Philadelphia Region
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State lawmakers offer no solutions as school districts continue to impose tax hikes
MONTCO.Today’s owner and publisher wrote extensively about property tax reform during his days as senior editor of Digital First Media. If you would like to see him pick up the mantle once again, please send an email to [email protected] With no fix forthcoming from state lawmakers, suburban school districts continue to impose annual tax hikes…
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Wells Fargo: Retirement a major factor in shrinking number of financial advisers
Wells Fargo Advisors, the investment management arm of Wells Fargo & Co., experienced a net decrease of 173 financial advisers during the second quarter. The bank said the net loss represents just 1.2 percent of total advisers and that 32 percent of that was because of retirements, writes Jeff Blumenthal at bizjournals.com. [uam_ad id=”54865″] Over…
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SEPTA brings new locomotives online
SEPTA unveiled its newest fleet of locomotives that officials say will make mass transit more reliable. The transit agency purchased 15 ACS-64 Siemens locomotives at a cost of more than $100 million, writes Tom MacDonald at WHYY.org. [uam_ad id=”54865″] The model was selected after Amtrak chose it for its fleet, said Jeff Kneuppel, SEPTA general manager.…
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Area family-owned businesses plan for succession
Three family-owned businesses in the Philadelphia region — Asher’s Chocolates of Souderton, Perryman Building and Construction Services of Philadelphia, and the Brownstein Group of Philadelphia — aredealing with issues of succession, planning for the younger generation to take over the reins of management. Some of the plans do not involve family members at all, writes Kennedy Rose at…
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‘Indescribable … Indestructible! Nothing can stop The Blob
The region became a part of motion picture history 60 years ago when Steve McQueen and a destructive, amoeba-like alien starred in the sci-fi B-movie “The Blob.” The 1958 film was filmed in and around Phoenixville, and was McQueen’s first cinematic leading role. “(McQueen) thought the film would be quickly forgotten. He came to appreciate…
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SEPTA leads country in rail safety upgrade
SEPTA operates one of the few rail systems in the country to have installed the train safety system Positive Train Control in time to meet a congressionally mandated deadline at the end of this year. One hundred percent of its trains have been equipped with the system, and 100 percent of its employees have been…
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Tech Talk: ‘Fiber cut’ triggers multi-state internet outage
Outage reports for Comcast and other ISPs flared up across the country on Friday afternoon, as the Philly-based communications giant was affected by a “fiber cut” from an infrastructure partner. Comcast said on its Twitter account that one of its “large backbone network partners” suffered an accidental break in its optic fiber network, which affected Comcast’s service, and that of…
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Wall Street keeps on eye on Atlantic City with the opening of Hard Rock and Ocean Resort casinos
Massive music acts, celebrity appearances and an over-the-top fireworks display will mark the return of two casinos to Atlantic City Thursday – Ocean Resort Casino and Hard Rock Hotel & Casino Atlantic City. While the properties’ new owners fête curious crowds, Wall Street analysts reportedly remain weary. The two openings up the total number of…
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Tech Talk: Comcast machineQ platform deployed at golf courses, mines, vineyards
Comcast’s machineQ, a low-power wide-area network (LPWAN), is helping companies track carts around golf courses, monitor irrigation at vineyards and measure the amount of water used by mining operations. The Philadelphia-based communications giant, which launched machineQ in 2017, released the names of five companies currently using the technology, writes Roberto Torres at technical.ly. The five companies include Bensalem,…
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Self-service, mobile-driven boutique hotel to open in Wildwood
There’s a new accommodation set to open down the Shore, and you won’t find any front desks, concierge lines or room keys. The entire hotel experience is right at guests’ fingertips. Philadelphia native and South Jersey resident Kevin Reardon, 30, on July 1 will open The Shore House, a boutique accommodation with 12 apartments in North…
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Tech Talk: Philly’s startup to study use of video to overcome isolation of seniors
Backed by a $150,000 grant from the National Institutes of Health, Philadelphia-based startup OneClick.chat will join a study to evaluate the impact that video chat can have on social isolation among older adults. Two thirds of the grant will go to the Philly company so it can continue working on its platform, writes Roberto Torres at technical.ly.…
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Philly-area manufacturers worry, despite growth in jobs
Surveys of manufacturers in Greater Philadelphia and Bureau of Labor Statistics data show job growth in manufacturing in Pennsylvania after years of losses following the Great Recession, but the lack of highly skilled laborers continues to be a challenge. Because of the skills gap, more than 2 million manufacturing jobs are expected to go unfilled by…
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Temple U. adds to health system board amid restructuring
Temple University’s board of trustees said Friday that it had appointed four new members to the board of the Temple University Health System as part of a restructuring announced last week. The new direction could include the sale of Fox Chase Cancer Center and Jeanes Hospital, and will likely reshape the health system’s clinical and research programs,…
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PA ESC wants state to cash in on the esports market
The Pennsylvania Esports Coalition wants to bring the state’s gaming scene to the next level. The nonprofit industry organization, which launched earlier this month, wants to attract all stakeholders in the esports industry — from casual gamers and video game shops to lawmakers and massive game developers — to its vision of growing the esports…
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SEPTA mulls redesign of bus network
SEPTA issued a blueprint Thursday to revitalize its bus network in ways it hopes will provide faster service with fewer stops and no transfer fees. The fiirm of Jarrett Walker, a nationally recognized transit expert from Portland, Ore., was hired by SEPTA for $250,000 to author the 100-page report expected to shape the priorities for city…
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Tech Talk: In wake of Comcast bid, Disney raises Fox offer to $71B
Disney announced Wednesday it’s signed a new deal with Fox to pay about $71.3 billion in cash and stock for Fox’s movie studios, cable channels, international assets and its stake in Hulu, a boost from Disney’s and Fox’s original deal of $52.4 billion in stock. The offer comes nearly a week after after Comcast elbowed its way into the…
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SeventySix Capital to Host Conference on Future of Sports Tech, Sports Betting on June 26
SeventySix Capital – the Conshohocken-based venture capital firm led by Wayne Kimmel, Jon Powell, and former Phillies All-Star Ryan Howard – has announced a half-day conference, “The Future of Sports Tech and Sports Betting Conference,” to be held on Tuesday, June 26 from 8:30-11:30 AM at The Prince Theater in Philadelphia. Speakers will discuss the…
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Tech Talk: Philly firm introduces Loopy, a robot for kids
Philly-based LocoRobo, makers of STEM learning tools for kids, just launched a $20,000 KickStarter campaign aimed to help manufacture its latest creation: a tiny programmable robot called Loopy. The company, founded by Drexel University Ph.D. Pramod Abichandani, says Loopy’s AI and on-board sensors allow the toy to “learn and grow over time, personalize his responses to his human companion, and react to the…
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