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The "I Heard" Thread
Babies Get College Fund at Birth
Just a few days into the new year, Laurie and Keenan Farwell welcomed their daughter Hadley into the world. The hospital staff at MaineGeneral Health in Augusta had the pleasure of delivering not just the baby, but also her first birthday gift: $500 toward her future education.
Hadley is a beneficiary of the new Harold Alfond College Challenge, a first-in-the nation philanthropic program that will give families statewide a $500 starter grant – and assistance with paperwork – to set up 529 college savings accounts for infants.
"It was very exciting to think she's not even a couple hours old, and she's already looking at her college fund," Ms. Farwell said in a phone interview as Hadley patiently sucked on her tiny hand, awaiting a feeding.
Harold Alfond founded Dexter Shoe Co. in Maine in 1958 and shared millions of dollars to promote health and education in the state. After giving many scholarships to college-age students, "he wanted to help build aspirations for college at the front end of life," says Greg Powell, chairman of the board of the Harold Alfond Foundation. Mr. Alfond laid the groundwork for this legacy before he died in November.
While elite colleges have moved recently to replace loans with grants, the high cost of college is still a barrier to many families. As efforts continue to rein in those costs, the Maine scholarship is a creative way to address the other side of the college-debt problem – the dearth of long-range savings.
Other states will be watching the outcome as they look to encourage more participation in their 529 plans, named after a section of the Internal Revenue Code that allows such deposits to grow tax-free. Some groups are even hoping that states or the federal government will consider creating broader child savings accounts that could be used by the beneficiary for any purpose once he or she turns 18.
"It's about changing savings patterns and financial literacy," says Lisa Mensah, executive director of the Initiative on Financial Security at The Aspen Institute, a supporter of child savings accounts. "The power is not the first $500, but how individual kids and their families save over their life."
Read the rest at: http://www.csmonitor.com/2008/0110/p13s01-legn.html?page=1
Google gives to causes
Google Commits 25M Toward Global Warming, Poverty, and Disease
Written by JenX
Friday, 18 January 2008
Google's philanthropic arm on Thursday said it is taking aim at global warming, poverty, and pandemics with millions in cash and the Internet giant's global resources. They chose five of the world's ills and crafted core initiatives to best match Google's strengths .
Read the article at :
http://www.goodnewsnetwork.org/business/general/google-commits-25m-toward-global-warming-poverty-and-disease.html
Muslim Man Saves Jews Attacked on Train
NEW YORK (CNN) -- A Muslim man jumped to the aid of three Jewish subway riders after they were attacked by a group of young people who objected to one of the Jews saying "Happy Hanukkah," a spokeswoman for the three said Wednesday.
The New York Police Department's Hate Crimes Task Force is investigating Friday's incident on the Q train.
Friday's altercation on the Q train began when somebody yelled out "Merry Christmas," to which rider Walter Adler responded, "Happy Hanukkah," said Toba Hellerstein.
"Almost immediately, you see the look in this guy's face like I've called his mother something," Adler told CNN affiliate WABC.
Two women who were with a group of 10 rowdy people then began to verbally assault Adler's companions with anti-Semitic language, Hellerstein said.
One member of the group allegedly yelled, "Oh, Hanukkah. That's the day that the Jews killed Jesus," she said.
When Adler tried to intercede, a male member of the group punched him, she said.
Another passenger, Hassan Askari -- a Muslim student from Bangladesh -- came to Adler's aid, and the group began physically and verbally assaulting him, Hellerstein said.
"A Muslim-American saved us when our own people were on the train and didn't do anything," Adler said. Watch Adler describe the altercation »
FBI: Hate crimes jump nearly 8 percent
Adler pulled the emergency brake and the train stopped at DeKalb Avenue station, where police came on board.
The 10 suspects, ages 19 to 20, were taken into custody, said Brooklyn district attorney spokesman Sandy Silverstein.
Askari was first handcuffed alongside them, but he was released when Adler told police he was not an attacker, Hellerstein said.
Alder was treated at Long Island College Hospital for injuries that included a fractured nose and a cut lip that required several stitches, while Askari suffered a black eye, Hellerstein said.
The suspects are to appear in Brooklyn District Court on February 7 on charges that include assault, attempted assault, menacing, harassment, unlawful assembly, riot and disorderly conduct, Silverstein said.
The New York Police Department's Hate Crimes Task Force is investigating the incident, and will determine whether the suspects will be charged with hate crimes, Officer Philip Hauser told CNN.
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