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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...
Tags: Finance, Credit Ratings, China, Hunt Valley, Energy Resources
Periodically, one comes across a jaw-dropping example of lawsuit abuse. The Good Samaritan gets sued for preventing a suicide, the robber takes the store clerk to court for fighting back, the B-list starlet sues because nobody watched her sex tape...
Tags: Trials, Litigation, Bankruptcy, Finance, Laws
The Baltimore SunFiscal cliff is so last year. In 2013, it's all about the trillion-dollar coin. And there's at least one news outlet campaigning for the dream coin to feature Michael Phelps. If you haven't been paying attention, the idea of a trillion dollar coin --...
Tags: Barack Obama, Michael Phelps, Elections
Richard Cordray, the director of the Consumer Financial Protection Bureau, is expected to announce the issuance of a pioneering federal rule Thursday that is intended to help prevent a repeat of the risky mortgage lending that led to the recent housing...
Tags: Consumers, Freddie Mac, Finance, Mortgages, Richard Cordray
Bar the door, Nelly — the Fed has abandoned all restraint and will now print money to finance the federal deficit. To support the weak recovery, the Federal Reserve continues to keep short-term interest rates near zero, purchase mortgage-backed...
Tags: Banking, Securities, Government Debt, Ben Bernanke, Japan
President Barack Obama is expected to soon nominate a new head of the Social Security Administration, replacing an incumbent appointed by his predecessor, George W. Bush, but the White House is mum on who should take the helm at the agency, which faces...
Tags: Barack Obama, Bankruptcy, Culture, Michael J. Astrue , Judges
Nearly 1,000 market-rate apartments would be added to downtown Baltimore in the next few years if three projects announced in recent days are completed. "It seems like it all came to fruition this week, but we've been working for a year, year and a half,...
R. Dean Kenderdine's attempt ("Pension chief: Mossburg ignores reforms," Dec. 10) to argue the facts in Marta Mossburg's excellent Dec. 5 column, "Maryland's Debt Bomb," is ludicrous on the face of it. Ms. Mossburg cited the State Budget Solutions'...
Would you borrow money to pay off your mortgage and instead risk it in the market? That is in essence what Baltimore County Executive Kevin Kamenetz would like to do by floating $255 million of pension obligation bonds to fill the official hole in the...
Norman Harvel is growing old under a mountain of debt. At 60, Harvel faces medical and credit card bills topping $80,000. Yet Harvel is unable to work, having been injured at a job site more a decade ago. The former building maintenance worker now...
Tags: Lawyers, Bankruptcy, Students, Alzheimer's Disease, Finance
Rarely in history has the cause of a major economic problem been so clear, yet have so few been willing to see it. The major reason this recovery has been so anemic is not Europe's debt crisis. It's not, as right-wing economists tell us, because taxes...
The Federal Reserve announced Tuesday that Patapsco Bancorp of Dundalk has agreed to take steps to maintain the soundness of the company and its Patapsco Bank subsidiary The company and the bank must submit plans showing how they will sustain...
Dec 28, 2012 |Story| Baltimore Sun
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