The Philadelphia Economist

The 40 Under 40 honorees presented in grand style

2013-04-29T06:35:00.001-07:00

The 40 Under 40 honorees presented in grand style: We presented the class of 2013 40 Under 40 honorees about a week ago in a slideshow of the photographs submitted to us by the recipients.

Now, we’d like to do it right, with a slideshow of striking pictures taken by a terrific photographer, and generally cool guy, Jeff Fusco.

Some of the honorees were shot with props and gadgets and lariats and guitars and whatnot — things that are indicative of an aspect of their lives.

Most of the photos are accompanied by the honorees’ words describing…

PA 49th in job growth

2013-04-29T06:34:00.003-07:00

PA 49th in job growth: Pennsylvania was 49th out of 50 states when it came to job growth in March, according to data compiled by Arizona State University. The Keystone State saw a 0.03 percent growth in nonfarm jobs last month from March 2012. Only Wyoming (-0.25 percent) was worse off while the rest of the states added jobs.

New Jersey fared much better, finishing 25th with 1.15 percent increase in jobs. North Dakota (4.27 percent) experience the most job growth.

South Philly job fair overflows

2013-04-29T06:34:00.001-07:00

South Philly job fair overflows: Organizers of a job fair at the Navy Yard in South Philadelphia Friday were met with hundreds of people looking for work, CBS Philly reported

Councilman Kenyatta Johnson’s office organized this job fair and called it “No Excuses” because they claimed there was no reason not to attend, as shuttle buses were offered to get people from Broad and Oregon to the Navy Yard. So many people attended that hundreds were moved outside due to safety issues.

Run on South Jersey beach rentals not happening

2013-04-29T06:33:00.001-07:00

Run on South Jersey beach rentals not happening: OCEAN CITY, N.J. - In this beach vacation haven, home to the largest number of Jersey Shore summer rentals, they really thought they would be cleaning up this season - and not just from the aftermath of Hurricane Sandy.

Philadelphia School District to seek $60 million more

2013-04-29T06:23:00.001-07:00

Philadelphia School District to seek $60 million more: School District of Philadelphia leaders are expected Monday to ask Council to open the municipal wallet again - this time for $60 million - two months before the members have to pass a budget.

Study says SEPTA is strapped

2013-04-29T06:22:00.001-07:00

Study says SEPTA is strapped: SEPTA supports nearly 26,000 jobs, contributes $3.21 billion in economic output, and generates $62.5 million in state tax revenue, according to a study released Monday.

Federal audit of PHA brings more bad news for Greene

2013-04-29T06:21:00.001-07:00

Federal audit of PHA brings more bad news for Greene: A federal auditing agency has charged that former Philadelphia Housing Authority executive director Carl R. Greene falsely certified that his agency was not using taxpayer money for lobbying and has recommended that Washington take action against him "up to and including debarment."

Postal Service planning to cut to five days a week

2013-02-07T13:11:00.001-08:00

Postal Service planning to cut to five days a week: WASHINGTON - The financially struggling Postal Service announced Wednesday that it plans to stop delivering mail on Saturdays starting Aug. 1 - but will continue delivering packages.

Cherry Hill hopes Subaru HQ stays

2013-02-07T12:58:00.001-08:00

Cherry Hill hopes Subaru HQ stays: Subaru of America Inc., which has its national headquarters in Cherry Hill, is considering leaving the township, though the mayor says he's working to prevent that.

Chris Christie Gambling Law Veto: New Jersey Governor Strikes Down Measure For Second Time

2013-02-07T12:57:00.001-08:00

Chris Christie Gambling Law Veto: New Jersey Governor Strikes Down Measure For Second Time:
ATLANTIC CITY, N.J. -- Gov. Chris Christie vetoed a bill Thursday that would have made New Jersey the third state to legalize gambling over the Internet, but said he would sign it if it had a 10-year trial period and a higher tax rate on casinos.
It was the second time since 2011 that the Republican governor has vetoed an Internet-betting bill passed by the New Jersey Legislature. But the path Christie laid out toward winning his approval heartened supporters of online gambling, including Atlantic City's 12 casinos, numerous online betting companies and state lawmakers who hope to make the seaside resort a nationwide hub for Internet gambling.

Read More...

More on Chris Christie

Why Doesn’t the Postal Service Make Money?

2013-02-07T12:55:00.001-08:00

Why Doesn’t the Postal Service Make Money?:
The U.S. Postal Service announced Wednesday that it would end Saturday letter delivery beginning in August. The change reportedly will save the USPS $2 billion annually. UPS and FedEx post profits fairly regularly. Why can’t the Postal Service make money delivering mail?

Why Doesn’t the Postal Service Make Money?

2013-02-07T12:46:00.001-08:00

The Most Depressing Thing You'll Read All Day

2013-02-07T12:43:00.001-08:00

The Most Depressing Thing You'll Read All Day:

A new report from Rutgers is pretty dreary:

While about 8 percent of Americans are unemployed, nearly a quarter of Americans say they were laid off at some point during the recession or afterward, according to the survey. More broadly, nearly eight in 10 say they know someone in their circle of family and friends who has lost a job.
Keep reading this post . . .

Daniel H. Pink on The New World of Sales & Selling

2013-02-07T12:37:00.003-08:00

Daniel H. Pink on The New World of Sales & Selling:
Bestselling author Daniel H. Pink recently joined the Arts & Business Council of Greater Philadelphia to share fresh perspectives on the world of sales from his new book, To Sell is Human: The Surprising Truth About Moving Others.
In the video below, Pink explains why he thinks extroverts aren’t the best sales people, the adaptations salespeople must make to effectively sell in today’s market, the power shift between buyers and sellers, and more!
Watch the entire Q&A:

Daniel H. Pink on The New World of Sales & Selling

2013-02-07T12:37:00.001-08:00

US Airways, American Airlines close to merger deal

2013-02-07T12:32:00.001-08:00

US Airways, American Airlines close to merger deal:
US Airways and AMR, the parent of American Airlines, are close to reaching a merger agreement, in a deal that would create the world's largest airline, according to a person familiar with the situation.

New pediatric care center at Children's Hospital of Philadelphia is a "model"

2013-02-07T12:23:00.005-08:00

New pediatric care center at Children's Hospital of Philadelphia is a "model": The new Karabots Pediatric Care Center in West Philadelphia, with 35 doctors, is by far the biggest primary-care office in the Children's Hospital of Philadelphia network.

Glaxo's chief 'thrilled' at reaction to move to Navy Yard

2013-02-07T12:23:00.003-08:00

Glaxo's chief 'thrilled' at reaction to move to Navy Yard: GlaxoSmithKline reported lower fourth-quarter profits Wednesday and said it would consider selling off two soft-drink brands popular in the United Kingdom, but chief executive officer Andrew Witty said he was "thrilled" with the early feedback received from Philadelphia employees moving from Logan Square to a new facility at the Navy Yard.

Mohegan Sun joins Market East casino partners

2013-02-07T12:23:00.001-08:00

Mohegan Sun joins Market East casino partners: Market East Associates L.P., one of six applicants for Philadelphia's second casino license, said Wednesday that Mohegan Sun will be a partner in and would operate its proposed Eighth and Market Streets gambling hall.

The recession's psychological aftermath persists

2013-02-07T12:22:00.005-08:00

The recession's psychological aftermath persists: The recession is over and the job market is improving, albeit barely, but the psychological aftermath of the worst financial downturn since the Great Depression persists, according to a sweeping national survey by Rutgers University.

Small Business Basics: Help is here

2013-02-07T12:22:00.003-08:00

Small Business Basics: Help is here: If you are like one of the many business owners I know, you DREAD tax time. Unfortunately, your business has not planned ahead and entered the receipts in Freshbooks. Now you have to pull out the shoebox (or shoeboxes) of...

Top 4 ways to be safe from anaphylaxis

2013-02-07T12:22:00.001-08:00

Top 4 ways to be safe from anaphylaxis: Anaphylaxis is a rapid-onset, severe allergic reaction and occurs in children and adults and is estimated to affect between 3.3 and 43 million Americans. With an economic burden in the United States of $307 million for direct...

The recession's psychological aftermath persists

2013-02-07T05:14:00.001-08:00

New Jersey joins a list of states considering privatizing their lotteries

2012-04-29T14:16:00.003-07:00

New Jersey joins a list of states considering privatizing their lotteries: Interested in a piece of New Jersey's government? With Gov. Christie in office, now's the time to buy, buy, buy.

A bank of big dreams, big losses

2012-04-29T14:16:00.001-07:00

A bank of big dreams, big losses: United Bank - the city's only black-owned bank - was founded in 1992 with modest capital and big dreams, as a path to economic success for the city's African American community.