between philadelphia and mt. vernon for a not very presidential reason. with us now is lee around ornol senior director of the library and collections and chief operating officer. thanks so much for joining us. it s a pleasure to be here. you re the historical person forgo to facts. i m happy to be here. i ve been with the historical society for 24 years and tour guide within the city. it s always amazing that people even locals don t know a lot of the history of their own city and area. one of the first ones starts with the founding of philadelphia and that it was first founded by william penn, a quaker. you already mentioned early that race street used to be called sasa frasthe east/west trees were named for trees and north/south after numbers and philadelphia was the very first city built on a public grid and public quar system in the united states and also first city that established a street numbering system based on numbers systemically. and why numbers and trees?
learning curve never lets up. dedicated is how he normally rides the market frankfurt line. yesterday he walked 52 blocks because it was the only way to get here, for the rest of the week, he s staying with a relative who is house is near school. i m staying with my aunt right now. i think there should be something written in that contract that they cannot shut the city down and hold everyone else hostage. reporter: back out here live at broad and vine, but you can see the traffic is moving nicely. the principal we re going to hear more from students about their traveling to get to school, how they re getting around this strike, including one high school whose father happens to work at septa. reporting at broad and vine, i m rosemary congre rosemary connors. nbc 10 s mitch blacher is giving us a bird s-eye view. we re already starting the commute with a 15 minute delay on those regional rail lines. septa says that those rail lines should expect heavy traffic a
As I was driving home recently, I called Charles Shriver. We were talking about this Special Topic when he said something quite clever. It perfectly captured how.
Building a diversified portfolio is a snap with a world allocation fund. These funds, including
T. Rowe Price Global Allocation (RPGAX), invest in a mix of stocks and bonds across the globe. We view the fund as a core holding, says Charles Shriver, one of the fund s two managers. It s a one-stop shop.
Shriver and his co-manager, Toby Thompson, make the big-picture calls of how to position the portfolio. They start with a target of 60% U.S. and foreign stocks, 29% U.S. and foreign bonds, and 11% alternative investments, then tilt the fund toward certain asset classes – large- versus small-company stocks, say, or growth versus value, or emerging-markets versus developed-world stocks or bonds – depending on their view of the world.