NEWS
October 5, 2011
President Barack Obama's jobs bill, a relatively modest effort given the risks the economy faces and the toll that extended joblessness has taken on American workers, is bogged down in a divided Congress and is about to get more so. Senate leaders are moving to amend the plan to substitute a tax surcharge on millionaires for the provisions Mr. Obama had used to offset the bill's $447 billion cost. That's a perfectly sensible idea, given the massive tax benefits the rich have seen during the last decade, but it's even more dead on arrival in the Republican-controlled House of Representatives than Mr. Obama's initial plan, which relied on things like an end to tax breaks for oil companies and a smaller tax increase on families making more than $250,000 a year.
NEWS
By Michael Dresser | michael.dresser@baltsun.com | November 20, 2009
Gov. Martin O'Malley is expected to announce today that a company will invest hundreds of millions of dollars to upgrade the port of Baltimore - a project likely to bring thousands of jobs to the city. The deal, part of a long-term lease agreement, is needed to prepare the port for the larger ships expected to dominate maritime commerce after the widening of the Panama Canal is completed, high-ranking administration officials said. They identified the company that will take over container operations at Seagirt Marine Terminal as Ports America Chesapeake, a newly chartered affiliate of Ports America Group - the terminal's current operator.
BUSINESS
By Michael Dresser and Michael Dresser,michael.dresser@baltsun.com | July 1, 2009
The port of Baltimore has concentrated its search for a private partner to operate the state-owned Seagirt Marine Terminal on two competitors - a vital step in preparation for the expected widening of the Panama Canal in 2014. The Maryland Port Association said Tuesday that Ceres Terminals Inc./Alinda Capital Partners LLC and Ports America Group/Highstar Capital have passed the qualification process and will be permitted to submit bids to run the Southeast Baltimore terminal. The lead partners are both familiar names in the Baltimore port.
BUSINESS
June 2, 2009
Dow Jones swaps Travelers, Cisco for Citigroup, GM NEW YORK: - The Dow Jones industrial average is the latest Wall Street institution to be reshaped by the financial crisis. The stock market's best-known barometer is adding Cisco Systems Inc. and Travelers Cos. and dropping General Motors Corp. and Citigroup Inc. The changes were announced as GM entered bankruptcy protection, a move that was widely expected. Cisco, which makes computer networking gear, is filling the role left by GM after 83 years as part of the Dow. Travelers, the property and casualty insurer and one-time division of Citicorp, will replace its former parent.
NEWS
By Nicole Fuller and Nicole Fuller,nicole.fuller@baltsun.com | January 26, 2009
George L. Wallace Jr., a Coast Guard veteran who was stationed in Hawaii in its early days of statehood and a longtime fly-fishing enthusiast, died of lung cancer Jan. 16 at his daughter's home in Arnold. He was 69. Mr. Wallace was born in Baltimore to a seamstress and a mill foreman and grew up on North Robinson Street on the city's east side. In 1957, he graduated from Mount St. Joseph High School, and he joined the Coast Guard that year. He was stationed in 1959 on the island of Kauai.
NEWS
By Carol J. Williams and Carol J. Williams,Los Angeles Times | April 18, 2007
GUANTANAMO BAY, CUBA -- President Fidel Castro wages a silent protest against the U.S. "tenants" of this bay in southern Cuba from a drawer in his desk. There lie 47 uncashed checks drawn on the U.S. Treasury, each for $4,085, the annual rent fixed in a 1903 lease agreement that has vexed Cuba's leader since a leftist revolution brought him to power nearly a half-century ago. The presence of U.S. troops on Cuban soil has long rankled Castro, who has often ranted about the "imperialist occupation."