Economy, finance, and budgets
The great wealth transfer has begun. In the next two to three decades, baby boomers, the wealthiest generation in American history, will pass down an estimated $68 trillion to their children and grandchildren. Baby-boomer philanthropy is flourishing, but only rarely do donors focus their efforts on reversing society’s moral and spiritual ills. Among the notable exceptions are David Green and his family, founders of the Hobby Lobby arts-and-crafts stores. Green has invested billions in national and international nonprofits to help the downtrodden, while engendering three generations eager to bestow on others the wealth that might have been theirs.
We recently addressed Vice-Chancellor Slights' novel ruling that outsider reverse veil piercing is an equitable remedy that is available in Delaware. What about insider reverse veil piercing? Manichaean Capital v. Excela Technologies, Inc.
Arts and crafts chain Hobby Lobby to open fourth LI store newsday.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newsday.com Daily Mail and Mail on Sunday newspapers.
The First Amendment to the U.S. Constitution opens with these words: “Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof.”