As Philadelphia's Superintendent of Schools, I recommended the approval of more than 30 charter schools because I thought it would improve educational opportunity for our 215,000 students. The last 20 years make it clear I was wrong. Those advocating change in Maryland's charter law through proposed legislation are equally committed to educational improvement. They are equally wrong. New
The division of Caesars Entertainment Corp. that operates the Horseshoe Casino Baltimore filed for bankruptcy protection Thursday, but customers of the Russell Street gambling destination should barely notice the restructuring.
More than five years into the economic recovery, many households in Maryland still aren't feeling the lift. Overall personal income — which includes wages, investment income and payments from programs such as Social Security — grew an estimated 1 percent in the second quarter of 2014 in Maryland, compared to 2.5 percent in the U.S. as a whole.
Tribune is just the latest multimedia news company to split up its broadcasting and publishing assets, joining Rupert Murdoch's News Corp. and E.W. Scripps, which completed such a spinoff just last week. Such separation is gaining momentum as traditional media seek to adapt to the fast-evolving digital landscape.
Standard & Poor's raised Baltimore's bond rating to its highest level in years — a move that reflects growing confidence in the city's fiscal health and will lead to potentially millions of dollars in savings for the city's budget.
Open gambling tables and slot machines were easy to find this week at the Trump Plaza Hotel and Casino, now that the standing-room crowds once common to high tourist season at the world's most famous boardwalk have found other spots to visit and place their bets.
Maryland kept its coveted AAA bond rating this week, an accomplishment that allows it to continue borrowing cash more cheaply than most states. Gov. Martin O'Malley heralded the rating from New York bond agencies Tuesday as proof of his sound fiscal stewardship of Maryland.
Legg Mason plans to close a deal to restructure $650 million in debt this month, a move designed to lock in favorable interest rates for the long term while taking advantage of the market's sustained appetite for corporate bonds.
Maryland employers added 2,300 jobs in March, and the unemployment rate remained essentially unchanged since February, according to preliminary estimates released by the U.S. Department of Labor on Friday.
The city-owned Hilton Baltimore spent nearly all of the $2.8 million in hotel occupancy taxes the city set aside last year to help the struggling convention center hotel make its debt payments, officials said.
Carroll County received positive credit ratings, including one upgrade, from bond rating agencies after the county's annual bond review in New York. Carroll received a AAA rating, the highest possible, from both Fitch Services and Standard and Poor's Rating Service. The county received a Aa1 rating from Moody's Investor Services.
The University of Maryland Medical System has set aside tens of millions of dollars because of complex financial transactions related to interest rates that have not paid off — yet. The medical system cannot use those funds even as it wrestles with financial pressures that have led to layoffs, but defends its use of the interest rate swaps.
Howard County has maintained its Triple-A credit rating from all three bond ratings agencies after one agency had warned the county might lose its Triple-A standing due to uncertainty with the federal government.
University of Maryland St. Joseph Medical Center has received a new Medicare provider agreement from the federal government, allowing it to once again seek reimbursement for patients on the government health program.