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When criminal prosecutors at the U.S. Department of Justice found that giant bank HSBC — whose American operation is chartered in Maryland — had violated money-laundering laws covering $200 trillion in transactions, and with customers...
Tags: Prisons, Trials, Eric Holder, HSBC Holdings plc, U.S. Congress
Ten years have passed since the United States invaded Iraq, a decision that almost everyone now ranks as one of the worst foreign policy blunders of our time. Why "almost"? Former President George W. Bush and his top aides still maintain that the invasion...
Tags: Weaponry, George W. Bush, Dick Cheney, Condoleezza Rice, Iran
A lifelong Democrat, I now find myself taking issue with the Obama administration in general and Federal Reserve Chairman Ben Bernanke in particular as it pertains to current Fed policy. What seemed to have been a good idea at the onset, to keep...
VILLANOVA UNIVERSITY: Villanova University named the following students to the dean's list for the fall 2012 semester: Ava Calvano, from Forest Hill, pursuing a bachelor's degree in the College of Engineering; Chelsea Chu, from Forest Hill, studying...
The drumbeat for weeks has been that $85 billion in across-the-board federal spending cuts known as the sequester would be so horrendous for the economy that lawmakers in Washington would be forced to compromise by the March 1 deadline. When no deal was...
We average people vote but we don't get much respect from our government these days nor from some of our representatives. The government gives our taxpayer money and tax breaks to big companies and corporations that don't pay taxes and often don't pay...
Economist John Kenneth Galbraith once observed that there are two kinds of market forecasters, those who don't know and those who don't know they don't know. That is well illustrated by the current disconnect between Wall Street and Main Street, as the...
Nothing short of a miracle — or a sudden onset of rational behavior inside the Capital Beltway — is going to prevent mandatory, across-the-board federal spending cuts from going in effect Friday. It's also clear the public sector workforce...
If Robert Reich is looking for "baloney" in the debate over minimum wage hikes, he should start with his recent commentary in The Sun ("The minimum wage and the meaning of a decent society," Feb. 20). Contrary to Mr. Reich's claim, the academic and...
Tags: Human Accomplishments
Raymond "Chip" Mason first met Joseph A. Sullivan over dinner at a Chicago restaurant, where the founder of Legg Mason Inc. interviewed the young bond trading manager for a job with the Baltimore company. A lot of the conversation, Mason recalled, was...
The Justice Department is accusing Standard & Poor's of defrauding investors with optimistic ratings of mortgage-backed securities and derivatives prior to the financial crisis. While investors are entitled to answers about those conflicts, compensation...
Tags: Litigation, Trials, Moody's Corporation, Eric Holder, Securities
Usually by early December, investment professionals have mapped out their outlook for the next year. But such forecasting has been made difficult by the "fiscal cliff" — the confluence of spending cuts and higher taxes that kick in automatically...
Mar 25, 2013 |Story| Baltimore Sun
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Dec 28, 2012 |Story| Baltimore Sun
Original site for Federal Reserve topic gallery.