November 3, 2012 |
It's only been a day, but November on Wall Street is already looking a lot better than October. Strong economic data and corporate news converged Thursday to give U.S. stocks their best day since mid-September. Positive signs about the job market and soaring sales figures pushed stock futures up before the market opened. A half-hour into trading, reports on manufacturing and consumer confidence added another log to the fire. The Dow Jones industrial average had already risen 100 points when the mid-morning reports came out. The data - including news that manufacturing grew for the second straight month - pushed it up as much as 177 points.
November 3, 2012 |
The telephone began ringing nonstop in public insurance adjuster Ira Straff's Bala Cynwyd office Monday afternoon, even as Hurricane Sandy was spinning off the New Jersey coast, looking for a place to land. On Thursday afternoon, Straff, president of the Insurance Adjustment Bureau, a 48-year-old firm that represents property owners in negotiating claims settlements with insurance companies, was in his office, having spent the last three days "walking through muck" all over the region.
October 30, 2012
By Peter Morici Hurricane Sandy will likely have devastating effects on lives and property. However, gauging its full impact on an economy still struggling to recover from the Great Recession - though with substantial resources to overcome adversity - is far more complex than merely adding up insurance payouts and uninsured losses. Disasters can give an ailing construction sector a boost, while unleashing reinvestment that actually improves stricken areas and the lives of residents.
October 27, 2012 |
Teena Watson, a single mother of two now back in Philadelphia after living in Erie, saw a homeless shelter as her only option. "I came back to go to school, get a job, and try to get a better life for my children," Chanel, 7, and Nakeya, 2, Watson said. But everywhere she turned, nothing appeared to be available that she could afford and that could accommodate her disability - she is hearing-impaired and told her story through interpreter Crystal Blue, of the Society for Helping Church.
October 26, 2012 |
So this is what investors mean by patience: Three years after a smoldering economy reduced Philadelphia's premiere shopping district to an avenue of stalwart retailers sharing space with suddenly vacant storefronts, the rebound is on. And it's hot. The elegant old buildings that form the spine of a 4 1/2-block streetscape of shopping between Broad and 20th Streets are teeming with life. Vacancies are few as reinvestment restores glitz to a promenade that aspires to be the city's gold standard of exclusivity but that a few years ago was down on its retail high heels.
October 24, 2012 |
SHEBOYGAN, Wis. - Republicans and Gov. Scott Walker spent months and millions of dollars on ads in the divisive recall election telling Wisconsin voters that the state is on the economic upswing - a strong dose of good news that even Mitt Romney backers acknowledge helps the incumbent, President Obama. Nearly $59 million of pro-Walker advertising leading up to June's recall vote hardened the right-track perception in this Midwest state, where the unemployment rate ticked down last month to 7.3 percent, well below the national average of 7.8. Two weeks before Election Day, Romney faces the task of convincing voters that things aren't really looking up in Wisconsin as Walker has argued - or even though they are, four years of Obama's policies had nothing to do with it. It's a challenge in Wisconsin, Ohio, and elsewhere in the nation's midsection, where resurgent state economies and the federal government's 2009 bailout of Chrysler and General Motors are lifting Obama and some of his Democratic allies running for Senate after the Republican romp of 2010 claimed governorships, state legislatures, and congressional seats.
October 20, 2012 |
Today's home-economics class is as much about the consumer as the product and service being consumed. Rance Bell of Burlington Township has 26 years of service with the Air Force behind him, the first six as a German-speaking linguist and the rest as a readiness superintendent for the Sixth Airlift Squadron at Joint Base McGuire/Dix/Lakehurst. On a sunny Tuesday morning, standing as he is able in his dining room as he recuperates from foot surgery, the retired master sergeant is extolling the virtues of home-automation technology, for which he pays $55 a month to Vivint, his Utah-based provider.
October 13, 2012 |
If now were then, maybe Rady Sin and Saron Saom of Philadelphia wouldn't have spent the last few years as mortgage borrowers in trouble, and maybe they wouldn't have fallen prey to a scammer offering help at a high price and delivering nothing. When the city temporarily relocated their food cart from 30th and Market Streets to Chestnut Street and business fell off dramatically, the Cambodian couple began falling behind on their mortgage payments to Bank of America. "I talked and gave [Bank of America]
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.
October 9, 2012 |
CARACAS, Venezuela - During his reelection campaign, Venezuelan President Hugo Chavez promised to deepen the public-aid programs and other measures that have formed his vaunted "21st-century socialism. " That message won him a surprising 11 percentage point win Sunday in what many had seen as a tight race. Still, he will begin his fourth presidential term under the toughest circumstances he has faced, with the prospect that his government's free-spending days may be over. That will likely limit how much Chavez can expand the government programs that have helped make him so popular.