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NEWS
August 12, 1992
Fresh momentum attends the Middle East peace talks, which resume in Washington on Aug. 24. The biggest danger now is that expectations may have risen even faster than realism allows.President Bush has announced he will recommend that Congress approve $10 billion in loan guarantees for Israel, because Prime Minister Yitzhak Rabin left him little alternative. To be true to his reasons given for delaying approval last year, Mr. Bush had to approve now.The U.S. will co-sign for Israel's loans from commercial institutions.
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BUSINESS
By Max Ehrenfreund, The Washington Post | August 1, 2013
Above the harbor in Curtis Bay is a 1-acre urban farm. "Look out over the harbor and you can see piles and piles of coal," says Jason Reed, a community organizer who works there. That coal is the subject of a lawsuit filed Wednesday by a coalition of environmental groups against the U.S. Export-Import Bank, challenging the federal agency's financing of fossil fuel exports from ports in Baltimore and Hampton Roads, Va. The lawsuit, filed in a federal court in California, targets a $90 million loan guarantee the bank made last year to Xcoal Energy & Resources, a Pennsylvania coal broker, to sell coal from Appalachian mines to customers in Asia and Italy.
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NEWS
By Mark Matthews and Mark Matthews,Washington Bureau | March 17, 1992
WASHINGTON -- A $10 billion loan guarantee for Israel to resettle Soviet emigrants appeared severely endangered yesterday, further deteriorating the relationship between Washington and Jerusalem.The loan dispute probably will come to a head today when President Bush meets with Sen. Patrick J. Leahy, chairman of the foreign aid subcommittee, to discuss the impasse between the White House and Congress over conditions for granting the loan guarantees to Israel.If the president sticks to his position, it could mean the end of the discussion.
BUSINESS
By Jamie Smith Hopkins, The Baltimore Sun | January 17, 2012
The state is kicking off a $150,000 campaign to advertise financing help for small businesses in Maryland. The state Department of Business and Economic Development said Tuesday that it will be running ads — online and on radio stations for 10 weeks — to spread the word that four of the state's financing programs still have money to extend after receiving $23 million in federal funding through the Small Business Jobs Act of 2010. The state, which has spent or earmarked about $1.3 million since getting the OK to start using the money last June, has until 2018 to allocate it all. The "Financing that Fits" campaign advertises the Maryland Small Business Development Financing Authority, which gives credit guarantees; the Maryland Industrial Development Financing Authority, which gives loan guarantees; the Maryland Venture Fund, which invests in startup companies; and Neighborhood Business Works, which provides gap financing.
NEWS
By WILLIAM J. BENNETT and VIN WEBER | July 22, 1992
Early in his administration, Ronald Reagan made an important foreign-policy decision: Whenever the United States engaged in government-to-government negotiations with the Soviet Union, one of the first issues on the agenda would be the Soviet Union's atrocious record on human rights including its persecution of Soviet Jews.Realpolitik critics argued that while concern over human rights was all well and good, it was a real-world inconvenience that might jeopardize agreements in areas ranging from arms control to cultural exchanges.
BUSINESS
By Jane Applegate | September 9, 1991
: Small-business owners, tired of dealing with bankers afraid to lend a penny, are arming themselves with two trusted financial tools: Small Business Administration loan guarantees and asset-based financing.Once considered a last resort for high-risk borrowers, the SBA's current $3.5-billion loan guarantee program has become the darling of bankers across the country."The banking industry likes SBA loans these days," said Daniel Feiman, vice president of Western Bank in Beverly Hills. "In the last few years, the stigma of getting an SBA loan has been blown away."
NEWS
By Mark Matthews and Mark Matthews,Washington Bureau | March 14, 1992
WASHINGTON -- Two key senators have crafted a compromise loan guarantee proposal for Israel, but it appears to fall short of Secretary of State James A. Baker III's requirement of a halt in new construction in the Israeli occupied territories.The plan would provide up to $1 billion worth of loan guarantees to Israel immediately, without making them subject to presidential discretion, according to a source familiar with the plan.The Bush administration would be able to block future sums, depending on whether Israel met conditions in the bill.
BUSINESS
By Paul Adams and Paul Adams,SUN STAFF | January 1, 2002
US Airways said yesterday that it has no plans to follow the lead of America West Airlines and apply for federal loan guarantees in an effort to shore up its finances in the midst of an industry slump. Faced with a critical cash shortage, America West received conditional approval last week for a $380 million federal loan guarantee to help it survive an aviation industry downturn that was accelerated by the Sept. 11 terrorist attacks. Analysts have said that America West and US Airways, the second-largest carrier at Baltimore-Washington International Airport, are among the most financially vulnerable U.S. airlines.
NEWS
By Mark Matthews and Mark Matthews,Washington Bureau | February 22, 1992
WASHINGTON -- The United States and Israel failed again yesterday to agree on terms for loan guarantees to settle Soviet Jews as new questions arose in Congress on how Israel proposed to use the money.After a 50-minute meeting between Secretary of State James A. Baker III and Israeli ambassador Zalman Shoval, the U.S. demand for a halt to new construction in the occupied territories still blocked a deal."We haven't seen anything to indicate that Israel is willing to limit new construction," a U.S. official said.
NEWS
By Mark Matthews and Mark Matthews,Washington Bureau | March 18, 1992
WASHINGTON -- President Bush rejected an appeal to break the administration's impasse with the Senate on loan guarantees for Israel yesterday and threatened to veto an attempt by the Senate to have its own way.The White House position appeared to kill the prospects this year for Israel to obtain $10 billion in loan guarantees for the relocation of Jewish emigres from the former Soviet Union without promising a freeze in settlement activity in the occupied West...
NEWS
September 21, 2011
The reviews are in and there's a big thumbs down on $16 muffins. Shockingly wasteful, extravagant, indulgent, obscene, outrageous - and those are the nicest comments to be found in the blogosphere. A meal hasn't gotten these kind of notices since Roman Emperor Claudius panned his wife's poisoned mushrooms. News of the pricey breakfast treat has been burning up the Internet since Justice Department auditors revealed the excessive spending in a report released Tuesday. The pastries were served at a conference the agency hosted at the Capital Hilton in Washington.
NEWS
September 21, 2011
The reviews are in and there's a big thumbs down on $16 muffins. Shockingly wasteful, extravagant, indulgent, obscene, outrageous — and those are the nicest comments to be found in the blogosphere. A meal hasn't gotten these kind of notices since Roman Emperor Claudius panned his wife's poisoned mushrooms. News of the pricey breakfast treat has been burning up the Internet since Justice Department auditors revealed the excessive spending in a report released Tuesday. The pastries were served at a conference the agency hosted at the Capital Hilton in Washington.
BUSINESS
By Hanah Cho, The Baltimore Sun | October 27, 2010
EDF Group indicated Wednesday that the French energy company hopes to renew efforts to secure a federal loan guarantee to help finance the construction of a proposed third nuclear reactor at Calvert Cliffs in Southern Maryland. This latest development comes after EDF and Baltimore's Constellation Energy Group agreed to a $250 million cash and stock settlement that gives EDF full ownership of their Unistar nuclear development company, which includes the Calvert Cliffs project. The deal, reached late Tuesday, ends their joint venture and helps mend a relationship that had been strained since Constellation abandoned negotiations this month with Obama administration officials over the federal loan guarantee for the $9.6 billion project.
BUSINESS
By Hanah Cho, The Baltimore Sun | October 12, 2010
Gov. Martin O'Malley met Tuesday with officials of Constellation Energy Group's French partner to discuss ways to revive the proposed third reactor at Calvert Cliffs, after the Baltimore company pulled out of federal financing negotiations this weekend, sharply setting back plans for the plant. O'Malley is one of several state and local officials who hope to keep the project alive and save thousands of jobs to build and operate the $9.6 billion reactor in Southern Maryland. Constellation and Electricite de France formed Unistar Nuclear Energy to develop nuclear power plants in the United States, including a third unit at Calvert Cliffs.
NEWS
October 11, 2010
Development of a new nuclear power plant in Maryland suffered a major setback last week with the disclosure that Constellation Energy Group has withdrawn from the federal loan guarantee program. Without those guarantees, it would appear unlikely that Calvert Cliffs 3 will be developed by Constellation and its partner in the project, Electricite de France. That can't thrill shareholders in Constellation, as the company has already sunk hundreds of millions of dollars into the project, nor EDF, which invested in Constellation in order to participate in what many believe is a coming nuclear renaissance in this country.
BUSINESS
By Hanah Cho, The Baltimore Sun | July 28, 2010
Constellation Energy Group Chief Executive Mayo A. Shattuck warned Wednesday that the proposed new nuclear reactor at Calvert Cliffs would be in jeopardy if the project does not receive approval for a federal loan guarantee by the end of the summer. Shattuck said the delay for the conditional guarantee, which is considered crucial to financing the nuclear unit, has begun to "affect the prospects for the Calvert Cliffs project. " And the wait has prompted the Baltimore company to roll back its spending on the project, Shattuck said, during a conference call announcing its second-quarter earnings.
BUSINESS
By BLOOMBERG NEWS | July 9, 2002
WASHINGTON - Sixteen U.S. passenger and cargo airlines, including United Airlines parent UAL Corp., applied for more than $3.7 billion in federal loan guarantees before the application deadline June 28, the companies and a government board said. Three companies - MEDjet International Inc., Gemini Air Cargo Inc. and Corporate Airlines Inc. - filed requests on the last day, the Air Transportation Stabilization Board said in a statement summarizing the program. Earlier applicants included United, the world's second-largest carrier and seeker of $1.8 billion in guarantees, and No. 7 US Airways Group Inc., which wants $900 million.
NEWS
By Paul West, The Baltimore Sun | July 1, 2010
Constellation Energy Group's joint venture with a French company to build a nuclear reactor at Calvert Cliffs is now "first in line" for a federal loan guarantee, according to an influential lawmaker from Maryland. Democratic Rep. Steny H. Hoyer, the House majority leader, said in an interview Thursday that he has been informed by senior administration officials that the Calvert Cliffs project is further along in the loan-guarantee process than competing projects in Texas and South Carolina.
NEWS
By Paul West | paul.west@baltsun.com | February 17, 2010
President Barack Obama visited suburban Maryland on Tuesday to make a pitch for a new generation of nuclear power and announce loan guarantees for the first new U.S. nuclear plant in decades. Obama, whose energy agenda remains stalled in Congress, told an invited audience at a labor center in Lanham that his administration was awarding a conditional $8.33 billion federal loan guarantee for construction of a Southern Co. nuclear reactor in Burke, Ga. It would be the first new U.S. nuclear plant to break ground in nearly three decades.
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