Bob Fernandez
@bobfernandez1
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Reporter for Wall Street Journal; former Philadelphia Inquirer; former Akron Beacon Journal. Author of The Chocolate Trust.
Yardley, Pa.
Joined April 2008
📺DEBUT: ‘The Rockford Files’ starring James Garner premiered as a TV movie 51 years ago, March 27, 1974, on NBC
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Opioid firm Endo dodged billions in U.S. taxes and put Americans in danger of addiction, disease and overdoses for profits. Here's our story published by ProPublica and the Phila Inquirer:
propublica.org
For a decade, the Justice Department delayed a winning criminal case against Philadelphia-based Endo Health Solutions. That allowed the company to vastly expand its narcotics empire and execute a...
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Stunning, stunning story! How Opioid Giant Endo Escaped a $7 Billion Federal Penalty https://t.co/rXf4cggGqN by @bobfernandez1 @CraigRMcCoy w/ @PhillyInquirer
propublica.org
For a decade, the Justice Department delayed a winning criminal case against Philadelphia-based Endo Health Solutions. That allowed the company to vastly expand its narcotics empire and execute a...
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We are in an era of higher-for-longer interest rates and stronger-for-longer job markets. Incredible really when compared with job market post-dot com and post-GFC.
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There have been a few recent articles in the press about @Disney 'winning' its proxy contest with Nelson Peltz based on early election returns that have been leaked to the media. We don't have an investment in Disney, but I thought it useful to point out the inappropriateness of
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Downtown Cleveland’s @GreyhoundBus station is hanging on but probably not for long. (my pics from 1/30/24). On an August trip from Philadelphia, Pa., to Columbus, OH, the Philly station had been moved to tiny storefront; Columbus drop-off was no longer downtown but miles away
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California added just 50,000 jobs between September 2022 and 2023, down from initial estimates of a 325,000 gain. Employment surveys overestimated job growth in higher-paying private-sector jobs and underestimated government job growth https://t.co/9Ndjz8uSia
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Powerful piece on what the imprisonment of @evangershkovich means for the rest of us from @greg_macafee, editor of The Vindicator in Youngstown. With gratitude #IStandWithEvan
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Russia: Good video of the size of the population that turned out for Alexey Navalny's funeral in Moscow, the largest public gathering since anti-Putin protests under Boris Nemtsov's leadership over a decade ago, before he too was assassinated by Putin.
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A skyscraper in Pennsylvania just went pending at a shocking $20 per sq ft - yes, that's not a typo The 450k sq ft tower in Allentown, PA is under contract to be sold for $9 million They are practically giving away office buildings at this point but there aren't many takers
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my latest: Remember @Bankrate report claimed Philly area car insurance premiums rose fastest in USA? I asked em to check math. They admit they exaggerated. Big. Was 21% (below US average) Not '154%' They say they input wrong Zip codes Others, too https://t.co/5PXXJBczzC
inquirer.com
A data error caused bad calculations. According to revised numbers, the Philadelphia metro area's increase in car insurance costs is about 21%.
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More Fed!
US bank regulators are preparing to introduce a plan to require that banks tap the Federal Reserve’s discount window at least once a year to reduce the stigma of using the facility. Scoop from @kjspeakstruth
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.@FCC Chair @JRosenworcel tells Congress agency has no authority “over lead remediation, mitigation, or abatement” in communications networks. Agency regulates communications services. @WSJ $T $VZ https://t.co/1r5Xaq2Sq2
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Federal investigation is looking for at least $75 million in missing silver and gold from a Delaware warehouse https://t.co/KVFovcVCae via @phillyinquirer
inquirer.com
“Most of these investors were elderly people,” says the court-appointed receiver overseeing First State Depository. “They were investing their savings. It’s tragic.”
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@bobfernandez1 . we crossed over into $2T
Today, the student debt crisis reached $2,047,887,773,290
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The Federal Reserve has a problem: its own rate hikes. The central bank’s latest financial documents show $1.3 trillion in unrealized losses on securities. by @bobfernandez1
https://t.co/LOfZOrZimp
wsj.com
The Federal Reserve is paying out more in interest than it is getting on many securities it owns.
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McNesby was super-effective as an advocate for Philly cops even if you didn't agree with him at times. https://t.co/3fUaLp9HTp
inquirer.com
McNesby has for years been a controversial local figure — an unapologetic defender of police officers, a bruising labor leader, and a pugnacious public presence prone to incendiary rhetoric.
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Hey @bobfernandez1 how is the WSJ? This seems like yesterday but also a lifetime ago.
See also Inquirer veteran @bobfernandez1 's original story on Frank Eliason and how @ ComcastCares responded to https://t.co/wq7lJCfxOa . Bob is now at @WSJ
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