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NEWS
February 21, 2014 | BY JENNY DeHUFF, Daily News Staff Writer dehuffj@phillynews.com, 215-854-5218
THE CITY Ethics Board - which has grappled with how to regulate gift-giving to city officials and their staff for months - is happy City Council is moving toward changing the laws that were tying their hands, the board signaled yesterday during its regular monthly meeting. An ordinance, introduced by all members of Council on behalf of Council President Darrell Clarke, amends a portion of the Philadelphia Code by placing limits on gifts from anyone having a financial interest in a city matter to any employee who can affect official action.
NEWS
February 19, 2014 | By Susan Snyder, Inquirer Staff Writer
STATE COLLEGE, Pa. - A still-fractured Pennsylvania State University came together Monday in perhaps its most unified showing since the child sex-abuse scandal erupted, as its board of trustees unanimously voted to hire a new president. Eric J. Barron, a climatologist with 20 years' experience at Penn State who most recently served as president of Florida State University, will start on or before May 12. "I hope the winds of change are blowing in the form of a renowned climatologist named Eric J. Barron," said university trustee Anthony Lubrano.
BUSINESS
February 18, 2014
The Academy of Natural Sciences of Drexel University , the nation's oldest natural-history museum, named the following members to its governing board: Robert Drury , a partner at Laurel Capital Partners, a Radnor-based private-equity firm; Ellen Harvey , managing director at Miller Investment Management and principal at Lindsay Criswell L.L.C., and Jun Huangpu , owner of Cobbs Creek Healthcare and with Healogix. Dawn Bricker has been installed as the 2014 governor of the New Jersey Women's Council of Realtors , a national professional-development organization.
BUSINESS
February 13, 2014 | By Bob Fernandez, Inquirer Staff Writer
Upping the heat on Time Warner Cable Inc., rival Charter Communications Inc. formally launched a hostile proxy fight by proposing to oust Time Warner Cable's board and replace it with 13 new directors. A proxy fight was a remaining option for Charter after Time Warner Cable rejected three buyout bids, the last in January for $132.50 a share in cash and stock. Time Warner Cable closed at $134.90 Tuesday, down 0.59 percent. In a proxy vote, Time Warner Cable shareholders, such as pension funds, can vote for directors nominated by the company's management or directors nominated by Charter.
NEWS
February 11, 2014 | BY SEAN COLLINS WALSH, Daily News Staff Writer walshSE@phillynews.com, 215-854-4172
THE PENSION crisis facing Philadelphia - and cities and states across the country - is almost universally blamed on the kick-the-can-down-the-road tactics of past politicians, who promised costly retirement benefits to workers without creating revenue streams to pay for them. Now, just as governments begin to tackle this reality, some economists and observers are saying that officials are once again kicking the can. But this time, the maneuver is a little trickier. In short, governments are assuming that their pension-fund investments will do better in the market than many believe is possible.
NEWS
February 4, 2014 | By Allison Steele, Inquirer Staff Writer
On calendars and in his head, Stephen Gallo tracks the number of days that have passed since his 19-year-old daughter, Nicole, was killed by an intoxicated driver. Gallo's mother, Donna, has watched her daughter's friends graduate from college, and seen her son pass his sister's age. Life moves on. But for the Gallos, time stopped the day Rachael Jankins killed Nicole in August 2009. When the Gallos learned that Jankins, 25, was up for parole last year, they took part in a new program that lets crime victims meet privately with the state parole board and testify about the impact of the crime.
NEWS
February 3, 2014 | By Jennifer Lin and Harold Brubaker, Inquirer Staff Writers
PHILADELPHIA During three days of testimony last week for a second casino license in Philadelphia, the questions from commissioners were almost as important as the answers from the five applicants. And it was clear from their back-and-forth that this state gaming board wants to minimize risk and avoid past mistakes. More than once, commissioners invoked the names of Foxwoods and Revel like warnings. The Foxwoods group lost its license for a South Philadelphia waterfront casino after repeated internal setbacks.
NEWS
January 31, 2014 | BY DAVID GAMBACORTA, Daily News Staff Writer gambacd@phillynews.com, 215-854-5994
STEP RIGHT UP, ladies and gentlemen, and hear all about the life-changin', heart-racin', neighborhood-revitalizin' benefits of a new-fangled casino in Center City or South Philadelphia! OK, OK: The hucksterism didn't quite reach that level yesterday when the Pennsylvania Gaming Control Board held suitability hearings for two of the five applicants angling for the city's second casino license. But the honchos behind the proposed casinos - Market8, at 8th and Market streets; and Casino Revolution, at Front Street and Pattison Avenue - each stated that theirs was truly the best location for a new casino, and destined to spur development in their respective neighborhoods.
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