January 12, 2016
It's been a harsh winter for investors in master limited partnerships (MLPs), which invest in energy pipelines and oil and gas exploration. Oil prices dropping by half has routed the sector. And one of the most popular MLPs, Kinder Morgan, is an example of what may happen with other MLPs this year. In December, Kinder Morgan Inc. (KMI) said it would slash its quarterly dividend to $0.125 per share ($0.50 per share annually), vs. its previous payout of $0.51 per share ($2.04 annually)
January 5, 2016 |
Here is a 2016 "calendar" to keep you up at night. Don't hold me to the dates, but if the next 12 months pass without our witnessing these unsettling moments, then America will be truly blessed. January. We know the date, for sure: Jan. 12. That's when President Obama will deliver his last State of the Union Address. What's not known is whether he'll have anything new to say about America's place in the world and how he'll deal with ongoing challenges such as ISIS, Syria, Iran, Russia, North Korea, and China.
December 16, 2015 |
Just when things in Colwyn appeared to be turning around, the tiny Delaware County borough has returned to its normal status: chaos. On Monday, Pennsylvania Auditor General Eugene DePasquale said audits of the borough fire company's relief association uncovered nearly $90,000 in unauthorized and undocumented spending. As a result, state funds for the volunteer organization have been put on hold. The news comes two weeks after Colwyn's council appeared to make strides toward recovery by approving a financial plan from the state, yet its implementation remains uncertain.
October 28, 2015 |
I'm afraid I have some bad news for you today, so it might be a good idea to sit down if you are not, or to remain seated if you are. Ready? Here we go. The NBA is letting the 76ers play again this season and it starts Wednesday night. I know, I know. Try to breathe. Get some water. You knew this was coming. Better? OK, I'm sorry to have to tell you something else. There is more bad news. No, no. Alexey Shved isn't coming back, but you're on the right track. The Sixers are going to be even worse this time around.
October 12, 2015 |
The last decade of the 20th century was rough on Mexico City. Everything that was already spinning out of control got worse: political corruption, the economy, social inequity, poverty, violence. But, as often happens in periods of crisis, art thrived on the bad news. Artists who might otherwise have been drawn to traditional modes of art-making turned to installation, performance, actions, video, and other more socially engaged art practices that could exert a physical intervention with, or offer a sharp rebuke to, the status quo. "Strange Currencies: Art & Action in Mexico City, 1990-2000," at the Galleries at Moore College of Art & Design, is the first exhibition to thoroughly examine that change in Mexico City's cultural landscape through the works of artists who lived and worked there in the 1990s.
December 22, 2014 |
By the end of last week, Joe O'Brien was reeling. It took O'Brien, the executive director of the Chester County Intermediate Unit, a few days to wade through the long-awaited 111-page grand jury report that described mismanagement, unethical behavior, and theft of student funds at the Coatesville Area School District. "It was painful," O'Brien said Friday. The release of the report by county prosecutors Monday capped an 18-month investigation that culminated in the arrests of Richard Como, a former superintendent, and former athletic director Jim Donato on misappropriation of funds and other charges.
December 13, 2014 |
ATLANTIC CITY - A city tax lien sale brought faltering Atlantic City some pre-Christmas cheer Thursday - a $22 million tax bill from bankrupt Trump Plaza and Taj Mahal will be paid - but also some coal: Nobody bid on a $32.5 million unpaid tax bill from Revel. "I'm concerned," said the city's revenue director, Michael Stinson, after the four-hour sale, with a total of nearly $59 million in owed taxes on 1,000 properties, yielded at most half of that. Stinson said the tax sale plus an imminent $40 million note sale should be enough to get the city over the immediate 2014 budgetary crisis.
September 26, 2014 |
FOLLOWING his first season as a head coach, Brett Brown has become addicted to a bracelet he wears on his left wrist that tells him every detail about his night's sleep and monitors how many miles he logs on his feet per day. Sleep, to say the least, would appear to be way down on the list of priorities for the overexcited coach. Nineteen-win seasons usually will create some deprivation in the sleep department, but having to totally rebuild an organization and do it with two first-round picks from this summer who most likely won't play this season will add to it. But he preaches "career-best fitness" to his team constantly, and if he doesn't take care of himself, then what's the point?
August 30, 2014 |
Bad times keep coming for Malaysia Airlines, the majority-government-owned carrier that lost airplanes in two tragedies this year. With a heavy financial hit expected in the second half of the year, the airline said Thursday that it lost $95 million in the second quarter, ended June 30, compared with a loss of $58 million in the same period last year. After the mysterious disappearance of Flight 370 in March with 239 passengers and crew members on board, the carrier's revenues decreased by 5 percent, to $1.1 billion.
August 15, 2014 |
ATLANTIC CITY - Absorbing wave upon wave of bad news about the resort town they are paid to promote, Atlantic City's beleaguered marketers have reached into their quiver to fire back. "Atlantic City Responds to Negative Press with what else, an ad," is how Jeff Guaracino, chief strategist and communications officer with the Atlantic City Alliance, put it Wednesday, a day after the stunned town absorbed the blow of the announcement that the big glass ball-topped Revel would be closing Sept.