April 1, 2014 |
If you're a fan of buying low and selling high, then some (but not all) markets outside the U.S. might represent value for your portfolio. We interviewed Mebane Faber (his first name is Scottish, pronounced "meb-bin"), a portfolio manager running about $350 million in assets. His firm recently launched a new exchange-traded fund called the Cambria Global Value ETF (GVAL). This fund invests in roughly 100 stocks in the world's most undervalued markets, and Faber says those are - brace yourselves - Greece, Russia, Hungary, Ireland, Spain, Czech Republic, Italy, and Portugal.
March 25, 2014
IF YOU are a business in Pennsylvania, you can live in a tax paradise without having to move to the Cayman Islands. In some cases, you just have to move across town. In 1998, in order to stimulate job growth, the Legislature created a device called Keystone Opportunity Zones - areas where businesses could move and pay virtually no state and local business taxes for 15 years. Philadelphia has a number of KOZs - the Cira Centre and the Naval Yard, to name just two - where businesses have clustered.
March 23, 2014 |
VOORHEES Last year's passage of the Economic Opportunity Act rejiggered the formula to give South Jersey access to grants and tax incentives to lure businesses and investors - development carrots that the more heavily populated northern end of the state previously held claim to. Six months after the measure became law, many say the ripple effect is already being felt regionally. Among them are officials in Camden County and those as far south as Cumberland and Salem Counties who gathered Friday in Voorhees.
March 21, 2014 |
Under Pennsylvania's Keystone Opportunity Zone Program, 617 businesses received city tax credits worth $384.7 million from 1999 through 2012, according to a report released Wednesday by Philadelphia City Controller Alan Butkovitz. But 424 of those firms were partnerships or limited liability companies that had no employees paying wage taxes - the main short-term payoff for Philadelphia under the KOZ program, which virtually eliminates state and local business taxes for companies that move into underdeveloped, desolate areas.
March 16, 2014 |
Campus Philly was created in 2000 amid hand-wringing over the Philadelphia region's bumper crop of college graduates leaving the area, diplomas packed in their suitcases. Then, the organization's job was to sell the city to students in the hope that they would stay. With the city's popularity growing among young people, that sale has been made, said Deborah Diamond, the organization's president. Now, she said, the 392,491 students enrolled in 101 area colleges are asking, "How can I stay here?
March 14, 2014 |
JARVIS VARNADO, like a lot of players on the 76ers roster, is a man of few words. But when approached by reporters to talk about signing a new contract with the team, the reserved big man couldn't help but break out into a huge smile. Varnado said Tuesday's deal will keep him here this season and then two non-guaranteed seasons after that. "This is a great opportunity for me to stick my name in this league and coach is giving me an opportunity to play so I just have to take advantage of it," Varnado said yesterday.
February 21, 2014 |
IT'S YOUR last chance, America. Surely that's what NHL commissioner Gary Bettman implied this week and again yesterday morning on NBC. Four years from now, should the United States Olympic hockey team square off against Canada in a medal-deciding game, you will need to be a fan of college hockey or junior hockey to recognize any of the names. Or to care. So this is it. High noon today here, 9 p.m. Sochi time. A team of America's best NHL players against a team of Canada's best NHL players meeting in a knockout game for the second Olympics in a row, the third time in four Games.
February 4, 2014 |
IN LATE JANUARY last year, La Salle was 12-5 and not really in the NCAA conversation. The Explorers promptly beat Butler at home and then won at VCU on the way to winning nine of 11 and pushing right into the at-large pool. Saint Joseph's is in exactly the same position in early February. The Hawks were 14-6 heading into Saturday's home game with Massachusetts. Like La Salle last year, SJU is looking at opportunity over 8 days, all at home, with games this week against the Atlantic 10's best, Saint Louis and VCU. The Hawks got the first part of the trifecta, but definitely made it harder than it should have been.
January 24, 2014 |
NEW YORK - One man's struggle is another man's opportunity in the NBA. Yesterday, the Sixers announced that forward Brandon Davies will be out 4 to 6 weeks after surgery on his fractured right pinky. That meant the possibilities for Dewayne Dedmon got brighter. Dedmon's 10-day contract with the team expires today, but the combination of Davies' injury and the 7-foot center's play seem to make it a foregone conclusion that he will be signing at least another 10-day contract. "I like what we've seen in him," coach Brett Brown said.