May 19, 2016 |
Late in the 2007 mayoral race, U.S. Rep. Chaka Fattah sought a meeting with a very wealthy man - perhaps one of the few who could save his struggling campaign. Al Lord, CEO of Sallie Mae - then the largest student-loan financier in the world - had supported the congressman in the past. And at an April meeting in the lobby of the former Four Seasons Hotel Philadelphia on Logan Square, Fattah made his pitch. "In terms of his prospects, it was bad news," Lord recalled before a federal jury Tuesday.
May 14, 2016 |
Pennsylvania has relaunched its popular program offering low-interest, fixed-rate financing for energy-efficient home improvements almost two years after it went dormant for lack of funding. State officials, including Treasury Secretary Timothy Reese and Department of Environmental Protection Secretary John Quigley, gathered at the South Philadelphia home of Lizzie Rothwell and John Beauregard on Thursday to announce resumption of the Keystone Home Energy Loan Program. Rothwell and Beauregard used a loan from the program to insulate their 800-square-foot South Seventh Street rowhouse and upgrade its systems two years ago. KeystoneHelp, as the program is known, provided loans totaling $110 million to 14,000 homeowners statewide in the eight years after it began in 2006.
May 13, 2016 |
After Robert W. Padgett married Barbara Carpenter in June 1958, he enlisted in the Army in September and was sent to a base in northeastern France. Though only a private, he had a friend in a sergeant, who helped get him a three-day pass in November. So when Mr. Padgett's wife arrived at a Paris airport that month, she met not only her husband but also the sergeant and his wife, who had driven him to this once-in-a-lifetime reunion. During their time in Paris, the Padgetts dined at the restaurant high on the Eiffel Tower.
April 20, 2016
That old saying about the road to hell being paved with good intentions should be the epitaph for the Minority Venture Partnership, an unsuccessful program run by the defunct Philadelphia Commercial Development Corp. that failed miserably to deliver on its promise to create jobs. MVP was created in 1993 using $1.5 million in state money and $500,000 from PNC Bank. Gov. Robert Casey and Mayor Ed Rendell said another $8 million would be raised for the fund within a year, but that never happened.
April 15, 2016 |
Bank of America is doubling its investment in the Tory Burch Foundation Capital Program that includes Philadelphia, providing a total of $20 million in loans for women entrepreneurs for 2016 and 2017. Entrepreneur Works is the community development financial institution administering the funds in Philadelphia. Through that partnership, it will be able to offer a 2 percent interest-rate reduction on loans for qualifying borrowers, according to a statement by Bank of America. Since the Tory Burch program's inception in 2014, Entrepreneur Works has issued $173,000 in loans to 16 women owning small businesses in Philadelphia.
March 7, 2016 |
GOALKEEPERS (3) Andre Blake (6-foot-1, 170 pounds, age 25) After appearing in just seven games over his first two seasons, this former overall No. 1 MLS SuperDraft selection from Connecticut is ready to assume the starting role. Also a member of the Jamaican national team, he is as athletic as any keeper in MLS. Matt Jones (6-3, 180, 29) The Union acquired the English-born keeper via loan from Belenenses of Portugal's Primeira Liga. He was on loan last year to C.D. Tondela, also in Portugal's top division.
March 4, 2016
I TOLD you in January that 2016 is my year of change. I've done two things to stay encouraged to stop worrying about my financial security. I picked a theme song (the Disney anthem "Let It Go") and a motivational maxim ("Sweet '16"). I asked you to share your own financial theme songs, and I've been inspired by the stories behind your selections. But folks, if you're burdened by student-loan debt, I have a song for you. It's catchy, comical, and potentially life-changing. The ditty is by New Orleans native David Augustine Jr. (above)
February 20, 2016
Kanye the cop After Kanye West tweeted Saturday that he was $53 million in debt, Philadelphia police kindly offered him a job Thursday - in a tweet. "We R hiring, @kanyewest! Starting salary of $47,920; u could be debt-free by the year 3122!" Then they included their website for the career-bound: phillypolice.com/careers. This comes after Kanye asked Mark Zuckerberg for a loan (with no response), and fan Jeremy Piatt started a GoFundMe page for the artist. Puma? No way!
February 19, 2016
IF YOU'VE DEFAULTED on federal student loans, you can breathe more easily. You won't be arrested for simply failing to make payments. For a hot second, people were panicking after a Houston television station reported that a local man, Paul Aker, had been arrested because he owed $1,500 for a federal student loan he took out in 1987. "What's the worst that can happen to you if you don't pay your old federal student loans?" the anchor began the segment. "Garnishment, something on your credit report?
February 11, 2016 |
The Union added goalkeeping depth Tuesday by acquiring English-born keeper Matt Jones on loan from Belenenses of Portugal's Primeira Liga, the top division. He will be on loan for the 2016 Major League Soccer season. Jones holds a U.S. permanent resident card and will not occupy an international spot. That is crucial because the Union do not have one available. MLS rules allow teams eight international slots, but the slots are allowed to be traded. The Union have seven after trading one international slot last year in the Sheanon Williams deal with Houston.