Archive: November, 2009
Hearing an expert say, “Soon any hospital in the U.S. will be able to pull up your medical history” reminds me of the picture phone that AT&T demonstrated at the 1964 World’s Fair.
Let’s just say it wasn’t the next big thing.
There’s been no breakthrough in technology for electronic medical records. Unless Google has been quietly digitizing everyone’s medical files, there’s been no killer app.
Even in a lackluster commercial real estate market, some deals are getting done.
American Realty Capital Trust Inc., of Jenkintown, recently bought 15 newly constructed CVS pharmacies in 11 states for about $60 million.
Formed by real estate investor Nicholas Schorsch about two years ago, American Realty has built a portfolio of 119 single-tenant commercial properties containing more than 1.2 million square feet of space.
Reaction to my Tuesday column about the closing of oil refineries in Delaware and South Jersey elicited more sympathy for the affected workers and their families than relief over cleaner air.
Craig Davies, of Westampton, Burlington County, wrote in an e-mail that he thought I was understating the 950 jobs that Sunoco and Valero said they were eliminating.
“Add the union electricians, pipefitters, carpenters, insulators and laborers that will not have jobs as a result of the closures and you are more than double the 950 figure,” he wrote.
Thanksgiving is as much about anticipation as it is about the feast. There’s the smell of the turkey cooking in the oven and waiting for the guests to arrive.
There’s also a lot of anticipation right now about the recovery of the U.S. economy. Many signs point to the recession’s end, but it still doesn’t feel very good. It never does until the job market snaps back.
We’ve been told not to expect major gains in employment until the second half of 2010, and that means consumers won’t be splurging on holiday shopping.
Cumberland Advisors Inc. is following the pull of money in the Sunbelt, but it’s not leaving the Garden State.
The money-management firm based in Vineland, N.J., will open an office in Sarasota, Fla., in January.
Chief investment officer David R. Kotok, who co-founded the firm in Cumberland County in 1973, will be based in Sarasota along with about 10 other employees, said spokesman Michael McNiven.
Cumberland Advisors Inc., a money-management firm based in Vineland, N.J., is opening an office in Sarasota, Fla., in January.
Chief investment officer David R. Kotok, who co-founded the firm in Cumberland County in 1973, will be based out of the new office along with about 10 other employees, according to spokesman Michael McNiven.
Kotok and other Cumberland investment advisors frequently appear as guests on cable financial-news channels and media outlets.
If you had to pick organizations that have done more to make the Philadelphia region a cleaner, more sustainable place this year, who would you choose?
Gamesa, for building wind turbines in Bucks County?
The Delaware Riverkeeper Network, for suing to stop the deepening of the Delaware River?
The Greater Philadelphia Leading Index has risen for five straight months through September. The index, built by the economics firm IHS Global Insight, uses indicators that generally change direction six months before the overall economy.
Phil Hopkins, director of research for Select Greater Philadelphia, which sponsors the quarterly report, retained his cautious outlook, but said the leading index could be forecasting a bottoming of the regional economy this winter.