The 35% subsidy from the federal government, i.e. taxpayers, to the states is about to end. $185 billion in these bonds was issued in 2010. With the House changing hands next year it is unlikely the program will be resurrected. Watch for a very rough year for muni bonds in 2011.
- Investors Balk at Deals for Specialty RetailersThe recent collapse of private-equity buyouts of Chico’s and Express Inc. signal that investors and lenders are growing increasingly wary of specialty retailers. […]
- Tech Firms Buy Up PropertySome of Silicon Valley’s biggest companies are on a real-estate buying binge, paying premium prices to make sure they have enough space for future expansion. […]
- Yellen Scolds Wall Street on Culture, EthicsFederal Reserve Chairwoman Janet Yellen raised concerns about the state of Wall Street’s culture and ethics, echoing similar comments from other regulatory officials and increasing pressure on the biggest U.S. banks to improve. […]
- Investors Balk at Deals for Specialty Retailers