Joseph N DiStefano
@phillyjoed.bsky.social
[email protected]
I write about money and people
mostly for the Philadelphia Inquirer
https://www.inquirer.com/author/distefano_joseph_n/
+OFS
I write about money and people
mostly for the Philadelphia Inquirer
https://www.inquirer.com/author/distefano_joseph_n/
+OFS
'Everyone has shifted to private credit,' which just makes stuff up. For example: www.inquirer.com/business/pri...
What’s a billion-dollar loan really worth? For private credit funds, it depends on who’s counting
Private credit funds lend to businesses but aren’t bound by rules that govern banks. They've raised trillions, but valuations are opaque.
www.inquirer.com
January 21, 2026 at 12:58 PM
'Everyone has shifted to private credit,' which just makes stuff up. For example: www.inquirer.com/business/pri...
Reposted by Joseph N DiStefano
Probably one of the worst decisions made by this administration to date. And a huge chunk of the revenue will just go to enforce the BIRT onto microscopically small businesses. If you're not going to even try to fight uniformity clause then you don't care about the economic future of the city
January 20, 2026 at 2:28 PM
Probably one of the worst decisions made by this administration to date. And a huge chunk of the revenue will just go to enforce the BIRT onto microscopically small businesses. If you're not going to even try to fight uniformity clause then you don't care about the economic future of the city
Will smartphones split the Amish? For both sides, 'I am the bad boy,' says a Plain computer network maker. My story: www.inquirer.com/business/all...
This Plain businessman started a computer service for the Amish. Does it do too much, or not enough?
For 21 years, Allen Hoover has offered text-based business technology out of Lancaster County for Plain believers. "It has not made me a popular person."
www.inquirer.com
January 20, 2026 at 12:15 PM
Will smartphones split the Amish? For both sides, 'I am the bad boy,' says a Plain computer network maker. My story: www.inquirer.com/business/all...
How Philly small businesses are coping with a 'tax cut' that is forcing tens of thousands to pay the city's unusual revenue and income taxes for the first time www.inquirer.com/business/bir...
Philly small businesses face a big tax headache as an exemption ends
Even with extensive city guidance, “it becomes a logistical nightmare” for small taxpayers, who may have to hire professionals to figure out what they owe and exemptions that can reduce the total.
www.inquirer.com
January 20, 2026 at 12:13 PM
How Philly small businesses are coping with a 'tax cut' that is forcing tens of thousands to pay the city's unusual revenue and income taxes for the first time www.inquirer.com/business/bir...
U.S. funds will train @PhillyShipyard workers. My story: www.inquirer.com/business/shi...
This $8M federal college grant will train Hanwha shipyard workers
The program will quadruple its apprenticeship training programs from around 120 workers a year to around 500. Apprentices could earn around $30 a hour.
www.inquirer.com
January 20, 2026 at 12:13 PM
U.S. funds will train @PhillyShipyard workers. My story: www.inquirer.com/business/shi...
Reposted by Joseph N DiStefano
The Trump administration laid out a plan intended to compel tech companies to effectively fund the construction of new power plants as a way to tame surging consumer utility bills while aiding the development of data centers
Trump Pushes for Emergency Power Auction to Fuel AI Boom
The Trump administration and several states laid out a plan intended to compel technology companies to effectively fund the construction of new power plants as a way to tame surging consumer utility bills while aiding the development of data centers.
bloom.bg
January 16, 2026 at 9:30 PM
The Trump administration laid out a plan intended to compel tech companies to effectively fund the construction of new power plants as a way to tame surging consumer utility bills while aiding the development of data centers
Governors and Trump agree: time to force PJM power network to make new data plants, not current consumers, pay for new power
President Trump and US Northeast governors will direct the nation’s largest grid operator to hold an emergency power auction putting technology giants on the hook to pay for the construction of a fleet of new plants
Trump to Direct Key US Grid Operator to Hold Emergency Auction
President Donald Trump and US Northeast governors will direct the nation’s largest grid operator to hold an emergency power auction that would force technology giants to pay for the construction of a fleet of new plants.
bloom.bg
January 16, 2026 at 4:37 AM
Governors and Trump agree: time to force PJM power network to make new data plants, not current consumers, pay for new power
Despite @elonmusk's "Dexit" campaign, "Delaware experienced a sharp increase in corporate incorporations in 2025, both absolutely and relative to other states," reports @harvardcorpgov H/t Lauren Pringle corpgov.law.harvard.edu/2026/01/15/a.... See also www.inquirer.com/business/elo...
An Update on DExit, from the Corporate Census
An update on DExit, from the Corporate Census Despite fears that Delaware’s recent judicial and legislative turmoil would trigger a corporate ...
corpgov.law.harvard.edu
January 15, 2026 at 3:46 PM
Despite @elonmusk's "Dexit" campaign, "Delaware experienced a sharp increase in corporate incorporations in 2025, both absolutely and relative to other states," reports @harvardcorpgov H/t Lauren Pringle corpgov.law.harvard.edu/2026/01/15/a.... See also www.inquirer.com/business/elo...
Too many knuckleheads with guns
"Dozens of kids have been wounded in accidental shootings in recent years, often the result of other children finding unsecured guns in their homes." www.inquirer.com/crime/philad...
The fatal shooting of a 16-year-old inside Chipotle bathroom may have been unintentional, sources say
Police believe that Khyon Smith-Tate was inside the bathroom with a friend when the gun went off.
www.inquirer.com
January 13, 2026 at 7:13 PM
Too many knuckleheads with guns
When Dave McCormick, ex of Ray Dalio’s Bridgewater hedge funds, beat U.S. Sen. Bob Casey D-PA, business contacts called him a sensible hope for post-Trump GOP. Haven’t seen much independence, but @fallonroth.bsky.social notes wife Dina Powell is getting ahead at $FB www.inquirer.com/politics/nat...
Dina Powell McCormick, former Trump official and Dave McCormick’s wife, will be president of Facebook’s parent company
Dina Powell McCormick, a banking and finance executive and a former Trump official, will focus on partnering with governments to further promote Meta AI, Mark Zuckerberg said.
www.inquirer.com
January 13, 2026 at 12:59 PM
When Dave McCormick, ex of Ray Dalio’s Bridgewater hedge funds, beat U.S. Sen. Bob Casey D-PA, business contacts called him a sensible hope for post-Trump GOP. Haven’t seen much independence, but @fallonroth.bsky.social notes wife Dina Powell is getting ahead at $FB www.inquirer.com/politics/nat...
U.S. gives $8 million to train Hanwha Philly Shipyard workers at community college, Korea sites. My story: www.inquirer.com/business/shi...
Hanwha and Delco Community College get $8M federal grant to train shipyard workers
The program will quadruple its apprenticeship training programs from around 120 workers a year to around 500. Apprentices could earn around $30 a hour.
www.inquirer.com
January 12, 2026 at 11:31 PM
U.S. gives $8 million to train Hanwha Philly Shipyard workers at community college, Korea sites. My story: www.inquirer.com/business/shi...
Reposted by Joseph N DiStefano
Reposted by Joseph N DiStefano
It is a good article and I think these stories are important to tell.
It is frustrating, similar to the soybean industry they knew what happened in Trump 1 but the areas hit hard still put him back in power adn the bailout really rubs me wrong.
Giftlink: share.inquirer.com/Ntozj9
It is frustrating, similar to the soybean industry they knew what happened in Trump 1 but the areas hit hard still put him back in power adn the bailout really rubs me wrong.
Giftlink: share.inquirer.com/Ntozj9
Pa. loggers want a bailout from President Trump. Without it, they say mass layoffs could be next.
Logging industry groups say they would welcome a bailout to ease the impact of import taxes and foreign retaliatory tariffs, which have slowed demand.
share.inquirer.com
January 12, 2026 at 3:11 PM
It is a good article and I think these stories are important to tell.
It is frustrating, similar to the soybean industry they knew what happened in Trump 1 but the areas hit hard still put him back in power adn the bailout really rubs me wrong.
Giftlink: share.inquirer.com/Ntozj9
It is frustrating, similar to the soybean industry they knew what happened in Trump 1 but the areas hit hard still put him back in power adn the bailout really rubs me wrong.
Giftlink: share.inquirer.com/Ntozj9
Pa. loggers: Trump tariff threats have cut export sales, forced us to pay tariff costs + driven equipment costs so high: we had to stop hiring + investing. We like the goal of protecting USA, but please give us a bailout, like you did farmers. -My story: www.inquirer.com/business/pen...
Pa. loggers want a bailout from President Trump. Without it, they say mass layoffs could be next.
Logging industry groups say they would welcome a bailout to ease the impact of import taxes and foreign retaliatory tariffs, which have slowed demand.
www.inquirer.com
January 12, 2026 at 2:15 PM
Pa. loggers: Trump tariff threats have cut export sales, forced us to pay tariff costs + driven equipment costs so high: we had to stop hiring + investing. We like the goal of protecting USA, but please give us a bailout, like you did farmers. -My story: www.inquirer.com/business/pen...
What to do with unwanted office buildings? These Pa. developers used Ori beds, credit-union cash, and China supply connections to turn an unwanted office building near failed Exton Mall into a high-end SRO for neighbors like Vanguard and QVC www.inquirer.com/real-estate/...
These old Exton offices are becoming ‘hotel-apartments’
Is Flats on 100 a model for aging, discounted, vacant suburban offices?
www.inquirer.com
January 12, 2026 at 1:36 PM
What to do with unwanted office buildings? These Pa. developers used Ori beds, credit-union cash, and China supply connections to turn an unwanted office building near failed Exton Mall into a high-end SRO for neighbors like Vanguard and QVC www.inquirer.com/real-estate/...
U.S. move against Venezuela enables Trump donor Paul Singer to take over Citgo assets, including a controlling chunk of 300-acre Petty's Island next to Philadelphia, which NJ long coveted for a park, writes Inquirer's Frank Kummer www.inquirer.com/real-estate/...
January 9, 2026 at 5:02 PM
U.S. move against Venezuela enables Trump donor Paul Singer to take over Citgo assets, including a controlling chunk of 300-acre Petty's Island next to Philadelphia, which NJ long coveted for a park, writes Inquirer's Frank Kummer www.inquirer.com/real-estate/...
'C-minus at best': DuPont boss Ed Breen + Wall St banks made $$ breaking it up, but $DD returns trail $SPX badly, per WSJ www.msn.com/en-us/money/...
As I wrote @PhillyInquirer, DuPont chip-supplies spin-off $QNITY is worth > DuPont, still makes Tyvek, Corian www.inquirer.com/business/qni...
As I wrote @PhillyInquirer, DuPont chip-supplies spin-off $QNITY is worth > DuPont, still makes Tyvek, Corian www.inquirer.com/business/qni...
MSN
www.msn.com
January 9, 2026 at 3:31 PM
'C-minus at best': DuPont boss Ed Breen + Wall St banks made $$ breaking it up, but $DD returns trail $SPX badly, per WSJ www.msn.com/en-us/money/...
As I wrote @PhillyInquirer, DuPont chip-supplies spin-off $QNITY is worth > DuPont, still makes Tyvek, Corian www.inquirer.com/business/qni...
As I wrote @PhillyInquirer, DuPont chip-supplies spin-off $QNITY is worth > DuPont, still makes Tyvek, Corian www.inquirer.com/business/qni...
Reposted by Joseph N DiStefano
Trump’s cuts to the federal workforce over his first year in office became clearer Wednesday with the release of new employment data from the U.S. Bureau of Labor Statistics (BLS).
Pa. and N.J. lost thousands of jobs after federal workers signed up for Trump resignation program
The Trump administration offered federal workers the opportunity to resign with months of pay last year. New data indicates how many have left federal jobs in the region.
www.inquirer.com
January 8, 2026 at 11:43 AM
Trump’s cuts to the federal workforce over his first year in office became clearer Wednesday with the release of new employment data from the U.S. Bureau of Labor Statistics (BLS).
@AveloAir cuts hub that flew @DHSgov deportees, cites uncertain profits. Did protests have an impact? My story: www.inquirer.com/business/ave...
Avelo stops deportation flights in Arizona; protesters in Delaware applaud
In canceling the flights, the airline cited closure of the Arizona base and lack of profits from deportation.
www.inquirer.com
January 8, 2026 at 6:02 PM
@AveloAir cuts hub that flew @DHSgov deportees, cites uncertain profits. Did protests have an impact? My story: www.inquirer.com/business/ave...
Reposted by Joseph N DiStefano
E-commerce billionaire Marc Lore is trying to do to takeout what Amazon did to shopping. Do people want food made in a culinary fulfillment center?
The $2 Billion Experiment to Transform Restaurants With Robots and AI
E-commerce mogul Marc Lore’s Wonder is trying to do to takeout what Amazon did to shopping. Do people want food made in a culinary fulfillment center?
bloom.bg
January 8, 2026 at 10:30 AM
E-commerce billionaire Marc Lore is trying to do to takeout what Amazon did to shopping. Do people want food made in a culinary fulfillment center?
Young people looking for a progressive career should consider insurance, those folks measure risk and can cancel bad behavior in ways government can’t or won’t
January 8, 2026 at 10:34 AM
Young people looking for a progressive career should consider insurance, those folks measure risk and can cancel bad behavior in ways government can’t or won’t
Government for Sale to corporate leaders, accused criminals www.nytimes.com/interactive/...
Hundreds of Big Post-Election Donors Have Benefited From Trump’s Return to Office (Gift Article)
Well into his second term, the president and his allies have continued aggressively raising money. Many donors have interests before his administration, The Times found.
www.nytimes.com
January 6, 2026 at 10:59 AM
Government for Sale to corporate leaders, accused criminals www.nytimes.com/interactive/...
Armed but not paid: Ex guards for Philly public housing, schools, gas works, Navy Yard sue security firm for missing wages, deposits. Lawyers for 100+ said they went unpaid while protecting the public. City officials stood by til I wrote about it. Latest: www.inquirer.com/business/sec...
PHA and Navy Yard security guards sue contractor over unpaid hours and overtime
Sovereign Security faces a class-action lawsuit seeking back wages and damages.
www.inquirer.com
January 5, 2026 at 4:06 PM
Armed but not paid: Ex guards for Philly public housing, schools, gas works, Navy Yard sue security firm for missing wages, deposits. Lawyers for 100+ said they went unpaid while protecting the public. City officials stood by til I wrote about it. Latest: www.inquirer.com/business/sec...
apnews.com/article/cuba... says 32 Cuban officers were killed in US operation in Venezuela
Cuba says 32 Cuban officers were killed in US operation in Venezuela
The statement on official media late Sunday said the Cuban military and police officers were on a mission the Caribbean country’s military was carrying out at the request of Venezuela’s government.
apnews.com
January 5, 2026 at 11:23 AM
apnews.com/article/cuba... says 32 Cuban officers were killed in US operation in Venezuela