At a time of staggering inequality, wealthy individuals are using donor-advised funds, or DAFs, to claim substantial tax benefits, while often failing to move funds in a timely manor to independent nonprofits addressing urgent social needs.
All politics, the old political saw goes, is local. By the same token, all economics may be local, too. We don’t experience our economy as a national or a global phenomenon. We experience our economic life in much more localized spheres.
Last year, President Trump drastically cut funding to the UN Relief and Works Agency (UNRWA). UNRWA is mere weeks away from running out of money for essential aid programs provided to 5.4 million Palestinian refugees.
Details regarding what Donald Trump calls his “Deal of the Century” on Israel-Palestine have reportedly been leaked. Not surprisingly, Palestinians find themselves the subject of a peace deal that fails to incorporate their input.