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Economics

NEWS
October 21, 2013 | By Suzette Parmley, Inquirer Staff Writer
Government officials hailed the New Jersey Economic Opportunity Act of 2013 as "a game-changer" at a regional economic summit Friday. "This is the most influential piece of legislation ever to impact South Jersey," Camden County Freeholder Director Louis Cappelli Jr. told about 300 business leaders, bankers, academics, entrepreneurs, and others at the Westin Hotel & Conference Center in Mount Laurel. "You should all get to know it. " Cappelli spoke at the eighth annual Tri-County Economic Development Summit, which gives an update on the region's economic health.
BUSINESS
September 6, 2013 | By Reid Kanaley, Inquirer Staff Writer
Driven by spending on cars and housing-related goods, economic activity continued to expand at a modest to moderate pace across the country during the summer, the Federal Reserve said Wednesday. Reports from the Fed's 12 regional banks, including Philadelphia, show that the period from early July through late August saw at least steady hiring as inflation remained "subdued. " The Dow Jones industrial average fell a bit after the 2 p.m. release of the closely watched Fed report, called the Beige Book.
NEWS
July 26, 2013
IT'S BEEN a little funny, but mostly sad, to watch Republicans try to be reasonable about immigration reform. Justifiably concerned that their party has become essentially a vessel for the identity politics of disaffected older white people, in a country where it's becoming increasingly clear that this is a losing formula, some Republican leaders have shunned their Obama-era instinct to resist and attempted to actually help someone. But every time it looks like progress is being made, the party's vicious id flares up again, as it did this week when Iowa Rep. Steve King made these insightful comments about young illegal immigrants to the conservative website Newsmax: "For every one that is a valedictorian, there are another 100 out there who weigh 130 pounds and have calves the size of cantaloupes because they've been hauling 75 pounds of marijuana across the desert.
BUSINESS
July 25, 2013 | By Philip Elliott, Associated Press
Grants and scholarships are taking the lead in paying college bills, surpassing the role parents have long played, according to a report from Wilmington-based loan giant Sallie Mae. College costs are driving decisions about which schools to attend, which subjects to study, and even where to live. The recession has passed, but the survey found that economic worries have not, and that many families are making college choices driven by fears of tuition increases and job losses. "Parents are willing to stretch themselves," said Sarah Ducich, Sallie Mae's senior vice president for public policy.
NEWS
July 18, 2013 | By Chris Mondics, Inquirer Trenton Bureau
TRENTON - Senate and Assembly leaders have put off final action on a bill that would overhaul the state's economic development programs as they work out last-minute differences. The measure, which passed the Senate in late June but then got bogged down over disagreements with the Assembly, now is expected to come up again in August, when it is likely to pass, say legislative sources. "I am confident that we will soon put a bill on the governor's desk," said Sen. Raymond Lesniak (D., Union)
NEWS
July 9, 2013 | By Chris Palmer, Inquirer Staff Writer
GETTYSBURG - One-hundred-fifty years ago last week, the Confederate Army retreated from blood-soaked fields here with their numbers depleted by catastrophic casualties. But in 2013, as visitors, spectators, and reenactors left Gettysburg following a 10-day sesquicentennial celebration, the activities in this rural town were decidedly more positive. Carl Whitehill, a spokesman for the Gettysburg Convention & Visitors Bureau, said total attendance was well over 100,000. A final tally will be unavailable for several weeks, he added.
NEWS
July 1, 2013 | By Nedra Pickler, Associated Press
CENTURION, South Africa - President Obama is receiving the embrace you might expect for a long-lost son on his return to his father's home continent, even as he has yet to leave a lasting policy legacy for Africa on the scale of two predecessors. Presidents Bill Clinton and George W. Bush passed innovative Africa initiatives while in the White House and passionately continue their development work in the region in their presidential afterlife. Obama's efforts here have not been so ambitious, despite his personal ties to the continent.
NEWS
June 19, 2013 | By David Espo and Erica Werner, Associated Press
WASHINGTON - Sweeping immigration legislation moving toward a vote in the Senate would boost the economy and reduce federal deficits, the Congressional Budget Office said Tuesday, at the same time it would bestow legal status on an estimated eight million immigrants living in the United States unlawfully. In an assessment that drew cheers from the White House and other backers of the bill, Congress' scorekeeping agency said the measure would reduce federal red ink by $197 billion across a decade, and $700 billion in the following 10 years as increased taxes paid to the government offset the cost of government benefits for newly legal residents.
BUSINESS
June 14, 2013 | By Matthew Craft, Associated Press
NEW YORK - Good news about hiring and spending at retail businesses helped send the U.S. stock market sharply higher Thursday. For investors, the pair of government reports offered more encouragement that the U.S. economic recovery will continue even as Europe and Japan struggle. The Standard & Poor's 500 index soared 23.84 points, or 1.5 percent, to 1,636.36. The gains were broad. All 10 industry groups within the S&P 500 rose, led by retailers and other consumer-discretionary companies.
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