There isn't much good you can say about a $50 Billion scam, but here's one thing we can be happy about. One great piece of news to come from the Bernard Madoff scandal. Among the many investors hit hard by the collapse of the $50 Billion ponzi scheme was Planned Parenthood.
According to a report in Crain's Business Daily today, the premier baby-slaughter business in America has had to cut some staff because they made a bad investment with Madoff's funds. It only goes to show that there's a silver lining in every cloud if you look hard enough.
Hit with declines in funding from the economic crisis and the Madoff scandal, the Planned Parenthood Federation of America is laying off around 20% of its staff.
Roughly 30 people were let go earlier this week, according to a source who works for the nonprofit. Executives at Planned Parenthood confirmed the layoffs, but declined to give more details.
“As with many other nonprofit organizations, Planned Parenthood has had to make staff reductions at our headquarters due to the challenging economic times facing our country,” said Maryana Iskander, chief operating officer at the agency. “While taking this action is never easy, we want to ensure the millions of women and men who rely on Planned Parenthood as a health care provider that the reductions will not impact our ability to deliver care to those in need.”
Part of Planned Parenthood’s funding declines stem from the closing of the Florida-based Picower Foundation, which shut down in December because its assets were managed by Bernard Madoff. The $1 billion foundation was one of the few major funders of reproductive rights issues.
What's next? A baby-killer bailout?
Crain's NY Story Here
No comments:
Post a Comment