March 12, 2014 |
Fights between financial businesses and their regulators usually take place in the dark, at least until there are charges, or a settlement. But last week owners of two private companies pushed their struggles against what they claim is overbearing government into the public eye: Energy trades. Together, twins Kevin and Richard Gates learned math at Conestoga High School, earned chemical engineering degrees at the University of Virginia, and helped found TFS Capital of West Chester, where they and their partners manage more than $1 billion in other people's money.
February 11, 2014 |
TRENTON - Gov. Christie faces a tricky challenge in reclaiming his political edge as news leaks about investigations and new claims fuel a steady stream of media coverage that keeps scandal in the headlines. With his poll numbers sliding after the George Washington Bridge revelations, the best thing Christie can do is his job, several Republican strategists said. "Stories like this take on a life of their own," said Charlie Gerow, a Republican consultant with the Harrisburg firm Quantum Communications, which is advising Pennsylvania Gov. Corbett on his reelection campaign.
February 3, 2014 |
Four months ago, the healthcare.gov website wasn't looking so dandy to Ted Trevorrow. The insurance veteran and freshly certified Affordable Care Act navigator was shaken by the exchange's disastrous rollout and the cascade of Web errors that followed. "It took some luster off the ACA," said Trevorrow, speaking at Resources for Human Development's office in Roxborough. But these days much of that luster has returned to the site's bronze, silver, gold, and platinum plans. The website has rallied.
January 31, 2014 |
TRENTON State Senate President Stephen Sweeney (D., Gloucester) said Wednesday that he would shut down the government if Gov. Christie does not publicly commit to fulfilling the state's pension obligations in this year's budget. "If I have to shut the government down, I will," Sweeney, the top elected Democrat in state government, said in an interview with The Inquirer. "When the governor hands us a budget, it has to have that pension payment in it. " Christie is to present his annual budget in February.
December 20, 2013
ENOUGH snooping. The onslaught of news stories about the National Security Agency's gathering of mass data on Americans' online habits and phone records reveals a startling erosion of privacy rights. But there is more. British and American spies have posed as fantasy characters in popular virtual games such as "World of Warcraft" and "Second Life," according to news reports. The agency claims it is collecting useful intelligence. Nonterrorist individuals supposedly have nothing to fear - nothing except a government that uses the guise of protecting public safety to justify Orwellian behavior.
December 2, 2013 |
What do Presidents Theodore Roosevelt, Franklin D. Roosevelt, Harry Truman, John F. Kennedy, Lyndon B. Johnson, Richard M. Nixon, and Bill Clinton all have in common? They all supported the idea of national health coverage. In stepping back from the issues at hand with the Affordable Care Act, it's important to note how the idea of national health coverage has crossed party lines, from Republican to Democratic hands, and has been more than a hundred years in the making. Though Barack Obama is the first American president to succeed in passing a universal health-care plan, in his new book Mother of Invention (Oxford University Press, 336 pp., $55)
November 18, 2013 |
Right about now, foes of 2010's health-care reform are gleefully pointing to the law's rocky rollout as evidence for Ronald Reagan's famous declaration that "government is not the solution to our problem; government is the problem. " Even some Obamacare supporters worry it's a sign that government can't get things right. But before you fall for a notion that helps too many Americans gloss over the government's achievements - say, Social Security, Medicare, and the moon landings - you might want to consider the epiphany reported recently by University of Chicago economist Neale Mahoney.
November 10, 2013 |
Wall Street reacted positively to the Department of Labor's jobs report Friday, with the Dow Jones industrial average closing at an all-time high. The report, showing an increase of 212,000 private-sector jobs, was better than expected given the federal government shutdown in October. "There was no impact from the shutdown," said Mark Zandi, chief economist with Moody's Analytics in West Chester. "I would have expected to see some of the shutdown's fingerprints on the report, and I didn't.
November 1, 2013 |
A BICYCLIST injured in an accident yesterday morning on Martin Luther King Drive got some help from a good Samaritan - Mayor Nutter. The accident happened about 9 a.m. near Sweetbriar Drive. Police said the 63-year-old man was biking in a crosswalk when he was struck by a Ford Focus, causing him to get hit by a second vehicle. Nutter's special assistant, Lauren Walker, drove past the accident and called to alert the mayor, who takes the route to work. When Nutter arrived on the scene, he said, the cyclist was lying in the road, bleeding.
October 21, 2013 |
Ben and Sharneka Hunter are a fast-food family. The Wilmington husband and wife work at Burger Kings in different cities - Ben, 43, in Wilmington, Sharneka, 30, in New Castle. Both earn hourly minimum-wage salaries of $7.25. And both need food stamps and Medicaid to augment their combined $17,000 yearly salary - $2,500 under the federal poverty line - so that they and their 9-year-old daughter can survive. "I don't think it's fair to be underpaid," Ben said. The Hunters' plight is shared nationwide, according to a report released last week by the University of California Berkeley Center for Labor Research and Education.