Advertisement
HomeCollectionsFinancial Problems
IN THE NEWS

Financial Problems

FEATURED ARTICLES
NEWS
By Steve Kilar, The Baltimore Sun | March 14, 2012
St. Ambrose Catholic School in Park Heights is closing at the end of the school year, the Archdiocese of Baltimore announced Wednesday. "Due to the low enrollment, St. Ambrose has been unable to meet financial obligations, including payroll and health benefits for employees, without assistance from the Archdiocese," a statement from the Archdiocese said. About 120 pupils in kindergarten through eighth grade are enrolled at the school, and only 65 were registered to attend next year, the statement said.
ARTICLES BY DATE
NEWS
By Pamela Wood, The Baltimore Sun | June 30, 2014
The financially troubled People's Community Health Centers closed its five clinics serving low-income Marylanders on Monday. The organization had announced plans to shut the doors at the end of June, though as recently as last week officials were trying to broker a last-minute deal to keep the clinics open. A recorded telephone greeting at the People's office Monday announced that the centers were closed and gave instructions for how patients could obtain their medical records.
Advertisement
NEWS
By Nicole Fuller and Nicole Fuller,nicole.fuller@baltsun.com | September 20, 2009
The Annapolis mayoral candidate whose spokesperson announced her withdrawal from the race Friday amid revelations of personal financial problems said Saturday that she is staying in the contest. Zina C. Pierre won the Democratic nomination Tuesday, putting her on track to become Annapolis' first African-American mayor. Her campaign abruptly announced her withdrawal Friday amid questions about a foreclosed home, bounced checks, state liens for unpaid income taxes and other problems.
SPORTS
By Jon Fogg and The Baltimore Sun | March 8, 2013
The Baltimore Bombers' promising inaugural season has come to a premature end. The team, one of four in the North American Lacrosse League, issued a statement Friday confirming reports that it will not play its final two scheduled games because of financial problems. The Bombers had been scheduled to face the Kentucky Stickhorses on Sunday afternoon at Du Burns Arena before visiting the Boston Rockhoppers next Saturday night. The Bombers had a 4-3 record and trailed Boston by two games in the standings.
NEWS
By Pat O'Malley | May 13, 1992
Ken Kazmarek is the answer to two problems that Anne Arundel Community College has, and here's hoping the school sees it that way in the near future.Anne Arundel has financial problems, and the Pioneers need a men's basketball coach. Kaz is the answer.But the root of the problem is the problem itself, money. It may come down to whether the college can make the job financially worthwhile to Kazmarek.Better put, it could be a question of does AACC want to make a commitment to the hoops program and spend money to make money?
NEWS
By Nicole Fuller and Nicole Fuller,nicole.fuller@baltsun.com | September 24, 2009
Zina C. Pierre, the Annapolis mayoral candidate dogged by personal financial problems and questions about her residency, announced Wednesday for the second time in five days that she is quitting the race . During a news conference, Pierre, a political consultant, attempted to explain her financial problems - including a house that went into foreclosure and several lawsuits from unpaid debts - by saying that she stretched herself too thin as...
NEWS
By NEW YORK TIMES NEWS SERVICE | November 8, 2002
WASHINGTON - A large accounting firm released documents yesterday that it said showed that William H. Webster had fired it as the auditor of U.S. Technologies after the firm warned him about financial problems at the company. The accounting firm said the documents challenged Webster's description of his role at the company. Webster, who has been named by the Securities and Exchange Commission to head a new board overseeing the accounting industry, has said he has no recollection of being told of any significant accounting problems before U.S. Technologies dismissed the accounting firm, BDO Seidman, in August 2001.
NEWS
By Eric Siegel and Eric Siegel,SUN STAFF | April 9, 1997
A union representing about 3,700 Baltimore clerical and technical workers has an accumulated deficit of $750,000, and an administrator from the local's national affiliate has been called in to oversee its finances.The City Union of Baltimore owes the vast bulk of its debt in unpaid fees to the Washington-based American Federation of Teachers and its state counterpart, the Federation of Maryland Teachers, according to interviews and documents.The union may have to raise its membership dues by as much as 50 percent to balance its budget and erase the debt, which equals about a full year's income.
NEWS
By Tom Pelton and Tom Pelton,SUN STAFF | August 1, 1997
A judge sentenced Anne Arundel County Councilman Thomas W. Redmond to 90 days in jail yesterday for disobeying a court order in his handling of a financially troubled Ocean City 'N apartment building.Circuit Judge Eugene Lerner said he would drop the sentence if the Pasadena Democrat obeys a 9-year-old divorce agreement to remove his former wife's name from the building's mortgage.The judge gave Redmond until Sept. 15 to resolve the problem or go to jail."I don't want to hurt Mr. Redmond; I don't want to hurt Mrs. Redmond," Lerner said.
NEWS
By Arthur Hirsch | arthur.hirsch@baltsun.com | March 3, 2010
Facing rising costs and falling enrollments, the Catholic Archdiocese of Baltimore will close 13 of its 64 schools at the end of the academic year, officials told employees and families on Wednesday. Parents reacted with anguish and anger as word spread of 12 K-8 schools and one high school, Cardinal Gibbons School. All are in Baltimore or Baltimore County. "This is a major blow," Ted Ewachiw said at Sacred Heart of Mary School in East Baltimore, where he picked up his two children after school Wednesday.
NEWS
January 30, 2013
The Browns were born in 1946, the year after the end of World War II. Veterans were returning home, and what did the Browns do but play for a championship 10 years in a row - four in the All-American Conference and six in the NFL. This was unprecedented and gave birth to a fervent fan base. Along came Art Modell and he fired one of the greatest coaches in NFL history. Then there was the little episode of Mr. Modell suing a group of local bar owners because they bought rotor antennas and could get blacked-out home games from Toledo.
NEWS
Marta H. Mossburg | December 4, 2012
State media keep talking about the fiscal cliff as if it will obliterate Maryland's wealth if Congress does not reach a compromise on debt talks. The truth is, cuts are far down the road if they happen, and Maryland will continue to thrive as an extension of Washington's bureaucratic complex. There is an imminent financial crisis in Maryland, however: state debt. According to the nonpartisan nonprofit State Budget Solutions, the total debt of Maryland is almost $82 billion. (www.statebudgetsolutions.org/publications/detail/state-budget-solutions-third-annual-state-debt-report-shows-total-state-debt-over-4-trillion)
NEWS
By Julie Scharper, The Baltimore Sun | October 8, 2012
State and city lawmakers sharply criticized the Baltimore school system Monday after a searing audit called attention to a lack of oversight on school spending. Elected officials said they were deeply concerned by the preliminary audit report, which showed that the system failed to collect millions of dollars of debts, could not substantiate the bulk of overtime payments, and paid contracts and bills without verifying them. "There needs to be accountability in the school system," said Del. Keiffer Mitchell, a Baltimore Democrat whose two children attend city schools.
NEWS
August 24, 2012
In his recent commentary, Paul Davies laid out the ludicrousness of Maryland politicians' accelerated push to expand gambling in the state ("Gambling: still morally bankrupt," Aug. 23). They don't even have revenue coming in from all the currently authorized casino venues, yet they can't seem to legalize more sites fast enough. Next will be Internet gambling, so that people can have a couple of drinks at home and then make stupid decisions with a couple of clicks that impair them financially for years.
NEWS
By Steve Kilar, The Baltimore Sun | March 14, 2012
St. Ambrose Catholic School in Park Heights is closing at the end of the school year, the Archdiocese of Baltimore announced Wednesday. "Due to the low enrollment, St. Ambrose has been unable to meet financial obligations, including payroll and health benefits for employees, without assistance from the Archdiocese," a statement from the Archdiocese said. About 120 pupils in kindergarten through eighth grade are enrolled at the school, and only 65 were registered to attend next year, the statement said.
NEWS
By Julie Scharper, The Baltimore Sun | February 24, 2012
The men behind Downforce Racing have convinced city officials they have the skills to run the Baltimore Grand Prix, have secured the blessing of IndyCar executives and have sweated through months of contract negotiations. But those efforts pale in the face of the challenge that now lies before them: pulling together an expensive and elaborate racing festival in just six months. "This group needs to get moving now and not wait," said Lisa Delpy Neirotti, a professor of sports marketing at George Washington University.
NEWS
April 20, 2011
Members of Congress must all have personal finance managers to manage their family budgets because otherwise Congress would be the largest single group of people filing for bankruptcy protection. Why would any of us try to solve our family financial problems by cutting our spending to the bone, while at the same time trying to find ways to reduce our income? Yet this is exactly how Congress is attempting to solve our national budget problem. The House of Representative is focusing solely on finding ways to cut spending and reduce taxes while ignoring the glaring need to also find ways of increasing income.
NEWS
By Jackie Powder and Jackie Powder,Staff Writer | April 21, 1993
Leidig's, a popular county bakery for nearly a half-century, closed its Ellicott City store Sunday because of financial problems, said company President Dan D'Alonzo.A 24 percent drop in sales over the past three months, high rent and increased production costs forced the closing of the Main Street store, he said, adding that it was a difficult decision."I'm 53 years old, I've been in business since I was 18; I didn't know how to handle it," Mr. D'Alonzo said."My main concern was the customers; I didn't want them to think I just walked away," he said.
NEWS
By Nicole Fuller, The Baltimore Sun | February 22, 2012
A Glen Burnie Democrat said Wednesday he plans to run for the District 2 seat on the Anne Arundel County Council in order to bring some civility back to the body which has been dogged in recent weeks by a series of contentious meetings to choose a replacement for a vacancy on the council. Ian Patrick “Pat” Hines, a state employee, said he has filed a “statement of organization” that allowed him to form a fundraising committee to run in 2014 for the seat currently held by Councilman John J. Grasso, a Glen Burnie Republican.
NEWS
By Justin Fenton, The Baltimore Sun | January 6, 2012
An 84-year-old woman discovered dead Thursday in a one-alarm blaze at her East Baltimore home had been stabbed multiple times, an autopsy found, turning a fire investigation into a murder case. Mary Hines, a retired educator, had been living in the rowhouse without electricity since July as she struggled under the weight of her bills, she confided to neighbor Wanda Johnson. She refused most offers of help but occasionally shared a meal with her neighbors or asked to use their appliances, they said.
Baltimore Sun Articles
|
|
|
Please note the green-lined linked article text has been applied commercially without any involvement from our newsroom editors, reporters or any other editorial staff.