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.
- N.Y. Attorney General Sends Subpoenas to High-Speed FirmsN.Y. Attorney General Eric Schneiderman's office sent subpoenas to about a half-dozen high-frequency trading firms in an investigation into whether some rapid-fire firms have an unfair advantage. […]
- Chipotle Feeds Investor Appetite for GrowthAhead of the Tape: Chipotle Mexican Grill has been on a hot streak, both in its restaurants and on the stock market. And it doesn't show signs of losing its sizzle. […]
- China Growth Slows to 7.4%China's GDP growth slipped in the first quarter to its slowest level in 18 months as the world's second-largest economy continued to downshift. […]
- N.Y. Attorney General Sends Subpoenas to High-Speed Firms