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Knowledge@Wharton: Debate on Whether the Economy Can Recapture Past Growth Continues
The long-running debate between Northwestern University economists Robert J. Gordon and Joel Mokyr on whether the economy can recapture its past growth continued during a recent interview with Knowledge@Wharton. Gordon firmly believes that the major advancements made over the last two centuries, such as the switch from the candle to electricity, cannot be matched in…
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Merck Launches Renflexis, a Biosimilar Version of Remicade
Merck has launched a biosimilar version of Remicade, Johnson & Johnson’s blockbuster drug, writes John George for Philadelphia Business Journal. Biosimilar products are designed to be equivalent to previously approved branded biological product. They differ from generic drugs as they have the identical chemical makeup of their branded counterparts. Originally developed by Malvern’s Centocor, Remicade…
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Rydal’s Louis G. Malissa, Former CEO of Penn Ventilator, Dies Aged 93
Rydal’s Louis G. Malissa, the executive who helped build Penn Ventilator into an international corporation, died on July 23 at Rydal Park Senior Community aged 93 after complications from a fall, writes Bonnie L. Cook for Philly.com. Malissa grew up in Logan where he attended high school before joining the Army during World War II.…
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Former St. Joseph’s Preparatory School Teacher to Entertain and Educate in Act II Playhouse Show
Rosemont’s Tony Braithwaite aims to entertain and educate Ambler residents with his new Act II Playhouse show, “Didn’t Your Father Have This Talk With You?”, writes Rita Charleston for Chestnut Hill Local. Braithwaite, who grew up in Bala Cynwyd and is a former theology and sex education teacher at St. Joseph’s Preparatory School, started in…
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Wynnewood’s Ben Shanks to Run Comcast Tower’s New Four Seasons
Wynnewood’s Ben Shank, who started his career working as a busser at the old Four Seasons at Logan Square, will manage the new Four Seasons hotel on top of the Comcast tower, writes Steve Tawa for CBS Philly. Shank, whose wife and three children currently live in Wayne, is a Lower Merion High School graduate.…
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Bala Cynwyd’s Hamilton Lane Sets Its Sights on Australia
Bala Cynwyd’s Hamilton Lane is solidifying its presence in Australia by opening an office in Sydney, writes Jeff Blumenthal for Philadelphia Business Journal. Hamilton Lane was founded 25 years ago and focuses on alternative investment management. It has offices in the United States, the UK, Israel, Brazil, South Korea, Japan, Hong Kong, and now Australia.…
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Five Montgomery County CEOs on List of Philadelphia’s 20 Highest Paid
Five chief executive officers of Montgomery County based companies are among the twenty highest earning CEOs in the Philadelphia area, writes Fabiola Cineas for Philly.com. Published by Philadelphia Business Journal, the list ranked 160 CEO’s in the region by their FY 2016 compensation based on S&P’s Capital IQ. According to the list, the highest earning…
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Owner of King of Prussia’s Duck Donuts Discusses Expansion Plans and Local Competition
Deciding to open a Duck Donuts in King of Prussia Town Center was an easy choice for the founder and owner Russ DiGilio, writes Kenneth Hilario for Philadelphia Business Journal. “King of Prussia is known as the ultimate shopping and dining destination,” said DiGilio in an interview with Philadelphia Business Journal. “We felt the family-friendly,…
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Transit Oriented Developments Shift Focus to Garages
Developments based around easy access to public transit are switching their focus to garages with Lower Merion Township one of the first to embrace this new urban design concept, writes Caitlin Mccabe for Northwest Arkansas Democrat Gazette. The concept aims to reduce the number of cars in mixed use developments by creating walkable communities that…
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AstraZeneca Hope Lodge Provides Free Overnight Accommodation for Cancer Patients and Caregivers
AstraZeneca Hope Lodge in Cheltenham is providing cancer patients with help and hope when they need it the most, writes Mark Hiller for PA homepage. Cancer patients and their caregivers have been able to stay at the American Cancer Society run facility for free while receiving treatment in Philadelphia since it opened its doors eight…
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TruMark Financial Continues Its Acquisition with Philadelphia Mint Federal Credit Union
Fort Washington’s TruMark Financial Credit Union has agreed to buy the Philadelphia Mint Federal Credit Union, writes Jeff Blumenthal for Philadelphia Business Journal. This marks TruMark’s tenth deal in the last 11 years as it gradually acquires small but very active credit unions. TruMark has also moved its headquarters from Trevose to Fort Washington, and…
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New Director of PAID Predicts Exciting Economic Future for Pottstown
Peggy Lee-Clark, the newly hired director of Pottstown Area Industrial Development Corp and former board member, believes that Pottstown is on the verge of an economic breakthrough, writes Evan Brandt for The Mercury. As head of PAID, Lee-Clark is the borough’s top independent economic development officer. “Great things are going to happen, but we’ll get…
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Consumers’ Checkbook: Are You Paying Too Much to Have Your Shirt Laundered, Dress Dry-cleaned?
Finding a good drycleaner can often be a time consuming and frustrating process that could also cost you a treasured outfit in the process, writes Kevin Brasler for Philly.com. To make the choice easier, Delaware Valley Consumers’ Checkbook has ranked around 200 dry cleaners in the Greater Philadelphia area. The ratings measure both quality and…
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Montgomery County’s Anxious Youth Find Solace in Meditation Apps
Young people from Montgomery County and around the country who are struggling with anxiety are finding solace in online meditation apps, writes Courtenay Harris Bond for Philly.com. Fourteen-year-old Noa Spanier, who will soon be a freshman at Lower Merion High School, is a dancer, painter, and a viola player. However, she constantly grapples with anxiety…
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SEPTA Spending Millions to Give Riders Real-Time Data
Very soon SEPTA riders in Montgomery County will know exactly where their bus, trolley or train is at and how quickly it’s coming down the line. A $5.6 million investment in new technology is set to provide 30-second updates by the end of the summer, according to a Philly.com report by Jason Laughlin. SEPTA’s technology…
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Cheltenham Township News Portal CitizensCall.net to Close
Suburban Philadelphia journalism has seen several news outlets shutting down recently, with Cheltenham Township’s CitizensCall.net now joining the list, writes Joseph N. DiStefano for Philly.com. Owner of CitizensCall.net, Stephen Strahs, said the independent news site has been suspended and will soon be permanently removed. Strahs worked as an economic-development and labor consultant before moving into…
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Former Sixers GM Sam Hinkie Relied on Nature to Clear Snow at his Bryn Mawr Home
Sam Hinkie, the former general managers of the Sixers, relied on the power of nature to clear snow from his driveway in Bryn Mawr, writes Dan McQuade for Deadspin.com. For many supporters of the iconic manager, this will come as no surprise as he was well known for having some quirky habits. This particular one…
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Bala Cynwyd’s Fastax Financial Services Celebrates 25 Successful Years
Carol A. Robinson, founder, president and CEO of Fastax Financial Services which has an office in Bala Cynwyd, is celebrating twenty-five successful years, writes Ayana Jones for The Philadelphia Tribune. Robinson launched Fastax after leaving her corporate career as a tax accountant and financial systems manager at Sun Co. This gave her a strong client…
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