March 14, 2013 |
The Philadelphia School District borrowed $300 million just to pay bills through June. School officials are demanding up to $180 million annually in givebacks from teachers and other staff. And they just voted to close 23 schools. But as Mayor Nutter prepares his budget address for City Council on Thursday, it seems unlikely that he will ask for another big-check, tax-hiking infusion of cash to help keep the School District afloat, like the ones approved by Nutter and Council the last two years.
March 6, 2013 |
The 76ers are 12 games under .500 with 24 to play, and even an optimist would say a playoff berth is unlikely. So, is this the time to work in some younger players such as forward Arnett Moultrie? Or should the team still aggressively pursue every win? In the eyes of coach Doug Collins, it's actually both, with the primary emphasis on winning. Even after playing back-to-back games - Saturday's home win over Golden State and Sunday's 90-87 loss in Washington - the Sixers were back at practice on Monday.
March 6, 2013 |
Luck arrived last night for a lottery player in Delaware County, but is about take a hike for another in Montgomery County. Together, we're talking more than a million dollars here. Monday night's Cash 5 jackpot was worth $728,528.50, and the winning ticket was purchased at the Wawa at 600 S. Governor Printz Blvd. in Essington . The winner matched all the numbers: 9, 13, 20, 29 and 31. Time is running out, however, for a Cash 5 ticket worth $325,000 for the March 18, 2012, drawing.
February 21, 2013 |
WASHINGTON - Former Rep. Jesse Jackson Jr., holding back tears, entered a guilty plea Wednesday in federal court to criminal charges that he engaged in a scheme to spend $750,000 in campaign funds on personal items. He faces 46 to 57 months in prison, and a fine of $10,000 to $100,000, under a plea deal with prosecutors. A few hours later, his wife, Sandra Jackson, pleaded guilty to filing false joint federal income tax returns that knowingly understated the income the couple received.
February 15, 2013
DEAR ABBY: It bothers me greatly to know that so many children continue to start smoking at an early age. My husband and I did that, and now we're paying an awful price. We have had emphysema for years. Four of our children also took up the habit. I finally started paying them to quit ($100 every two weeks they didn't smoke - up to five payments). I decided to head off the temptation our grandchildren would face. We told them if they didn't start smoking by the age of 18, we'd pay them $2,000.
February 14, 2013
Q: Do annual reports indicate how overvalued or undervalued a company's stock is? - R.N., Jacksonville, Fla. A: Not usually, but you'd do well to read your holdings' annual reports anyway. If you're a novice, at least read the chief executive's letter to shareholders, which offers a sense of management character and the company's strategic plan. The financial statements can be even more informative. The balance sheet will show the firm's financial health at one point in time, including its cash, money it owes, money owed to it, etc. The income statement (or the statement of operations)
February 13, 2013 |
Apple CEO Tim Cook is calling a shareholder lawsuit against the company a "silly sideshow," even as he said he was open to looking at the shareholders' proposals for sharing more cash with investors. Investor David Einhorn sued Apple Inc. last week, saying a proposal slated for a vote at the company's annual meeting in two weeks would make it more difficult to enact his plan to reward shareholders by distributing a new class of shares. Cook said Apple's proposal would put more power in the hands of shareholders, making it difficult to understand why a shareholder would fight it. Calling the fight a waste of time, Cook said Apple would not waste money by mailing shareholders to try to persuade them to vote for the proposal.
February 7, 2013
Q: Where can I see historical price-to-earnings (P/E) ratios? - D.L., Columbus, Ind. A: It's good to seek out such numbers, because when you compare them with a company's recent P/E, you get a sense of how overvalued or undervalued it might be. The website ycharts.com has several years' worth of P/E numbers. At morningstar.com, enter the ticker symbol to get to a company's page, then click on the "Valuation" tab. You'll get the current P/E, the average P/E for the company's industry, the S&P 500's current P/E and the company's five-year average P/E. There's even a "forward" P/E based on expected earnings over the coming year.
February 5, 2013 |
Two years ago, Marco Gigliello shut down his Mount Laurel jewelry store, Reflections of Venice, and opened a cash-for-gold shop along Route 70 in Cherry Hill. Erlton Cash for Gold has jewelry, coins, and silverware on display, but "nobody buys anything," Gigliello said, standing behind the counter of his shop one afternoon last week. He instead makes his money selling gold to refineries. It's a business that, in a sign of the times, has exploded in Cherry Hill. The township now counts 27 cash-for-gold shops, up from five just five years ago. Now the township wants greater authority to regulate those shops, already subject to a state law requiring that they turn transaction records over to police.
January 25, 2013
IN THE SPIRIT of the civil-rights leader whose memory we honored this week, I have a dream concerning the just-canceled 29th Philadelphia International Cycling Championship, scheduled for June 2. I have a dream that the event will be rescued. I have a dream that when U.S. Rep. Bob Brady meets Friday at 11 a.m. with city, race and Manayunk officials, he will find a way to offset the rising expenses, the given reason for the cancellation. I have a dream that the event will find a new corporate sponsor to front about $1 million.