Sachs

In November 1976, a former federal prosecutor named Stephen H. Sachs began a long, initially fitful trek through the Maryland political outback. When he came in from the cold two years later, he had dramatically altered the way the state elected its attorney general.Before Mr. Sachs' maverick candidacy, few men of stature ran for attorney general, at least not at first. Instead they ran for governor. If their campaigns bogged down, they threw their support to a stronger rival, then accepted his offer to join the ticket as the attorney general candidate.

After Owings Mills first baseman Kristi Sachs hit a tie-breaking two-run triple and later flied out to deep center field yesterday, Eagles coach Lisa Meyer asked her where all that power was coming from."

XLHealth Corp., a Baltimore entrant into the burgeoning business of disease management, has received nearly $64 million in new financing via a private placement of its stock, the company announced late yesterday. Privately held XLHealth said yesterday that it had raised $63.75 million through the sale of stock and related options to GS Capital Partners 2000 LP. GS Capital is a private equity fund managed by investment banker Goldman, Sachs & Co., and Dr. Norman Payson, former chairman and chief executive of Oxford Health Plans.

Philip Heller Sachs, a Baltimore attorney and one of the oldest members of the Maryland State Bar Association, died Sunday of respiratory failure at Blakehurst Life Care Community in Towson. The former Northwest Baltimore resident was 92.Mr. Sachs, whose specialty was trusts, estates and zoning law, began practicing law in 1928 after graduating from the University of Maryland Law School and gaining admission to the bar. He retired in 1996.He was a member of the Baltimore law firm of Hooper, Kiefer & Cornell, which for many years was at 10 Light St.Duncan Cornell, a former partner who has a private practice in Towson, recalled Mr. Sachs as "highly respected" and an "honest and sincere fellow who was a pleasure to work with."

NEW YORK -- Goldman Sachs Group LP's Jon Corzine stepped down yesterday as co-chief executive, ceding control of the biggest investment banking partnership after withdrawing a plan to sell stock to the public and losing hundreds of millions of dollars in bond trading.Corzine, 52, led the drive to go public and lost some of his stature after the 129-year-old firm canceled the stock sale in September as world markets plunged, Goldman employees said. He was also tarnished as a business he helped build -- bond trading -- suffered losses that led to an 81 percent decline in fourth-quarter pretax profit.

Annapolis' fight to preserve its anti-loitering law - struck down Friday by a federal judge as unconstitutional - is likely to end without the city filing an appeal. Five city council members - the required majority - are expected to vote against appealing the ruling of Judge Catherine C. Blake in U.S. District Court in Baltimore. That includes Alderman Joseph Sachs, a Republican from Ward 4 who voted in favor of the law, aimed at curbing open-air drug markets. The law passed the city council, 5-4, in October 1999.

Calvin Ball has at least one advantage every candidate dreams about: incumbency. Appointed in April to fill a Howard County Council vacancy created when David A. Rakes resigned, Ball -- who lost to Rakes in 2002 -- is taking full advantage of that status in his Democratic primary battle with Adam Sachs, a first-time candidate and former newspaper reporter. Meanwhile, Republicans Gina Ellrich and David R. Hlass are vying for the Republican nomination in District 2, which covers east Columbia, Jessup and parts of Elkridge.

Jeffrey D. Sachs has made a career out of doctoring ailing economies. He has recommended huge doses of capitalism to cure the ills of former socialist economies, from Bolivia to Mongolia. He has prescribed austerity to cool the fever of quintuple-digit inflation. But in recent years, Sachs says, he has looked for deeper causes for economic malaise. For many nations, he says, malignant poverty might be primarily the product of wretched public health. "Economists say, `Reform the value-added tax. Get the budget deficit down.

Baltimore Gas and Electric Co. and Goldman, Sachs & Co. yesterday officially unveiled plans to form a new company to acquire power plants, a move that analysts praised as a "smart" way to take advantage of energy industry changes.The decision by the Baltimore utility and the New York investment firm to form Orion Power Holdings comes as states are mandating that energy companies sell plants as part of a shift toward deregulation and competition. At the same time, utilities nationwide are shedding generating assets to devote themselves to energy distribution and transmission.

Baltimore Gas and Electric Co. is expected to announce today that it has created a new company with investment house Goldman, Sachs & Co. to buy power plants.The creation of Orion Power Holdings Inc. is intended to take advantage of the changing energy industry. It comes as several other utilities nationwide -- including Florida Power & Light Co. and U.S. Generating Co. -- already are working to acquire generating assets."This is a logical extension of what we set up with Constellation Power Source," said Charles W. Shivery, chief executive of the BGE subsidiary devoted to marketing power.