Erin Arvedlund
Erin Arvedlund
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Comcast, NextFab are giving grant money, accelerator spots to Philly small businesses

Comcast, NextFab are giving grant money, accelerator spots to Philly small businesses

Hoping to spur a post-pandemic recovery, companies from to the are seeking small-business owners to apply for grant money and accelerator programs in the Philadelphia area. Comcast on Tuesday said it will open applications March 1 through March 14 for $10,000 small business grants in Philadelphia and Chester. , which is giving $5 million to Black, Indigenous, and people of color-owned small businesses in five cities nationwide, including $1 million in Philadelphia and Chester. Related stories Eligible businesses can apply for the $10,000 grant at . Grants are available to small businesses...

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Erin Arvedlund
Feb 10
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Your student loan servicers — Navient, Nelnet, and FedLoan — pay big bucks to CEOs and lobbyists

Your student loan servicers — Navient, Nelnet, and FedLoan — pay big bucks to CEOs and lobbyists

There’s big money in America’s $1.5 trillion in student loans — and a lot of it doesn’t go just to students. Much like Wall Street, the student loan financing industry is an interlocking web of well-paid CEOs and lobbyists who move easily among the U.S. Department of Education, student loan servicing firms, and the halls of Congress. Related stories With presidential candidates such as Sens. Bernie Sanders and Elizabeth Warren proposing student loan cancellations, student lenders and servicers are now drawn into America’s political conversation. And while the servicer CEOs don’t make Wall...

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Erin Arvedlund
Jul 1, 2019
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Biden’s plan to fix student loans puts spotlight on debt cancellation and easier bankruptcies

Biden’s plan to fix student loans puts spotlight on debt cancellation and easier bankruptcies

There’s renewed interest in solving America’s student loan crisis, and two strategies are emerging as possible front-runners now that Joe Biden has become president. One is simply canceling debt — Biden has proposed allowing student borrowers to cancel up to $10,000 in what they owe. He has also campaigned on a call to make it easier for college loan debtors to get out of the squeeze by declaring bankruptcy. There is no doubt that the numbers are staggering — 44 million people owe $1.7 trillion in total debt, with $1.5 trillion of that in federal student loans. Biden’s forgiveness plan...

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Erin Arvedlund
Jan 27
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Philly cemetery operator StoneMor issued 2020 calendar with quote from infamous Nazi SS leader

Philly cemetery operator StoneMor issued 2020 calendar with quote from infamous Nazi SS leader

, one of the nation’s largest cemetery owners, mistakenly issued a 2020 calendar with a quote from Germany’s Nazi commander Heinrich Himmler, the architect of Adolf Hitler’s “final solution.” StoneMor printed about 38,000 of the calendars late last year and sent them to its funeral homes as part of an annual marketing campaign for customers. It blamed an outside vendor for choosing an infamous quote attributed to Himmler: “My honor is my loyalty.” The theme for the entire calendar was “honor.” But the phrase — featured on the page for November — was , and it referenced loyalty to Hitler....

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Sam Wood
Oct 8
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Even the best case for coronavirus deaths is worse than Trump says, according to a new Wharton model

Even the best case for coronavirus deaths is worse than Trump says, according to a new Wharton model

The number of coronavirus-related deaths and the economic impact of over the next two months will vary widely depending on how quickly the U.S. economy reopens, according to a new model, with even the best-case scenario exceeding the fatalities predicted by President Donald Trump. Even with no changes to the current patchwork of state-mandated business closures and social distancing guidelines, the number of coronavirus cases in the United States could reach 2.3 million by the end of June, with 117,000 deaths, according to the new Penn Wharton Budget Model analysis released Friday....

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Erin Arvedlund
May 1
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