Monday, 23rd November 2009

 

29 October 2009 - Press Briefing

Report predicts fall in charitable donations to nonprofit groups

Charitable contributions to the 400 biggest nonprofit groups are likely to fall 9% this year, The Chronicle of Philanthropy predicted, marking the steepest decline since the publication began compiling records in 1992, according to The Wall Street Journal’s Wealth Report.

Stacy Palmer, editor of the Chronicle, said that there won’t be a real recovery in the sector for “at least two more years”.

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Relocation, relocation, relocation

Banks have never been shy of firing staff at the merest whiff of a downturn. First the fat, then the muscle and finally the bone. In the past, cuts have been so deep that firms have found it hard to benefit when the markets rebounded, paying over the odds to restaff at speed. Such wild oscillations in staffing numbers are known as “doing a Merrill”.

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Chopard out to show it has good timing

Luxury brands that thought they were immune to the vagaries of the global economy because they marketed their wares to the wealthy, have had a rude awakening this year.

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