| Oct 1, 2012
| 3:00 AM
I can predict a few things with virtual certainty. For instance, in the upcoming presidential debates, President Barack Obama and Mitt Romney will try to outdo each other in condemning China's economic practices. Their positions will be virtually...
| Jul 14, 2012
| 3:46 PM
Two huge civil cases led by Baltimore — one that ended last week as the other gained momentum — spotlight City Hall's emerging role as an aggressive watchdog against the misdeeds of multinational banks.
On Thursday, Wells Fargo settled a...
| Oct 23, 2012
| 4:55 PM
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...
| Oct 24, 2012
| 4:27 PM
Patapsco Bancorp of Dundalk reported Wednesday that it earned $365,000, or 18 cents per share, in the first quarter ended in September. That's an increase from a year earlier, when the parent of Patapsco Bank posted a profit of $128,000, or 7 cents a...
| Apr 25, 2012
| 1:20 PM
Just as parents and their high school seniors are about to sign those college acceptance letters, there is news that unless Congress acts by July 1, the interest rate on federal student loans will double from 3.4 percent to 6.8 percent.
| Jul 27, 2012
| 1:19 PM
The U.S. House of Representatives recently passed a bill to audit the Federal Reserve Bank (the Fed). The Fed is a private entity authorized by Congress in 1913 to control the nation's monetary system, an extremely powerful function. That the Fed, whose...
| Apr 25, 2012
| 10:41 PM
A new report being released today calls on the Baltimore region to rethink economic development, pointing to a worrying trend: a mounting share of low-wage jobs shutting more and more residents out of the middle class.
The number of jobs in largely low-...
| Apr 26, 2012
| 3:12 PM
The Annie E. Casey Foundation and other Baltimore institutions are organizing to help accelerate the growth of well-paying jobs and make sure more residents are qualified to land them, building on the recommendations of a new study that envisions the...
| Apr 25, 2012
Dear Mr. President:
So far your election strategy can best be summed up as: "We're on the right track, my economic policies are working, we still have a long way to go, but stick with me and you'll be fine."
I'm afraid this won't be enough to win you...
| Mar 8, 2013
| 4:30 PM
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...
| Mar 7, 2013
| 5:15 AM
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...
| Mar 6, 2013
| 9:54 AM
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...