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BUSINESS
March 22, 2016 | By Joseph N. DiStefano, Staff Writer
U.S. investors squeezed by low bond yields and discouraged by the volatile stock market have pumped more than $50 billion into business development companies, or BDCs, in the last 10 years, in hopes of earning more. BDCs typically invest in debt sold by U.S. middle-market companies, including private-equity merger targets, energy-development projects, and mainstream companies that don't qualify for cheap bank loans. For the hope of higher, steadier interest yields, BDC investors often pay high broker fees.
NEWS
March 20, 2016 | By Martha Woodall, Staff Writer
Philadelphia School Reform Commission member Bill Green Friday added his voice to those urging Gov. Wolf to adopt the Republican-crafted budget he has threatened to veto. In a letter to the governor, the former SRC chairman noted that 261 days have elapsed without a new state budget, forcing cash-strapped districts to borrow millions of dollars to keep schools open. "Your actions in December led schools to receive half of the year's funding to remedy the impact of the budget impasse," wrote Green, a Democrat like Wolf.
NEWS
March 20, 2016 | By Rita Giordano, Staff Writer
When former Princeton professor and Salem City native son Forman Sinnickson Acton died two years ago at age 93, he was lauded as a technology pioneer, a gifted educator who could explain what others could barely comprehend. A private man of almost rakish charm, Acton was a world traveler, a circumspect bon vivant , a scholar whose love of learning went undimmed by the years. In the life of the mind, he ranged wide and far. Acton was a contemporary of John Nash, along with some of math and engineering's other beautiful minds.
NEWS
March 19, 2016 | By Jeremy Roebuck and Laura McCrystal, STAFF WRITERS
Bill Cosby's chief criminal defense lawyer hosted a campaign fund-raiser and donated $2,500 to a former Montgomery County district attorney months before calling him as a primary witness in a bid to derail the entertainer's sexual-assault trial. Details emerged Thursday as attorney Brian J. McMonagle sought to quash a subpoena from Cosby accuser Andrea Constand seeking details of any other political contributions that he, Cosby, or their employees may have made to Bruce L. Castor Jr. as he ran to try to reclaim his previous office months before testifying on the entertainer's behalf.
BUSINESS
March 17, 2016 | By Alan J. Heavens, REAL ESTATE WRITER
Jenna Bozzi, a 25-year-old first-time buyer, is just the sort of person housing economists see as critical to stimulating local real estate markets but who often lacks the upfront money to do so. Her real estate agent suggested that she might qualify for financial help in buying her first house. "The lender we were working with" told her and agent Linda Pietrzak, of Century 21 Leibovitz, about NeighborhoodLift, a program designed to boost homeownership in the city, Bozzi said.
NEWS
March 17, 2016 | By Andrew Seidman, TRENTON BUREAU
New Jersey lawmakers on Wednesday scrutinized Gov. Christie's proposed budget for the fiscal year that begins July 1, as a key committee appeared in Collingswood to take input from interested groups and residents on issues ranging from school funding to poverty. The Assembly Budget Committee and its Senate counterpart are holding hearings across the state to review the $34.8 billion budget that Christie, a Republican, presented to the Democratic-controlled Legislature last month. One top issue the Assembly committee considered Wednesday at the Scottish Rite Auditorium was education.
BUSINESS
March 8, 2016 | By Joseph N. DiStefano, Staff Writer
It's not enough that hedge fund managers have lately pushed DuPont, Pep Boys, Mondelez (Nabisco), and other big old-line Philadelphia-area employers to sell, slim, or shut operations here. The hedgies are now chasing the region's handful of successful tech companies. Qlik Technologies, a Radnor-based, 2,000-worker data-visualization software company that helps clients sort masses of customer data, has been targeted by veteran corporate raider Paul Singer's Elliott Management Corp.
BUSINESS
March 4, 2016 | By Harold Brubaker, STAFF WRITER
Independence Blue Cross and Thomas Jefferson University on Wednesday announced the first participants in their joint Entrepreneurs-in-Residence program. Two teams at Jefferson were awarded $150,000 each to support projects addressing surgical treatment of complex epilepsy and bone graft and joint replacement infection. Jefferson researchers Noreen Hickok and Irving Shapiro are working with Rothman Institute orthopedic surgeon Jay Parvizi to pursue new ways to make a longer-lasting antibiotic coating for use in bone grafts of donated tissue and replacement joints for orthopedic surgeries.
NEWS
March 4, 2016
DEAR ABBY: I am a community college sophomore (age 20) in an international honor society, double-majoring in biotechnology and biological sciences. My dream is to become a cardiologist. I have worked hard and excelled at my studies, as well as in my friendships and sports. However, my brothers have not. My older brother, "Aaron," barely graduated from community college, and my younger brother, "Greg," dropped out after his first semester. I know it's not healthy for me to think this way, but I am afraid I am going to be the one who has to support them.
NEWS
March 2, 2016
By Mark Krikorian Sanctuary cities are a menace to public safety. A recent move in the House of Representatives to cut their funding is long overdue. There are more than 300 sanctuary jurisdictions nationwide, including cities like New York, counties like Chicago's Cook County, and even whole states like California. These jurisdictions refuse to cooperate with immigration authorities and release deportable criminals back onto the streets. In 2014, more than 9,000 criminals who entered the country illegally and whom the Department of Homeland Security wanted to deport were released instead because of local sanctuary policies, according to the department's records.
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