Lightnews — Scholar-powered news

Joseph N DiStefano @phillyjoed.bsky.social · 12h

The new Wawa near us doesn’t have free air (for tires). It’s the one Wawa product I use besides gas. Is Wawa phasing out free air?

Joseph N DiStefano @phillyjoed.bsky.social · 1d

Investor David Kotok, who recently sold his $3.3B AUM Cumberland Advisors to George Norcross' Mid_Penn Bank, on why the University of Pennsylvania shouldn't accept fellow Penn alumni President Trump's conditions on U.S. aid: dkotok.substack.com/p/ben-frankl...

Ben Franklin Is Rolling Over in His Grave

I weigh in on the Trump administration’s appalling, disruptive, and shameful attempt at intervention in the affairs of a private university (UPenn).

dkotok.substack.com

Joseph N DiStefano @phillyjoed.bsky.social · 1d

Investor David Kotok, who recently sold his $3.3B AUM Cumberland Advisors to George Norcross' Mid_Penn Bank, on why the University of Pennsylvania shouldn't accept fellow Penn alumni President Trump's conditions on U.S. aid: dkotok.substack.com/p/ben-frankl...

Ben Franklin Is Rolling Over in His Grave

I weigh in on the Trump administration’s appalling, disruptive, and shameful attempt at intervention in the affairs of a private university (UPenn).

dkotok.substack.com

Reposted by Joseph N DiStefano

Bloomberg News @bloomberg.com · 2d

When Brazil’s Lula and Donald Trump finally talked over their differences Monday, the man at the center of their months-long spat didn’t even merit a mention

Trump Seems to Turn Page on Bolsonaro in ‘Very Good’ Lula Call

When Brazil’s Luiz Inacio Lula da Silva and Donald Trump finally talked over their differences Monday, the man at the center of their months-long spat didn’t even merit a mention.

bloom.bg

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Joseph N DiStefano @phillyjoed.bsky.social · 2d

CEO of Philly's biggest bank notes that working class Americans are being squeezed by inflation and a slowing economy, and small/midsized businesses are slowing investment, but affluent investors are still doing well. my Q&A with WSFS's Rodger Levenson: www.inquirer.com/business/wsf...

Workers are feeling the squeeze from higher prices, insurance, and energy costs, says Philly’s top banker

Rodger Levenson is leading WSFS, the area's largest bank, as the economy slows.

www.inquirer.com

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Reposted by Joseph N DiStefano

Clem A Kaos @clemakaos.bsky.social · 5d

Who will make the steel for the data centers?

“The community itself showed that we have data scientists. We have engineers. We have these people in our community. They showed up and they directly refuted what this developer is trying to sell us.”

www.inquirer.com/consumer/tec...

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Joseph N DiStefano @phillyjoed.bsky.social · 5d

Journalist Mario Guevara, whose reporting annoyed ICE, to be deported from US in unprecedented case www.editorandpublisher.com/stories/jour...

Journalist Mario Guevara to be deported from US in unprecedented case - Editor and Publisher

“Mario Guevara’s deportation is a troubling sign of the deteriorating freedom of the press under the Trump administration,” said CPJ U.S., Canada and Caribbean Program Coordinator Katherine Jacobsen. ...

www.editorandpublisher.com

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Reposted by Joseph N DiStefano

Jake Blumgart @jblumgart.bsky.social · 6d

www.inquirer.com/transportati...

On a bus ride with SEPTA police, battling fare evasion is about more than writing tickets

A six-person team — sometimes undercover — patrols buses and trolleys to deter skipped payments. Riders and drivers agree it’s helped.

www.inquirer.com

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Joseph N DiStefano @phillyjoed.bsky.social · 6d

Yeah so my breakfast fell outta the trees in the yard

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Joseph N DiStefano @phillyjoed.bsky.social · 7d

😬

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Joseph N DiStefano @phillyjoed.bsky.social · 7d

Here's your test: gift him a bear www.theguardian.com/world/2018/a...

China bans Winnie the Pooh film after comparisons to President Xi

Memes likening Xi to the portly Pooh have become a vehicle in China to mock the country’s leader

www.theguardian.com

Joseph N DiStefano @phillyjoed.bsky.social · 7d

Rail giant @NScorp bought 150 Philly acres @$1, built freight yard, sold it to state @PhilaPort for $90MM, so @Hyundai can import more cars from Korea + @PhillyPortHolt can ship more food + drugs + hire more @Teamsters + @TheILAmobileApp my story: www.inquirer.com/business/phi...

More trucks and ships ahead: Philadelphia port buys rail yard for $90 million

The expansion will help the port to grow and add jobs. It also benefits Hyundai Glovis, which imports vehicles.

www.inquirer.com

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Joseph N DiStefano @phillyjoed.bsky.social · 7d

maybe you know singer John Flynn, fellow parishioner at our Catholic church, from A Manatee Sneezed on Me, Road Kill Cafe, comic songs. He works with ex offenders. His latest is about the ICE raids. His Christian message is clearer than our country’s leaders’. www.youtube.com/watch?v=r1Vr...

The Victim Tree

YouTube video by John Flynn - Topic

www.youtube.com

Joseph N DiStefano @phillyjoed.bsky.social · 8d

Saudis join Trump son-in-law in $55 billion deal for $EA Electronic Arts, maker of Madden, Battlefield, Sims and other video games apnews.com/article/elec...

How Electronic Arts' $55 billion go-private deal could impact the video game industry

In what could become the largest-ever buyout funded by private equity, video game maker Electronic Arts has agreed to be acquired in a deal valued at $55 billion.

apnews.com

Reposted by Joseph N DiStefano

Joseph N DiStefano @phillyjoed.bsky.social · 9d

Comcast follows Oracle, Netflix in naming co-CEOs as media giant pivots to face competition. My latest: www.inquirer.com/business/com...

Longtime Comcast CEO Brian Roberts gets a co-CEO as the company changes course

The change comes as Comcast prepares to separate some NBCUniversal networks into a new company. Michael Cavanagh will be the co-chief executive.

www.inquirer.com

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Joseph N DiStefano @phillyjoed.bsky.social · 9d

Comcast follows Oracle, Netflix in naming co-CEOs as media giant pivots to face competition. My latest: www.inquirer.com/business/com...

Longtime Comcast CEO Brian Roberts gets a co-CEO as the company changes course

The change comes as Comcast prepares to separate some NBCUniversal networks into a new company. Michael Cavanagh will be the co-chief executive.

www.inquirer.com

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Reposted by Joseph N DiStefano

Lisa Scheid @lisafscheid.bsky.social · 10d

share.inquirer.com/dnBmAe

A ‘brazen’ Jeffrey Yass-backed mailer suggests the Pa. Supreme Court created the congressional map it actually threw out

“It’s probably the most shameless political ad I’ve ever seen,” said Pennsylvania Supreme Court Justice David Wecht in a rare interview.

share.inquirer.com

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Joseph N DiStefano @phillyjoed.bsky.social · 12d

That's common. If they had taken all debt would they still be in business? More likely they'd still be broke, no?

Joseph N DiStefano @phillyjoed.bsky.social · 12d

More robots, fewer jobs: Warren Buffett's SPS plans to build a smaller factory to replace strategic PA jet-parts plant that burned mysteriously last winter. My latest, with links to previous @Inquirer coverage:
www.inquirer.com/business/sps...

SPS plans to build a smaller factory with more robots and fewer jobs at its burned Abington site

After fire destroyed the 100-year-old aerospace parts plant, the owner plans to rebuild, but employ fewer workers.

www.inquirer.com

1

Joseph N DiStefano @phillyjoed.bsky.social · 12d

Welp, private equity funded their expansion, then years later pulled the plug. A little like God in the Book of Job, no?

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Joseph N DiStefano @phillyjoed.bsky.social · 13d

Autozone grows as Pep Boys and others got out of the retail parts business.

Joseph N DiStefano @phillyjoed.bsky.social · 13d

Iron Hill Brewery, backed from 2016 by turnaround specialist Alvarez & Marshal's private equity arm, has now closed all 19 of its Philly-area brewpubs, and @erinK_mccarthy has the sad tale: www.inquirer.com/food/restaur...

Iron Hill Brewery has closed all locations

“We sincerely hope to return in the future, and when we do, we promise to welcome you with open arms,” Iron Hill management wrote Thursday in a Facebook post.

www.inquirer.com

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Joseph N DiStefano @phillyjoed.bsky.social · 13d

Starbucks is shutting hundreds of stores, while Autozone is opening hundreds more

Bloomberg News @bloomberg.com · 13d

Starbucks will close stores and eliminate 900 jobs in a $1 billion restructuring effort

Starbucks to Close Stores, Cut Jobs in $1 Billion Restructuring

Starbucks Corp. said it will close stores and eliminate 900 jobs in a $1 billion restructuring effort as the company amps up a turnaround plan under new Chief Executive Officer Brian Niccol.

bloom.bg

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Joseph N DiStefano @phillyjoed.bsky.social · 13d

Meanwhile Autozone is opening hundreds of stores in USA, Mexico, Brazil

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Reposted by Joseph N DiStefano

Bloomberg News @bloomberg.com · 14d

South Korea’s investment projects in the US will remain in limbo until visa issues are resolved, the nation’s prime minister said, urging Washington to act quickly to reassure Koreans concerned about getting detained for working there

South Korea Says US Projects Will Remain in Limbo Until Visa Fix

South Korea’s investment projects in the US will remain in limbo until visa issues are resolved, the nation’s prime minister said, urging Washington to act quickly to reassure Koreans concerned about getting detained for working there.

bloom.bg

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