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NEWS
March 23, 2014 | By Suzette Parmley, Inquirer Staff Writer
VOORHEES Last year's passage of the Economic Opportunity Act rejiggered the formula to give South Jersey access to grants and tax incentives to lure businesses and investors - development carrots that the more heavily populated northern end of the state previously held claim to. Six months after the measure became law, many say the ripple effect is already being felt regionally. Among them are officials in Camden County and those as far south as Cumberland and Salem Counties who gathered Friday in Voorhees.
NEWS
March 13, 2014 | By Vernon Clark, Inquirer Staff Writer
PHILADELPHIA It has been used with great effect to challenge those in power and bring about social change, to further the civil rights movement, to end apartheid in South Africa, and to advance the cause of the United Farm Workers in California's San Joaquin Valley. An exhibit opening Wednesday at the offices of the American Friends Service Committee (AFSC) titled "Boycott! The Art of Economic Activism" illustrates the power of boycotts in bringing about change around the world over the last 50 years.
NEWS
February 1, 2014 | By Michael Matza, Inquirer Staff Writer
Set aside any moral imperatives, political experts told an audience Thursday at the University of Pennsylvania: The strongest argument for immigration reform is financial. "America is in a global battle" for capital and labor "to grow our economy," said former Mississippi Gov. Haley Barbour, a former head of the Republican National Committee. If we educate immigrants at our universities but don't make it possible for them to stay in America, he said, the businesses they start, often with hundreds of jobs, "end up in Mumbai" instead of Memphis.
NEWS
January 31, 2014 | By Bonnie L. Cook, Inquirer Staff Writer
Holland Hunter, 92, of Haverford, an expert on Russian transportation policy and professor emeritus of economics at Haverford College, died Saturday, Jan. 18, of pneumonia at the Quadrangle in Haverford. Dr. Hunter grew up in Geneva, Ill., the son of real estate developer Harry Holland Hunter and Hester Hunter, an advertising copywriter. He graduated from the Fountain Valley School in Colorado and received his bachelor's degree in economics from Haverford College in 1943. After completing a master's degree in 1947 and a doctorate in 1949, both in economics from Harvard University, he returned to Haverford College.
BUSINESS
January 17, 2014
Reports from the 12 regional banks of the Federal Reserve indicate that the economy was expanding across the nation from late November through December, the central bank said. Philadelphia was one of two regions that reported just "modest" growth (the other was Boston), while nine regions said growth was "moderate" and one, Kansas City, said only that the economy had "held steady" during late 2013. In the Philadelphia region there was underlying confidence in the economy and transportation services were described as "booming" during the period.
REAL_ESTATE
January 12, 2014 | By Christine Bahls, For The Inquirer
Lovers of real estate metrics, you're going to need a bigger hard drive. Yet another index is now available, this one gauging the so-called real estate health of 30 major American cities. Zillow's newly released Market Health Index (see it at http://goo.gl/t9RdKd ) also allows the prospective home buyer to peek at the market condition of a particular neighborhood, by zip code. Zillow looks at an area's health through the prism of 10 economic factors, including the number of foreclosures, the number of days houses spend on the market, sale prices, the extent of delinquency, and so on. Then, after combining those factors, Zillow ranks the cities against one another on a scale of 1 to 10. It does the same for the neighborhoods.
BUSINESS
December 25, 2013 | By Joseph N. DiStefano, Inquirer Staff Writer
The Federal Reserve and the U.S. Treasury saved the banks, corporations are pocketing record profits, rich investors are getting richer. But most Americans aren't sharing that wealth. Average hourly earnings, adjusted for inflation, are stuck at 1970s levels, the U.S. Labor Department reported. Retail and home sales are still slow. How will we grow our way out of this slump? More states are pushing for an alternative method to boost wages: brute force. Which is to say, higher minimum wages.
BUSINESS
November 18, 2013 | By Chris Mondics, Inquirer Staff Writer
Leaders of law firms have long argued that the legal industry has a huge - and often underappreciated - economic impact on Philadelphia. Now they have the data to back up that claim. A report commissioned by the Philadelphia Bar Association concludes the legal-services industry, from law firms to e-discovery consultants, to court reporters and everything in between, contributes $5 billion annually to the city's economy. The report by the Center City economic and policy consulting firm Econsult Solutions Inc. says the industry is responsible for more than 31,400 jobs.
NEWS
October 28, 2013 | By Maddie Hanna, Inquirer Trenton Bureau
SOUTH JERSEY Democratic incumbents and Republican challengers agree strengthening the economy is the priority in the First Legislative District, which spans parts of Cape May County and two other counties that have the highest unemployment rates in the state - Cumberland and Atlantic. But who is better equipped to do it? The Democrats, Sen. Jeff Van Drew and Assemblymen Nelson Albano and Bob Andrzejczak, say they have a record of fighting for a region at risk of being overlooked by the state - "deep, deep South Jersey," Van Drew says - touting efforts to save jobs and win the district its share of benefits.
NEWS
October 25, 2013 | By Bonnie L. Cook, Inquirer Staff Writer
Helen Manning Hunter, 92, a college professor and the granddaughter of a president of the United States, died Thursday, Oct. 17, of respiratory failure at the Quadrangle in Haverford. Dr. Hunter was both professor emeritus of economics and the Mary Hale Chase professor emeritus of the social sciences at Bryn Mawr College. She retired in May 1990. Born in New Haven, Conn., and raised in Bryn Mawr, Dr. Hunter lived at various times in Haverford and Villanova before moving to the Quadrangle in the mid-1990s.
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