| May 15, 2013
| 4:49 PM
Maryland for years benefited from its close proximity to the nation's capital, but the mandatory federal spending cuts called sequestration will be a drag on the state's economy for the next couple of years, said the president of the Federal Reserve...
| May 9, 2013
At an investment conference last week, Harvard historian Niall Ferguson created a huge mess for himself. He glibly speculated that maybe because economist John Maynard Keynes was a childless, "effete" homosexual, he embraced a doctrine that favored...
| May 10, 2013
| 2:49 PM
Baltimore-area home sales rose 15 percent in April compared with a year earlier, and newly pending deals soared as buyers kicked the spring housing market into higher gear, according to data released Friday.
Prices remained largely unchanged at $238,...
| May 12, 2013
| 6:35 AM
Here's what Ben Bernanke, the Federal Reserve chairman, said three years ago as the nation's gap between rich and poor widened toward historic levels: "I think it's a very bad development. It's creating two societies. And it's based very much, I think, on...
| May 2, 2013
| 1:18 PM
The Federal Reserve Board announced Thursday that it terminated an enforcement action against Baltimore-based Harbor Bankshares Corp.
The Federal Reserve Bank of Richmond issued the action in July 2010, reaching an agreement with the holding company...
| May 5, 2013
| 6:30 AM
When I read Stanley J. Glinka's recent letter defending the presidency of George W. Bush I wanted to laugh, but it was 6 a.m. and I did not want to wake up my still sleeping wife ("Stop blaming Bush," May 1).
Now I know how people like Michele...
| Apr 21, 2013
| 5:00 AM
A dangerous confluence of recent business stories have been attention grabbers. First, the Obama administration announced an initiative to ensure more home loans for those with weak credit. Then, a number of prominent economists issued forecasts...
| Feb 5, 2013
| 12:40 PM
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...
| Jun 13, 2012
| 8:43 AM
The U.S. economy is drifting toward recession, but when Federal Reserve policymakers meet next week, they will have few options.
Jobs creation slipped alarmingly in April and May. Wages, which were rising modestly through the recovery, have been...
| May 14, 2012
| 3:00 AM
Europe's single currency is a bust. With unemployment reaching depression levels in the Mediterranean states, time has long passed to negotiate an orderly return to national currencies.
Euro advocates argue a single currency is essential for creating a...
| Aug 24, 2012
| 1:34 PM
Mention development in Catonsville, and the name Stephen Whalen Jr. likely will come up.
Drive around town, and you'll see blue signs staked in people's yards voicing opposition to the local developer's idea to build a large mixed-use development known...
| May 17, 2012
While your co-workers hover around the water cooler debating whether it matters if Mitt Romney bullied some kid in his youth, a formerly First World nation called Greece is teetering on the brink of bankruptcy. Why, you might ask, should Middle America...