclear weapons program.

“So, we mean business, you want to be wiped out? Go ahead, take a tough position and continue with nuclear development,” said Adelson, who owns a major Israeli newspaper which is supportive of Israeli Prime Minister Benjamin Netanyahu.

Adelson said that President F.D. Roosevelt could convince the British that it was “more important to them and to their future” not to sign the White Paper on Palestine in 1939 that limited Jewish immigration to Palestine. FDR had “unlimited leverage” because he could promise the British that the U.S. would enter World War II once the country ceased to be isolationist.

“He really had the leverage, he really had the upper hand,” Adelson said.

“Given your strong feelings about what the U.S. did not do to prevent the Holocaust,” Boteach asked, what are your feelings about “Obama speaking to Iran right now” and having diplomatic relations with Iran, given its threats against Israel? Not as a political person, but as a prominent American?

“You want to be peaceful, just reverse it all and we will guarantee that you can have a nuclear power plant for electricity purposes, energy purposes,” he said.

Adelson and his wife, Miriam, are major contributors to the Birthright Israel program.


Printed from: http://www.jewishpress.com/news/breaking-news/adelson-nuke-iran-to-get-it-to-talk-business-video/2013/10/24/

Scan this QR code to visit this page online: