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...better job of choosing their charities if they hope to get the maximum image boost. Among the roughly 450 nonprofit organizations that Goldman employees donated to through the voluntary program in 2008 are some of the nation's most élite private schools. One of the largest recipients of Goldman money in 2008 was New Jersey private school Rumson Country Day School. Also on the list are Choate Rosemary Hall, Lawrenceville and Spence. Top colleges got their share of Goldman largesse as well. Harvard, Stanford Graduate School of Business, the University of Pennsylvania and the University of Chicago...
...voluntary-giving plan, which was started just before the firm handed out bonuses two years ago, Goldman's top executives gave about $130 million to charity in 2008. Goldman's own foundation, which it funds with corporate profits, has about $200 million in it, making it one of the largest charity trusts in corporate America. Indeed, a plan announced a few months ago by Goldman to give away $500 million to promote loans to small businesses was widely met with skepticism...
...Haiti. Your money will help with relief efforts. They need our help." Sent from the Twitter account of Haitian-born musician Wyclef Jean, the text message went out to the singer's nearly 1.4 million followers and kicked off what has quickly become the largest text-based fundraising campaign for disaster relief in history. An American Red Cross text-donation campaign, which was launched an hour after Yéle's, had raised more than $800,000 by 3 p.m. Wednesday...
...What automakers have found in India is a country just entering the age of motorization, where still only 1% of the 1 billion-plus population owns a car. Although India trails the world's largest emerging car market - China - its sheer size gives it untapped potential that carmakers can't ignore. A decade ago, Mercedes-Benz was the only luxury-car brand in India. In 2006, BMW opened up shop, and it was soon joined by Audi. Though high-end business still only constitutes 0.5% of the overall Indian car market, the brands are already selling more cars than...
...with the Israeli effort to topple Hamas by choking the life out of Gaza's economy has fueled a political backlash. "We are, of course, calling for lifting the siege, and giving the Palestinians a normal life," says Essam al-Eryan, a spokesman for the Muslim Brotherhood, Egypt's largest opposition group. "But the Israelis and Americans are pushing Egypt to secure the Israelis. And this is not our duty ... the Palestinians are no threat to Egypt...