The Philadelphia Orchestra and the major thorn in management’s side during the more than year-long bankruptcy process, the National Musicians’ Pension Fund, have settled their dispute.
The Orchestra Association has renewed the contract of Allison Vulgamore, at $450,000 per year.
Don’t panic, says Patricia Wurster, owner of The Travel Station in Oreland.
The state of Pennsylvania is taking the fist step in running the city of Harrisburg, which is near bankrupty.
The Orchestra and the Philly Pops decided to end their partnership as part of the Orchestra’s reorganization under Chapter 11 bankruptcy.
Health care costs continue to climb while many paychecks remain the same or get smaller.
Labor contracts between Atlantic City’s largest union and nine casinos are due to expire in one month and Local 54 is negotiating a new contract with another.
Now making its way through bankruptcy court, the Philadelphia Orchestra’s management is finding out the price tag for withdrawing from the pension plan for musicians is more than twice the initial figures.
The Philadelphia Orchestra announced Tuesday that it has received several major gifts and pledges toward its effort to emerge from bankruptcy and establish solid financial footing.
A bankruptcy judge is expected to approve documents outlining the Catholic Diocese of Wilmington’s proposed reorganization plan, including a $77 million settlement with nearly 150 alleged victims of priest sex abuse, after certain revisions are made.
In the midst of the bankruptcy of the Philadelphia Orchestra, supporters of Peter Nero and the Philly Pops will be relieved to know that management is working to repair its relationship with Nero. There were concerns it was going to cancel the Pops for next season.
Chris is angry about how the media is covering the rising energy prices, recaps the President’s Facebook town hall, examines the Philadelphia Orchestra’s bankruptcy and debates the designation of a hate crime. He talks to Fox News Senior National Correspondent, John Roberts, about Marcellus Shale drilling in Pennsylvania and James Babb, co-founder of Do Not Fly.
The Philadelphia Orchestra has scored another first, but none of its trademark lush notes were sounded. The stage was a courtroom, as it became the first major U.S. orchestra to declare bankruptcy.
Mayor Nutter and orchestra head Allison Vulgemore talked up the future after a meeting Tuesday at City Hall, mostly because the past is so proud and the present so troubled.
Chris talks to Philadelphia Mayor Candidates Milton Street and John Featherman as well as State Senator Richard Alloway about the castle doctrine and financial analyst Chris Butler about the U.S. long term outlook.