October 17, 2014
ISSUE | CAMDEN Keeping the vision As a longtime friend of Msgr. Robert McDermott, I was deeply touched by Kevin Riordan's column (" 'Father Bob' retiring," Oct. 9). Describing Father Bob as a visionary hits the spot. I recall so well his going back to his home parish of St. Joseph's Pro-Cathedral, and the excitement and commitment with which he approached an almost-desperate situation in Camden. His legacy of numerous ministries to the poor will outlive him and bring hope in the midst of what might appear to be despair.
October 9, 2014 |
Michael Milken, the long-retired 1980s junk-bond king and now big-time prostate cancer philanthropist, blew into the Wanamaker's Crystal Tea Room on Tuesday evening for one of the city's bigger and faster-growing charitable events. He jets around the nation to about 100 of these events a year, flying into Philadelphia on Tuesday from Dallas and planning to immediately depart Philadelphia for Washington. "I see light at the end of the tunnel," Milken said of cancer cures, adding that he believed philanthropists like those in Philadelphia had to support young scientists as the federal government has curtailed medical-research funding in recent years.
October 10, 2012 |
The University of Pennsylvania's Wharton School, like other fancy business colleges, is staffed by professors with comfortable salaries, global contacts and lucrative consulting arrangements, punctuated by the occasional wealthy alumnus visiting to brag how he (or she) got rich. At Wharton, there's also the occasional whiff of superstar glamour - from NBA star Earvin "Magic" Johnson , tennis great Andre Agassi , rapper Chris "Ludacris" Bridges , and, later this week, the actress Eva Longoria . The invitations to visit Wharton's West Philly campus have come from Wharton alumni K. Robert "Bobby" Turner ('84)
October 4, 2012 |
Prostate cancer is especially tough on African Americans. They are about 50 percent more likely than white men to get the disease and twice as likely to die of it. The Prostate Cancer Foundation wants to help research institutions in Philadelphia take the lead in figuring out why, the foundation's founder and co-chair, Michael Milken, said Tuesday evening during the group's 10th annual fund-raiser in Philadelphia. Milken said he wonders, "What can we learn from this that would not only help them but will help all men on the planet?"
October 6, 2010 |
In 1993, financier Michael Milken set out to speed up every aspect of prostate cancer research, from recruiting talent to funding labs to developing better therapies. He had to act quickly if he wanted to live to see the results. At age 46, Milken had just come out of jail for securities violations and was diagnosed with advanced prostate cancer. He was given 18 months to live. "The idea was to work fast because I wasn't going to be around very long," he said Tuesday at the Ace Country Club in Lafayette Hill.
September 9, 2004 |
Investment banker Frank Quattrone, a South Philadelphia native who made a fortune pushing Internet stocks during the late 1990s, was sentenced yesterday to 18 months in prison for urging colleagues to destroy e-mails during a federal stock-trading investigation. Judge Richard Owen also sentenced Quattrone to two years' probation and fined him $90,000, a modest sum compared with the more than $100 million that prosecutors said Quattrone earned in 1999 alone. On May 3, Quattrone was convicted on three counts of hindering an investigation into the way he passed out shares of companies he was taking public to clients of his former firm, Credit Suisse First Boston.
May 17, 2002 |
Marsha Corelien, 18, links her hair-braiding business and her major in business management at Pennsylvania State University to skills she learned in high school participating in the Milken Young Entrepreneurs Program at the Wharton School. "I credit this program 100 percent with giving me the opportunity to study business," said Corelien, who helps cover college expenses by earning up to $500 a week braiding hair. On Tuesday, Corelien, who lives in Mount Airy, learned that the entrepreneurs program, which has taught 550 inner-city Philadelphia teenagers how to operate their own businesses, is in danger of closing June 30. The program, housed at Wharton, has been solely funded, for 14 years, by the Milken Family Foundation, which is named for junk-bond financier Michael Milken, a Wharton graduate, and his brother, Lowell.
August 1, 1997 |
Tommy Lasorda is lobbying former junk bond financier Michael Milken for a bigger role with the Los Angeles Dodgers - most likely as general manager - if the team is sold, some baseball owners and executives who asked not to be identified told Bloomberg News. Lasorda, who will be inducted Sunday into baseball's Hall of Fame, became a Dodgers vice president with little say in baseball decisions last July after owner Peter O'Malley asked him to resign as manager in part because of heart problems.
March 1, 1996 |
NEW YORK EXOTIC DANCERS 'EMPLOYEES' TO IRS Exotic dancers who perform for customers in private booths are, in the eyes of the IRS, employees like nurses or waiters and their employers may not stint on taxes by calling them contractors, a federal judge says. In a ruling made public yesterday, Judge Leonard B. Sand said Show World, a Times Square sex-oriented business, owes $250,000 in taxes for 1989 and 1990 when it incorrectly classified some of its exotic dancers. Show World claimed the women leased the one-on-one "fantasy booths" or worked as private contractors, classifications which would cost the business considerably less in taxes.
February 6, 1996 |
John F. Innelli, a Delaware County attorney, took a terrible beating when he ran as a Democrat for Congress in 1990. For every vote that Innelli received, Republican incumbent Curt Weldon got two. The final result of their race in the Seventh Congressional District was Innelli, 56,292; Weldon, 105,868. Of course, that's often how it goes for Democrats running in the Philadelphia suburbs, especially in the Seventh Congressional District, which includes most of Delaware County and a chunk of Chester County.