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BUSINESS
March 7, 2013
In the era of serial Washington budget crises, you don't have to be a wonk to find the real numbers behind politicians' walls of words (like sequester ). Just use these smartphone applications about the state of the economy. FRED Economic Data , free from the Federal Reserve Bank of St. Louis, is available for Apple and Android devices. "Take the economy with you wherever you go," suggests the Fed. Want to see the bank's latest data on inflation, gross domestic product, unemployment, or any of the myriad of statistics kept by the Fed?
NEWS
March 3, 2013 | By Rita Giordano, Inquirer Staff Writer
A public briefing on the progress of Delaware County's still-forming local economic development strategy will be held Wednesday by the County Council. Once complete, the strategy will be a 10-year plan to promote job growth, opportunity, and community vitality, according to county spokeswoman Trish Cofiell. The Redevelopment Authority of the Delaware County Commerce Center has been working with the Delta Development Group Inc., a Mechanicsburg, Pa.-based planning firm hired for about $107,000, to conduct the study to form the strategy.
NEWS
March 2, 2013 | By Rita Giordano, INQUIRER STAFF WRITER
A public briefing on the progress of Delaware County's still-forming local economic development strategy will be held Wednesday by the County Council. Once complete, the strategy will be a 10-year plan to promote job growth, opportunity and community vitality, according to county spokeswoman Trish Cofiell. The Redevelopment Authority of the Delaware County Commerce Center has been working with the Delta Development Group Inc., a Mechanicsburg-based planning firm hired for about $107,000, to conduct the study to form the strategy.
NEWS
February 24, 2013 | By Helene Fouquet, Bloomberg News
The search for a new chief of the Louvre, the world's most visited museum, may include non-French candidates for the first time in the institution's more than 200-year history. French President Francois Hollande, faced with a shrinking budget, is casting his net wide and including foreigners among people he will consider to run the museum that's home to the Mona Lisa, Venus de Milo , and The Winged Victory of Samothrace, a French government official said. With public spending being reduced this year by $13.4 billion, the French government is putting expertise in international fund-raising high on the list of must- have skills for the person taking charge of the Louvre.
BUSINESS
February 12, 2013
Gov. Corbett announced $125 million in Redevelopment Assistance Capital Program awards for 54 projects, including 14 in Southeastern Pennsylvania that received $38.8 million. The Philadelphia region received three of seven $5 million awards, the largest possible. Those awards went to Braskem America Inc. in Marcus Hook, Philadelphia Energy Solutions in Philadelphia, and the Philadelphia Museum of Art. Corbett said in a news release that the awards, which he called Economic Growth Initiative Awards, would create or retain 56,000 jobs in 28 counties.
NEWS
February 5, 2013 | By Susan Snyder, INQUIRER STAFF WRITER
Billionaire investor Ronald O. Perelman has donated $25 million to the University of Pennsylvania to create a new center to house both its political science and economic departments, the university announced today. The new center will bear his name and be based at the West Philadelphia Trust Building at 36th and Walnut streets in the heart of Penn's campus. "Ron Perelman's extraordinary generosity will enable us to create an outstanding center for political science and economics, two of Penn's most popular undergraduate majors," Penn President Amy Gutmann said in a prepared statement.
BUSINESS
January 31, 2013 | By Steve Rothwell, Associated Press
NEW YORK - A reminder that the U.S. economy still remains a long way from being fully healed after the Great Recession put the brakes on a January rally that has pushed stocks close to record levels. The Standard & Poor's 500 logged its biggest drop of the year. Stocks started the day lower after a report showed that the U.S. economy unexpectedly contracted in the fourth quarter. That decline extended after the Federal Reserve said it would continue its bond-buying program to boost growth.
BUSINESS
January 17, 2013 | By Mike Armstrong, Inquirer Columnist
When it comes to filtering the blizzard of statistics, I pay more attention to reports that document actions rather than intentions. I wait for those snapshots of actual consumer spending that emerge weeks after the surveys of consumer confidence and sentiment. Often, we profess restraint on spending on holiday shopping only to find ourselves tripping over too many wrapped gift boxes on Christmas morning. On Tuesday, the Census Bureau issued advance estimates of U.S. retail sales for December that were up 0.5 percent from November and 4.7 percent from December 2011 - a mild surprise given weak consumer confidence numbers recently.
NEWS
January 7, 2013
America needs an optimism injection. For too long, this country has stared at the problems it faces and acted as if they are too big to solve. Deficit reduction and other ailments are addressed piecemeal because politicians don't believe the public can swallow stronger medicine. And the public is beginning to believe them. It's as if the recession sucked some of the spirit out of this country. Economic prognosticators keep telling young people their future will be worse than their present, and then adults wonder why America's youths lack the drive they had when they were kids.
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