Business & Finance

Today’s Jewish Birthday: Nathan Straus

He and his wife Lina Gutherz privately funded the Nathan Straus Pasteurized Milk Laboratory to combat infant mortality, and opened in Lakewood, New Jersey a Tuberculosis Preventorium for Children. During the Panic of 1893, his milk stations sold coal for the low price of 5 cents for 25 pounds. He opened homeless shelters for 64,000 people who paid a nickel each to get a bed and breakfast. He funded 50,000 meals for one cent each. At Abraham & Straus, he established a subsidized company cafeteria. [SDJW staff]

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Business & Finance, International, Israel, Jewish History, Staff and Bylined Contributors, Today's Jewish Birthday, USA

Ralph Lauren Willed Himself Into the Good Life

After he decided to market the ties on his own, executives at Bloomingdale’s wanted him to narrow the tie slightly and Lauren daringly refused. Although winning Bloomingdales’ account, in anyone else’s eyes, would have been a big victory, Lauren had larger ambitions to become himself a name brand. Lauren found other stores to sell the wide tie to, and as their popularity increased, Bloomingdale’s resistance correspondingly decreased. Whereas thin ties sold at the time for $5, Lauren’s ties commanded between $7.50 and $15. The more people paid for them, the more they valued them. [Donald H. Harrison]

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Antisemitism, Business & Finance, Donald H. Harrison, Jewish Celebrities, Jewish History, Lifestyles, San Diego County, Staff and Bylined Contributors, Travel and Food, USA

23andMe Faces Class Action Lawsuit Over Alleged Privacy Breach Targeting Chinese And Ashkenazi Jewish Customers

Published by Benzinga Genetic testing company 23andMe Holding Co. (NASDAQ:ME) is under fire in a class action lawsuit, accused of inadequately protecting the privacy of nearly 7 million customers whose personal information was compromised in a data breach last year. The lawsuit, filed yesterday in federal court in San Francisco, alleges that the company failed

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Antisemitism, Business & Finance, Nordot, USA

Druze Diplomat Emphasizes Importance of Transcending Religious, Cultural Boundaries

Amit Mekel — the Los Angeles-based Deputy Consul General of Israel to the Pacific Southwest and the first non-Jewish Israeli diplomat in this region — shared that “I feel an even deeper calling to openly share my personal journey at every event since the war’s onset.”[Israel Bonds Press Release]

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Business & Finance, California, Israel, Press Release, USA

Kaspare Cohn’s Legacies: Union Bank, Cedars-Sinai Hospital

Cohn was just 20 years old when he arrived in Los Angeles in 1859 from Loebau, Prussia, to work for his uncle Harris Newmark. His introduction to the primitive banking system in 19th century California came when his uncle had him sleep on the floor of the family grocery store as a way of safeguarding the finances of Los Angeles County. [Donald H. Harrison]

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Business & Finance, California, Donald H. Harrison, Jewish History, Philanthropy, San Diego County, Staff and Bylined Contributors

Likud lawmakers to government: Keep Palestinian workers out

Published by ANI News Tel Aviv [Israel], January 18 (ANI/TPS): Palestinian laborers from Judea and Samaria should not be allowed to return to work across the Green Line inside Israel’s pre-1967 territory, a dozen Likud lawmakers wrote in a letter to Cabinet members made public on Wednesday. “The time has come to say explicitly that

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Business & Finance, Israel, Middle East, Nordot

2023 Was a Record-Breaking Year for Israel Bonds, with $2.7B in Investments

A year that began on a festive note, as Israel Bonds commemorated the Jewish state’s milestone 75th anniversary later turned somber with the October 7 Hamas massacre. Yet at Israel’s darkest moment, Israel Bonds produced its most significant accomplishments — securing an additional $1 billion in such investments by the war’s 30-day mark. This historic groundswell of investments included purchases from more than 15 U.S. state and municipal governments and institutions. [Israel Bonds Pres Release)

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Business & Finance, Israel, Press Release, USA

Our Shtetl San Diego County: The Local Jewish Political Scene

County Supervisor Terra Lawson-Remer was re-elected as vice chair of the County Board of Supervisors, which once again will be chaired by Supervisor Nora Vargas.  There’s an interesting split among three Democrats and two Republicans on the technically non-partisan Board of Supervisor.  The Democrats are all women – Vargas, Lawson-Remer, and Monica Montgomery-Steppe – while the Republicans are both men: Joel Anderson and Jim Desmond. [SDJW staff]

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Antisemitism, Business & Finance, California, San Diego County, Staff and Bylined Contributors, USA

Stuart Moldaw Saw Potential Profits in Buying Clothes for Less and Selling Them for Less

Moldaw’s next enterprise was as a principal in U.S. Venture Partners. While participating in that company, Moldaw also ran Pic-A-Dilly, which later was purchased by Lucky Stores. Thereafter, Moldaw decided to start Ross Dress for Less, which he described as a larger version of Pic-A-Dilly, offering not only women’s clothing but “a full array of family apparel.” [Donald H. Harrison]

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Ben Dishman, Business & Finance, Donald H. Harrison, San Diego County, Staff and Bylined Contributors, Travel and Food, USA

Givat Hamatos: Central Jerusalem’s Newest Neighborhood

Givat Hamatos will have 2,600 apartments. Another 2,400 residential units will be built adjacent to this neighborhood along Derech Chevron, plus 5,000 units are being planned in Amat Hamayim, on the eastern side of Derech Chevron next to Kibbutz Ramat Rachel. This 10,000-unit community will be Jerusalem’s first modern urban-planned neighborhood, and will feature large parks, a wealth of public buildings – such as schools, community centers and shuls – plus shopping centers, office buildings and hotels. [Gedaliah Borvick]

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Business & Finance, Gedaliah Borvick, Israel, Staff and Bylined Contributors

Javier Guerrero: Growing and Distributing Food in Accordance with Jewish Ethical Teachings at Coastal Roots Farm

After four years heading Coastal Roots Farm, first as executive director, and later as the President and CEO of the independent, nonprofit farm, Guerrero can sling around a lot of Hebrew, some of which may be unfamiliar to non-Hebrew speaking American Jews. [Donald H. Harrison]

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Ben Dishman, Business & Finance, Donald H. Harrison, Israel, Jewish Religion, Lifestyles, San Diego County, Science, Medicine, & Education

Charlene Seidle: Passion for North County San Diego and Israel

Editor’s Note: This is the 13th chapter in Volume 3 of Editor Emeritus Donald H. Harrison’s 2022 trilogy, “Schlepping and Schmoozing Along the Interstate 5.”  All three books as well as others written by Harrison may be purchased from Amazon.com. Schlepping and Schmoozing Along the Interstate 5, Volume 3, Exit 41B (Encinitas Boulevard): Leichtag Commons From northbound Interstate

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Ben Dishman, Business & Finance, Donald H. Harrison, Judaism, San Diego County, The World We Share, USA

The Philanthropy of Ernest and Evelyn Rady

These NICUs as well as Rady Children’s Hospital itself are named for Jewish businessman and philanthropist Ernest Rady, a native of Winnipeg, Canada. He and his wife Evelyn moved in 1966 when he was 29 to San Diego and proceeded to make a fortune in banking, finance insurance, oil and gas, and real estate. [Donald H. Harrison]

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Business & Finance, Donald H. Harrison, International, Music and Visual Arts, San Diego County