Bonds

Despite laws that were supposed to eliminate housing and mortgage discrimination, systemic racism creates and maintains the disparities in Black homeownership and wealth. In the podcast, professionals from the fields of banking, lending and real estate discuss solutions that could start chipping away today at the well-documented practices and persistently wide gaps. Featured guests: Suggestions
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With interest rates at historic lows and despite its poor credit ratings. New Jersey’s decision to tap the muni market instead of the Federal Reserve’s lending program for a planned $4 billion borrowing is seen as a prudent strategy by analysts. Opting for long-term general obligation bonds to cover coronavirus revenue losses makes more sense
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New York City will shift $466 million to the current fiscal year’s capital budget to tackle affordable housing needs, Mayor Bill de Blasio said. This restores about half the amount the administration cut amid COVID-19 related austerity. The acceleration within the city’s affordable housing plan will increase the capital allocation this fiscal year to more
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As New York City grips with a major financial crisis due to the effects of COVID-19, another call has emerged to overhaul its public pension system. Manhattan Institute recommended a four-pronged approach that includes paring “unusually generous” benefits back to a prevailing standard in the private and public sectors and transitioning new-employee toward a defined-contribution
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Puerto Rico Oversight Board member Arthur Gonzalez became the fourth original board member to step down on Friday. On Wednesday President Donald Trump appointed Justin Peterson to sit on the board. Effectively, this ended González’s tenure on the board unless a member of the Congressional leadership recommended him to the president. González’s announcement Friday seals
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For five decades, Florida-grown Bryant Miller Olive PA has practiced public finance law across the Sunshine State and the Southeast. BMO’s practice areas also include state and local government law, complex transactions, project finance, and litigation. The offices of Bryant Miller Olive celebrated the firm’s 50th anniversary at a retreat in January.BMO The firm turned
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A win by Democratic candidate Joe Biden in the presidential election might create a smoother path toward completing proposed upgrades to a 110-year-old tunnel linking Manhattan and northern New Jersey that have hit roadblocks under President Trump, according to transportation advocates. Philip Howard, chairman of the nonpartisan watchdog group Common Good, said the Trump administration
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The coronavirus pandemic, urban unrest, budget strife and climate volatility have widened the scope of crisis management. In the fourth and final podcast segment of our Future of Cities series, University of Illinois at Chicago public affairs dean Michael Pagano examines factors at play, including a deep national divide. Paul Burton hosts. (15 minutes)
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The largest health systems in Illinois, Wisconsin, and Michigan cancelled plans to pursue a merger, they announced Friday. Illinois-based Advocate Aurora Health — created with the 2018 merger of Advocate which was Illinois largest system and Aurora which was Wisconsin’s largest — and Michigan-based Beaumont Health had signed non-binding letter of intent to join forces
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Two recent orders from the California Supreme Court indicate the court isn’t finished reviewing cases challenging the state’s 2013 pension reform law and the California Rule. The high court issued orders Wednesday in each of the four cases it had accepted for review, but had deferred, pending its ruling in Alameda County Deputy Sheriff’s Association
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An enforcement case announced Friday highlighted the often murky line between the various consultants working legally with municipal issuers and those who may be performing unlicensed muni advisory work. Funding the Gap LLC and its principal, Irene Carroll, agreed to settle with the SEC on charges that the company and Carroll provided municipal bond advice
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