Pages tagged “economy”
TGR: Recession, Blizzard '09 Slow Shopping:
As 20 inches of snow blanketed the Baltimore metropolitan area, retailers gasped for breath. With an already struggling economy, the last thing area businesses were looking for was a blizzard.
And a blizzard it was.
As of today, Baltimore City streets are still left unshoveled. Nonetheless, from Randallstown to Pennsylvania Avenue, merchants are trying to stay optimistic.
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Op/Ed: The People's Republic of Wall Street:
Patriotism is supporting your country all the time, and your government when it deserves it.
- Mark Twain
I can’t help but wonder what Mark Twain would have written about the recent string of government led bailouts. After all, he once opined that one should be careful about reading health books; you may die of a misprint. We’ve been led to believe that this great nation would prosper indefinitely on the basic tenets of capitalism, a meritorious set of principles grounded in the inalienable philosophy that risk should always be in direct proportion to expected return, that we are paid according to what the free markets are willing to bear and the most efficient and most productive amongst us shall reap the rewards of hard work and innovation. Well, it would seem that this very idea of a free market society is dead, and I’m told it committed suicide.
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Granville Templeton, Esquire Speaks on Economy, Obama:
Attorney Templeton discusses how to stay in business in these difficult times Read in Full >>
Stan Tucker: Post-election Obama:
MMG's Stan Tucker discusses capital formation, debt capital, and equity capital. Says economy is under too much stress and are relieving that. Read in Full >>
Op/Ed: What the Bailout (Assistance) Really Means:
Well, it is official. Whether we like it or not, we as a nation are locked into bailout (assistance, really) for Wall Street. But will the average man in the street (what every TV pundit and talk show host refers to as Main Street) really be ok with the passing of this assistance package? No one really knows, as a financial crisis like this has never happened before in the history of this great nation. No history means no frame of reference. Our financial system is a very complex interweaving of Wall Street and Main Street, both locally and globally. However, there are components of this quagmire (which is what it really is) that is our financial system that should be explained to and understood by the public so that one can understand not only why this assistance package is needed (House and Senate representatives you may want to sit in on this tutorial, as it may save you more embarrassment in the future) -- but why it is needed now. Read in Full >>
County Provides More Than $6 Million Funding to Preserve Affordable Housing in Takoma Park:
County officials today joined with U.S. Senator Benjamin Cardin (D-MD) and the Montgomery Housing Partnership (MHP) to celebrate the reopening of the Merrimac Garden Apartments, located on University Boulevard in Takoma Park. Merrimac Gardens is part of the Takoma Park Preservation Project, which is the renovation of 75 rental units in four apartment buildings on three sites. The County’s Housing Initiative Fund (HIF) contributed $6,420,080 to the project in order to preserve the buildings as affordable housing. Montgomery Housing Partnership obtained additional funding from state, federal and private sources for a total of $14,789,676. Read in Full >>
Op/Ed: How Did We Get Here In The First Place?:
One cannot argue that with all of the rhetoric, political posturing and PORK being introduced to the general public over the last 2 weeks, we have been educated about one thing: we as a country are in a whole lot of trouble. Yes, the bill for Banking Assistance (Bailout) was passed in both the House and Senate and signed into law. But, the question that still remains is, how did we get here? It would be easy to pile all the blame on the Bush Administration, which would be thoroughly justified. But it goes deeper than Bush. The first part of this catastrophe falls on Alan Greenspan and the Federal Open Market Committee (FOMC) members who directed Federal Policy during the turn of this century. The second part falls on Bush and his attempt to be Regeanesque in creating his own form of Economics, Bushenomics. The third part falls on Wall Street; the forth part falls on Congress; and last but not least, the fifth part falls on us. Read in Full >>
