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Municipal Market Analytics said municipal bond impairments from January through April were the highest since they began tracking in 2009, with the charter school sector totaling most impairments. MMA recorded 63 impairments this calendar year, with 59 of them coming in January to April, according to Wednesday’s issue of Default Trends. The four-month total was
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Municipals were little changed Thursday as muni mutual funds saw inflows top $1 billion. U.S. Treasuries were firmer, and equities ended up. The two-year muni-to-Treasury ratio Thursday was at 64%, the three-year at 63%, the five-year at 61%, the 10-year at 60% and the 30-year at 82%, according to Refinitiv Municipal Market Data’s 3 p.m.
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While federal efforts to forgive student loans generate headlines and lawsuits, some states and municipalities are tying bond-financed mortgage programs to student loan forgiveness to boost home ownership.   “The Maryland SmartBuy program is designed to help first-time home buyers who have student loan obligations qualify for acquisition financing under the Maryland Mortgage Program,” said Sergei
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Texas municipal bond issuers are making plans to sell debt approved by voters in last week’s bond elections, with Dallas poised to begin tapping its $1.25 billion of authorization in fiscal 2025. The city’s 10-part general obligation bond package, the largest in the May 4 state-wide election, won in lopsided votes. It included $521.2 million
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Florida would expand its already broad public-private partnership powers under a pair of bills, one that GOP Gov. Ron DeSantis has already signed and another that would allow for revenue-risk projects of up to 75 years. All of Florida’s P3s are currently based on the availability-payment model. The General Assembly has passed the revenue-risk bill,
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Standard Digital Weekend Print + Standard Digital wasnow 89 € per month Billed Quarterly at 265 €. Complete digital access plus the FT newspaper delivered Monday-Saturday. What’s included Global news & analysis Expert opinion FT App on Android & iOS FT Edit app FirstFT: the day’s biggest stories 20+ curated newsletters Follow topics & set
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Disgraced movie mogul Harvey Weinstein will appear in a Queens courtroom Thursday just days after he wastransferred back to Rikers Island from a cushy private room at Bellevue Hospital. The72-year-old Hollywood bigwig — who had his New York sex crime conviction overturned last month — is facing an extradition hearing that could send him to
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Elon Musk’s brain-chip startup said Wednesday that its first-ever implant has malfunctioned. Neuralink’s brain-computer interface, known as a BCI, was implanted into 29-year-old patient Nolan Arbaugh’s brain back in January. Designed to help patients with paralysis control external technology using only their mind, Arbaugh — who is paralyzed from the shoulders down due to a
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Share Tweet By Billy Hallowell Editor May 8, 2024 The attorney for an Ohio pastor who reportedly faces criminal charges for housing the poor is accusing City of Bryan officials of “unlawful harassment” and waging “lawfare.” Listen to them on the latest episode of Quick Start ? Ryan Gardner, an attorney with First Liberty, a religious liberty
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A senior TikTok executive who runs the app’s operations in Central Europe has reportedly been placed on leave over allegations that he lords over a toxic work environment in which women subordinates are bullied, “mansplained,” and sexually harassed, according to multiple complaints. Tobias Henning, general manager of TikTok’s operations in Germany, Austria and Switzerland, was
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