July 10, 2016 |
The venerable Counselors of Real Estate is a group of 1,000 individuals, invited to join, and considered the crème de la crème of the industry. Every year, the counselors come up with a list of the top issues facing real estate, and 2016-17 is no exception. Here is some of what the counselors are predicting about the residential real estate market. Age matters. Millennials have overtaken the baby boomers in sheer numbers, but both groups remain substantial real estate consumers.
February 23, 2015 |
Stung by years of protests and a tarnished public image, the nation's largest private employer, Walmart, is following the lead of Gap, Ikea, and others by giving many of its workers a small raise. The trend could be significant if it continues. The low-pay, dead-end jobs typical at large retail and restaurant chains have had a devastating effect on the economy. The fast-food industry's wages are so poor that its workers consume $7 billion a year in federal aid, including food stamps and Medicaid.
January 12, 2015 |
Rick Santorum won the Iowa Republican caucuses in 2012 with a sweater vest, a gray Dodge Ram 1500 pickup, and a prayer. That catapulted him to a sustained state-by-state battle with eventual GOP nominee Mitt Romney and made him a hero of the right. Now, poised to run again, Santorum finds himself facing a crowd of competitors for the loyalties of social conservatives - former Arkansas Gov. Mike Huckabee, a Baptist preacher who won Iowa in 2008, and others. Potential Republican presidential candidates are moving fast to recruit the party's big-money bundlers of campaign cash and billionaires who can endow a supportive super PAC. They're putting together campaign teams and staking out ideological turf in the developing field.
March 18, 2014 |
FOR the past two years, Sean Caldwell, of Mount Airy, has been struggling to support himself and raise his children on his $8-an-hour part-time salary on the maintenance crew at McDonald's at Broad and Allegheny, in North Philly. It just hasn't been nearly enough - so he scrounges for whatever else he can. Caldwell, 35, started a neighborhood lawn-mowing business and takes other odd jobs, such as cleaning out garages, but when he did his 2013 taxes he still saw that he'd made only $9,000.
December 7, 2013 |
If you think you know why Nelson Mandela was revered as a near-saint throughout Africa, think again. You don't know the half of it. It's not just because, as South Africa's first black president, he ushered in a multiracial state and rejected vengeance against whites for the past evils of apartheid. That generosity of spirit and largeness of vision would be sufficient to ensure his place in history. But Mandela is also revered because he refused to behave like the typical "big man" African ruler who siphons off his country's resources while leaving the poor to fend for themselves.
September 18, 2013
It's a stretch to think Americans, like French peasants or Russian serfs in centuries past, will rise up and revolt to protest economic inequality in this country. But the continued growth in income disparity should concern Republicans who already think Democrats encourage class warfare to win elections. That the rich get richer while the less affluent struggle just to maintain their lifestyles is nothing new. But the ability of the more affluent to not only survive the last recession, but to seemingly profit from it, has poorer Americans who are still trying to recover from the downturn wondering if they are getting a fair shake.
September 13, 2013 |
IT TURNS out that the much-ballyhooed economic recovery of 2012 sailed right by the middle class in a golden-hulled mega-yacht, leaving most of us to fight off drowning from its massive, champagne-frothed wake. A new report from top researchers found that last year was the worst 12 months for U.S. income inequality since 1928 - the year before the Wall Street crash that kicked off the Great Depression. The millionaires and billionaires of the "1 Percent" saw their earnings spike by roughly 20 percent in 2012, the researchers found, while the other 99 percent of Americans brought home a paltry 1 percent pay hike, on average.
October 6, 2012 |
However wide the policy gulf between Pennsylvania's U.S. Senate candidates, Republican Tom Smith and incumbent Democrat Bob Casey, it is dwarfed by the gap in their personal finances. Smith, who has been buying millions of dollars in TV ads with his own money, reported total income of almost $22 million in 2010, the year he sold his main coal-mining businesses, according to federal tax returns he has released to The Inquirer. Smith made far less - about $265,000 - last year, his returns indicated.
September 18, 2012 |
EXACTLY one year ago, Fishtown's Dustin Slaughter was one of a couple of hundred protesters who - turned away from New York's Wall Street by a thick blue wall of cops - streamed into a then-unknown corner of real estate called Zuccotti Park to spend the night. Virtually no one noticed. Over the next few months, Slaughter, 33, a filmmaker and alternative journalist, became a virtual Zelig of the movement soon known as Occupy Wall Street - always in the picture. He was there when 700 protesters were arrested on the Brooklyn Bridge and when Occupy Philly took root in Dilworth Plaza.
January 22, 2012 |
When Mitt Romney was talking about his money the other day - a very rich topic, as it were - he casually remarked, "I get speakers' fees from time to time, but not very much. " Care to learn how Romney defines "not very much"? Between February 2010 and February 2011, his speaking gigs totaled $374,327. This guy clearly dwells in a rarefied realm far removed from the average Joe. What he dismisses as chump change is enough to send seven kids to top-notch colleges. His gig earnings also trump the median American family's annual income, which happens to be $60,088.