I recently came across Wagslending.com a firm that is in the business of affordable leasing for pet lovers. At first I thought it was a joke. Why lease a pet? But it is on the level. Wagslending is now in 40 states and is one of many consumer finance agencies extending credit to purchase pets. Retail pet stores partner with pet lenders to move inventory in an increasingly competitive business.
Pets are a huge business in America, estimated at $60 billion last year. Think of the scope of the industry: breeding, supplies, food, veterinary care, temporary care kennels, even psychologists, insurers, and funeral homes. And this does not include the cost of nonprofit shelters or publicly-funded animal control systems; let alone America’s burgeoning economy of paid pet walkers and caretakers. Read More
State of the Race
During the past two weeks, the 2016 Presidential election has turned decidedly in favor of Hillary Clinton. Trump’s post-Cleveland bounce dissipated and national polls show an ever-widening lead for the Democratic nominee. Read More
Stories are the lifeblood of politics. Not just stories about candidates, but stories that sit at the intersection of candidates and the historical moment. To succeed on the national stage, your story has to connect with how voters view their own personal stories at this moment in time and how they view their future. Read More
On Thursday, an alliance of organizations, investors and entrepreneurs will launch ImpactPHL, an initiative to strengthen and grow the local impact economy. At the event, held at the offices of the Ben Franklin Technology Partners, the new coalition will unveil a study by the Economy League of Greater Philadelphia on the local impact economy. [Full Disclosure: Ajay Raju, a board member at The Philadelphia Citizen, helped fund the study.]
ImpactPHL builds on the significant work of investors, intermediaries, and small businesses throughout the region. This is a welcome effort promoted by capable institutions. Read More
The term impact investing became fashionable ten years ago as a way to describe the intentional focus on the social outcomes of financial investments. While the term is new, the practices it covers are not. There is a history of social investment and grassroots institution building that is an important part of the nation’s DNA. Read More
The Chaka Fattah guilty verdict earlier this week was anti-climatic. The Feds do not bring corruption charges against a sitting Congressman without a strong case. Moreover, two associates of the Congressman pled guilty and testified against him.
For all of his cool courtroom behavior, Fattah was not likely to come through this unscathed. He never had the resources to lawyer up and his defense that a few associates went rogue strained credulity.
Three associates were convicted along with the Congressman, including long time progressive activist Bob Brand. They will be sentenced in early October, along with the Congressman. Fattah will go to jail. Read More
Public corruption thrives as bureaucracies expand, political rules become arcane, and political competition diminishes through safe, gerrymandered districts and one party towns. No wonder Pennsylvania is among the most corrupt states in the nation.
While we are used to corruption probes and trials, the revelation that John Estey, former chief of staff to Governor Rendell, pleaded guilty this month to wire fraud in an FBI sting caught everyone by surprise. Read More
The recent story in the Philadelphia Inquirer about the FBI probe into Philadelphia land deals could have been written at any number of times during the past half century. Every few years, cartons of files from housing and redevelopment agencies get hauled out of offices, but cases are rarely brought against agency staff or politicians. Read More
Put aside the question of blame for Pennsylvania’s budget arriving 200 days late. Who deserves the most blame is now inconsequential. The more important question is: Can Governor Wolf regain political momentum? Read More
In two weeks, the presidential primaries come to Pennsylvania. Pennsylvania primaries are often anti-climactic because they come relatively late in the process. But not this time! Like the three-dozen states before us, we will host active contests characterized by boisterous, populist rhetoric from Donald Trump and Bernie Sanders. Read More