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NEWS
November 21, 2012 | ASSOCIATED PRESS
WASHINGTON - Federal Reserve Chairman Ben Bernanke on Tuesday urged Congress and the Obama administration to strike a budget deal to avert tax increases and spending cuts that could trigger a recession next year. Without a deal, the measures known as the "fiscal cliff" will take effect in January. Bernanke also said that Congress must raise the federal debt limit to prevent the government from defaulting on the Treasury's debt. Failure to do so would impose heavy costs on the economy, he said, adding that Congress also needs to reduce the federal debt over the long run to ensure economic growth and stability.
ENTERTAINMENT
September 22, 2012 | By Alan J. Heavens, Inquirer Real Estate Writer
Question: Is it worthwhile to add a dehumidifier to an existing heating system? If so, approximately how much would it cost? I have a gas-fired furnace and central air. Answer: Our house in the winter is not damp but dry, and I shut down the basement dehumidifier from November to April because it is unnecessary and expensive to run, although I've never broken down the electric bill to determine costs. Because the house is so dry, the gas furnace has a humidifier that adds moisture once the relative humidity falls below 30 percent (comfortable is considered in the 30 percent to 50 percent range)
NEWS
July 31, 2012
The concrete ceiling of an overhead pedestrian bridge at the King of Prussia Mall partially collapsed Sunday afternoon, causing minor injuries to a woman who was having lunch outside the Piazza DiGiorgio cafe, according to Upper Merion Township police. Police said a 12-foot-by-15-foot piece of concrete came loose shortly after 3 p.m. and fell to the ground. It landed next to the woman, and debris struck her on the head, police said. The other end of the concrete slab was still attached to the structure, just above the entrance to the Court at King of Prussia, police said.
BUSINESS
January 30, 2012 | By Mike Armstrong, Inquirer Columnist
College students are often told the sky is the limit to what they can do. For 144 industrial-design students at Philadelphia University, that limit was quite a bit lower as they spent a week reimagining the humble ceiling. In particular, teams of four or five students competed to fashion new designs using materials supplied by Armstrong World Industries Inc. , the $2.8 billion global maker of flooring, cabinets, and ceiling products. Between Jan. 17 and 24, the university held its 10th annual Sprint challenge, which simulates "real-world" constraints of limited time and budgets, said the competition's coordinator, Michael Leonard, an associate professor of industrial design.
NEWS
November 7, 2011 | McCLATCHY NEWSPAPERS
Armstrong World Industries, of Lancaster, said it acquired a Montreal-based maker of specialty metal ceilings for an undisclosed price. Armstrong said it purchased Simplex Ceilings as part of its strategy to widen its global leadership and manufacturing presence in targeted markets. Simplex is a 40-employee firm with annual sales of $10 million, according to Armstrong. Adding Simplex "expands our technical capabilities, broadens our extensive specialty ceilings portfolio and improves our service and lead times for customers in North America," Armstrong's Mike Shirk said.
NEWS
September 23, 2011 | By Alan J. Heavens, Inquirer Real Estate Writer
Question: My parents have lived in their house for 48 years. The house is about 54 years old. They have always used good-quality paint. About three years ago the ceiling began to peel. When a representative from the paint company came to inspect the situation he said it was the plaster on the ceiling and not the paint. They have delayed painting because the ceilings continue to peel. What might be the cause and what do you suggest they do? Seems like too long a time for this to happen.
NEWS
August 5, 2011 | By Lolita C. Baldor and Donna Cassata, Associated Press
WASHINGTON - The Pentagon got nearly everything it asked for during a decade of two wars shadowed by the Sept. 11 attacks and the rise of al-Qaeda. No more. It's a reality that new Defense Secretary Leon E. Panetta acknowledged Thursday, saying he "recognizes the Department of Defense has to do its part" to meet the public clamor for spending cuts. The debt deal that President Obama and congressional leaders struck this week will slice $350 billion from projected military and related spending over the next 10 years, and allows the possibility of up to $500 billion in additional reductions.
NEWS
August 5, 2011
I USUALLY don't choke on my breakfast. But one morning this week, enjoying a creme donut and a full-fat latte, I came close to needing the Heimlich maneuver. It happened when one of those overly perky TV ladies opined that the city's flash-mob problem was directly connected to cuts in social services for at-risk teens. I've actually been very good during the debt-ceiling debates. Despite a slight but ever-increasing rise in my blood pressure over the last few weeks, I've been able to tune out most of the "tea partiers are terrorists" rhetoric and keep my eye on the fiscal prize: no default, no new taxes, limited but crucial cuts in spending.
BUSINESS
August 4, 2011 | By Mark Jewell, Associated Press
BOSTON - What relief rally? Hope that the stock market would surge on news of Washington's debt-ceiling deal has given way to pessimism. Increasingly defensive-minded investors are adapting to the reality that the economic recovery is stalling, if not ending. Stocks rose slightly Wednesday - the three major indexes each rose a fraction of a percentage point - to snap an eight-day string of declines that had sent prices down nearly 7 percent. The stumble over the last two weeks complicates matters for investors who recently pulled money from the market, fearing a government default was a strong possibility.
NEWS
August 2, 2011 | By David Lightman and William Douglas, McClatchy Newspapers
WASHINGTON - After weeks of high-stakes drama that put the nation's economy at risk while Americans and the rest of the world watched in dismay, the House on Monday passed a deal, 269-161, that would raise the nation's debt ceiling immediately and reduce federal budget deficits by trillions of dollars over the next decade. Adding more drama to the proceedings, Rep. Gabrielle Giffords (D., Ariz.) returned to Congress on Monday for the first time since she was critically wounded in a January shooting spree in her district, and voted in favor of the debt-ceiling accord.
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