August 20, 2021 | by Kristina D'Amico
From the Firm: National and International News Here is a roundup of the big news this week: :
Haiti earthquake: Tensions rise in struggle to get aid to victims
Leading Indicators Flash Green for Continued Economic Growth
Five days ago, a powerful 7.2 magnitude earthquake hit Haiti and killed at least 2,189. Despite rainy conditions on the island, many people are sleeping outside due to fear of aftershocks potentially causing more damage. The US military has transported at least 200 severely injured people to the hospital, and aid is slowly arriving from other countries.
Despite the threat of the delta variant of COVID-19 still looming at large, a recent report by the Conference Board's Leading Economic Index shows it rising. In July, economic activity rose steadily, suggesting more growth to come even despite coronavirus cases rises and certain labor and supply shortages. The economy has rebounded steadily since last year's shut down and saw a 6% growth in GDP.
Doctors are struggling to treat the more than 12,200 people who have been injured. Hundreds are still missing.
Clients In the News Money moves: More than $13M has been awarded to local nonprofits in the past few months
The William Penn Foundation awarded more than $8M in grants to 90 nonprofits through its Family Recovery Fund, including our clients the Urban League of Philadelphia and Philadelphia Youth Basketball!
The Biggest Story in Philly This Week
5 key takeaways from a new report on Philly’s antiviolence spending City Controller Rebecca Rhynhart released a report Thursday analyzing the money that Mayor Jim Kenney and City Council have designated as antiviolence funding and categorizing the programs based on how quickly they’re likely to have an impact. Her office concluded that just $33 million, or 21% of the $155 million, would go toward intervention efforts that are most likely to have short-term results within one to three years. The top five takeaways in plain terms: Some programs could have a more immediate impact on violence reduction; Most funding goes to long-term programs; Rhynhart thinks the city should spend more on intervention programs; It’s unclear how much a new grant program will help antiviolence efforts; and not all of the $155 million is going to gun-violence reduction efforts - only about $68 million is new spending.
Read the full story here.
What Made Us Laugh Loose wallaby captured in Pennsylvania, origins remain a mystery The Pennsylvania Game Commission said a wallaby seen hopping on the loose on multiple occasions has been safely captured, but its origins remain a mystery.
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