SPORTS
April 24, 2007
On Nick Markakis as a No. 3 hitter Interested to see what the opinion is now about Nick hitting third? The board was kind of split over it a month back. My two cents says he is doing just fine hitting there. He is hitting to all fields and looks very patient at the plate. I stand by what I said before - it is too early to make major changes in the order. Let it be for a while. Change up the lower half of the order based on injuries and who's hot (or more often who do we need to get out of the lineup)
BUSINESS
By BLOOMBERG NEWS | January 9, 1999
BRENTWOOD, Tenn. -- Service Merchandise Co., a troubled jewelry and home-products retailer, said the company obtained $750 million in financing and chief executive Gary Witkin abruptly quit as it struggles to pay lenders.The company said it will use the financing from Citigroup Inc.'s Citibank unit to improve operations and repay bank loans and debt obligations. Last month, it failed to make a $13.5 million bond interest payment, triggering a default.Sales have slumped and the company has been trying to attract customers by shifting to traditional stores from catalog stores.
NEWS
By John B. O'Donnell | December 14, 1999
Alarmed at indications of widespread real estate fraud across the country, a Senate subcommittee has quietly launched an investigation that could throw a national spotlight on property flipping in Baltimore.Senate Permanent Subcommittee on Investigations staffers have begun interviewing state and federal criminal investigators who are looking into property flipping and mortgage fraud in Baltimore, as well as others familiar with the problem.More than 2,000 Baltimore properties have been bought and quickly resold over the past three years for at least double the original purchase price.
NEWS
By Steven Lubet | February 4, 1998
PRESIDENT Clinton's attorneys recently asked the judge in the Paula Corbin Jones case to move up the trial date, arguing that the case needed the controlled setting of a courtroom, away from "gossip, innuendo and hearsay being passed off as fact."But their aggressive tactics are the last thing the president needs. Instead, the better tactic would be to walk away from the matter tomorrow, by taking immediate steps to get the sordid lawsuit off the front page.How to do this? The president would simply tell his attorneys to stop defending the case.
SPORTS
By Tom Keyser | January 21, 1998
Returning home after two weeks spent climbing mountains in Ecuador, Joe De Francis declined yesterday to shed light on the possible sale of a minority interest in Pimlico Race Course and Laurel Park.De Francis, principal owner of the tracks, said the loan agreement between the Maryland Jockey Club, of which he is president and chief executive officer, and the estate of former Washington Redskins owner Jack Kent Cooke contains a confidentiality clause."I have to respect that," De Francis said.
NEWS
By NEW YORK TIMES NEWS SERVICE | December 14, 1997
SEOUL, South Korea -- With South Korea careening toward a possible default on its foreign debt, the three leading presidential candidates abruptly took the economic risks more seriously yesterday and signed a pledge promising to put into effect a bailout agreement with the International Monetary Fund.Yesterday's agreement may modestly help to raise the confidence of foreign investors and bankers, stabilizing the financial markets and reducing the risk of default. But there are still widespread doubts about whether South Korea is ready to accept the pain of a major financial restructuring.
NEWS
By JoAnna Daemmrich | July 3, 1997
Baltimore took over an empty, graffiti-covered apartment building yesterday, 11 years after developers refurbished it at taxpayers' expense only to default on a federally insured loan.Ashley Apartments is one of at least four troubled rental complexes that the federal government is turning over to the city because the owners failed to pay back their loans. Even as the owners stopped making payments, their properties deterioratedfrom vandalism, drug dealing, high vacancies and poor upkeep.
NEWS
January 12, 1996
WITH IDEOLOGUES in both parties eager to sidestep a budget agreement even if it means government-by-stopgap until the November elections, the specter of a federal default grows greater by the day. Despite Congress' refusal to raise the $4.9 trillion debt limit, Treasury Secretary Robert E. Rubin has made do by borrowing from retirement trust funds to pay government bills. But his options may soon run out.Last week three former Republican Treasury secretaries -- Nicholas Brady, James A. Baker III and Donald Regan -- warned Mr. Rubin that by early February he might be required to take "broader actions" (undefined)
BUSINESS
By Kevin L. McQuaid | April 3, 1996
Interstate General Co. Ltd. Partnership may be forced out of business because of federal fines and loan defaults stemming from its conviction on felony wetlands violations, according to Securities and Exchange Commission documents filed by the company.The Charles County developer, scheduled to be sentenced in June, could be liable for millions of dollars in both criminal and civil penalties for violating four counts of the Clean Water Act.In addition, the convictions have resulted in loan defaults on $5.5 million in debt owed to Signet Banking Corp.
NEWS
By Benjamin L. Cardin | January 21, 1996
IF THE HOUSE Republican leadership has its way, the United States would do something it has never done in its more than 200-year history. It would default on its almost $5 trillion debt, placing this nation in an economic crisis that would take years to overcome.In a game of political hardball, Speaker Newt Gingrich and his supporters devised a strategy that they believed would force President Clinton to accept their budget priorities. The Republican leadership decided in the fall that by refusing to increase the debt ceiling they could force an acceptance of their more controversial budget items, namely deep cuts in Medicare, Medicaid, education and the environment and large tax breaks for wealthier Americans.