Memo to fundraisers for major Jewish organizations; if you want to raise significant funds among young, upwardly mobile Russian Jews, you had better get hip to the potential of using social networking sites.
Global financial markets are anticipating a downturn, the word “recession” is being whispered on Wall Street and, as a result, holiday bonuses at the large banks and investment houses may be considerably lower this year. But those worries failed to dampen last week’s Wall Street Dinner, the annual event organized by the Wall Street and Financial Services Division of UJA-Federation of New York.
The battle of the heavyweights may be over, but the race for cash continues. Mayor Rudolph Giuliani's stunning departure from the race against First Lady Hillary Rodham Clinton transforms what was expected to be the most expensive U.S. Senate campaign in history into a race against time for Giuliani's replacement, the relatively unknown Long Island Rep. Rick Lazio.
"The key question is now how quickly he can ramp up his fund raising," said Sheila Krumholz, research director for the Center for Responsive Politics, a campaign watchdog group, of Lazio.