People keep chipping away at the $225 million price tag for that proposed park over I-95 in Center City. On Thursday, Mayor Jim Kenney said the city wanted to budget $90 million for the park. Then PennDOT said it had committed $100 million to the project.
And now the William Penn Foundation has announced it has kicked in another $15 million. Read more »
Bond questions have been on the ballot for the last six elections. And, yesterday, Philadelphia voters passed a ballot question, 65-35, authorizing a bond measure borrowing $184 million to fund capital purposes in five categories: Transit; Streets and Sanitation; Municipal Buildings; Parks, Recreation and Museums; and Economic and Community Development. At publication, the vote total was 264,083 votes for and 132,156 votes against (99.41 percent reporting).
As Holly Otterbein wrote earlier this week, the question is fairly straightforward: By voting yes to authorize the bond measure, the city will borrow that money to fund projects such as City Council has designated. According to the Committee of 70, capital purposes means “something of value with a useful life to the City of more than five years, for example, acquisitions of real estate, or construction of or improvements to buildings, property or streets.” Read more »
A new study by GoBankingRates shows a very troubling trend for Americans: They’re not saving their money.
In fact, the study found that 62 percent have less than $1,000 in savings. Here’s how it breaks down: Read more »
A Doylestown lawyer is in big trouble with the feds, charged with insider trading and making false statements under oath.
Herbert Sudfeld, a 64-year-old man from Doylestown, Pennsylvania, was indicted Thursday, according to the U.S. Attorney’s Office. He faces two counts of securities fraud, three counts of making a false statement, and one count of “aiding and abetting.” Read more »
Photo Credit: ShutterStock
Federal prosecutors said Wednesday they’re bringing charges against Malcolm Segal — a 69-year-old from Langhorne, Pennsylvania — whom they say stole over $3 million from clients while he worked as a financial advisor at Aegis Capital Corporation. Read more »
Now that it’s been confirmed that Alexander Hamilton will be replaced by a woman on the ten-dollar bill, there’s talk that we should do the same for Andrew Jackson and the twenty. There’s already a host of ladies in the running to replace Hamilton, including historic names like the great Harriet Tubman and Eleanor Roosevelt, which means one of them will likely earn the prominent spot on the $20 if things decide to go that way. They’re all great choices, but wouldn’t it be quite the triumph to have someone local? Someone like, say, Tina Fey? One blogger on Huffington Post is arguing her case, tongue-and-cheek as it may be. The writer’s stance:
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“Well, to be honest, I’m still sucking on my mother’s tit. … Oh, and I think I’m older than you.” That’s how my date described himself during our first face-to-face encounter at a restaurant along Walnut Street.
Is it any wonder I didn’t feel a magnetic attraction, that I didn’t beg for date two?! There was something utterly gross going on—tit-sucking mom talk aside. (I had seen pictures of his mother on Facebook, and it was not pretty). Don’t get me wrong: He was handsome. But he spent half the evening bragging about how much money he had.
It started with him making it very, very, very clear that he lived in an upscale Rittenhouse condo and that he was a “big boss” at a corporate office on Market Street. I could barely get in a word as we nursed our cocktails: He pontificated about how he purchased an $8,000 camel-hair couch and asked me where my last vacation was. When I told him Las Vegas, he rolled his eyes.
“I could never go there,” he said. “It’s tacky, and with all the work I’ve had done on my face, there is no way I could just sit at a pool and lay in the sun.” Read more »
I’m how rich?!
Only two months after its Christmas Day release, American Sniper, starring Jenkintown’s Bradley Cooper, is on track to become the highest-grossing film of 2014, overtaking the current No. 1 placeholder, The Hunger Games: Mockingjay – Part 1. Deadline reports that Sniper, whose box office stands at $322.59 million to date, should surpass Mockingjay’s current $336.45 million standing by the second week of March. More:
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Florida Gov. Rick Scott waves after the swearing in for his second term as governor of Florida at the Florida state capitol in Tallahassee, Fla., Tuesday, Jan. 6, 2015. The inauguration took place in front of the Old Capitol. (AP Photo/Mark Wallheiser)
Florida Gov. Rick Scott will be in Pennsylvania next week, ostensibly on a mission to steal businesses from the state and take them back to his sunny home. The odd thing is, some of Pennsylvania’s leading business and conservative organizations are cheering him on.
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Updated with comment from the governor’s office.
In Pennsylvania, it really is true that the rich are getting richer and the poor are getting poorer.
Actually, strike that: The very rich are getting richer — and everybody else is is getting poorer.
A new study shows that the average income of the state’s families grew between 2009 and 2013, but only because the top 1 percent earned so much more than the other 99 percent of Pennsylvania residents: Everybody else — the bottom 99 percent of Pennsylvania families — saw their collective income decline by 1.1 percent.
The widening income gap was found across the country, but was particularly pronounced in Pennsylvania.
“The pattern is the same across all the states, which is the income is increasingly flowing up,” said Mark Price, an analyst with Pennsylvania’s Keystone Research Center. “It’s worse some places than others.”
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