FEATURED ARTICLES
NEWS
October 16, 2014 | By Jonathan Tamari, Inquirer Washington Bureau
WASHINGTON - Rep. Chaka Fattah's new chief of staff comes from a familiar place. He is the former chief operating officer of a nonprofit that Fattah founded - and that federal prosecutors say was at the center of a scheme to help the congressman repay an illegal campaign loan. Fattah, a Philadelphia Democrat, said he hired Roger Jackson, whom he has known for close to 30 years, because he was "a great guy who has done extraordinary work for a number of organizations. " Among the groups Jackson has played a top role in was the Educational Advancement Alliance, a charity Fattah created to help boost educational opportunities among people in need.
NEWS
October 17, 2014
WHEN LAST WE heard from Hohenadel Brewery, the 19th-century East Falls landmark was wincing under the weight of a wrecking ball. It was 1997. Just one look at the stubborn but crumbling brick structure at Conrad Street and Indian Queen Lane told you it was time to pull the plug. The brewery that once proclaimed its "Well Earned Supremacy" could only sigh as it joined the likes of Gretz and Esslinger and Erlanger in the great Philadelphia pile of brewery dust. Indian Queen Ale . . . Rival Porter . . . Trilby Export - the brands that Hohenadel brewed till it closed in 1952 were gone and mostly forgotten.
NEWS
September 8, 2014 | By Jonathan Tamari, Thomas Fitzgerald, and Mark Fazlollah, Inquirer Staff Writers
WASHINGTON - Their missions were admirable: Boost education programs for Philadelphia schoolchildren and provide college scholarships. But according to federal prosecutors and an Aug. 27 plea deal with Gregory Naylor, a longtime political aide to Rep. Chaka Fattah (D., Pa.), the two nonprofits founded by the congressman were also conduits in a scheme using federal funds to secretly repay an illegal campaign loan. The plea lays out a sweeping conspiracy that prosecutors say involves former aides to the 10-term Philadelphia congressman and two charities he has long promoted and supported with taxpayer dollars.
BUSINESS
September 25, 2012 | By Diane Mastrull, Inquirer Columnist
In the tight-money world of small business owners, the occasion seemed more worthy of a bottle of bubbly than a steaming cup of Honduran dark roast. But java is the specialty of Green Street Coffee Roasters, the 17-month-old South Philadelphia company owned by brothers Chris and Tom Molieri. Early last week, the Molieris were celebrating a $10,000 loan for equipment they had just secured. They were also raising a cup to the entity that made it happen – Entrepreneur Works. It is a community development financial institution, or CDFI, one of a network of nearly 1,000 mostly nonprofit entities nationwide devoted to helping entrepreneurs overcome what stymies so many of them: access to capital.
NEWS
October 10, 1991 | By Suzanne Sczubelek, Special to The Inquirer
The Chester County Commissioners on Tuesday approved giving a $1 million below-market-rate loan to UB Foods U.S. to further encourage the firm to establish a plant in Oxford Borough. Officials from UB Foods, which makes Keebler snacks, told borough residents last Thursday that the firm intends to buy the former Pepsico Unibev plant, which has been empty for three years. The commissioner's action follows a recommendation by the county's Industrial Development Authority, which actually is making the loan.
NEWS
November 29, 2012 | By Carl Dranoff
The Inquirer reported this week on the Delaware River Port Authority's role in financing the redevelopment of the RCA Victor building in Camden. As a strong advocate of the Camden waterfront and one of the first developers to participate in its revitalization, I have a perspective that differs dramatically from that of the report. In the late 1990s, when I first saw the RCA Victor building, I didn't just see a boarded-up, vandalized symbol of the blight that had come to define Camden.
NEWS
January 12, 1989 | By Jeff Gammage, Inquirer Staff Writer
The Abington school board took less than a minute to borrow $3 million last week, voting without discussion to borrow the money from CoreStates Capital Markets Group. "And not a person here knows what it's for," grumbled Joseph Polya, a persistent board critic who attended the Tuesday night meeting. Actually, the board spelled out its plans for the loan as far back as June. It will go for repairs and improvements throughout the district, including purchase of computers, buses and windows, and for repairs to roofs, tennis courts and sidewalks.
NEWS
March 3, 1988 | By TYREE JOHNSON, Daily News Staff Writer
Philadelphia Sheriff John Green said bar owner Sidney Booker gave him an $11,000 personal loan and then made him an offer he had to refuse. "He wanted a job, and in exchange I did not have to pay back the note," recalled Green. "I told him I don't sell jobs, and after that, he stopped speaking to me," added Green, who took over the 290-member Sheriff's Department in January. Green made his comments after reporters discovered that Booker had filed two suits in Small Claims Court alleging that Green failed to repay a total of $11,000 worth of loans that he was supposed to start repaying on Dec. 1. Booker, owner of the Stinger Bar on Broad Street near Belfield, said he would have no comment until after the suit is heard on Tuesday.
NEWS
March 5, 2012
The Consumer Finance Protection Bureau has begun to take complaints about student loans, it said Monday. The bureau will assist all borrowers experiencing problems taking out or repaying a private loan or managing one in default and referred to a debt collector. Complaints may be submitted through 1-855-411-2372; at www.consumerfinance.gov ; faxed at 1-855-237-2392, or mailed to the bureau at P.O. Box 4503, Iowa City, Iowa 52244.    - Alan J. Heavens
NEWS
December 9, 1999 | By Nancy Petersen, INQUIRER STAFF WRITER
A Chester County agency is suing a Philadelphia eye doctor in an effort to recover a $180,000 loan it made to the physician four years ago to open a health-care center in downtown West Chester. The center, which was to be a multidisciplinary practice owned and operated by minority physicians, never opened, and the building at 16 E. Gay St. stands empty. The loan was made to Neal E. Hall by the county Office of Housing and Community Development using federal Community Development Block Grant money.
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ARTICLES BY DATE
NEWS
October 17, 2014
WHEN LAST WE heard from Hohenadel Brewery, the 19th-century East Falls landmark was wincing under the weight of a wrecking ball. It was 1997. Just one look at the stubborn but crumbling brick structure at Conrad Street and Indian Queen Lane told you it was time to pull the plug. The brewery that once proclaimed its "Well Earned Supremacy" could only sigh as it joined the likes of Gretz and Esslinger and Erlanger in the great Philadelphia pile of brewery dust. Indian Queen Ale . . . Rival Porter . . . Trilby Export - the brands that Hohenadel brewed till it closed in 1952 were gone and mostly forgotten.
NEWS
October 16, 2014 | By Jonathan Tamari, Inquirer Washington Bureau
WASHINGTON - Rep. Chaka Fattah's new chief of staff comes from a familiar place. He is the former chief operating officer of a nonprofit that Fattah founded - and that federal prosecutors say was at the center of a scheme to help the congressman repay an illegal campaign loan. Fattah, a Philadelphia Democrat, said he hired Roger Jackson, whom he has known for close to 30 years, because he was "a great guy who has done extraordinary work for a number of organizations. " Among the groups Jackson has played a top role in was the Educational Advancement Alliance, a charity Fattah created to help boost educational opportunities among people in need.
NEWS
October 9, 2014 | By Jeremy Roebuck, Inquirer Staff Writer
A Philadelphia loan broker responsible for lining up funding for some of Center City's most high-profile recent developments was sentenced Tuesday to 16 years in prison for his role in a $26 million fraud that bilked nearly 2,000 hopeful entrepreneurs out of money they gave him to secure small-business financing. As part of an agreement with prosecutors, Matthew McManus, a former co-owner of Remington Financial Group, agreed to pay back $17.7 million to his victims. He said Tuesday that he was "truly and painstakingly sorry" for his crimes - an admission that left U.S. District Judge William H. Yohn Jr. puzzled.
BUSINESS
September 30, 2014 | By Diane Mastrull, Inquirer Columnist
In a modest Northeast Philadelphia house, Masha Lipkovsky, an immigrant from Ukraine, thinks big - in terms of tiers, pounds of butter and flour, and elaborate decorative finishes involving rhinestones, wings, and even a teapot made of sugar. To say that Lipkovsky bakes cakes would grossly understate an artistic prowess behind an award-winning six-tier stunner inspired by the wedding dress of Katniss Everdeen in Hunger Games: Catching Fire , and an Alice in Wonderland creation that weighed more than 80 pounds and took three people to carry.
BUSINESS
September 29, 2014 | By Joseph N. DiStefano, Inquirer Staff Writer
He can afford to hire salespeople. But Jack Dorsey , who owns a billion dollars' worth of stock in the last company he started, Twitter Inc. , plus another billion in his current company, the smartphone-based payment system Square Inc. , was in Center City last week doing the job himself. The soft-spoken, self-taught programmer, 37, recalled two months he spent in Philadelphia, between dropping out of colleges elsewhere, as a contract coder for medical-device companies.
NEWS
September 24, 2014
YOU'RE 62 or older, and life has derailed your plans. You didn't save nearly as much as you wanted to retire - but you had to stop working because of health issues. You'll receive a Social Security benefit and a monthly pension. But there's a financial gap because of unexpected expenses. You need a new roof and other necessary home repairs. Then you see a late-night television commercial about something called a reverse mortgage. "You know some people have told me reverse mortgages sound too good to be true," the actor and former Sen. Fred Thompson says.
NEWS
September 10, 2014 | By Jonathan Tamari, Inquirer Washington Bureau
WASHINGTON - U.S. Rep. Chaka Fattah (D., Pa.) defended his accomplishments in Congress Monday and said he had not done anything illegal, though he declined to address the actions attributed to him in a top political aide's guilty-plea deal over misusing federal funds. Instead, Fattah said he would focus on the positive work he was doing - including helping millions of students prepare for college and providing billions of dollars in foreclosure relief - and argued that news media should do more of the same.
NEWS
September 8, 2014 | By Jonathan Tamari, Thomas Fitzgerald, and Mark Fazlollah, Inquirer Staff Writers
WASHINGTON - Their missions were admirable: Boost education programs for Philadelphia schoolchildren and provide college scholarships. But according to federal prosecutors and an Aug. 27 plea deal with Gregory Naylor, a longtime political aide to Rep. Chaka Fattah (D., Pa.), the two nonprofits founded by the congressman were also conduits in a scheme using federal funds to secretly repay an illegal campaign loan. The plea lays out a sweeping conspiracy that prosecutors say involves former aides to the 10-term Philadelphia congressman and two charities he has long promoted and supported with taxpayer dollars.
NEWS
September 1, 2014 | By Craig R. McCoy, Thomas Fitzgerald and Mark Fazlollah, Inquirer Staff Writers
One was a kid from the hardscrabble Abbottsford Homes in East Falls who rose to become a millionaire member of America's financial elite. Another is a foul-mouthed, sneaker-wearing, high school dropout who built a political consulting business with clients who included a long-shot Illinois U.S. Senate candidate named Barack Obama. A third is a hard-driving genius at Philadelphia ward politics steeped in the arcane arts of street money, ballot-cutting, and get-out-the-vote drives.
NEWS
August 29, 2014 | BY CHRIS BRENNAN & WILLIAM BENDER, brennac@phillynews.com, 215-854-5973
WHO IS "Person D?" That has been the hot question in political and legal circles since a longtime aide to U.S. Rep. Chaka Fattah admitted in federal court Wednesday that he lied to investigators to conceal an illegal $1 million loan to Fattah's 2007 campaign for mayor of Philadelphia. A source familiar with the investigation said yesterday the man who made that loan - identified as "Person D" in federal documents - is believed to be Albert "Al" Lord, the former CEO of Sallie Mae, the giant student loan financing corporation.
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