February 1, 2016 |
Philadelphia University president Stephen Spinelli Jr. describes the decision to become part of Thomas Jefferson University as proactive, not defensive. The merger "makes us stronger. Neither of us needed to merge," Spinelli said this month at an East Falls community meeting. But Spinelli did not gloss over the underlying economic forces confounding some colleges and contributing to his board's decision to let the 132-year-old school be taken over by Jefferson. Asked by an East Falls resident about the merger's impact on staff and faculty jobs, Spinelli said: "They are probably more assured of a position with this than they would be without it. " As his comments suggest, the future could be bleak for some small schools, as the number of high school graduates stagnates and resistance to borrowing for ever-higher tuition bills grows.
January 31, 2016
Guido Calabresi is the author of "The Future of Law and Economics: Essays in Reform and Recollection" For the last 50 or so years, there has been no approach to law that has been more influential than the use of economic theory to look at what the legal system is doing, and to rely on that theory to confirm or criticize the law. While I believe this to be an immensely useful endeavor, I also believe that the approach has increasingly been...
January 4, 2016 |
What do the knucklehead hits Step Brothers , Talladega Nights: The Ballad of Ricky Bobby , and those two Anchorman pics have in common? All directed and co-written by Adam McKay. And what does The Big Short - a prestige year-end release, based on the nonfiction prize-winning book by Michael Lewis about the housing and credit bubble that triggered the Great Recession - have to do with any of that? McKay, written and directed by. "Look at me on paper and you see the guy who did Step Brothers , and this doesn't seem like a logical next project," McKay says.
December 31, 2015
By Antony Davies and James R. Harrigan Once again, the Fraser Institute has released its annual Economic Freedom of North America report. And once again - unsurprisingly- the United States is in a downward spiral. Over the past 15 years, the United States has dropped from an 8.6 on Fraser's 10-point scale to a 7.7. In 2000, Fraser ranked the United States as the most economically free country on the planet. Today, we are 14th - less economically free than Canada, the United Kingdom, Switzerland, and the United Arab Emirates.
December 18, 2015
IT IS well-documented that the American middle class is shrinking. The Pew Research Center said recently that after four decades as the nation's economic majority, "the American middle class is now matched in number by those in the economic tiers above and below it. " Not only that, in 2015, 20 percent of adults were in the lowest-income tier, compared with 16 percent in 1971, Pew found. If you're in the middle or lower tiers, what do you do with this information? Maybe it's time to embrace a new normal, at least where it concerns your adult children starting out. Consider the message young people get when we say: * "As soon as you're 18, you're out of here.
December 7, 2015
It's December, which means it's time for economists to make their annual prognostications. And when making a forecast, it's always good to know where you have come from, so you can understand where you are going. As far as the region's economy is concerned, if the past really is prologue, next year should be very good. First, a look back at 2015. It was better, but not as strong as we would like to have seen it. The final numbers for this year will not be in for a while, but so far, economic growth has been good.
November 12, 2015 |
Sen. Rand Paul of Kentucky attacked one of the rising stars of the Republican presidential field, Florida Sen. Marco Rubio, as a big spender who would put the nation deeper into debt with a new child tax credit and $1 trillion in increased funding for the military. "You get something that looks to me not very conservative," Paul said during the fourth GOP debate Tuesday in Milwaukee. "I know that Rand is a committed isolationist," Rubio shot back. "I'm not. " Paul has not called for pulling back U.S. defenses, but has expressed caution about the use of force.
October 3, 2015
Backing Francis on economics Antony Davies and James R. Harrigan claim Pope Francis' views on capitalism and free-market economics are wrong ("Francis is the pope, but he's no economic expert," Sunday). His familiarity with economics "is predicated on fallacy and fantasy," Davies and Harrigan observe. Drawing on data from the Fraser Institute, they claim that people in free, unregulated economic markets "enjoy higher standards of living . . . and suffer less income and gender inequality.
September 11, 2015 |
Rowan University's presence and operations at its main campus in Glassboro generate an annual economic impact of about $108 million, according to a report the university commissioned. The report was released Tuesday and prepared by Philadelphia-based Econsult Solutions Inc. Econsult reported in February that Rowan directly spends $650 million in New Jersey, generating a total statewide impact of $1.23 billion. Rowan paid $45,000 for the two reports. In Glassboro, Rowan directly spends about $89.4 million each year, including $29.3 million by students and $55.2 million in operations.
July 23, 2015 |
HAZEL GRAY didn't hesitate to take a share of the credit for the success of her famous son, the late Rev. William H. Gray III. She believed that his attainments as a Baptist minister, congressman and head of the United Negro College Fund could be traced back to the values he was taught at home. "He was a very good boy," she once said of her son. "It was just expected and never questioned that children would be obedient and respectful. That seems to be missing in many homes these days.