November 24, 2011
When the economy is at its worst, it's generally those who were in need to begin with who suffer the most. During times like these, the agencies they rely on to help them get by are similarly struggling to make ends meet. Just like the department stores, nonprofits look forward to the holidays as the time when a goodly portion of their annual income arrives. But with wages stagnating and unemployment lingering at 9 percent, donations don't come in at the same clip they did before the recession of 2008.
October 19, 2010
Peter Morici writes that "Democrats deserve to lose Congress" (Oct. 19)? Please, Mr. Morici, your column contains too many startling oversimplifications. China entered the World Trade Organization while Bill Clinton was president, but with support — or pressure — from many large corporations that then outsourced thousands of jobs to lower paid workers. Their loyalty was to profits, not American workers. Deregulation of the financial markets and an unnecessary war that was fought on credit are the main causes of our current predicament.
January 29, 2010
Fueled by a steady recovery in the financial markets and increasing investor confidence, T. Rowe Price Group reported Thursday sharp increases in revenue and profit for last year's fourth quarter. The Baltimore money manager had revenue of $542.6 million in the quarter - a 30 percent increase over the $415.9 million it posted in the same quarter in 2008. Net income climbed to $152.5 million, or 57 cents per share, up from $24.3 million, or 9 cents per share, in the year-earlier quarter - an amount that reflected a one-time charge of $88 million related to the firm's investments in sponsored mutual funds.
January 28, 2010
Fueled by a steady recovery in the financial markets and increasing investor confidence, T. Rowe Price Group on Thursday reported sharp increases in revenue and profit for last year's fourth quarter. The Baltimore money manager had revenue of $542.6 million in the quarter — a 30 percent increase over the $415.9 million it posted in the same quarter in 2008. Net income climbed to $152.5 million, or 57 cents per share, up from $24.3 million, or 9 cents per share in the year-earlier quarter — an amount that at the time reflected a one-time charge of $88 million that detracted from greater profitability.
February 27, 2009
WASHINGTON -The White House raised the prospect yesterday that the price tag for bailing out the nation's financial system could more than double to nearly $1.5 trillion. President Barack Obama's 2010 budget outline, released yesterday, warns that, should economic conditions worsen, an additional $750 billion could be required on top of the $700 billion financial rescue fund authorized by Congress last fall. "We hope that it will not be necessary," Peter R. Orszag, director of the Office of Management and Budget, said of doubling the fund.
October 8, 2008
For stressed-out investors, this is not a time for the faint of heart. The Federal Reserve's plan to buy massive amounts of short-term commercial paper is just the latest extraordinary response to jittery investors who have left the financial markets high and dry as Wall Street's woes spill onto Main Street. Such bold government intervention is meant to allay fears and make it easier for businesses to borrow money. But the negative fallout from the credit crisis seems to have lost little momentum worldwide despite recent government bailouts and the Fed's stabilizing action yesterday.