August 19, 2013 |
A hilly expanse of rural Schwenksville was a kaleidoscope of color Saturday. On the hill overlooking the Philadelphia Folk Festival's main stage, the green grass was covered by a patchwork of royal-blue tarps, purple blankets, and rainbow-backed beach chairs. Many attendees, admiring performers on stages flanked by multicolored murals and signs, wore brightly colored garb, from red and blue bandanas to tie-dye shirts. And a stone's throw from the music - through a wooded area where dozens of hammocks hung between trees - hundreds of tents covered a large field, creating a temporary weekend village for thousands of happy festivalgoers.
June 18, 2013 |
Parke Bancorp Inc. has finally thrown off the TARP the small South Jersey bank holding company reached for in January 2009. That's TARP as in the federal bank-bailout effort known as the Troubled Asset Relief Program. If you thought TARP, which injected a total of $245 billion in capital into 707 banks of all sizes during the financial crisis, was over except for the screaming, you're half-right. The Treasury Department , which administers TARP, made its last investment in a bank in December 2009.
May 12, 2013 |
Considering the hoops that too many borrowers have to go through to obtain mortgage modifications, the news from the Treasury Department wasn't encouraging. In an April 24 report to Congress, the Office of the Special Inspector General for the Troubled Asset Relief Program, or TARP, reported that homeowners whose mortgages had been modified under the federal Home Affordable Mortgage Program were defaulting "at an alarming rate. " Data from the Treasury Department, which oversees HAMP, showed that the longer a homeowner remained in the program, the more likely he or she was to re-default out of the program.
April 18, 2013 |
CINCINNATI - The skies opened, but Phillippe Aumont continued throwing his warm-up pitches. Phillies players looked around at one another as the few remaining fans scrambled for cover. Finally, in the ninth inning Tuesday, Wally Bell relented. The home-plate umpire waved his right hand and the tarp was unfurled at 10:48 p.m. The second and final rain delay commenced. Nothing was decided in 81/2 innings at Great American Ballpark. No one scored. No one won. No one lost. A 0-0 game was suspended just as the bottom of the ninth was about to start.
November 1, 2012 |
McALLEN, Texas - A grand jury will consider the case of two Guatemalan immigrants killed when a Texas state trooper in a helicopter opened fire to stop a tarp-covered truck that authorities thought was ferrying drugs near the Mexico border, a prosecutor said Wednesday. Hidalgo County District Attorney Rene Guerra said after meeting with Texas Rangers that the case "will be taken to a grand jury, there's no doubt about that. " He added that he asked the investigators to tell the state Department of Public Safety that shooting from helicopters should be suspended until policies are reviewed.
October 10, 2012
The New York Times reports that, despite a sellout crowd of 36,067 on the season's final day, and despite an outcry from fans seeking playoff tickets - including the website removethetarps.com - the Oakland Athletics are keeping the tarps on the seats for the playoffs. After finishing fourth-from-last in major-league attendance in the regular season, the A's decided to maintain intimacy in the postseason. They will be keeping 20,878 upper-deck seats at the Oakland Coliseum - a number greater than the team's 20,728 average attendance - under wraps through the AL Championship Series, should the A's make it that far. In the meantime, they hosted Detroit on Tuesday night in Game 3 of their best-of-five division series, which the Tigers led, two games to none.
July 24, 2012 |
The new era of openness and transparency at Penn State continued early Sunday morning when workers erected a fence and draped it with a blue tarp so no one could witness the removal of the Joe Paterno statue that school president Rodney Erickson said had become "a source of division. " They went behind the tarp - the same sort of arrangement used on a racetrack when an injured horse has to be dispatched - and divided the statue from its foundation, trussed it with a moving blanket and plastic wrap, and forklifted the whole deal inside the stadium, presumably never to be seen again.
March 8, 2012 |
Ron "Boots" Nissenbaum 's industrial canvas-maker, Humphrys-CoverSports , at 5000 Paschall Ave. in Southwest Philly, counts Major League Baseball 's Reds , Twins , and Orioles as clients. But this winter the 65-employee company has won its biggest big-league order yet - to cover the Phillies field at Citizens Bank Park. The Phils have ordered a full-size infield tarp, with grommets and handles, made of web-reinforced white polyethylene, 175 feet on each side and big enough to cover a block of rowhouses.
January 27, 2012 |
WASHINGTON - A government watchdog says that U.S. taxpayers are still owed $132.9 billion that companies haven't repaid from the financial bailout, and that some of it will never be recovered. The bailout begun at the height of the financial crisis in September 2008 will continue for years, according to a report issued Thursday by Christy Romero, acting special inspector general for the $700 billion bailout. Some bailout programs, such as the effort to help homeowners avoid foreclosure by reducing mortgage payments, will last up to 2017, costing the government an additional $51 billion or so. The gyrating stock market has slowed the Treasury Department's efforts to sell off its stakes in 458 bailed-out companies, the report said.