October 8, 2013
WITH THE pathetic state of the American government, I am surprised there wasn't an army of citizens trying to take over the capital, so the people's lives can be addressed! All of these politicians have forgotten about the people. What good is health care when you have no jobs, no way to eat, no way to respect oneself, no way to live? Everyone, including the president, is out of touch with the people, who are suffering untold misery in this economic "depression" that they say we don't have.
October 3, 2013 |
The federal government may be closed, but the campaign season is open for business - not for elected office but the Godot of high-stakes enterprises, Philadelphia's second casino. Slot king candidates are decidedly more entertaining than most politicians. This is because big bucks are at stake - the house, you may have heard, tends to win - and developers are prone to advanced P.T. Barnumism. Steve Wynn submitted the same gaudy design he proposed in Massachusetts, which was modeled after one he built in Macau, all with the same bronze sheen of his eternally tanned skin.
September 27, 2013 |
Financial advisers are starting to shift their bond fund allocations to adjust for a longer period of low interest rates with an eye toward rising rates in coming years. Frank Jaffe of Roseland, N.J., recently sold out of PIMCO Total Return Fund (symbol: PTTAX) and the Loomis Sayles Bond Fund (LSBRX), and reallocated that money for clients into the PIMCO Emerging Local Bond Fund (PELAX). In March, he also started buying a floating-rate bond fund, the Eaton Vance Floating-Rate Advantaged Fund (EAFAX)
September 26, 2013 |
White-collar defense work is on the upswing for many Philadelphia-based law firms as the federal government continues the crackdown on corporate misconduct that began during the 2008 financial crisis. Once an afterthought for big corporate firms, white-collar defense is now playing a larger role in firms' business plans. Law firms are actively recruiting partners, marketing the service to existing clients and planning long-term expansions. One reason is an abundance of work as the result of government investigations and the expectation of clients that law firms have a robust practice to handle problems as they emerge.
September 20, 2013 |
Where will interest rates and bond prices be without Federal Reserve intervention - something, it seems, the Fed plans to continue? A new report gives us some clues. Historically, real rates of return on 10-year U.S. Treasury bonds have averaged approximately 2.44 percent. A "real" rate of return is what you make after inflation, or the current yield on the bond, minus inflation. Currently, real rates of return on 10-year Treasuries are close to zero (current 10-year U.S. Treasury yield of 2.00 percent minus 2.00 percent inflation rate equals 0.00 percent)
August 9, 2013 |
The 76ers are showing interest in signing free agent guard Chris Duhon, Yahoo Sports reported. According to the report, the New York Knicks are also interested in the guard who played two seasons with them from 2008 to 2010, where he set a team single-game record for assists with 22. The former McDonald's all-American and Duke guard was selected by the Chicago Bulls in the second round of the 2004 NBA draft and spent four seasons with the team....
July 26, 2013 |
John McEnroe is asked the same few questions all the time. Who's the next great tennis star? Where will he or she come from? And when? The former world No. 1 and winner of 17 major titles (singles and doubles) often gives the same response. "It's definitely something that I wish I knew the answer to," McEnroe said before a World TeamTennis match at Villanova's Pavilion on Wednesday. "Somewhere, that person's out there. If you have any idea, please let me know. " McEnroe played a pair of matches for the New York Sportimes against the Freedoms, falling, 5-1, in mixed doubles and losing in men's doubles, 5-0. The Freedoms beat the Sportimes (4-10)
July 19, 2013 |
THE PHILLIES reportedly are among the teams interested in Cuban pitcher Miguel Alfredo Gonzalez and his agent said he could be pitching in the majors soon, according to ESPNdeportes.com. The Phillies are joined by the Dodgers, Cubs, Yankees, Red Sox, Rangers, Blue Jays, Twins and Marlins in showing interest, a source close to the pitcher told the website. His agent, Jaime Torres, believes the righthander will be signed by next week. "[Gonzalez] could help a team this season," Torres told ESPNdeportes.com.
July 11, 2013 |
Part of Jessica Prince's job at Widener University is to advise college seniors about managing their debt, so she was distressed to learn that Congress on June 30 allowed the interest rate on one popular type of federal loan to double, from 3.4 percent to 6.8 percent. "I don't think a college education should be a debt sentence," she said. This week, the House and Senate are likely to review several bills that may or may not relieve some of the extra financial pressure the rate increase will put on graduates.
July 10, 2013 |
CAVALIERS OWNER Dan Gilbert wondered what other moves general manager Chris Grant had in mind to improve Cleveland this summer. He knows now. The Cavs hosted free-agent center Andrew Bynum yesterday, a person familiar with the visit told the Associated Press. The 7-foot Bynum, who didn't play one game for Philadelphia last season because of a knee injury, met with team officials at Cleveland Clinic Courts, the club's suburban facility, said the person who spoke on condition of anonymity because of the sensitivity of negotiations.