Jeffrey Solomon on a Double-Dip Recession
The stock market’s plunge last week to a 14-month low has left doomsayers predicting a “double-dip recession,” a recession that is followed by a brief period of recovery before the economy enters another recession. Are Jewish organizations – whose endowments have already been battered by the Bernard Madoff fraud and the overall stock market volatility of recent days – taking the necessary steps to protect their assets from such a fate?
To find out, Tamar Snyder of The Jewish Week, checked in with Jeffrey Solomon, a leading commentator on the Jewish philanthropic world who serves as president of the Andrea and Charles Bronfman Philanthropies. Here is her interview, Can Jewish Groups Weather A Double-Dip Recession?