The location in Southwest Philadelphia is hardly glamorous: a former junkyard bordered by an oil refinery tank farm. But something extraordinary is happening there in these punishing recessionary times.
In September, the rush was on. With financial Goliaths collapsing and the nation’s financial leaders warning Congress of grave consequences, investors grabbed money and ran for the closest bank with FDIC-protected certificates of deposit. The idea was to safeguard money fast, think about options later.
WASHINGTON - Having become a prominent presence in the nation’s capital over the last decade, the Pew Charitable Trusts has formally established a signature residency.
When Marcia and Richard Tyrell moved to Bucks County from Chicago in 1995, they looked to lease a farm where they could keep their horses. They found one in Washington Crossing, but it might have been serendipity when the lease was up and they quickly had to find another.
Philadelphia and environs haven’t been rocked as hard by the housing downturn as many other places. Still, area residents and developers may be invested in those other locales, and that can bring those problems to our door.
"That’s such a need-based business that it really is a good indication that the consumer hasn’t checked out."
- Industry analyst Marshal Cohen, on the rise insales of men’s underwear