Liquor Privatization, Putting People Back to Work In PA

When it was created nearly 80 years ago during the administration of Gov. Gifford Pinchot, the goal of the state store system was to make liquor sales “as inconvenient and expensive as possible.” Lawmakers of Pennsylvania will work
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An Economy Driven by Competition

This article is excerpted from the book Outline of the U.S. Economy, published by the Bureau of International Information Programs. Many economists agree that an understanding of the American economy begins with Adam Smith’s concept of the “invisible hand.” Smith, considered the father of economics, wrote in The Wealth (more...)

G8 Nations Agree to Promote Economic Growth, Job Creation

By Merle David Kellerhals Jr. Staff Writer

President Obama says leaders of the Group of Eight (G8) nations agreed at the 2012 Camp David Summit to promote further economic growth and job creation that will stabilize and strengthen their economies for the future.
“For the past three years, our nations (more...)

Experts Describe Consequences of Raiding PA Race Horse Fund

In testimony before the Senate Democratic Policy Committee today, Pennsylvania horse breeders, trainers, and veterinarians described the economic success of the Race Horse Development Fund, and the risks to the state’s economy if the fund is raided to plug budget holes. “We heard a very convincing (more...)

Trump Tower Project In Batumi, Georgia reported, that the U.S. real- estate developer Donald J.Trump said, " he may invest more than $100 million in a residential high-rise on the Black Sea coast of Georgia as he considers projects in other former Soviet Union countries". Trump visited the capital of Georgia - Tbilisi and  discussed (more...)

Improving the Commonwealth Jobs Climate

The House will continue its focus on rebuilding the state's jobs climate from the destruction caused by Gov. Ed Rendell. Republicans are working to recreate in Pennsylvanian an atmosphere where people can build careers and improve their quality of life. The fact is, private-sector job creation and career-building is the best (more...)

Homeowners Discussed Impact of Property Tax Reassessment

As the City of Philadelphia undergoes a property assessment overhaul, residents across some older sections of Northeast Philadelphia could see a spike in their property taxes. Concerns over Mayor Michael Nutter’s Actual Value Initiative (AVI) have prompted two state lawmakers to more closely scrutinize the plan. (more...)

House Republican Announced Top priority – “EmployPA”

Pledging to undo the damage of the previous Democrat administration, and aiming to improve job opportunities for Pennsylvanians by leveling the playing field for job creators, House Republicans today announced their top priority, called “EmployPA,” which is aimed at creating more family-sustaining jobs and improving the (more...)

U.S. Economy Strongly Linked to Global Recovery

By MacKenzie C. Babb Staff Writer The global economic recovery requires the support of a strong U.S. economy, says International Monetary Fund (IMF) Managing Director Christine Lagarde. “The global economy is trying to emerge from the deepest and most painful economic crisis since the Great Depression,” Lagarde said April (more...)

Philadelphia Housing Crisis Protest

Last week there was a meeting in the Center City of Philadelphia: members from local chapter of  gathered at 15th and Market Streets to send a message to the President Obama about the housing crisis. “Save our homes!! Save our homes!!” shouted the protestors, CBS News reported. “I’m a homeowner (more...)

$50 Million For Economic Development In Southeast PA

U.S. Rep. Allyson Schwartz joined Philadelphia Mayor Michael A. Nutter and John Grady, President of Philadelphia Industrial Development Corporation (PIDC) today to announce that PIDC will receive $50 million through the New Markets Tax Credit (NMTC) program to spur private sector investment in low and moderate (more...)

Licenses And Inspections Releases 2011 Annual Report

The Department of Licenses and Inspections has released its 2011 annual report, spotlighting the department’s improved basic service and new strategic programs in the past year. In FY2011, L&I issued 41,497 permits, performed 93,103 construction inspections and 91,938 operations inspections, and completed 1,487 clean and seals and 580 (more...)

Fixing Economy Key to U.S. Future, Former Officials Say

By Andrzej Zwaniecki Staff Writer The period after the November elections and into the first months of 2013 will be critical for the U.S. economic future as the president and new Congress face the challenge of laying a framework for major economic reforms, according to former U.S. policymakers and central bankers. The administration and legislators will (more...)

Mayor Nutter Delivers Budget Address

Fiscal Year 2013 Budget and Fiscal Years 2013 – 2017 Five Year Plan introduced to City Council Mayor Michael A. Nutter delivered his proposed Fiscal Year 2013 (FY13) Budget and Fiscal Year 2013- 2017 Five-Year Plan in his annual budget address to City Council. The Mayor’s proposed budget (more...)

U.S. Economy Adds Jobs, Continues to Recover

By MacKenzie C. Babb Staff Writer The U.S. economy added 227,000 new jobs in February while the unemployment rate remained unchanged from January at 8.3 percent, according to a Labor Department report that the White House says signals an improved job market and stronger economy. “Despite adverse shocks that have (more...)