By Glenn A. Brown, DMD, MBA on June 20, 2009
Gasoline prices have remained steady for the nation, but not for Philadelphians. As of this morning, the average price for a gallon of gasoline in Philadelphia is $2.73. Gas in New Jersey remains near $2.53, and the nation is looking at an average of $2.69 a gallon.
However, this time a year ago gas in Philly [...]
Posted in In the News | Tagged economy, gasoline prices, philadelphia
By Glenn A. Brown, DMD, MBA on June 19, 2009
For over three decades, the Philadelphia Commercial Development Corp. has provided financial support to local minority businesses and start up companies. To date, much of the PCDC’s funds are received from state and federal grants provided by the city of Philadelphia.
In early July, the city plans to cease its funding of PCDC, and to redirect those funds, in [...]
Posted in In the News | Tagged minority business, PCDC, philadelphia
By Glenn A. Brown, DMD, MBA on March 15, 2009
Homeowners across the US should beware of so-called mortgage counselors that are making money taking advantage of financially strapped homeowners. These companies are charging fees ranging from a couple hundred up to thousands dollars to modify home loans under the Obama administration’s Recovery Plan.
Approximately 100 homeowners throughout the country have been scammed by [...]
Posted in In the News | Tagged foreclosure, mortgage scam
By Glenn A. Brown, DMD, MBA on January 17, 2009
A multi billion dollar aid package for Bank of America is being considered by the federal government to help with losses at Merrill Lynch.
Bank of America’s shares fell another $1.88, to close at $8.32. Bank of America benefited from last Fall’s relief aid, receiving $25 billion in aid. Even with aid from the government, Bank [...]
Posted in In the News | Tagged bailout, Bank of America, economy, recession
By Glenn A. Brown, DMD, MBA on January 17, 2009
Temple University has revealed their plan for budget cuts and to freeze nonunion salaries in 2010. The planned five percent cut will result in a savings of approximately $40 million. Additionally, the university has pulled its contract offer for the faculty union and will devise a less costly proposal.
As state revenues weaken, more cuts could [...]
Posted in In the News | Tagged budget cuts, economy, recession, Temple University
By Glenn A. Brown, DMD, MBA on January 12, 2009
Unemployment rates continue to rise. An estimated 2.6 million jobs were lost in 2008, the most since 1945. A shocking 11.1 million people were unemployed as of December 2008.
In December, the unemployment rate was reported to be as high as 7.2 percent, which is up from 6.8 in November.
Employers are not [...]
Posted in In the News | Tagged delaware, job loss, jobless, Pennsylvania, philadelphia, unemployment rate, Wilmington
By Glenn A. Brown, DMD, MBA on January 7, 2009
Over the past several months, most have come to realize no industry is immune from the recession we are facing. Local Pennsylvania hospitals can be added to the list of entities suffering from the present financial crisis.
The Health System Association of Pennsylvania (HAP) released results of a survey conducted in December of 160 hospitals [...]
Posted in In the News | Tagged Debt Relief, economy, financial crisis, hospitals, Pennsylvania
Lets connect!