NEWS
April 20, 2011
"Shattuck sees 44 percent increase in package. " This was the headline in The Sun on Saturday, April 16. The accompanying article pointed out that Constellation Energy Group CEO Mayo A. Shattuck received $15.7 million in compensation for 2010, even as his company lost $1 billion. Something seems amiss here. Every year Mr. Shattuck gets a generous raise whether he does good or bad in his job. In February, 1994, Constellation/Baltimore Gas & Electric Co., retired about 800-plus employees.
NEWS
December 21, 2011
Thanks for the fascinating article about the Bradley Foundations financed by donations originating from the Koch and Scaife billions ("The right's $350 million idea train," Dec. 18). Too bad this wealth cannot be devoted to good works like alleviating poverty, ignorance and disease, as the Rockefeller and Carnegie fortunes did in the past and Gates, Buffet and Soros families are doing at present. Instead, the Bradley Foundation is acting as a "malefactor of great wealth," as Teddy Roosevelt famously put it, to peddle its extreme right-wing ideology.
BUSINESS
March 12, 2010
WASHINGTON - Americans are recovering their shrunken wealth - gradually. Household net worth rose last quarter, mainly because the healing economy boosted stock portfolios. But the gain was slight and was less than in the previous two quarters. The Federal Reserve said Thursday that net worth rose 1.3 percent in the fourth quarter to $54.2 trillion. It marked the third straight quarter of gains. Even with that increase, Americans' net worth would have to rise an additional 21 percent to get back to its pre-recession peak of $65.9 trillion.
NEWS
By Michael Dresser, The Baltimore Sun | January 27, 2012
MayorStephanie Rawlings-Blaketold Baltimore lawmakers Friday morning that any shift of the state's teacher pension costs to local governments must take into account the relative wealth of the jurisdiction -- saying the failure to do so is her "biggest disappointment" with Gov.Martin O'Malley's plan for a 50-50 split. The mayor said she would prefer not to see any shift of pension costs from the state, which now pays 100 percent of the tab, to the 23 counties and Baltimore. However, she said she understood that the state faces its own budget challenges and that the change has been coming a long time.
NEWS
August 12, 2011
In her recent op-ed piece on climate change ("Cool solution for a warming planet," Aug. 9), writer Dana Knighten exposes herself as a liberal or "progressive," by first parsing the language of revenue. She proposes putting a price or fee on carbon, but never uses the word tax. But by using the government as the collector and distributor of these proposed fees, this amounts to nothing more than a tax meant to redistribute wealth. Socialist indeed. Secondly, and perhaps most important, is her utter lack of knowledge as to how a (reasonably)
NEWS
By Dan Rodricks | September 22, 2010
Did you know that the rich have more money because the rich have more money? It's a fact of life. It's how the world works. I have been so enlightened by the vice president of a project management company with a global profile, a headquarters in Virginia, an office in Maryland, lots of government contracts and a listing on the New York Stock Exchange. The signature on his e-mail indicated a PhD, too, so he must know what he's talking about. I'll call him Doc for the purpose of this column.