The following is from a McClatchy Newspaper account of the memorial service held for football coach Joe Paterno as published in the Intelligencer Journal New Era: “…Joe Paterno’s high school friend at Brooklyn Prep, Peter ‘Bill’ Blatty, later the author of the novel ‘The Exorcist,’ told the family this week: Blatty had entered a citywide […]
Month: January 2012
Poll shows dropping support for Paterno firing
HUFF POST: Support for the decision by Penn State trustees to fire the late Joe Paterno is falling, according to a national poll released Thursday. The Seton Hall Sports Poll indicated that 42 percent of respondents support the football coach’s firing, down from 55 percent in November. Forty percent said he should have been allowed […]
A new direction: www.RealReporting.org
Please note the our new logo above: NewsLanc.com / RealReporting.org. NewsLanc was an outgrowth of the bitter controversy concerning whether public funding and guarantees should be made available for the development of the Lancaster Convention Center / Marriott Hotel project.
Greece Inches Toward Deal in Talks With Its Creditors
NEW YORK TIMES: …Bankers and officials involved in the discussions say that bondholders have made significant concessions with regard to the interest rate, or coupon, that the new Greek bonds would carry. Having insisted previously on an average rate above 4 percent, creditors now seem willing to accept an a rate below 4 percent for […]
Are Penn State, Pitt and Tom Corbett in the pocket of Marcellus Shale Industry?
Host Ira Glass tells the stories of two professors, each making a calculation that no one had made before. One gets acclaim. One ends up out of a job. The first, Terry Engelder, a geologist at Penn State, was estimating the amount of natural gas that’s recoverable from the Marcellus shale, a giant rock formation that’s under Pennsylvania and several other Eastern states.
US growth accelerates to 2.8%
FINANCIAL TIMES: The US economy grew at a robust annualized rate of 2.8 per cent in the final three months of 2011 but there was little sign of rapid growth ahead. The commerce department’s first reading of gross domestic product growth in the fourth quarter accelerated from a tepid 1.8 per cent in the previous […]
Gov. Corbett shows Republicans he’s in charge
PATRIOT-NEWS: ….The attorney general race might be of particular interest to Corbett. As attorney general, he began the investigation into child sex abuse allegations against former Penn State assistant football coach Jerry Sandusky. Democrats seeking the seat this year have suggested that Corbett understaffed the investigation to avoid complicating his gubernatorial bid, and they promise […]
Corbett turned a blind eye re Hershey Trust
The same can be said about [Governor Tom] Corbett (and his entire office) regarding abuses in the Hershey Trust. He turned a blind eye to multiple improprieties and perhaps criminal activity because of political cronyism and a twisted allegiance to former AG, and Hershey Trust board chairman, LeRoy Zimmerman. The whole mess STINKS, the Hershey […]
U.S. agriculture secretary critical of Pa. plan to tie food stamps to assets
PHILADELPHIA INQUIRER: …Secretary of Agriculture Tom Vilsack, in Philadelphia to discuss President Obama’s State of the Union message, said the asset test “is not going to save the commonwealth a single dime,” and would, in fact, cost the state money to implement…. Mayor Nutter, at a City Hall news conference with Vilsack, was more pointed. […]
Despite public investment, Marriott Hotel profits or losses kept secret
The Penn Square Partners’ hotel business revenue and profits are a secret as tightly guarded as if they were a matter of national security, even though the hotel building they occupy is owned by taxpayers, and all of their meeting space from which they collect revenue is actually a part of the convention center. Their […]
Romney puts Gingrich on defensive in Florida debate
REUTERS: Republican presidential hopeful Mitt Romney took the fight to chief rival Newt Gingrich on Thursday in his most aggressive debate performance yet, five days ahead of Florida’s primary vote. Gingrich, who has displayed a mastery of debating skills during previous debates, was frequently caught flat-footed under attack from Romney who went after his chief […]
In praise of Phil Knights eulogy of JoePa
There were many wonderful tributes to JoePa during the memorial service yesterday…..Phil Knight’s tribute was the first one to address the ’scandal’, and Mr. Knight was right on the mark. His message was well recieved by those in attendance. WELL DONE Mr. Knight….you said EXACTLY what needed to be said!!!!!!
Bond concerns spark debate over convention center, hotel tax
From the CENTRAL PENNSYLVANIA BUSINESS JOURNAL: …Apart from the bond payments, the convention center is performing as or better than expected, [Kevin Moloy, Executive Director of the LCCCA] said. It has beaten its budget targets the past two years and is generating on average 1,500 “spillover” room-nights a month, he said, or 18,000 a year — in other words, nearly 50 rooms a night for other hotels in the area to supply…
Is Japan’s economy sliding toward irrelevance?
BLOOMBERG:….It is an incredibly safe, clean, efficient, predictable and consistently quirky place for an expatriate to reside. Japan is reasonably egalitarian, its people have one of the highest standards of living and enjoy the longest life spans, and its cities feature the best infrastructure anywhere. On a more superficial level, Japanese cuisine arguably blows away […]