BUSINESS
August 9, 2012 | By Linda Loyd, Inquirer Staff Writer
It was a lovefest among Pennsylvania elected officials, Democrat and Republican, on the banks of the Delaware River on Tuesday. Gov. Corbett and labor, business, and government leaders gathered at Packer Avenue Marine Terminal in South Philadelphia to celebrate the continued deepening of the Delaware River's 103-mile main shipping channel that began in March 2010. The remaining legal challenge to the project, by New Jersey and some environmental groups, was tossed out by a federal appeals court last month.
BUSINESS
April 24, 2012 | By Andrew Maykuth, INQUIRER STAFF WRITER
The U.S. House Subcommittee on Energy and Water has approved nearly all of President Obama's request to finance the disputed project to deepen the Delaware River's main shipping channel to 45 feet. The subcommittee's report, released Tuesday, includes $29.45 million for the project. Obama had requested $31 million. Digging the river channel five feet deeper has been debated for nearly three decades and is supported by a bipartisan effort of members of Congress in Pennsylvania and Delaware, governors of the two states, and business and labor leaders.
NEWS
February 15, 2012
With a project vital to the Philadelphia port's future at stake, it's good to see that at least along the Delaware River, politics ebbs for some at the water's edge. Thanks to bipartisan efforts at both the state and federal level, nearly $63 million likely will flow over the next two years to advance the five-foot deepening of the river's 102-mile channel. The budget that President Obama announced Monday contained $31 million toward the work being directed by the Army Corps of Engineers - a landmark dredging effort that will enable bigger ships to reach the docks in the city and along the Camden waterfront.
NEWS
February 13, 2012 | By Linda Loyd, Inquirer Staff Writer
President Obama's new budget, to be submitted to Congress Monday, includes $31 million for continued deepening of the Delaware River navigation channel, two members of Congress said Sunday night. Supporters say deepening the 102-mile channel by five feet will allow bigger ships - and greater commerce - between Philadelphia and Camden and the Atlantic Ocean. Pennsylvania Sen. Robert P. Casey and Rep. Robert A. Brady, both Democrats, said they had learned of the decision, which was to be made public Monday.
NEWS
February 13, 2012 | By Linda Loyd, INQUIRER STAFF WRITER
It's official. President Obama's proposed $3.8 trillion budget for fiscal 2013 includes $31 million for the Delaware River main channel deepening from 40 feet to 45 feet. The U.S. Army Corps of Engineers on Monday posted details on its website of the Corps' $4.73 billion civil works spending plan for the fiscal year that begins Oct. 1. "This project has been a true regional and bipartisan effort," said Dennis Rochford, president of the Maritime Exchange for the Delaware River and Bay. The announcement followed last Tuesday's news that $16.9 million was in the Army Corps 2012 work plan, and would be used to deepen the shipping channel five more feet between Penn's Landing and Essington, starting in early August.
BUSINESS
February 7, 2012 | By Linda Loyd, Inquirer Staff Writer
The U.S. Army Corps of Engineers will allocate $16.9 million this year to deepening, by five feet, the Delaware River's main shipping channel. The announcement, expected to be published on the Corps' website as early as Tuesday, represents the most significant federal contribution to actual dredging work since the 102-mile channel deepening began. It's a victory for a bipartisan effort led by U.S. Sen. Bob Casey (D., Pa.) and joined by other members of Congress in Pennsylvania and Delaware, governors of the two states, and business and labor leaders who wrote letters, made calls, and have lobbied for months.
NEWS
February 2, 2012 | By Sandy Bauers, Inquirer Staff Writer
It lives at the bottom of the river. It's ancient and ugly - often described as a dinosaur with fins. And although it once made the region the caviar capital of the world, the Atlantic sturgeon is being declared an endangered species, a decision that could affect the Delaware River deepening project. No one is saying the sturgeon will become the snail darter of the Delaware. Officials from the National Oceanic and Atmospheric Administration's Fisheries Service, which is making final the endangered listing, and the Army Corps of Engineers say the fish does not have the power to scuttle the project.
NEWS
January 23, 2012
Melvin deserves due process Equally important to the effective administration of justice by our courts is ensuring public confidence in an unbiased judiciary. But recent calls for state Supreme Court Justice Joan Orie Melvin to vacate the bench ("Supreme Court justice needs to step aside," Wednesday) are dangerously premature and circumvent the due process that is afforded to all citizens, including judges. The circumstances surrounding the grand jury investigation of Melvin are indeed concerning.
NEWS
January 18, 2012 | By Maya K. van Rossum and Ryan Alexander
Congress declared a moratorium on earmarks to help ensure that funding decisions would be made on the basis of project merit, not political muscle. Now, inexplicably, Pennsylvania's senators are trying to get around the ban to fund the deepening of the Delaware River. This is despite reviews, reports, and testimony from Congress' independent investigative arm, the Government Accountability Office, calling into question the purported economic benefits of the project. Deepening the river's shipping channel by 5 feet, to 45 feet, is expected to cost taxpayers $277 million and generate only $13.6 million a year in income at best.
BUSINESS
January 15, 2012
"There's a fair amount of pessimism out there, but I also think that investors are slowly becoming immune to the bad news. As long as the stuff you can sink your teeth into, like corporate profit, is improving, I think it bodes well for the markets this year. " - Jack Ablin, of Harris Private Bank in Chicago, as earnings season got a positive launch by Alcoa Inc. "Despite the severe recession, and changes in the crude oil refining industry, the transportation cost savings from deepening the Delaware River remain very robust.