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...charitable giving in the U.S. has increased 4.3% - which means a recession represents a more than 5% swing in the other direction. And it's gotten even worse than that: during the relatively severe downturn of 1974, giving declined 5.4%. Given that the current crisis seems unprecedented in its scope, no one is willing to predict just how bad things might get for the nonprofit sector. "The ramifications are absolutely going to be huge," says Gordon J. Campbell, CEO and president of United Way of New York City...
...Interbank Offered Rate, the benchmark for short-term interbank lending rates, actually rose to 4.75% Thursday, its highest level of the year. In Hong Kong, interbank lending rates have doubled in the past month. Banks remain gun-shy about resuming lending, in part because they remain unclear about the scope and details of a proposed U.S. bailout of its banking industry. "The level of trust between financial institutions is relatively low," says Tai Hui, head of Asia economic research for Standard Chartered. "That needs to be restored as soon as possible...
...scope of the maternal mortality crisis is magnified by the fact that it's a crisis that can be solved. One of the largest contributors to maternal deaths in the developing world is unintended pregnancy. More than 200 million women would like to limit childbearing but have no access to safe, effective birth control. This results in 70 million to 80 million unintended pregnancies every year. Public-health experts estimate that almost half of all maternal deaths could be averted by universal access to contraceptives. The U.S., which should lead the way, has instead placed more roadblocks...
...Best Idea,” a documentary coming out in the fall of 2009 on Roosevelt’s relationship with the United States National Park system. Burns, who spoke in Sanders Theatre last Friday, is known for making documentaries on a grand scale—grand in scope, length, and audience viewership. For example, his most famous documentary, “The Civil War,” deals with this crucial point in American history over the course of 11 hours and nine episodes, and has been seen by more than 40 million viewers. “It chose...
...That narrow scope for united action was duly noted during Saturday's minisummit in Paris. "Each government will operate with its own methods and means but in a coordinated manner," Sarkozy said of European reaction to the crisis. In saying that, he clearly didn't suspect that Merkel would issue a unilateral savings guarantee the next day. Still, Sarkozy and his fellow E.U. leaders also made it clear that it may now be too late to do much else but limit the extent of the damage in the current drama and await new global rules on finance and business ethics...