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The budget fights in Washington, D.C., and Annapolis are looking predictably ugly this year and are shaping up along familiar lines: Do we raise taxes? Do we sink deeper in debt? Which programs do we cut — and how deep? How can we fund public...
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...
Under the plush leather exterior of Uber Technologies Inc. beats the heart of a rebel. The app-driven startup, which began operations in Baltimore at the end of January, hopes to attract upscale customers who don't mind paying extra — a lot...
In case anyone missed the news — and judging by the fact that there aren't angry mobs storming Washington, everyone missed the news — Congress recently absolved Jon Corzine of being criminally responsible for actions that "wiped out...
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...
While all eyes are on the Supreme Court and Obamacare, a quieter battle is being waged against the president's other major initiative, the Dodd-Frank financial reform act. Wall Street has already watered down or delayed most of Dodd-Frank. Now it wants...
Tags: Europe, Robert B. Reich, Jamie Dimon, Finance, Lloyd Blankfein
I was saddened to see the small article inside the Maryland Business section of The Sun sounding the death knell for the investor lawsuit related to the implosion of MF Global and implying the futility of any further pursuit of Jon Corzine, the company'...
Ethics professors at business schools aren't short of teachable moments these days. This year alone, a Goldman Sachs' executive announced his resignation in The New York Times, outraged by managers' callous talk of "ripping off clients," whom they...
The U.S. unemployment rate has dropped to its lowest level in about four years. Real estate foreclosure filings fell last month to the lowest number since the summer of 2007. Meanwhile, the stock market has enjoyed a pretty nice 2012, with the Dow Jones...
Since Baltimore City Hall contended in a federal lawsuit last year that a group of international banks conspired to keep a key interest rate benchmark low, more municipalities and private companies have started to investigate potential losses because of...
It's hip these days for everyone from world leaders to the Occupy Wall Street crowd to attack free-market, limited-government capitalism as wild and in need of control because it's supposedly the cause of the world economic collapse. This is a myth. It'...
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