Month: August 2016

We already have a natural gas tax in Pa.

It’s disappointing and surprising the Observer-Reporter continues to ignore market realities in its call for even higher energy taxes (“Is Severance Tax Dead?” Aug. 11) considering Washington County is one of the top recipients in the state of revenue resulting from the impact fee.

‘Conflict of interest’: SEC makes Apollo repay $40M to Pa. and other investors

Apollo Global Management, the $186 billion-asset private-equity firm whose bosses include Sixers lead owner Josh Harris, has agreed to pay $53 million to settle Securities and Exchange Commission complaints that the firm reduced returns available to its clients, including the Pennsylvania state pension fund (SERS), by inadequately disclosing fees it collected from companies it bought with their cash before selling them or taking them public.