September 17, 2014
APPLE'S RELEASE of the Apple Watch and iPhone6 makes it clear that Silicon Valley's future will be directly tied to its ability to protect tech users' privacy. Securing Americans' personal information in an increasingly tech-dominated world has to be a higher priority for tech leaders and the valley's congressional and legislative delegations. Their failures up to now have left them, shall we say, exposed to the point of embarrassment. The confidence Apple executives expressed in their ability to protect customers' private information would be more believable if the whole world hadn't just seen nude photos of Jennifer Lawrence and other celebrities courtesy of hackers who broke into supposedly secure private Apple accounts.
August 6, 2014 |
A FORMER longtime employee at the U.S. Department of Labor's Philadelphia office and a relative were held for trial yesterday on charges that they used credit cards to steal more than $4,100 in gasoline last year. Municipal Judge Patrick Dugan ordered Rhonda Winston, 54, and Maleek Adams, 24, to stand trial on charges of forgery, conspiracy, theft by deception and related counts after a preliminary hearing. The judge dropped a charge of possession of an instrument of crime that both defendants had faced.
July 21, 2014 |
Two Montgomery County brothers and a Philadelphia man have been charged in a scam that "duped" more than 70,000 people into buying a credit card they thought would help them buy merchandise over the Internet while improving their credit score, the U.S. Attorney's Office in Philadelphia said Friday. Blake Rubin, 30, of Huntingdon Valley, faces a prison term of up to 45 years and a $750,000 fine if convicted. Chase Rubin, 28, of Rydal, could get a maximum sentence of 65 years and a $1 million fine.
July 18, 2014 |
Penn Medicine Tuesday announced a data breach involving receipts from Penn Medicine Rittenhouse that were stolen last month from a locked office in Pennsylvania Hospital. Notifications of the theft were sent to 661 patients Monday, said Susan Phillips, a senior vice president and spokeswoman for the health system. She said no arrests have been made. There have been no instances of identity theft related to theft. Phillips said that was a "very low risk. " Many of the receipts were found on hospital grounds.
July 11, 2014 |
THE CRINKLED brown lunch bag near Donna Kerwick's desk at the Philadelphia Parking Authority is filled with dozens of condoms. The receipt on the outside reads: "Rubbers: Small, medium, large. " The bag is stuffed in between a violin, a wheelchair and other items that, like the bag of condoms, were left behind in taxis and turned over by drivers who wanted to do the right thing. Nobody knows what the owner of the bag of condoms wanted to do. Kerwick, an analyst for the enforcement department of the PPA's Taxi and Limousine Division, headquartered at Swanson Street near Wolf in South Philly, is tasked with logging, tracking and reuniting people with items they've left behind in Philadelphia taxis.
May 21, 2014 |
West Chester investment-fund manager Richard Gates and his twin brother, Kevin , are going to need Acela frequent-rider passes if their preemptive fight against the Federal Energy Regulatory Commission keeps up much longer. "It's my fifth trip down to D.C. in the last couple of months," Richard Gates said Monday. He runs the TFS mutual funds and other portfolios with assets totaling $2 billion with his brother and other math-genius partners. Kevin Gates served on a panel called "Mugged by the State: When Regulators and Prosecutors Bully Citizens" at the government-skeptical Cato Institute on Monday while Richard Gates was preparing for Tuesday's Senate committee hearing over whether President Obama's pick, Norman Bay , should chair the FERC board.
March 7, 2014
I LIKE TO hear from readers, especially those with specific questions about financial issues. Here are five: Q: Given the increased frequency with which credit cards are being compromised, I wonder if using a secure credit card is a safer way to shop online. My reasoning is that a secured credit card requires the user to deposit money into a bank account. Because this account wouldn't be linked to my checking, it seems more secure. Should the account become compromised, the only risk is what money you've already earmarked for online shopping.
January 27, 2014 |
PHILADELPHIA To illustrate his point, Spencer Ackerman ordered the panel moderator to hand over her wallet, from which he then withdrew a credit card. "I'm going to make a little indentation copy of it," Ackerman, the national security editor for the Guardian newspaper, told about a hundred in the audience at the American Library Association's annual meeting at the Convention Center in Philadelphia on Saturday. "Now, I have an impression of her credit card. Have I taken something from her when I took the card or only when I use the impression to make a purchase?"
January 20, 2014 |
Credit-card debt can sneak up on you. If you think $20,000 in such debt is no biggie, you're wrong. If you think you'll never have to deal with that kind of number, better think again. For all but a few of those facing it, living with a credit-card debt of $20,000 or more is a major life problem. A Credit.com online survey this month found 5 percent of respondents had such debt - and a significant portion of that group thought most people were like them. The most common reason for running up such debt, the post says, is that people "don't have sufficient income to cover their expenses.
December 24, 2013 |
Give yourself the gift of losses. There are only six trading days left in 2013, so it's time to review your portfolio to see if there are any tax losses you can harvest. In other words, sell your portfolio's losers, use the losses to offset realized taxable gains, and lower your 2013 tax bill. Remember, you need to act by Dec. 31. Tax-loss harvesting, or selling investments such as stocks, bonds, and mutual funds that have lost value, can reduce your taxes on capital gains realized from selling winning investments.