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NEWS
August 19, 2016 | By Allison Steele, Staff Writer
This fall, children who join the Camden Youth Soccer Club will have two fields to play on, twice as many as last year. For $5, they will get uniforms, shin guards, socks, and 10 weeks of Saturday games and practices. More than 100 new players will be part of the action. The league's expansion is the first step taken by the newly formed Camden Health and Athletic Association (CHAA), a youth sports nonprofit launched in June by representatives of the Cooper Foundation, the charitable arm of Cooper University Health Care.
NEWS
August 19, 2016 | By Andrew Seidman, TRENTON BUREAU
Workers who have been out of a job for as long as two months because of a political impasse in Trenton are fanning out across the state to ramp up pressure on lawmakers to replenish funding for roads and bridges. New Jersey members of the Laborers International Union of North America made stops Wednesday in Camden and Gloucester Counties, holding rallies outside the offices of State Sens. Jim Beach and Fred Madden, both Democrats. Outside Beach's Cherry Hill district office Wednesday morning, a few dozen laid-off construction workers chanted: "What do we want?"
NEWS
August 18, 2016 | By Claudia Vargas, Staff Writer
Former Mayor Michael Nutter called City Controller Alan Butkovitz "a liar, a snake, and a hypocrite" Tuesday in response to a controller's report that more than $380,000 in Philadelphia Marathon proceeds were used as a "slush fund" under Nutter's watch. The report, released Tuesday, said the money was used in part for unapproved grants, a trip to Rome by Nutter and his staff, and an open-bar reception last year. The spending was approved solely by the chairwoman of the fund at the time, former City Representative Desiree Peterkin Bell, according to Butkovitz, with no oversight by the fund's board of directors, effectively circumventing the board's policies and control checks.
BUSINESS
August 16, 2016 | By Erin E. Arvedlund, Staff Writer
A sampling of crowdfunded IPOs and the portals those companies are using to raise money. In order by target funding amount.                                  Target funding Issuer                                 amount          Funding portal Allen Hydro Energy Corp.            $50,000         UFP L.L.C. Treycent Inc.                        $60,000         Jumpstart Micro Inc. SharkStopper, Inc.                     $70,000         Flashfunders Securities L.L.C.
BUSINESS
August 16, 2016 | By Joseph N. DiStefano, Staff Writer
New Jersey's generous but underfunded public pension system bought billions of dollars' worth of hedge funds in the years after other states began having second thoughts about the risky, high-fee funds. Now it's getting out, also late. Pennsylvania invested billions and laid out hundreds of millions of dollars for hedge-fund fees, starting in the early 2000s. It was a hedge-fund pioneer. "I was open-minded," then-state workers' pension system (SERS) chairman Nicholas Maiale recalled, when he stepped down from the job after Gov. Tom Corbett declined to reappoint him in 2013.
NEWS
August 10, 2016 | By Grace Toohey, Staff Writer
When Pennsylvania's auditor general released a report last week highlighting what he called a lack of state oversight of millions of dollars in lease reimbursements for charter schools, his message wasn't exactly new. Some of the data cited by Auditor General Eugene DePasquale mirrored an identical warning he issued in 2013. But that was partly the point. Three years had passed, DePasquale said, and the state had done nothing to address the issue, possibly paving the way for millions of dollars in wasteful, if not improper, spending.
BUSINESS
August 9, 2016 | By Erin E. Arvedlund, Staff Writer
Shareholder activists are again circling Hill International Inc., the Philadelphia-based construction-management company that built the Comcast Center. On Thursday, Hill International will hold its annual meeting to address, among other things, a vote on whether the publicly held company (symbol: HIL) should nominate three new outside directors. For the second year in a row, Bulldog Investors, an activist hedge fund based in Saddle Brook, N.J., has nominated outsiders for posts on the Hill board.
NEWS
August 8, 2016
Marybeth Hagan is a writer in Merion Station The balloons have fallen and Democratic National Conventioneers went their merry ways. Yet one recurring theme of that Philadelphia political event left me uneasy. Democrats seem dead set on being the party that celebrates abortion and bills taxpayers for it. While some convention speakers spoke of abortion as "reproductive health care," others openly crowed the word. Ilyse Hogue, NARAL Pro-Choice America's president, took that verbalization one step further and talked about her abortion years ago. "I wanted a family, but it was the wrong time," Hogue said.
NEWS
August 6, 2016 | By Maddie Hanna, TRENTON BUREAU
TRENTON - Without a resolution to a transportation funding stalemate, Senate President Stephen Sweeney said Thursday that he remained opposed to calling a vote on a proposed constitutional amendment that would require the state to make bigger payments into its pension system. Sweeney (D., Gloucester) did not explicitly rule out posting the amendment Monday - the deadline for a vote on the measure, which public-sector unions are calling for, to get on the November ballot. But Sweeney said he would not support the amendment before reaching a deal to replenish the depleted Transportation Trust Fund.
NEWS
August 5, 2016 | Stacey Burling, Staff Writer
The National Institute on Aging has extended its funding of the University of Pennsylvania's Alzheimer's Disease Core Center with a promise of about $8.8 million over five years.The money will take the center, which was founded in 1991, to its 30th year. Researchers at the center study Alzheimer's and other dementias including Parkinson's disease dementia, Lewy Body dementia and frontotemporal lobar degeneration. Among other things, the center is known for identifying key proteins involved in dementia and helping to develop biomarkers for Alzheimer's disease.
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