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NEWS
January 9, 2016 | By Claudia Vargas, Staff Writer
Hours after he was reelected chairman of the board that runs Philadelphia's elections, City Commissioner Anthony Clark took steps Wednesday to cash in big. Clark, who has been criticized for not voting in years past, went to the city pension board and submitted his application for the controversial Deferred Retirement Option Plan, better known as DROP. The city's top pension official, Fran Bielli, said signing up for DROP means Clark, 56, stands to receive an estimated lump-sum payout of $495,000 plus interest if he retires on Dec. 31, 2019, when his latest term as commissioner ends.
NEWS
January 2, 2016
Incorrect lottery numbers were given for the Cash 4 Life game Wednesday and Thursday. The correct number for the Dec. 28 drawing was 07 11 16 23 24 with a cash ball of 2. A headline Thursday incorrectly indicated the status of the North Philadelphia Health System. The system is closing St. Joseph's Hospital in March but is not itself closing.
BUSINESS
December 31, 2015 | By Chris Mondics, Inquirer Staff Writer
Big law firms in Philadelphia are boosting compensation for lawyers below the partner level in a sign that the competition for talent is heating up. The most dramatic example is at the University City-based firm of Dechert L.L.P., a global firm that touts its deal-making prowess in the United States and abroad. The firm paid first-year associates a $15,000 bonus this year, on top of annual salaries of $160,000. For associates with more experience, the bonuses were much higher, as much as $100,000 for lawyers who joined the firm in 2008.
BUSINESS
December 17, 2015 | By Jonathan Takiff, Staff Writer
Nothing else gets Janet Page into the holiday spirit like a visit to the Kimmel Center for a Christmas concert with the Philly Pops. "It's so pretty and festive," the boomer show-goer said. "And the Philly Pops program is grand. " A hop-skip away at the Academy of Music, Barbara Edelstein was shepherding granddaughter Audrey Melnick, 12, plus pal Samantha Woolworth, on their seventh annual visit to the Pennsylvania Ballet's performance of The Nutcracker . "I never get tired of the dancing," Melnick said.
NEWS
December 16, 2015 | By Jan Hefler, Staff Writer
Police say a recent string of gas station robberies in Burlington City and Township may have been committed by one person. The "strong-arm robberies" occurred at three stations between Nov. 28 and Dec. 5, according to a statement Monday by the police departments of the municipalities. The robberies appear to be related "due to the similar nature in which they were committed," the news release said. In all three cases, the robber stole cash and ran off. "The suspect in all three cases is described as a black male, approximately 20-30 years old, wearing a dark colored hooded sweatshirt and/or jacket, blue jeans and white sneakers," police also said.
NEWS
November 11, 2015 | Inquirer Editorial Board
Now that U.S. District Judge Eduardo Robreno has shown the way, the Pennsylvania legislature must do its part to prevent parents and other relatives who live with someone suspected of being a drug dealer from unfairly losing their homes and property. Robreno approved a settlement last week between the Institute for Justice and the Philadelphia District Attorney's Office that puts reasonable limits on civil forfeitures, but the agreement doesn't apply outside the city. Under the state's civil forfeiture law, if police merely suspect that a house, business, car, or cash was involved in a crime, they can seize it and auction it off. The proceeds may then be banked by the local law enforcement agency.
BUSINESS
October 22, 2015 | By Jacob Adelman, Inquirer Staff Writer
Brandywine Realty Trust is shedding some South Jersey holdings as part of a sell-off aimed at raising money to sustain development plans in Center City and other core markets. The company, Philadelphia's biggest office landlord, has sold land in Mount Laurel to a hotel operator and is unloading five office buildings nearby, according to documents filed with Burlington County officials. Radnor-based Brandywine also is said to be shopping the former 30th Street Main Post Office building, which now houses the Internal Revenue Service's local staff, according to John Guinee, an analyst with Stifel Nicolaus & Co. Proceeds from these sales will likely be funneled into projects such as the FMC Tower near 30th Street Station and the eventual redevelopment of recently acquired properties on Market Street, Guinee said.
NEWS
October 20, 2015 | By Jeff Gammage and Matt Gelb, Inquirer Staff Writers
On the outside, not much has changed. The once-grand S.S. United States continues to rust along a South Philadelphia pier. On the inside, some things have significantly changed, and not for the better: The conservancy that is trying to restore the iconic ocean liner - and that set an end-of-the-month, save-it-or-scrap-it deadline - has seen its fund-raising decline dramatically. While its officials insist that a secret developer is closer than ever to a suitable proposal, the ship needs time.
NEWS
October 17, 2015 | By Julia Terruso, Inquirer Staff Writer
A couple of hundred Hillary Clinton supporters, already high off her debate performance the other night, gathered at Philadelphia's Mutter Museum Thursday to hear her husband fan their fervor and rally them to reach for their checkbooks. Bill Clinton is good at that. Six black SUVs heralded the former president's arrival at the museum's rear entrance. And there he was, in a fitted blue suit, his iconic shock of white hair highlighted by the afternoon sun. He smiled, waved, and disappeared into the building to greet some 200 buttoned-up, high-powered lawyers and politicos, who later emerged from the closed-to-the-press campaign fund-raiser almost giddy.
NEWS
October 17, 2015 | By Claudia Vargas, Inquirer Staff Writer
The Democratic National Convention Committee has settled in Philadelphia and is open for business. Jude Arijaje, owner of Minuteman Press on South Broad Street, stood next to Mayor Nutter and the Democratic National Convention Committee CEO on Thursday in his printing shop as proof that the DNC wants to partner with local businesses in advance of the party's national convention here next year. "Small businesses, large business, we want everyone to have a shot at the pie," the Rev. Leah Daughtry, the convention's CEO, said.
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