NEWS
By Laura Smitherman | August 27, 2009
The Maryland Board of Public Works approved on Wednesday a transfer to the federal government of state-owned land in Northwest Baltimore where U.S. officials plan to build an office building to house some Social Security Administration operations. The new structure, which federal and state officials say is needed by 2012, is planned near the Reisterstown Road Plaza Metro station. It would be one of the largest and most expensive federal office buildings in Baltimore in years. About 1,600 federal workers now at the federal agency's Metro West complex on Greene Street would move there.
NEWS
By Jim Puzzanghera and E. Scott Reckard | May 8, 2009
Ten of the nation's 19 largest banks must raise a total of $74.6 billion to withstand a worse-than-expected economic downturn, according to results of government "stress tests" released Thursday. Bank of America Corp. led the way with a need for $33.9 billion in new capital, followed by Wells Fargo & Co. with $13.7 billion, GMAC with $11.5 billion, Citigroup Inc. with $5.5 billion and Morgan Stanley with $1.8 billion. But nine of the banks have no need to raise new money, and federal officials emphasized that all the banks have enough to handle current economic conditions.
NEWS
By Jim Puzzanghera | April 23, 2009
WASHINGTON -In another blow to troubled mortgage giant Freddie Mac, one of the company's top executives was found dead in his Virginia home Wednesday, the victim of an apparent suicide. The death of David Kellermann, 41, the acting chief financial officer, adds more turmoil at Freddie Mac, which was seized by the government in September along with its sister company, Fannie Mae, as they teetered near failure because of the housing market meltdown. Since then, Freddie has become the subject of a series of investigations by the Justice Department and the Securities and Exchange Commission.
NEWS
By Laura Smitherman | November 18, 2008
Maryland's senators are seeking answers from federal law enforcement, homeland security and intelligence officials about any information-sharing and contacts with the Maryland State Police regarding a spying operation that mistakenly identified protesters as terrorists in state and federal databases. In a letter yesterday, Sens. Benjamin L. Cardin and Barbara A. Mikulski, both Democrats, noted that cooperation among federal, state and local agencies is "critical" to national security. Nonetheless, they wrote, participants in nonviolent demonstrations should not end up in terrorism databases.
NEWS
September 16, 2008
Wall Street responded to the forced bankruptcy of a 158-year-old investment leader and the self-initiated sale of a household name in the brokerage business with predictable pessimism - the Dow plunged big-time yesterday. But it's not as though the fates of Lehman Brothers and Merrill Lynch came as a surprise. Rather, their predicaments reinforced the latest fallout of the ongoing U.S. financial crisis: More institutions are likely to falter, and they can't all expect the federal government to come to their rescue.
NEWS
By Ashley Powers | July 21, 2008
LAS VEGAS - As outlying sagebrush here was quickly devoured by starter homes and chain stores, Las Vegas began grappling with the kinds of problems that long have vexed California - crowded classrooms, packed freeways, lack of water, immigrants who struggle to learn English and rising poverty. Similar issues recently have bedeviled the Phoenix, Denver, Salt Lake City and Albuquerque, N.M., metropolitan areas. By 2040, Las Vegas and its fast-growing brethren will be home to nearly 12.7 million more people.
NEWS
By DAVID KOHN | May 21, 2008
Twenty Maryland hospitals, including Johns Hopkins Bayview and the University of Maryland Medical Center, are featured in a print ad campaign by the federal government, which wants consumers to look at the hospitals' quality ratings. The ads, paid for by the national Centers for Medicare & Medicaid Services, are appearing today in 58 major daily newspapers, including The Sun. They cover 2,500 hospitals and promote Hospital Compare ( www.hospitalcompare.hhs.gov), a government Web site that offers information designed to help choose a hospital.
NEWS
By Matthew Dolan | February 17, 2008
Someone should have been watching Nolan L. Evans. On a night in April 2006 when court records show he was supposed to have been secured inside a halfway house, authorities charge that the convicted felon was able to shoot a man in Northwest Baltimore. Months later, the man died from his injuries. The little-publicized homicide case, scheduled for trial this week, could be another blow to Volunteers of America's Comprehensive Sanction Center. The Sun reported last month that during a spot-check in April 2007, 10 inmates were discovered missing from the halfway house and that two probationary employees suspected of accepting bribes from those inmates were fired as a result.
NEWS
By Fred Schulte and Doug Donovan | December 16, 2007
There's a new narcotic on the street in Baltimore and other communities - and taxpayers helped put it there. The hexagonal orange pills some users call "bupe" are championed as an exceptional treatment for heroin and pain-pill addicts. Federal officials have spent millions of dollars to help create and promote buprenorphine, and are encouraging thousands of private doctors to prescribe it. But making buprenorphine widely available has also made it easy for patients to sell the narcotic illegally, leading to growing abuse, an investigation by The Sun found.
NEWS
By Matthew Dolan | December 1, 2007
A former private security company executive pleaded guilty yesterday to lying to federal officials who were investigating a bribery scheme designed to illegally secure $130 million in government contracts. Richard S. Hudec, 44, of Naples, Fla., admitted in U.S. District Court in Greenbelt that he concealed relevant information from federal contracting officials about his criminal background, which includes four felony convictions. In October, the former owner of the company, Michael B. Holiday, 50, of Silver Spring, pleaded guilty to bribery and tax evasion in connection with rigging three federal government contracts awarded to his Montgomery County company for private security guards at federal buildings in California and Maryland.