| Nov 8, 2012
| 2:43 PM
Based on estimates by the Federal Reserve, for the first time in U.S. history, student-loan debt ($867 billion) has surpassed credit card debt ($704 billion). These debt levels have real implications for productivity and lifetime earnings for this current...
| Sep 11, 2012
| 8:15 AM
I was not surprised that die hard Democrat Mel Mintz is supporting the re-election of President Obama ("Romney is this year's Dewey," Sept. 5), but the reasons he gives for his support are amusing. He must be living in some other country.
| 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...
| Sep 10, 2012
| 12:08 PM
The economy added 96,000 jobs in August, down from 141,000 in July and not nearly enough to keep pace with population growth.
The unemployment rate fell to 8.1 percent only because 581,000 workers quit looking for work and are no longer counted in the...
| 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 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...
| Sep 20, 2012
The City Arts Apartments are full of artists who live and work in the Baltimore complex, built on what long had been a vacant lot in a very vacant neighborhood. But a sudden gap in its development financing almost kept the project from getting off the...
| Dec 8, 2011
| 11:27 AM
European leaders are working feverishly to create what German Chancellor Angela Merkel is calling a "fiscal union" to restore private investor confidence in Europe and rekindle growth. Unfortunately, what she advocates will thrust Europe into a deeper...
| 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...