http://artobserved.com/2009/01/brandeis-university-considers-closing-rose-museum-due-to-losses-from-madoff-investments/ Thu, 09 Feb 2012 02:42:43 +0000 hourly 1 http://wordpress.org/?v=3.2.1 http://artobserved.com/2009/01/brandeis-university-considers-closing-rose-museum-due-to-losses-from-madoff-investments/comment-page-1/#comment-4779 OMNP Midterm Review for 2009: Market | OMNP Sun, 02 Aug 2009 22:02:23 +0000 http://artobserved.com/?p=8472#comment-4779 [...] to assert themselves as a small isle of respite within the submerged art economy. Amidst reports of Madoff-ed museums, and substantial job cuts and declines in revenue at the major auction houses, speculation [...] [...] to assert themselves as a small isle of respite within the submerged art economy. Amidst reports of Madoff-ed museums, and substantial job cuts and declines in revenue at the major auction houses, speculation [...]

]]> http://artobserved.com/2009/01/brandeis-university-considers-closing-rose-museum-due-to-losses-from-madoff-investments/comment-page-1/#comment-2768 Alfredo De La Fe Tue, 03 Feb 2009 02:29:31 +0000 http://artobserved.com/?p=8472#comment-2768 The economic difficulties affecting the world are not restricted to the “for profit” world. Dozens of not-for-profit organizations have been put out of business or had their funding slashed in half by the Madoff ponzi scheme which in some cases directly affected the financial holdings of these institutions and in other cases hurt the benefactors that had so generously supported their favorite causes. Add to this the cutting of public funding and the outlook is grim. (Food, shelter and health take priority during times of financial crisis, and rightly so.) The economic difficulties affecting the world are not restricted to the “for profit” world. Dozens of not-for-profit organizations have been put out of business or had their funding slashed in half by the Madoff ponzi scheme which in some cases directly affected the financial holdings of these institutions and in other cases hurt the benefactors that had so generously supported their favorite causes. Add to this the cutting of public funding and the outlook is grim. (Food, shelter and health take priority during times of financial crisis, and rightly so.)

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