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John Fritze, The Baltimore Sun | June 5, 2012
A proposal to expand equal-pay protections for female workers sponsored by Sen. Barbara A. Mikulskifailed to clear a procedural vote in the Senate on Tuesday, ending the measure's chances but opening a potential Democratic attack line in this year's election. The Paycheck Fairness Act, which would have expanded the 1963 Equal Pay Act by prohibiting employers from firing workers who discuss their salary with their colleagues, fell seven votes shy of the 60 needed to bring the legislation to the Senate floor.
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NEWS
By Danae King, The Baltimore Sun | August 18, 2014
On Friday morning, in the auditorium of Loch Raven High School, more than 300 school administrators closed their eyes for 30 seconds. Baltimore County schools Superintendent Dallas Dance had asked them to think about what could make schools "opportunity rich" for all students. "Those are the types of conversations we're going to have over the course of this year," Dance said in the school system's administrative and supervisory meeting to kick off the school year, which begins Aug. 25. The meeting for administrators and principals focused on equity, opportunity, engagement and relationships in county schools.
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NEWS
By Danae King, The Baltimore Sun | August 18, 2014
On Friday morning, in the auditorium of Loch Raven High School, more than 300 school administrators closed their eyes for 30 seconds. Baltimore County schools Superintendent Dallas Dance had asked them to think about what could make schools "opportunity rich" for all students. "Those are the types of conversations we're going to have over the course of this year," Dance said in the school system's administrative and supervisory meeting to kick off the school year, which begins Aug. 25. The meeting for administrators and principals focused on equity, opportunity, engagement and relationships in county schools.
HEALTH
By Andrea K. Walker, The Baltimore Sun | May 13, 2014
Home-grown Katzen Eye Group has been acquired by a large private equity investment firm based in Los Angeles in a deal the eye care company hopes will help it to expand into a regional — and eventually national — brand. Varsity Healthcare Partners announced Monday it had acquired Katzen, founded as a one-doctor operation in 1968, and will form a new eye doctor group called EyeCare Services Partners Holdings LLC. EyeCare Services Partners will serve as the umbrella organization and Katzen will retain its name locally.
NEWS
April 24, 2013
It's hard to know where to begin when responding to Trey Kovacs' recent op-ed ("Unions do their business on taxpayers' dime," April 18), which is riddled with inaccuracies and misrepresentations. So instead of talking about what recently passed Fair Share legislation isn't, as his article did, let's talk about what the legislation actually is. Fair Share is a common-sense way to protect equity and individual rights for Maryland's educators. It simply makes sure that all educators contribute to the negotiated benefits and legally required representation that they all enjoy.
NEWS
By Andrea Giampetro-Meyer and Karyl B. Leggio | September 19, 2013
After more than three years in the courts, Bank of America will pay $39 million to settle a gender bias case in its Merrill Lynch brokerage operation. The women who brought this suit allege executives at the brokerage favored male employees by giving them the more lucrative deal opportunities, the choice clients, and more frequent promotions and raises, and that women who complained experienced retaliation. The firm's history with minority employees is far from stellar. In the 1970s, the firm settled a suit and agreed to make its workforce more diverse; these initiatives were never fully implemented.
BUSINESS
September 6, 1998
Dear Mr. Azrael:I'd like to know if there's any way that I can purchase a house using my own home as equity without having to make any significant down payment. I presently owe about $13,000 on a $160,000 home. Thank you.Curt GlobalFallstonDear Mr. Global:Your home has substantial equity. Equity is the difference between the value of your home and the amount owed on it. Assuming you have good credit, you easily should be able to borrow 60 percent to 80 percent of the equity in your home. This borrowing power could be used to provide a down payment for purchasing a second home or investment property.
BUSINESS
By KENNETH HARNEY | June 6, 2004
REMEMBER when your home was simply your castle? That was nearly two decades ago, before Congress changed the federal tax code to make home equity your built-in bank vault - the new centerpiece of millions of Americans' financial affairs. An astounding 1 out of 3 home-owning households now has some form of tax-deductible home-equity access account, up from 1 out of 5 just a few years ago and barely 1 out of 20 in the 1980s, according to banking industry estimates. Last year, nearly $350 billion in new home-equity lines were opened, plus $90 billion in fixed-term home-equity installment loans.
BUSINESS
December 31, 2000
As home equity loans have gained popularity among Americans, the National Home Equity Mortgage Association has offered a number of guidelines for borrowers to follow. They include: Borrow within your income and budget: A home equity loan is a major financial undertaking. Borrow for necessities or to take advantage of lower interest rates: NHEMA does not recommend taking a home equity loan to finance a luxury item or trip. Don't refinance too frequently: Refinancing a home loan can mean additional closing costs and fees.
BUSINESS
March 26, 2000
Fifty-nine percent of homeowners who refinanced their mortgage in 1999 borrowed some of the equity in their homes, trading the old mortgage for a new one that was at least 5 percent greater than the original loan. According to Freddie Mac's annual refinance review, the 1999 number was higher than the 48 percent of homeowners who refinanced in 1998 for an amount at least 5 percent higher. In the fourth quarter of 1999, 77 percent of those homeowners refinancing borrowed on housing equity as opposed to 45 percent in the fourth quarter of 1998.
NEWS
By Jamie Smith Hopkins, The Baltimore Sun | April 19, 2014
Jenny Morgan headed a health care IT company for years before jumping to private equity, but she realized her passion wasn't investing in firms — it was being in the trenches, running one. So when the founder of Linthicum-based basys wanted to bring in a new CEO, she happily took the job in 2009. The timing — during the rough recession — wasn't ideal. But she says the benefits-administration software company made good use of the downtime and positioned itself for growth. Basys, which employs nearly 100 people, focuses on a very specific niche: helping "Taft-Hartley" funds, entities that manage union members' benefits, with their administration.
NEWS
By Andrea Giampetro-Meyer and Karyl B. Leggio | September 19, 2013
After more than three years in the courts, Bank of America will pay $39 million to settle a gender bias case in its Merrill Lynch brokerage operation. The women who brought this suit allege executives at the brokerage favored male employees by giving them the more lucrative deal opportunities, the choice clients, and more frequent promotions and raises, and that women who complained experienced retaliation. The firm's history with minority employees is far from stellar. In the 1970s, the firm settled a suit and agreed to make its workforce more diverse; these initiatives were never fully implemented.
NEWS
By Andrea F. Siegel, The Baltimore Sun | May 13, 2013
Wings stood off to one side. The propeller lay in a carton. But the main part of Carl Kesselring's pet project was clearly recognizable as an airplane in progress. "I don't have fear of getting in an airplane," he said, standing in a hangar in Suburban Airport in Laurel surrounded by tools, parts and the remains of a bird's nest that fell through a hole in the roof. "I have confidence in my ability to make it work properly. " Kesselring's daring hobby is increasingly shared by other enthusiasts as the number of amateur-built airplanes grows every year, according to the Experimental Aircraft Association.
NEWS
April 24, 2013
It's hard to know where to begin when responding to Trey Kovacs' recent op-ed ("Unions do their business on taxpayers' dime," April 18), which is riddled with inaccuracies and misrepresentations. So instead of talking about what recently passed Fair Share legislation isn't, as his article did, let's talk about what the legislation actually is. Fair Share is a common-sense way to protect equity and individual rights for Maryland's educators. It simply makes sure that all educators contribute to the negotiated benefits and legally required representation that they all enjoy.
BUSINESS
By Steve Kilar, The Baltimore Sun | January 23, 2013
A division of the World Bank Group announced Wednesday that it has invested $150 million in Laureate Education Inc., giving the international development organization a small stake in the Baltimore-based global higher education company. "It's an incredibly strong endorsement for the company," said Douglas L. Becker, Laureate's chairman and CEO, of the investment by the International Finance Corp. and its affiliate, the IFC African, Latin American and Caribbean Fund. With annual revenue of about $4 billion, Laureate does not need the money but is eager to have the backing of an investor led by members of international governments, he said.
BUSINESS
By Steve Kilar, The Baltimore Sun | January 2, 2013
Calvert School, the private, pre-kindergarten through eighth grade day school in North Baltimore, announced Wednesday that it has sold its more than 100-year-old distance learning business to a private equity firm. The terms of the sale of Calvert Education Services to an investment group led by the Baltimore-based Camden Partners Holdings LLC were not disclosed. "It has a wonderful reputation as a real leader in both home schooling and online education," said David Warnock, Camden Partners' chairman.
BUSINESS
By Jim Johnson and Jim Johnson,McClatchy News Service | May 5, 1991
Most homeowners refinance their mortgages to lower the interest rate and reduce their payments or to convert a portion of their equity to cash. Some do so to trade the uncertainty of adjustable-rate mortgages for the stability of fixed-rate financing.But a mortgage consultant suggests there's another good reason to refinance: to speed equity buildup.By refinancing for a shorter term at a lower interest rate, asserts John J. Cunningham, a Denver-based mortgage consultant, a homeowner can build equity faster, save tens of thousands of dollars in interest, and pay off the mortgage sooner.
BUSINESS
By Phil Roosevelt and Phil Roosevelt,American Banker | September 30, 1990
NEW YORK -- Home-equity lines of credit, whose popularity soared in recent years, are entering an era of sharply reduced growth because of weak economic conditions in many regions, a new study found.Home-equity lines outstanding at banks, thrifts and other institutions will grow by an average of 11.1 percent a year from this year through 1992, down from a 26.9 percent average for the previous three years, the study said.The report by Regional Financial Associates in West Chester, Pa., predicted growth will be weakest in New England and strongest in the Pacific Northwest.
NEWS
December 19, 2012
Paging Mr. Fezziwig. One might get the notion that Charles Dickens' good-hearted fictional employer was back in business after the announcement this week by a private equity firm, Cerberus Capital Management, that it intends to sell Freedom Group Inc., the company that manufactured the Bushmaster rifle used in the Sandy Hook Elementary School massacre. Was this a sudden case of moral conviction? Meanwhile, Dick's Sporting Goods has suspended sales of semiautomatic rifles at its stores.
EXPLORE
October 9, 2012
The purpose of this letter is to express my strong objection to Baltimore County Executive Kevin Kamenetz's proposal to float a $250 million Pension Obligation Bond (POB). Words make it difficult to accurately express my opposition. I believe that it is a fiscally irresponsible and risky proposal to fix a problem. In my opinion, it represents an extreme amount of risk for the taxpayers of Baltimore County. You cannot borrow your way out of debt! Supporters of this financial gimmick generally hype the proposed benefits and rarely take into consideration the risk/reward consequences.
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