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NEWS
December 30, 2007
Local Edward Jones financial advisers will host a free satellite broadcast entitled "Politics Through the Lens of History" on Tuesday, Jan. 8, at 11:30 a.m. and 6:30 p.m. Pulitzer prize-winning author and historian David McCullough will share his historical perspective on politics and Edward Jones chief market strategist Alan Skrainka will provide his outlook for the financial markets. Those wishing to reserve a seat or obtain more information may call one of the following advisers: Greg Garner or Benito Vattelana, 301-733-9465; Joan Bowers, 240-420-8514; Cort Meinelschmidt, 301-766-7300; Shelby Penn, 301-733-0625; Todd Streett, 717-597-1713; or Brad Myers, 301-371-0041.
NEWS
March 31, 2003
Investment representative: John R. Pullaro Address: 1 S. Main St., Smithsburg. Opening date: Dec. 6, 2002. Products and services: Stocks, bonds, mutual funds from more than 100 families, annuities, life insurance, long-term care insurance, CDs, college savings plans/529, 401(k) rollovers, IRAs and retirement planning. Market area: Washington County and, specifically, Hagerstown and Smithsburg. How did you get into your business, or what motivated you to start it?
NEWS
June 17, 2009
WASHINGTON (AP) -- President Barack Obama proposed sweeping new "rules of the road" for the nation's financial system Wednesday, casting the changes as a critically important response to the economic crisis and the greatest regulatory transformation since the Great Depression. Obama blamed the financial crisis on "a culture of irresponsibility" that he said had taken root from Wall Street to Washington to Main Street, and he said regulations crafted to deal with the depression of the 1930s had been "overwhelmed by the speed, scope and sophistication of a 21st century global economy.
NEWS
February 25, 2007
Hagerstown Community College Center for Continuing Education again this year will conduct a series of seminars for real estate investors in Washington County. The seminar series includes: · Landlord Crash Course, Monday, March 19, 6 to 9 p.m. This course is co-sponsored by Hagerstown Neighborhood Development Partnership Inc. Topics include leases, lead paint laws, evictions and code enforcement. Cost is $40. · Successful Real Estate Investing, Wednesday, April 11, 6 to 9 p.m. Steve Powell, a local investor and Realtor, shares valuable tips on making successful investment decisions.
NEWS
By DON AINES | November 14, 2008
CHAMBERSBURG, Pa. -- The market crash that began in September forced the Chambersburg Area School District to postpone plans to borrow about $46 million needed to complete funding the high school expansion and construction of Benjamin Chambers Elementary School. Rather than swallow that much debt in one gulp, the district is breaking down the borrowing into two or three bites over the next couple of years, starting with the school board's approval this week to the issuance of $10 million in bonds.
NEWS
September 24, 2008
WASHINGTON (AP) -- President Bush readied a prime time speech to the nation and Treasury Secretary Henry Paulson accepted a major change in legislation for a $700 billion bailout of the financial industry on Wednesday as the administration scrambled to prevent further deterioration in the economy. Republican officials said that Paulson had bowed to demands from critics in both parties to limit the pay packages of executives whose companies benefit from the proposed bailout. They spoke on condition of anonymity because Paulson's decision had not been formally announced.
NEWS
January 14, 2007
Ryan Physical Therapy Associates Ryan Physical Therapy Associates will present the latest in its continuing community health seminars, "Helping You Help Yourself," on Wednesday, Jan. 24, at 7 p.m. at the office at 1190 Mount Aetna Road, Hagerstown. The free program, "Start The New Year Off Right!" will focus on how to get started on a weight loss and an exercise program, how to integrate them into your daily routine, and how to stay motivated throughout the entire year. Admission is free but seating is limited.
NEWS
By ANDREW SCHOTZ | October 20, 2008
Editor's note: The Herald-Mail is running stories this month about the candidates and issues in Maryland's 6th District race for Congress. Next week's topic will be the war in Iraq. The eyes of the country were upon Congress a few weeks ago when it voted on a $700 billion bailout plan for Wall Street. The bill passed, but U.S. Rep. Roscoe Bartlett, R-Md., voted "no. " "This bill paid for by taxpayers fails to fix problems caused by government policies," he is quoted as saying in a news release issued by his office.
NEWS
By ARNOLD S. PLATOU | arnoldp@herald-mail.com | June 9, 2012
The willingness of Americans to buy new shoes or even a new bicycle is the kind of economic enthusiasm that has been fueling recent growth in the economy. But a worn sole and a flat tire might be just ahead. Recent sales data in Washington County and nationally “would suggest that consumers are off to the races and so, too, therefore, is the broader economy,” said Anirban Basu, chairman and chief executive officer of Sage Policy Group Inc., a Baltimore economic and policy consulting firm.
NEWS
By WILLIAM F. McLAUGHLIN | November 29, 2008
Now that the "financial rescue" package is in place, it's time to ask, "What's next?" Congress has passed what is essentially a "nonpartisan" Christmas tree, adorned with expensive, nonessential ornaments. When viewed from Main Street, we have to ask, how much more cooperation can we afford? The nightmare of a total financial meltdown seems to have been averted in the near term, but real recovery will prove to be a difficult process. In order to begin recovery, we have to come to the realization and freely admit that we are suffering from an addiction.
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NEWS
By ARNOLD S. PLATOU | arnoldp@herald-mail.com | June 9, 2012
The willingness of Americans to buy new shoes or even a new bicycle is the kind of economic enthusiasm that has been fueling recent growth in the economy. But a worn sole and a flat tire might be just ahead. Recent sales data in Washington County and nationally “would suggest that consumers are off to the races and so, too, therefore, is the broader economy,” said Anirban Basu, chairman and chief executive officer of Sage Policy Group Inc., a Baltimore economic and policy consulting firm.
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NEWS
By ALLAN POWELL | October 9, 2009
In "Fool's Gold," author Gillian Tett has done all of us a favor in sharing her painstaking research about the people, the setting and the tragic consequences of unbridled human greed in our financial markets. While her fateful tale is packed with facts and figures about reckless financial gambling, the story is more about the human condition. The leadership of this relatively small group of financial wizards was not the older, wiser leaders from the ranks of the financial elite.
NEWS
June 17, 2009
WASHINGTON (AP) -- President Barack Obama proposed sweeping new "rules of the road" for the nation's financial system Wednesday, casting the changes as a critically important response to the economic crisis and the greatest regulatory transformation since the Great Depression. Obama blamed the financial crisis on "a culture of irresponsibility" that he said had taken root from Wall Street to Washington to Main Street, and he said regulations crafted to deal with the depression of the 1930s had been "overwhelmed by the speed, scope and sophistication of a 21st century global economy.
NEWS
By WILLIAM F. McLAUGHLIN | November 29, 2008
Now that the "financial rescue" package is in place, it's time to ask, "What's next?" Congress has passed what is essentially a "nonpartisan" Christmas tree, adorned with expensive, nonessential ornaments. When viewed from Main Street, we have to ask, how much more cooperation can we afford? The nightmare of a total financial meltdown seems to have been averted in the near term, but real recovery will prove to be a difficult process. In order to begin recovery, we have to come to the realization and freely admit that we are suffering from an addiction.
NEWS
By DON AINES | November 14, 2008
CHAMBERSBURG, Pa. -- The market crash that began in September forced the Chambersburg Area School District to postpone plans to borrow about $46 million needed to complete funding the high school expansion and construction of Benjamin Chambers Elementary School. Rather than swallow that much debt in one gulp, the district is breaking down the borrowing into two or three bites over the next couple of years, starting with the school board's approval this week to the issuance of $10 million in bonds.
NEWS
By ANDREW SCHOTZ | October 20, 2008
Editor's note: The Herald-Mail is running stories this month about the candidates and issues in Maryland's 6th District race for Congress. Next week's topic will be the war in Iraq. The eyes of the country were upon Congress a few weeks ago when it voted on a $700 billion bailout plan for Wall Street. The bill passed, but U.S. Rep. Roscoe Bartlett, R-Md., voted "no. " "This bill paid for by taxpayers fails to fix problems caused by government policies," he is quoted as saying in a news release issued by his office.
NEWS
October 14, 2008
WASHINGTON (AP) -- Big banks started falling in line Tuesday behind a rejiggered bailout plan that will have the government forking over as much as $250 billion in exchange for partial ownership -- putting the world's bastion of capitalism and free markets squarely in the banking business. Some early signs were hopeful for the latest in a flurry of radical efforts to save the nation's financial system: Credit was a bit easier to come by. And stocks were down but not alarmingly so after Monday's stratospheric leap.
NEWS
By ERIN CUNNINGHAM | September 29, 2008
Bad investments sparked the financial problems that have spread through the U.S. economy and the situation is threatening the health of America's infrastructure, a local expert says. Bill Anderson, associate professor of economics at Frostburg (Md.) State University, said the country's economy will have to hit rock bottom before it rebounds. The good news: It will rebound. Anderson said he believes that about 18 months after "rock bottom," the economy will begin to experience slow growth.
NEWS
By ARNOLD S. PLATOU | September 28, 2008
WASHINGTON COUNTY - Ralph Crawford Jr. of Hagerstown is making the biggest investment of his life - during what might be the rockiest economy of his life. Crawford, 37, a single father with three children, bought his very first house this past week. He is excited. And nervous. "I was kind of getting a little bit of cold feet with everything going on right now," Crawford said. "... I've had friends lose their house, have bankruptcy. " Ditto the feelings of Hagerstown residents Natasha Vincent and Nathaniel Rollins, and Tawn Gelvin, who also are buying their very first houses.
NEWS
By ARNOLD S. PLATOU | September 27, 2008
WASHINGTON COUNTY -- Ralph Crawford Jr. of Hagerstown is making the biggest investment of his life -- during what might be the rockiest economy of his life. Crawford, 37, a single father with three children, bought his very first house this past week. He is excited. And nervous. "I was kind of getting a little bit of cold feet with everything going on right now," Crawford said. "... I've had friends lose their house, have bankruptcy. " Ditto the feelings of Hagerstown residents Natasha Vincent and Nathaniel Rollins, and Tawn Gelvin, who also are buying their very first houses.
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