| Mar 25, 2013
| 8:59 AM
WASHINGTON -- Is the recession over? Has the recovery started?
One lesson of the last few years is that some of our traditional economic labels have lost meaning. According to the National Bureau of Economic Research -- the group of academic...
| Feb 18, 2013
| 1:22 PM
It would be ironic if Maryland, for the first time in the history of municipal bond ratings, lost its AAA status now. Thanks to a combination of spending restraint, tax increases and other reforms, Maryland's balance sheet is stronger that it has been...
| Apr 20, 2013
A plague of locusts swept through Egypt a few weeks ago, an estimated 30 million of the critters.
Egyptian officials tried to downplay the phenomenon, hoping to quash any biblical analogies. They noted that locust swarms show up in the spring every...
| Feb 22, 2013
| 5:10 PM
University of Maryland St. Joseph Medical Center said Friday that it has received a new Medicare provider agreement, allowing it to again seek reimbursement for treating patients on the federal government's health program.
The Towson hospital has not...
| Mar 18, 2013
| 3:35 PM
Maryland employers added 6,700 jobs in January, picking up the pace from the end of last year, the U.S. Department of Labor said Monday.
Businesses added 5,300 jobs in December, according to the agency's revised estimates. In both December and January,...
| Feb 11, 2013
| 9:21 AM
WASHINGTON -- The Obama administration's suit against the rating agency Standard & Poor's makes for riveting headlines and lousy history. We want to blame the financial crisis and Great Recession on greed and dishonesty. The charge that S&P rigged bond...
| Mar 12, 2013
| 12:43 PM
WASHINGTON (AP) — Despite constant budget wrangling and finger-pointing by the nation's policy-makers, the government's short-term fiscal outlook isn't all that bad. It's actually getting better — at least for now.
Washington is borrowing...
| Mar 17, 2013
Its previous two chief executives went to prison on felony convictions. It just reached a settlement with the Securities and Exchange Commission over allegations of securities fraud. Not one of its peers has a worse credit rating. On top of around $8...
| Feb 28, 2013
| 9:21 PM
Several bond-rating agencies this week warned that without an increase in electric rates this year, Glendale Water & Power could face a downgrade due to its weak financial performance.
The warnings come weeks before a City Council election in which three...
| Jun 6, 2013
| 2:23 PM
Gov. Pat Quinn today called lawmakers back into special session June 19 to deal with the public employee pension shortfall after another rating agency downgraded Illinois' credit rating.
Given the wide philosophical divides between the House and Senate,...
| Feb 12, 2013
| 12:07 PM
WASHINGTON -- My last column on the federal suit against the bond-rating rating agency Standard & Poor's drew some critical reactions that are worth sharing with readers. In the column, I argued that S&P, which badly erred in rating bonds tied to home...