Monday, September 14, 2009
Nonprofits Ignored in Health Care Debate
Nonprofit groups were hoping that the president would address the issues of nonprofit employers during his recent health care speech to Congress, but were disappointed to hear nothing from him. The main bill in the House gives a tax credit to small businesses who provide health insurance for their employees, but nonprofits do not pay taxes and thus do not benefit. Tim Delaney, the chief executive of the National Council of Nonprofit Associations met with Congressman, saying afterwards that “we heard a constant refrain: ‘Gee, we never thought about nonprofits as employers before.”
Police Close Three Microfinance Firms in Uganda
In an effort to curb the rise of illegal microfinance banks, the police of Uganda have closed down three microfinance institutions that are believed to have defrauded thousands of people. Police raided the offices of the banks and arrested officers working there while investigating allegations of missing funds.
Recession Drives Up United Way Overhead Ratio
The Salisbury Post published an article on the overhead costs of the Rowan County United Way. The percentage of funds used on fundraising and administration went from 7.7% in 2007 to 12.7% in 2008. According to the United Way, revenue fell $600,000 in 2008 while administrative and fundraising costs rose just over $50,000, creating the sharp increase in the percentage of funds needed to cover overhead costs.
EU Demands Reform Before Halting Sanctions on Zimbabwe
On Sunday, the EU said that it will not remove sanctions against Zimbabwe until the power sharing agreement between Mugabe and Prime Minister Morgan Tsvangirai is fully implemented and the human rights situation improves. The sanctions freeze Zimbabwean assets in Europe and ban 203 government officials from European travel, but do not prevent humanitarian assistance from entering the country. Hours prior to a meeting with EU officials on Friday, Mugabe called the Western nations “neocolonists” who will “never be our friends.”