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
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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...)

PennWATCH: PA Spending Becomes More Transparent

No longer will Pennsylvania lag behind other states when it comes to finding information about how tax dollars are spent by government, Speaker-Designate Rep. Sam Smith (R-Jefferson County) said of today’s public unveiling of PennWATCH (Pennsylvania Web Accountability, Transparency and Contract Hub). “We are rebuilding the faith and (more...)

$22.67 Million Contributaion To City Pension Fund By Bond Refinancing

Mayor Michael A. Nutter announced that the City has priced an innovative bond refinancing, that has generated a onetime $22.67 million contribution to the City's Municipal Pension Fund, a refinancing that does not increase any costs to the City or add any risks to the City's (more...)

U.S. Holiday Shoppers Support Continued Economic Recovery

By MacKenzie C. Babb Staff Writer More people than ever before kicked off the holiday shopping season in the United States, offering a welcome boost to businesses continuing to recover from economic recession. The nationwide shopping spree began November 23, the day after Thanksgiving, known as “Black Friday” for its (more...)

U.S. Economy Continues Recovery with 13 Quarters of GDP Growth

By MacKenzie C. Babb Staff Writer The U.S. economy expanded at an annual rate of 2.7 percent from July to September, according to a new report from the Commerce Department. The latest figures from the department’s Bureau of Economic Analysis revised third-quarter growth up 0.7 percent from the 2.0 percent found (more...)

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