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Speculation

SPORTS
June 15, 2012 | By John Smallwood, Daily News Columnist
THINGS WOULD have been less confusing had Philadelphia Union CEO and operating partner Nick Sakiewicz simply said team manager Peter Nowak got canned on Wednesday because the squad hadn't performed up to expectations. That's an easy concept to grasp. After making the playoffs last season, the Union is 2-7-2 and in next-to-last place in the MLS East with eight points. Fans wouldn't need more justification than that for the sacking. But Sakiewicz made a point to emphasize at a hastily called news conference that the Union's record did not factor in the decision to remove Nowak, the only manager the third-year franchise has had. In fact, Sakiewicz said he was pleased with the way the team has performed and attributed its record to the cruelty of the sport.
NEWS
May 31, 2012 | By Michael Biesecker, Associated Press
GREENSBORO, N.C. - The judge overseeing the John Edwards campaign-corruption trial sent the jury home Wednesday after eight days of talks without a verdict and released the four alternate jurors, who have garnered attention for their matching shirts but have not participated in the deliberations. U.S. District Judge Catherine C. Eagles cautioned the alternates not to discuss or read media reports about the trial in case they need to be recalled. Eagles gave no indication whether she believed the 12 jurors were any closer to deciding the fate of the two-time Democratic presidential candidate.
NEWS
May 30, 2012 | By Jeremy Roebuck and INQUIRER STAFF WRITER
Jerry Sandusky met with his attorney, state prosecutors, and the judge handling his case Tuesday in a private, three-hour session, a day before the last scheduled pretrial hearing in his child sex-abuse case. The previously unannounced session fueled talk of potential eleventh-hour developments in the widely watched case against the former Pennsylvania State University assistant football coach, which is set to begin jury selection next week. "There's a lot of speculation that a plea [deal]
SPORTS
May 11, 2012 | By Keith Pompey, Inquirer Staff Writer
Are the non-football schools in the unsettled Big East Conference thinking of leaving and creating their own basketball-first league? The answer, according to Joe Bailey on his third day as interim commissioner, is no. In a teleconference with reporters on Wednesday, Bailey - who agreed to become the temporary head of the Big East after John Marinatto resigned Monday - declared he had heard no talk of a mass defection. The managing director of an executive sports recruiting firm and former CEO of the Miami Dolphins, among other positions, he actually poked fun at the claim.
NEWS
March 13, 2012
If a former U.S. secretary of the Treasury is diversifying away from the American dollar, the rest of us had better pay attention. Robert Rubin, who as U.S. Treasury secretary in the 1990s heralded a strong-dollar policy, last week announced that he has too much of his personal investments tied up in the greenback. A "disproportionate amount" of his assets are in cash and he "should be more allocated away from the dollar," Rubin, 73, told the TradeTech conference in New York.
NEWS
March 11, 2012
John R. Lott Jr. and Grover G. Norquist are coauthors of the just-released book Debacle: Obama's War on Jobs and Growth and What We Can Do Now to Regain Our Future (John Wiley & Sons) With regular gas prices topping $3.70 last weekend, angry politicians are blaming the higher prices on speculators and greedy oil companies. On Monday, The Hill newspaper reported that 23 senators and 45 congressmen, all Democrats except for one independent, called for urgent action against the "speculators" they hold responsible.
BUSINESS
March 11, 2012 | By Jeff Gelles, Inquirer Columnist
We're used to the occasional gap between what some politicians claim and - how to put this delicately? - the facts. But even with suitably low standards, there was something breathtaking - a gap the size of the Grand Canyon - in Newt Gingrich's comments last week on gasoline prices. The former House speaker was urging Super Tuesday supporters to inculcate their friends with his vision of $2.50-a-gallon gas as a key reason to elect him to the White House. "Point out three numbers to them," Gingrich said.
BUSINESS
February 12, 2012 | By Joseph N. DiStefano, Inquirer Staff Writer
Money's tight for Pennsylvania. But last month, a state agency went to Wall Street and borrowed $107 million to enrich a California hedge fund, a Wall Street bank, and other speculators in a Harrisburg office building. Result: Investors who bought bonds tied to the city's Forum Place at deep discounts are being paid full price to turn them in, giving them millions in profit. But state officials say that's still a good deal for taxpayers - because the new arrangement will allow state workers to park their cars at a discount.
NEWS
February 6, 2012 | By Shaun Brady, For The Inquirer
It would, of course, be futile to speculate about how Jimi Hendrix would have evolved had he lived past the age of 27. But given his wide-ranging tastes and rumors of planned collaborations with the likes of Miles Davis and Gil Evans, it seems safe to assume that he would have at least crossed paths with the jazz-rock fusioneers of the 1970s. One possible outcome of such an alternative history was suggested at the Painted Bride on Saturday night. Guitarist David "Fuze" Fiuczynski played an eclectic set of radically rearranged songs by the late guitar wizard and others, from what vocalist Freedom Bremner referred to as "the Hendrix diaspora.
BUSINESS
January 31, 2012 | By Mike Armstrong, Inquirer Staff Writer
Over the summer, Alden Global Capital acquired 100 percent of the Yardley-based Journal Register Co. newspaper chain when it bought the shares owned by fellow hedge fund investors. Now Alden Global may be looking to reduce or sell its stake in the publisher of The Inquirer and Philadelphia Daily News, according to a report in the New York Post over the weekend. Word of the possible sale by the New York hedge fund that reportedly controls 30 percent of Philadelphia Media Network Inc. fanned speculation among employees and readers that the newspapers and Philly.com website might be headed to their third ownership change since 2006.
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