• Home
  • About
    • About
    • Policies
  • Submissions
    • Op-eds
    • News / Announcements
  • Contact
  • Donate
  • Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer

eJewish Philanthropy

Your Jewish Philanthropy Resource

  • News Bits
  • Jewish Education
  • Readers Forum
  • Research
  • Show Search
Hide Search
You are here: Home / In the Media / Adelson’s Tsu·ris

Adelson’s Tsu·ris

November 7, 2008 By Dan Brown

Ever since Bloomberg News reported yesterday that “Las Vegas Sands Corp., billionaire Sheldon Adelson’s casino company, fell the most in New York trading since going public after saying it may default on debt and face bankruptcy” it has become world-wide news; New York, Las Vegas, and this morning from Hong Kong, Singapore and France.

What the mainstream media is missing is the considerable interest the story has raised in the Jewish blog-o-sphere, particularly from ‘the left’. There seems to be almost a sense of joy that Adelson’s present difficulties may deeply effect his bankrolling of certain ‘rightist’ agendas. And there has been no end to the speculation (with Israel beginning an election campaign) that Bibi has lost his number one financial backer.

So, will Adelson need to put the brakes on his mega-philanthropy; is the current $30m. pledge to Birthright Israel in jeopardy; or the Adelson school in Las Vegas. What about a host of other initiatives being funded around the Jewish world?

What will a Sands Corp. bankruptcy filing really mean to the Adelson’s generosity. Let’s hope we never need to find out.

Meanwhile, in other news this Friday morning, two stories from The Jerusalem Post on the pressures facing the Haredi community due to the current economic climate:

Economic pressures are forcing haredi men into the working world

The financial crisis which has rocked the world has the donor-dependent yeshiva world reeling. Jewish businessmen in the US, Britain and elsewhere are either unwilling or unable to provide as much philanthropic support as in the past to the dozens of Israeli kollelim that pay Torah scholars to learn.

This week, leaders of Israel’s largest kollelim held an emergency meeting to discuss what they called a crisis of catastrophic dimensions.

As the financial crisis continues, haredim tighten their belts

“Look around,” Yaakov, a haredi man, said as he browsed the aisles on Wednesday night. “This used to be the biggest night of the week for groceries – you had to stand in line outside just for a shopping cart. But now look: It’s relatively empty compared to what used to go on here. If that’s not a good indication of the current situation, I don’t know what is. People are cutting back, they’re buying less, and they’re relying more on others.”

Print Friendly, PDF & Email

Share this:

  • Click to share on Twitter (Opens in new window)
  • Click to share on Facebook (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)

Filed Under: In the Media, Jewish Philanthropy Tagged With: blogging, Taglit-Birthright Israel / Birthright Israel Foundation

Click here to Email This Post Email This Post to friends or colleagues!

Reader Interactions

Primary Sidebar

Join The Conversation

What's the best way to follow important issues affecting the Jewish philanthropic world? Our Daily Update keeps you on top of the latest news, trends and opinions shaping the landscape, providing an invaluable source for inspiration and learning.
Sign Up Now
For Email Marketing you can trust.

Continue The Conversation

  • Email
  • Facebook
  • RSS
  • Twitter

Recent Comments

  • Ann Cohen on Creation of National Organization Mobilizing Jews to Confront the Climate Crisis
    Dayenu!
  • Liza Wiemer on This Diversity Conference Made Me Feel More Marginalized
  • Shara Peters on Leveraging Israeli-Americans for the Benefit of the Wider Community
  • gae polisner on This Diversity Conference Made Me Feel More Marginalized
  • Used to be Bob Hyfler on The Logistics, Wins and Losses of Jewish Conference Inclusion

Most Popular Recent Posts

  • JFNA's Remarkable Pivot, And Me
  • 12 Things Jewish Adoptees and Their Families Wish Their Communities Knew
  • Ten Ways Not
    to Fight Antisemitism
  • Creation of National Organization Mobilizing Jews to Confront the Climate Crisis
    Dayenu!
  • Seeking Legacy Organizations for Qualified Jewish Professionals

Categories

The Way Back Machine

Footer

What We Do

eJewish Philanthropy highlights news, resources and thought pieces on issues facing our Jewish philanthropic world in order to create dialogue and advance the conversation. Learn more.

Top 40 Philanthropy Blogs and Websites to Follow in 2019

Copyright © 2019 · eJewish Philanthropy · All Rights Reserved