| May 14, 2014
| 6:20 PM
Stock prices are near all-time highs, but the real place to be this year is the bond market.
To the surprise of many on Wall Street, the long-underestimated fixed-income market is quietly outperforming its equity counterpart.
Many investors expected...
| May 8, 2014
| 8:28 AM
After a recent past that can only be described as rocky, the Broward School Board wants voters to approve an $800 million bond referendum this November.
I'm going to withhold final judgment for now, but let me clue in superintendent Robert Runcie and...
| Jun 16, 2014
| 3:45 PM
| Jun 8, 2014
| 5:14 PM
When California voters approved $9 billion in funding for a bullet train in 2008, the ballot measure included the strictest engineering and spending controls ever placed on a major state project.
Voters were told that the high-speed trains would hit 220...
| May 15, 2014
| 7:47 AM
Mortgage rates edged down a hair this week, hovering at the lowest level in six months, with Freddie Mac reporting that lenders were offering 30-year fixed home loans at an average of 4.2% compared to 4.21% a week earlier.
The average rate for a 15-year...
| May 9, 2014
| 12:34 PM
Burr Ridge trustees recently signed off on a $17.4 million spending plan for 2014-15 that is slightly higher than the prior year's budget of $17.3 million, according to documents.
Trustees also have directed staff to make several changes in an effort to...
| Jun 3, 2014
| 6:30 PM
Common stock investors have certainly been pleased with the overall stock market performance over the last five years. For example the S&P 500 index increased 19.1 percent in that period; Vanguard's total stock market index fund has increased 19.6...
| May 13, 2014
| 4:23 PM
Former Treasury Secretary Timothy Geithner's memoir, "Stress Test," is being picked apart fairly intensively by the Washington and Wall Street press gangs, who are busily retailing the book's snarks and slights.
We're more interested in a nugget in...
| Mar 1, 2014
| 4:37 AM
The Lyons Township High School District 204 school board recently approved about $22.6 million in projects at both campuses, including the renovation of the Reber fine arts center and cafeteria at the north campus in La Grange and the science labs at...
| Feb 18, 2014
| 11:57 AM
North Shore School District 112 officials argue the district's future looks bleak without closing four or even six of the district's 12 school buildings.
Members of the district's superintendent's citizen finance and facilities advisory committee have...
| Mar 28, 2014
| 11:17 AM
Park Ridge Finance Director Kent Oliven recently told aldermen that, as things currently stand, the city will have to raise its property tax levy by 16.38 percent, or $2.9 million, in December to cover the ballooning debt to a special taxing district used...