March 13, 2013 |
President and CEO Matthew A. Reilly's office at Moorestown Ecumenical Neighborhood Development Inc. is in the basement. His office door opens into a waiting room where tenants and would-be tenants gather. And that's exactly how this boss likes it. "I hear their conversations. I hear their needs," says Reilly, 63, who has run MEND since 2001. "It's important for me to stay in touch with what's going on. " Founded in 1969 by the same nine township churches with which it remains affiliated, MEND is a respected provider of affordable housing.
March 10, 2013
Coolidge By Amity Shlaes Harper. 536 pp. $35 Reviewed by Bob Hoover Amity Shlaes, a onetime editorial writer for the Wall Street Journal, is the author of The Forgotten Man (2007), an attack on the New Deal that sang the praises of Pittsburgh millionaire Andrew Mellon, secretary of the treasury under three presidents, for his pro-business, small-government policies. She now turns to another "forgotten man," Calvin Coolidge, whose presidency Mellon dominated.
March 5, 2013 |
DESPITE HIS penchant for the Boston brogue, Ben Affleck apparently can do a wicked Philly accent. At least according to William Goldenberg , the Philly-born editor who took home an Oscar recently for his work on the best-picture-winning "Argo. " Goldenberg also was nominated for his work on "Zero Dark Thirty. " According to Goldenberg, Affleck does a spot-on impression of him. "He's a great mimic," Goldenberg said. After Goldenberg, a Northeast High and Temple alum, won his Academy Award, he told reporters that his experience working in his father's Philly deli helped to teach him the importance of keeping all of the plates spinning in his professional career.
March 4, 2013 |
WASHINGTON - President Obama on Monday will nominate Wal-Mart's Sylvia Mathews Burwell as his next budget director, a senior administration official said. If confirmed by the Senate, Burwell would take the helm at the Office of Management and Budget at a time of heated budget battles between the White House and congressional Republicans. She would also bring more diversity to Obama's second-term cabinet following criticism that many top jobs were going to white men. The president will announce Burwell's nomination during a White House ceremony Monday morning, said the official, who requested anonymity in order to confirm the nomination ahead of Obama.
February 24, 2013 |
Prosecutors say a former director of a North Philadelphia credit union stole more than $500,000 from the institution, a theft that contributed to its collapse. Miqueas Santana, 43, faces charges of money laundering and embezzlement from the Borinquen Federal Credit Union. The charges were filed Thursday and announced Friday by U.S. Attorney Zane David Memeger. Borinquen, a Hunting Park thrift that for decades served low-income Hispanics in North Philadelphia, collapsed two years ago after investigators uncovered widespread fraud.
February 18, 2013 |
Press 1 if you're disturbed to discover that more than one in four consumers found a "potentially material error" on a credit report from Experian, Equifax or TransUnion, according to a new study of credit reporting commissioned by the Federal Trade Commission. Press 2 if you're dismayed to learn that 21 percent of the study's participants won corrections to at least one of their credit reports. Press 3 if you're angry to hear that a quarter of those found an error big enough to cut their credit score more than 20 points - enough, say, to raise their rate on a car loan.
February 15, 2013
LUCKY YOU if you're one of the many consumers who recognize an error in your credit file and are able to successfully dispute it, get it removed and receive the credit rating you deserve. But woe to those who find errors and still have trouble getting corrections from any of the three major credit bureaus - Equifax, Experian or TransUnion. That's the conclusion of a long-awaited study by the Federal Trade Commission on credit-report accuracy. Each credit bureau maintains files on more than 200 million consumers and uses them to create credit histories.
February 13, 2013
Although it's late to the game, the Justice Department deserves polite applause for taking the credit-rating agency Standard & Poor's to task with a civil complaint against it and its parent, McGraw-Hill Cos. S&P is one of three major credit-rating firms whose faulty predictions lulled investors into thinking exotic mortgage-backed securities were a good bet. As it turned out, they were such a lousy bet that they helped bring on the 2008 crash that still...
February 12, 2013 |
Companies that issue credit cards can no longer market them to students at New Jersey public colleges under a law Gov. Christie signed Thursday. "These kids are carrying enough debt through student loans, through whatever costs they have for education," said Assemblywoman Celeste Riley (D., Cumberland-Gloucester-Salem), a supporter of the new law. Riley described students as feeling pressured by "predatory soliciting" practices when credit-card companies market through campus displays or alumni association partnerships.