Hey “Sugar Mommas” & “Sugar Daddies: “Don’t Miss Out on This!

The qualifications required to claim federal tax exemptions can be confusing, especially for Americans who financially supported their significant other in 2012. To help taxpayers in this predicament, personal finance resource, www.GoBankingRates.com, investigates the IRS rules surrounding dependents
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How Does Improve Organization of Tax Collection Structure?

Startled by a recent newspaper report that more than 1,700 Philadelphia tax delinquents are receiving local property tax breaks, state Sen. Mike Stack sent a letter today to Mayor Michael Nutter, urging him to better organize the tax collection process. “With each passing month, there are more and more examples as (more...)

Dip in U.S. Unemployment Shows Recovery “Gaining Traction”

By Stephen Kaufman Staff Writer The U.S. Department of Labor’s jobs report for the month of February showed that 246,000 Americans were hired for new jobs, and the U.S. unemployment rate dropped two-tenths of a percentage point to 7.7 percent, the lowest recorded level since December 2008. Alan Krueger, chairman (more...)

Pennsylvania Interest Rates Much Worse Today Than in 2011

The Web's leading resource for local interest rate data, www.GoBankingRates.com, investigates historical deposit account rates offered by local Pennsylvania banks and credit unions in its latest rate study. The report finds that average CD and savings account rates in Pennsylvania have all fallen over the last (more...)

U.S. Central Bank Will Keep Interest Rates Low

By Stephen Kaufman Staff Writer Federal Reserve Chairman Ben Bernanke told U.S. lawmakers that the U.S. central bank plans to continue its current quantitative easing program of purchasing $85 billion worth of U.S. mortgage and Treasury bonds per month to help spur U.S. economic recovery by keeping interest (more...)

Trans-Atlantic Trade Deal a “Unique Opportunity” for U.S., EU

Secretary of State John Kerry said the U.S. relationship with Germany is one of its “most vibrant” global alliances, and that a proposed trans-Atlantic trade deal with the European Union would help to lift the economies of both participants, as well as raise global trading standards. Speaking (more...)

Mayor Announces Mailing Of Property Assessment Notices

Mayor Nutter and City officials provide update on the Actual Value Initiative (AVI). Mayor Michael A. Nutter announced that Property Assessment Notices for tax year 2014 for residential, commercial and industrial properties are being mailed and are available online today.  The Assessment Notices reflect, for the (more...)

U.S. to Auction Gulf of Mexico Oil and Gas Exploration

Oil and gas prospectors will be able to bid on leases March 20 to explore and develop petroleum resources in the central Gulf of Mexico as part of the Obama administration’s five-year leasing program for the region. Secretary of the Interior Ken Salazar and Tommy Beaudreau, director of (more...)

Biden: U.S. Will Handle Economic Challenges “Just Fine”

Vice President Biden said economic conditions in the United States are improving, and he urged European countries to resolve their economic crisis, saying a “strong and capable Europe” is in the interests of the United States and the rest of the global community. Speaking at the Munich Security (more...)

U.S. Homeownership High Among Foreign-Born

The rate of home ownership is high among the foreign-born living in the United States, according to a report recently released by the U.S. Census Bureau. More than half (52 percent) of foreign-born householders owned their homes in 2011, according to the study. In contrast, about two-thirds (67 (more...)

U.S. Economy Stalls, but Maintains Its Growth Potential

By Stephen Kaufman Staff Writer The U.S. Department of Commerce reported that the U.S. gross domestic product (GDP) shrank at an annualized rate of 0.1 percent during the last quarter of 2012, according to its initial estimate, citing a reduction in U.S. government spending, private inventory investments, exports (more...)

Philadelphia’s Planning & Zoning Process Receives Best Practice Planning Award

The City of Philadelphia’s Integrated Planning and Zoning Process will receive the 2013 National Planning Excellence Award for a Best Practice from the American Planning Association for the City’s innovative approach at leveraging the synergy between citizen education, planning, and zoning reform. The Best (more...)

Business Planning for Success

Whether you are just starting out or ready to expand your enterprise, a business plan is your blueprint for success. Projecting three to five years into the future, a business plan articulates your business goals and clarifies your path to achieving those goals. A business plan is essential (more...)

World Bank Projects Slow but Steady Economic Growth for 2013

By Stephen Kaufman Staff Writer The World Bank says that in 2013 the global economy will continue to experience very slow but steady growth, citing the need for structural fixes in high-income countries and weaker-than-expected growth in developing countries, but it says the risk of a large financial crisis (more...)

U.S. Trade Deficit Widened in November

The U.S. trade deficit expanded to a seven-month high in November at $48.7 billion, reflecting a rise in the U.S. import of consumer goods from its trading partners around the world, according to data released January 11 by the U.S. Department of Commerce’s Census Bureau and Bureau (more...)

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