Happy Monday. Get the week started with a quick look at five stories to know about today:
1. Fed chair: Former Treasury Secretary Lawrence Summers has withdrawn his name from consideration to lead the Federal Reserve. The economist, who grew up on the Main Line, cited the contentious his nomination to succeed Chairman Ben Bernake would bring. President Obama was thought to be leaning toward picking Summers; Fed vice chairman Janet Yellen has also been mentioned as a top candidate.
2. First Asian Miss America: Miss New York Nina Davuluri was crowned Miss America in Atlantic City, becoming the first Asian-American contestant to win the pageant.
3. Archdiocese to assess parishes: The Archdiocese of Philadelphia will assess the viability and resources of 46 parishes. Over the past several years, 30 parishes have merged or closed, and more consolidation could occur.
4. Boardwalk recovery: Recovery efforts are continuing at the site of a massive New Jersey boardwalk fire that damaged dozens of businesses in Seaside Park and Seaside Heights. Officials from the NewJersey Economic Development Authority and other agencies are set to meet with businesses and residents today and Gov. Chris Christie has announced a potential $15 million in recovery funds. Investigators are still trying to determine how the blaze began. Miss America winner Nina Davuluri was set to visit the fire scene, but her trip is postponed so business owners can meet with state officials.
5. Puerto Rican parade changes: After Philadelphia police officer Lt. Jonathan Josey was caught on video punching a woman at last year's Puerto Rican Day Parade, changes are in store for this year's event. At the Sept. 29 parade, officials will stress low tolerance for drunkenness and high-ranking police personnel will be on site. And Mayor Nutter is slated to announce post-parade events this week, including a concert and movie.