Glendale Az Library

City partners with Gila River Indian Community for From the Heart funds

Eighteen non-profit organizations that provide essential services to vulnerable children in Glendale, families and elderly residents received $ 183,915 in grants from the Glendale Heart program.

Mayor Elaine Scruggs introduced the new city heart of the partner community leaders on June 9 during the reception for representatives of nonprofit organizations that provide services to residents of Glendale.

The Gila River Community will donate $ 75 000 annually over the next three years to Glendale from the Heart program. Over the past three years, the amount of the donation will be $ 225 000.

The money will be used in a variety of ways, including providing home-delivered meals and medical equipment at home for the frail and elderly, feeding the hungry and Glendale with emergency programs for victims domestic violence and abuse.

Scruggs BHHS Legacy Foundation and CEO Jerry Wissink presented checks to representatives of the Agency at the Foothills Branch Library.

"On behalf of the heart of our priorities to support the most vulnerable citizens in our community," said Governor William Rhodes, representing the Gila River Community."We are proud to support these types of initiatives that make such a positive impact on local residents. The Gila River Community is proud to partner with Glendale in an important program. "

A reception followed the ceremony was open to the public and representatives of organizations.

All the money raised was distributed through the Glendale From Heart Program, which allows residents and businesses to add $ 1 to the city electricity bills each month.

From the heart also receives money through donations on time.

For example, Chicago White Sox Charities donated $5,000 with money generated from the White Sox green cap auction. The auction took place while the team was in Glendale during spring training.

Once the money is collected from utility customers, businesses and other donors, the Legacy Foundation provides a 50-cent match for every dollar donated to From the Heart.

Since From the Heart began in 1997, more than $2.25 million has been collected and distributed to non-profit agencies serving Glendale residents. As the program's matching partner for the last nine years, the Legacy Foundation has contributed more than $527,000 to From the Heart.

Although the Legacy Foundation will no longer be funding the program, Scruggs is grateful for the foundation's involvement.

The second coming of the Internet bubble? | Knowledge Network ...

The graphs above do not reflect the reality of today's industry of high technology. "Digital staples" such as Pandora and Linkedin lost value immediately after their initial public offering, similar to what happened with Baidu, Renren and other Chinese IPOs. But these stories will probably deflate prices any sobriety "irrational exuberance" of future IPO companies like Zynga, Groupon and Facebook. Prices fell, but without running up huge that marks a true bubble.

Macroeconomic environment

Another thing to consider when looking for signs of a bubble is the broader economic environment. As with pricing patterns, today’s macroeconomic environment does not suggest a pending high tech collapse.

Interest rates for 30-year Treasury bonds hovered around 6 percent in the 2000s and sit today at about 4 percent. This is significantly lower than the U.S. historic mean of 7.3 percent. Low interest rates in the 2000s fueled huge credit availability in all economic sectors, which increased the money supply and pushed demand for assets — in this case, high tech startups — raising prices.

In today’s recession, low interest rates are merely pushing the demand in the domestic front, barely keeping GDP positive as banks repair their overleveraged balance sheets. Credit markets are still fragile. Transactions fueled by cheap credit in the past are virtually nonexistent today. As a consequence, prices are not being fueled by the largesse of the Federal Reserve, but by “hard” equity investors.

Cultural changes

Since the request is based on "hard money" players in Palo Alto are different this time. Many of them made their millions on the first bubble. Attention with their own money and sound business planning that prevails today.

In addition, the Silicon Valley / Alley and American culture digested the recent experience of the first tech bubble and the housing bubble, making clear to investors that there must be a business model driven by real money - somewhere. Esoteric metrics are not accepted any longer. "Earnings before interest" does not cut it. Investors want to see the cash.

Corporate involvement

Corporate involvement also provide clues about the health of markets. Microsoft stepped in with $8 billion cash before the much-anticipated Skype IPO. They clearly wanted to be part of the action.

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