June 10, 2015 |
In the great debate over why health care costs so much, some have pointed to inflated hospital charges, while others say those sticker prices don't really matter. What is clear, however, is that Southeastern Pennsylvania has a significant cluster of high-price-tag hospitals. Of the 50 hospitals in the nation with the highest markups over cost, six are in the city and its surrounding counties, according to an analysis published Monday; a seventh is 50 miles north. Only Florida, with 20 hospitals on the list scattered around the state, had more than Pennsylvania.
April 2, 2015 |
In 2011, artist Russell Buckingham painted two murals at the Risoldi family mansion near New Hope. One, in the dining room, showed their opulent home amidst ancient ruins, he said. The other, filling the domed ceiling of the house's entryway, depicted family members clad in robes and floating in the clouds. According to Buckingham, he was paid $50,000 for his work. Three years later, he said, the family matriarch, Claire Risoldi, told him that insurance companies were looking into how she spent their payouts after a 2013 fire at the home.
July 8, 2014 |
Inflation is making a comeback - although the Federal Reserve doesn't think so - prompting us to determine how we might hedge against it, or benefit from rising prices. Witness higher prices everywhere: at the grocery for meat and coffee, at the gasoline pump, rents, even health care. Invest in companies that benefit from rising prices, such as exchange-traded funds Market Vectors Agribusiness ETF (MOO) that correspond to the price and yield of the Market Vectors Global Agribusiness Index.
June 2, 2014 |
Is inflation good or bad? You'll hear it both ways, and the answer rests largely on whether you're talking about national economies or individuals and families, big borrowers or big spenders, you or me. At Marketplace.org , there's an excerpt from a book by senior editor Paddy Hirsch that seeks to explain in simple terms why some inflation is a good thing. In the excerpt, a shop owner raises prices for his limited supply of candy when a family of 10 children moves into his small town.
May 27, 2014 |
FormDs.com helps keep tabs on growing businesses, hedge funds, and private-equity firms. One shop we noticed on its radar is Hirtle, Callaghan & Co., the West Conshohocken investment advisory firm that pioneered the "outsourced chief investment officer. " Hirtle Callaghan supervises $24 billion for families, endowments, foundations, pension funds, and health-care organizations. Rather than pick stocks, it picks portfolio managers and allocates capital. Jonathan J. Hirtle, cofounder and chief executive officer, confirmed that his shop has a number of new vehicles, such as Hirtle Callaghan Special Opportunities SPC Closed-End Segregated Portfolio.
October 11, 2013 |
Now that investors know Janet Yellen is the nominee for chair of the Federal Reserve, they can breathe a little easier. Take it from someone who actually met the nominee. Terry Sheehan, an analyst with the economic research firm Stone & McCarthy of Princeton, covers Federal Reserve policy and policymakers, the ISM Non-Manufacturing Index, and New York and Philadelphia Fed manufacturing indexes. Sheehan met Yellen last year at a conference and said that not only does Yellen represent continuity in the Fed's low-interest rate and bond-buying policy, but her reputation as a dove is overdone.
July 3, 2013 |
D EAR HARRY: I'm having a problem with my husband and our three children. We have just moved to a retirement community (we're both 78). We had a discussion about our resources. Our pensions fortunately cover our costs at the retirement community and then some. We have accumulated savings (other than in pensions and IRAs) of a little more than $1 million. Our children are all well-situated financially. My husband and the children want us to transfer $200,000 to each child now. They want to "improve their living standards" as well as reduce the inheritance tax that would be due upon our deaths.
July 1, 2013 |
Gold prices just wrapped up their worst quarter - down 23 percent - since at least 1920, according to Bloomberg News. The shiny metal, valued at $1,227.05 an ounce Friday, has lost its glow, for now. What's going on with gold? The decline "is feeding on itself," according to experts cited in this article at CNBC's Market Insider. Writer Patti Domm quotes a list of those experts who note that factors affecting gold's decline include a slowdown in gold-buying by China and India, shattered confidence that gold's rise in value would continue unabated, and the failure of predictions, going back years, that inflation was about to take off. Gold could fall below $1,000 an ounce, according to an investment specialist who, it should be pointed out, has made financial bets that will pay off if gold continues to decline.
June 19, 2013 |
Philanthropic giving is inching its way back up, but the United States has not returned to its prerecession levels of generosity. Total 2012 giving to charities was $316.23 billion, up by 3.5 percent over 2011, according to estimates to be unveiled at the Union League on Wednesday. They were prepared by the Chicago-based Giving USA Foundation and the Indiana University Lilly Family School of Philanthropy. Adjusted for inflation, that represents just a 1.5 percent increase in donations from individuals, corporations, and foundations.
May 24, 2013 |
An attendance clerk at Woodrow Wilson High School filed a lawsuit Wednesday in Superior Court in Camden County alleging attendance inflation by her superiors and the Camden School District. Roxanne Garrett also accuses former Wilson principal Tyrone Richards of sexual harassment and creating a hostile work environment. Richards did not return calls for comment Wednesday. In a six-page complaint, Garrett describes a district with an "everyone should fear for their job" mentality.