| Oct 13, 2013
After plunging early in the week over fears that the United States might default on its debts, stocks rallied Thursday and Friday after House Republicans showed a willingness to temporarily extend the debt ceiling for six weeks.
Investors clearly were...
| Mar 22, 2013
| 4:53 PM
There's money in poverty. Learning to work the system of government payments can mean lavish salaries under the guise of helping the poorest among us. Just ask Middletown-based Community Health Center Inc. CEO Mark Masselli, though he probably won't speak...
| Mar 26, 2013
| 7:40 AM
When it comes to generating income from investments, Americans' expectations for returns are significantly higher than what they are actually earning, according to a survey released this morning by Legg Mason Inc.
“Our survey is telling us that...
| Apr 1, 2013
In 1972, Jim Reynolds was less than two months shy of graduating from Chicago Vocational High School, with plans of becoming a television repairman.
Raised in Englewood on the city's South Side, he had been studying the trade for two years when his...
| Jun 11, 2013
| 7:32 PM
The state-owned Hyatt Regency Chesapeake Bay resort in Cambridge continues to deplete a reserve fund to cover its semiannual debt payments because it is not making enough money.
The state withdrew $2 million from the reserve June 1, cutting the fund's...
| Jun 15, 2013
| 1:15 PM
The Maryland Economic Development Corp. expects to fall short next year on payments to investors who bought the bonds that funded the Hyatt Regency Chesapeake Bay, a state-owned golf resort hotel and conference center on the Eastern Shore.
| Jun 20, 2013
| 6:09 PM
NEW YORK — This year's dizzying stock market rally was halted with the biggest one-day plunge of the year.
The Dow Jones industrial average slumped almost 354 points Thursday amid fears that the economy will slow now that the Federal Reserve has...
| Sep 22, 2013
| 11:26 AM
Last week: Florida League of Cities Federal Action Strike Team is trying to get Congress to pass the Marketplace Fairness Act, and not cap Municipal Bonds — federal issues that affect municipalities. The Marketplace Fairness Act grants states the...
| Jun 30, 2013
All options are on the table, including a sale, as Baltimore officials review ways to improve the finances of the city's money-losing convention center hotel — and brace for the likelihood of tapping the city's general fund to cover debt payments...
| Oct 29, 2013
| 5:00 AM
WASHINGTON — The Federal Reserve has taken unprecedented steps to stimulate the economic recovery from the Great Recession, but the tab has risen to such tremendous proportions — fast approaching $4 trillion — that some worry the central...
| Jul 5, 2013
| 8:44 PM
Wall Street has preferred to call the recent rebound in long-term interest rates a "wake-up call."
But to some bond investors it's apparently more like a five-alarm fire.
As rising interest rates have pushed down the value of older bonds in the last...