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NEWS
July 28, 2013 | By Mark Zandi
Is Detroit's bankruptcy an omen or an anomaly? Will other American cities, such as Philadelphia, eventually go down the same dark financial road? Or is the Motor City's financial crisis an isolated event? Detroit's story is a cautionary tale. The city's economy soared with the advent of the automobile a century ago, making companies such as Ford and General Motors the Apple and Google of their day. The population ballooned, rising to nearly two million after World War II. A city that big requires lots of government services, including schools, police, fire, sanitation, and social services.
BUSINESS
July 28, 2013
Daniel J. Hilferty Age: 56. Title: President and CEO of Independence Blue Cross, the region's biggest insurer. Employees: 7,472. Tenure: Named December 2010. Financials: 2012 net income of $191.5 million. Obamacare: When 40 million to 50 million Americans are without coverage and health care is projected to be 25 percent of gross domestic product by 2025, something has to change. We need reform that will bring more people into the system. Is this perfect? No. But it's a start.
NEWS
July 26, 2013
By LouAnn Buhrows Who are you on social media? Your everyday-pack-a-lunch self or a different persona you've created for the digital stage? Odds are it's the latter, because even what-you-see-is-what-you-get types are different online than in person. That's not a bad thing. After all, we look different online, carefully cropping photos so only the best angles show. It's amazingly easy to take a glamour shot with a smartphone, though it might take several attempts. But you find it - just the right shot - for the role you want to play.
NEWS
July 23, 2013 | By Orlando R. Barone
While following the news on Nelson Mandela, who prepares to hand over the reins of justice and mercy to an age that must grip them ever more firmly, my mind inevitably wanders to a few whose grip was strong and certain. As Mandela was spending the last portion of his 27 years in prison, I was a young organization consultant conducting a session for an assembly of physicians interested in improving their patient interactions. However, this was San Francisco in the early 1980s, and therefore the topic was AIDS.
NEWS
July 22, 2013 | By Matthew Lee, Associated Press
WASHINGTON - When Secretary of State John Kerry bounded up the steps to his converted Air Force 757 in Amman, Jordan, on Friday night, staffers greeted him with applause. He grabbed a beer and strolled down the aisle to celebrate his most significant achievement yet in his short tenure as America's top diplomat: winning agreement from the Israelis and Palestinians on a framework for resuming stalled peace talks. It was a necessary breakthrough, for sure, yet a modest one, with the lowest bar for success in a process that merely sets the stage for what comes next: difficult and protracted negotiations aimed at a goal that has eluded successive U.S. administrations.
NEWS
July 18, 2013 | By Bob Warner and Paul Nussbaum, Inquirer Staff Writers
Philadelphia Deputy Mayor and Commerce Director Alan Greenberger acknowledged Tuesday that he did not alert city building inspectors after he was warned in May of potentially dangerous developments at a Center City demolition site. Within an hour of receiving that warning, Greenberger said, he got another e-mail suggesting the problems were being resolved. In a brief statement released by Mayor Nutter's press office, Greenberger confirmed a report in The Inquirer last weekend that at 4:54 p.m. May 22, he received an e-mail from Thomas J. Simmonds Jr., property manager for STB Investments Corp.
NEWS
July 5, 2013 | By Geoff Mulvihill, Associated Press
TRENTON - Six gay couples and their children asked a New Jersey Judge Wednesday to force the state to recognize gay marriage, arguing that the case has become more urgent after a U.S. Supreme Court ruling last week. The plaintiffs say the case is so pressing that no trial is needed to weigh the arguments that the civil unions now recognized in the state fall short. The filing is no surprise as the ruling to strike down key parts of the federal Defense of Marriage Act last week brought new intensity and urgency to both legal and political action over gay marriage in New Jersey.
SPORTS
July 3, 2013 | Daily News Wire Reports
THE PGA TOUR said yesterday it would follow a new rule that bans the anchored putting stroke used by four of the last six major champions, asking yesterday for a temporary reprieve for those who play the game for fun. The announcement after a PGA Tour board meeting is the final piece of confirmation from a major golf organization for Rule 14-1b, which will take effect Jan. 1, 2016, when the next "Rules of Golf" is published. The rule makes it illegal for players to attach the end of the club to their body while making a stroke.
NEWS
July 1, 2013
By Cristina García Scribner. 235 pp. $25 Reviewed by Luis A. Gómez The tyrant is now in the sunset of his life, riddled by infirmities and bitter about a revolution disintegrating in front of his eyes. The many attempts against his life and the crumbling of the facade he struggled to maintain for more than 50 years have resulted in paranoia ("in any given twenty-four hours, somebody, somewhere, was plotting to kill him"). He was always an impulsive man, but now he lashes out at everything and everyone around him, including his brother Fernando, a perpetual lackey of the tyrant whom, in his paranoia, he has occasionally suspected of potential "counterrevolutionary thinking.
BUSINESS
June 26, 2013 | By Rich Miller and Joshua Zumbrun, Bloomberg News
The Federal Reserve under Ben Bernanke has committed itself to a monetary strategy for this year and beyond that will be difficult to undo under a new chairman. Under Bernanke's leadership, the Fed has set out clear markers for the conditions that need to be met to moderate and eventually end its $85 million-a-month asset-purchase program and then begin increasing interest rates. As a consequence, the identity of the chairman next year is unlikely to matter as much as it has in the past.
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