Money Matters

Let's Make Jewish High School Free

November 27, 2013 By: rabbi jay kelman
The recently released Pew report on American Jewry has generated anguished discussion on the future of American Jewry. Some of its key findings include an intermarriage rate of 58%, a percentage that rises to 71% if the Orthodox are excluded (in 1970, it was 17%); two-thirds of Jews do not belong to a synagogue; and one-third had a Christmas tree last year. Jerry Silverman, President and CEO of the Jewish Federations of North America, simply...
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Day School Tuition Is In the News, with the Canadian Jewish News Reporting on Two Recent Initiatives

March 01, 2013 By: rabbi jay kelman
Once again, the issue of day school tuition is in the news. The Leo Baeck Day School (North Campus) has announced plans for grants up to $5,000 per child, if the family commits to at least three years there. Most appropriately, they have defined "middle class" for someone with three children at $350,000--fully cognizant of the fact that one must be very rich to afford a day school education. When one considers that Statistics Canada...
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Tax Evasion

September 27, 2012 By: rabbi jay kelman
No one likes to pay taxes. Yet taxes are the lifeblood of our society, paying for our security, health, public education and the thousands of other services we all benefit from. While we can endlessly argue about what is fair, there is very little room to argue over our legal obligation to pay the amount of tax as established by our elected officials.Sadly, though not surprisingly, a survey released just last week by H...
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Dead Foundation Money

September 01, 2012 By: rabbi jay kelman
Bank of Canada governor Mark Carney recently called on Canadian corporations to start spending the over 500 billion dollars of cash, “dead money” as he called it, sitting on their balance sheets. “Their job is to put money to work, and if they can’t think of what to do with it they should give it back to their shareholders.” Not surprisingly, corporate Canada disagrees with this assessment, arguing that--due to...
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We Have the Money

June 04, 2012 By: rabbi jay kelman
As summer approaches, day school parents will soon be getting notifications regarding tuition fees for next year. Undoubtedly, fees will—as they do each and every year—rise at two to three times the rate of inflation. This is to be expected as cost-cutting measures that may be employed in other industries can have little impact in a service industry such as education. Unless one wants to replace teachers in the classroom with some...
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