May 18, 1990 |
What if President Bush had his way and persuaded Congress to pass a cut in the capital-gains tax? What if, instead, Sen. Patrick Moynihan (D., N.Y.) had his way and managed to get a cut in the Social Security tax? What if both taxes were cut and, at the same time, the tax rate on incomes above $200,000 a year were raised from 28 to 38 percent? What if, to raise revenues, Congress enacted a $5-a-barrel fee on imported oil? A 50-cents-a-gallon tax on gasoline? A 1 percent national sales tax?
October 11, 2005 |
Robert J. Aumann and Thomas C. Schelling won the Nobel Prize in economics yesterday for establishing game theory as the dominant approach to understanding conflict and cooperation between countries, individuals and businesses. Game theory is a branch of mathematics that uses models to study strategies that can be applied to price wars, labor negotiations, arms races and warfare. Aumann, 75, an Israeli American, and Schelling, 84, an American, were honored for their contribution to understanding why "some groups of individuals, organizations and countries succeed in promoting cooperation while others suffer from conflict," said the Royal Swedish Academy of Sciences, which selects the winner.
December 12, 1998 |
From watching the national media discuss the roller-coaster stock market, you'd think that everyone owned stocks. But most Americans have gained nothing from the bull market of the 1990s. Federal Reserve chairman Alan Greenspan himself reminds us that stock market increases have not led "to a rise in the share of stock and mutual-fund assets owned by the bottom 90 percent of the wealth distribution. " When the stock market plummeted a few months ago, the good news was that the sinking tide didn't lower all boats.
January 14, 1994 |
The man who was struck and killed by an Amtrak train near the Bryn Mawr station Wednesday night was identified yesterday as John F. Stehle, an assistant professor of economics at Villanova University. Stehle, 43, of Bryn Mawr, was standing on the eastbound tracks about 200 feet from the station when he was struck by the Harrisburg-to- Philadelphia train. He was pronounced dead at Bryn Mawr Hospital. Lower Merion Police Lt. Mike Tansey said police do not know why Stehle was standing on the tracks.
November 15, 2008 |
Maybe it was her fake boobs, or violet-colored contact lenses, or her bodacious, bikini-clad body. Whatever the allure, Edward Anderton seemed to have lost his head when he met Jocelyn Kirsch, his ex-lover. Yesterday, he lost his freedom, too. Anderton, 25, the brainy half of the identity-theft duo known as "Bonnie and Clyde," was sentenced to four years in federal prison without chance of parole. At the sentencing, Anderton stood before the judge and accepted responsibility and expressed remorse for a year-long crime spree in which he and Kirsch stole more than $119,000 to fund a lavish, jet-setting lifestyle.
November 23, 1991
The byline of a Nov. 15 Commentary Page article about cable television regulation was misspelled. The article was written by John F. Stehle, an assistant professor of economics at Villanova University.
September 23, 2011
Player School Class Major Dan Drazen Rutgers-Camden Jr. Economics Brendan Kelly Villanova Sr. Finance Andrew Mason Temple Sr. Real estate Michael Serensits Drexel Jr. Bus. admin. Greg Verde Cabrini So.
September 20, 2014 |
James Shorten Cross, 97, an oil-industry expert who helped lay the groundwork for the country's Strategic Petroleum Reserve during the energy crisis of the 1970s, died Thursday, Sept. 11, of causes related to aging at White Horse Village in Newtown Square. Dr. Cross lived in Merion starting in 1953, and 10 years later moved to Hunting Hollow Farm in Edgmont. He retired to White Horse Village in 2006. From 1953 until 1975, Dr. Cross served as chief economist and director of the Economics and Industry Affairs Department for Sun Oil Co. In 1968, he was appointed director of the Office of Statistical Services in the U.S. Department of the Interior's Emergency Petroleum and Gas Administration.
October 10, 2012 |
The Rev. John J. Farrell, 79, president of Biscayne College in Miami from 1975 to 1980 and a development office executive at Villanova University from 1980 to 1993, died Friday, Oct. 5, of heart failure at AristaCare at Meadow Springs in Plymouth Meeting. Born on Staten Island, N.Y., Father Farrell studied at the Augustinian Academy there from 1946 to 1950, then entered the Augustinian religious order and was ordained a priest in 1959. Father Farrell earned a bachelor's degree in philosophy at Villanova in 1955 and completed his theological studies in 1959 at Augustinian College in Washington.
January 29, 1999 |
The Rev. Edward J. Burns, 83, an Augustinian priest and retired professor, administrator and missionary, died of a stroke Tuesday at Paoli Memorial Hospital. He lived at St. Thomas Monastery at Villanova University. Father Burns was born in Torrington, Conn., and graduated from Torrington High School. In 1934, he entered the Augustinian Order of the Province of St. Thomas of Villanova. In 1937, he graduated from Villanova College with a bachelor's degree in philosophy and then went on to study theology at the Augustinian College in Washington.