September 25, 2013 |
With the Federal Reserve intent on keeping savings rates low, investors are looking for income among master limited partnerships, especially those focused in the energy field. We caught up with one such investor, Kenneth Kaszak, a registered investment adviser in the Pittsburgh area who oversees $25 million for clients mostly invested in MLPs. He operates in the backyard of the Marcellus Shale, Pennsylvania's homegrown natural gas boom. "Public pension funds are now getting into MLPs, which should give them an added boost," Kaszak said.
September 14, 2013 |
Hope has found a new home in North Philadelphia. Hope Partnership for Education, a private, nonprofit middle school, has moved from cramped rented space at a community center to a two-story building with room for the school and its students to grow. "I am overwhelmed by the idea that we have this space," said Sister Rose Martin, a Catholic nun and Hope's executive director and founder. "We are incredibly grateful to all the people who have invested in the dream that we have and care about the children.
August 27, 2013
AS A PARENT of children in the Philadelphia school system, I can't help but notice that the Philadelphia School Partnership seems to be behind every misguided school policy reported on in this newspaper. Who supported the plan for massive school closings that will displace 14,000 students and disproportionately harm our most vulnerable students, while expanding unaccountable charter schools? Who takes private funds in order to shape district policy, but recently lobbied legislators in Harrisburg to deny Philadelphia schools $45 million unless the district implemented anti-teacher policies?
August 2, 2013 |
A judge ruled against former Pennsylvania State Sen. Vincent J. Fumo and in favor of one of his daughters Thursday in a bitter legal struggle over trust-fund money. Orphans' Court Judge Joseph D. O'Keefe appointed Sylvia DiBona, godmother to 23-year-old Allison Fumo, as trustee and declared the ex-senator's choice null and void. The elder Fumo created a limited partnership to benefit Allison Fumo and his son, Vincent E., now 44. The family partnership and related trusts were worth about $2.5 million to the children.
July 11, 2013 |
Between tears and tissues, Vincent J. Fumo's younger daughter said from the witness stand Tuesday that she no longer has faith in him. "I don't trust my father, unfortunately," Allison Fumo, 23, testified. Her brother, Vincent E. Fumo, 44, said much the same. He said his father wanted to win "at all costs" - even if it meant draining every dollar from a $2.5 million trust fund set up for him and his sister. As the former state senator and Democratic powerhouse closes in on release from federal prison, the painful details of a new rift with his children were being laid bare in a fourth-floor courtroom in City Hall.
July 8, 2013 |
Last month, the state assumed full control of the public schools in the Camden School District. Of the 75 lowest-performing schools in the state, 23 are in Camden. The state's intervention affirms what many of us have long known: Despite its best efforts, the district consistently fails to educate its students or provide them with the love of learning they need to break the cycle of poverty. Any effort to turn around a district will take an enormous amount of time and work, and the Catholic Partnership Schools, which serve 1,000 city students, are ready to help.
June 28, 2013 |
Can beeping pill bottles help heart-attack survivors remember to take their medicines? That's one of the studies being undertaken in a research partnership announced Wednesday between Independence Blue Cross and Penn Medicine. The research collaboration requires a heavy dose of information technology, said Somesh Nigam, senior vice president and chief informatics officer at IBC. "Almost all of them require data from multiple sources," Nigam said. "Most importantly they require a 360 view of our members, our patients.
June 25, 2013 |
The Philadelphia School Partnership is scheduled to announce Tuesday that it will receive $4.5 million from the Michael and Susan Dell Foundation to help increase enrollment in high-performing city schools. A total of $4.3 million from the grant to the partnership's Great Schools Fund will support the expansion and start-up of successful schools in the city, including district, charter, and nonpublic schools. The money will be provided over three years. The foundation, based in Austin, Texas, was established by Michael Dell, founder and chief executive of Dell Inc., and his wife.
June 12, 2013 |
TRENTON - Cooper University Health Care of Camden and the MD Anderson Cancer Center of Houston unveiled their partnership at a Statehouse news conference Monday. Gov. Christie praised the venture and said it would greatly enhance cancer research and treatment in the region. MD Anderson, one of the nation's top cancer research and treatment facilities, has agreed to manage a $100 million cancer-treatment center at Cooper's main hospital campus in Camden, scheduled to open in October.
June 11, 2013
In the Region Atlas acquires gas reserves Atlas Resource Partners L.P. , the Philadelphia energy company, is buying 466 billion cubic feet of "mature, low-declining" natural gas reserves in New Mexico and Alabama from a subsidiary of EP Energy L.L.C. for $733 million. Current production from the new reserves nearly doubles the partnership's existing output. In addition, Atlas Energy L.P. , the partnership's parent company, is acquiring 45 billion cubic feet of reserves in Oklahoma from EP Energy for about $67 million.