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Syndicate content Maryland Daily Record
Maryland's trusted source for business and legal news
URL: https://thedailyrecord.com
Updated: 2 weeks 4 days ago

Will this be the year of Kirwan 2.0?

Fri, 01/01/2021 - 09:59
Lawmakers returning to Annapolis in two weeks may undertake a reshuffling of priorities in an education bill vetoed by Gov. Larry Hogan. The Kirwan Commission’s overhaul of public education, formally known as the Blueprint for Maryland’s Future, calls for an increase in funding for public education. It was passed in the last days of a session ...

Access to education, HBCU funding among higher ed priorities in 2021

Fri, 01/01/2021 - 09:47
Between unexpected closures, shaky reopenings, salary cuts and more, Maryland universities have taken the force of the coronavirus pandemic head-on. As schools head into the spring semester, and the Maryland General Assembly heads into its 2021 session, the legislature’s priorities for higher education are varied — and aren’t all strictly COVID-19-related. Legislators are highly concerned ...

Asset Strategy Consultants acquires Belay Group

Thu, 12/31/2020 - 09:35
Cockeysville-based Asset Strategy Consultants (ASC), an independent investment management consulting firm with more than $10 billion under advisement, Thursday acquired RIA firm Belay Group, headquartered in Baltimore. Terms of the deal were not disclosed. The move expands ASC’s wealth management division and adds the appointment of Belay Group President Tony King as ASC’s head of private ...

Hedge fund Alden offers to buy rest of Baltimore Sun owner Tribune, valuing it at $521M

Thu, 12/31/2020 - 09:13
Hedge fund Alden, Tribune’s largest shareholder and owner of the Baltimore Sun, has offered to buy the rest of the newspaper publisher at a price that values it at $520.6 million. Alden sent a letter to Tribune on Dec. 14, according to a regulatory filing posted Thursday, offering $14.25 per share for the stock of ...

Editorial Advisory Board: The right to counsel in landlord-tenant cases

Thu, 12/31/2020 - 09:09
This month, Baltimore joined the growing list of cities that has enacted a civil right to counsel. Council Bill 20-0625 was passed unanimously by the Baltimore City Council and signed in law by Mayor Bernard “Jack” Young on Dec. 3. This board endorses that legislation. This board has previously commented on the civil right to ...

Benchmark U.S. 30-year mortgage rises slightly to 2.67%

Thu, 12/31/2020 - 08:53
MCLEAN, Va. — U.S. long-term mortgage rates ticked up slightly this week but remain near record lows as the coronavirus pandemic continues wreak havoc on the U.S. and global economies. The average rate on the benchmark 30-year fixed-rate home loan rose to 2.67% from a record-low 2.66% last week, according to mortgage giant Freddie Mac ...

Other cities may join Baltimore in helping renters get lawyers in housing court

Thu, 12/31/2020 - 08:50
WASHINGTON — As the economic effects of the coronavirus pandemic stretch into 2021, millions of renters in Baltimore and nationwide are bracing for the possibility of having to show up in housing court to avoid getting evicted. But unlike their landlords, only a small fraction of them will do so flanked by an attorney. Fewer ...

Search ends for Md. man, driver of truck that went off bridge-tunnel

Thu, 12/31/2020 - 08:46
Authorities have called off the search for the driver of a truck that went off the side of the Chesapeake Bay Bridge-Tunnel.

Trump leaves mark on immigration policy, some of it lasting

Thu, 12/31/2020 - 08:22
When President Donald Trump was running for reelection, foreign-born U.S. residents were rushing to get their American citizenship before it might be too late.

DIVISION DIRECTOR ANTITRUST DIVISION

Thu, 12/31/2020 - 07:43
Office of the Attorney General for the Antitrust Division is seeking applicants for a Division Director. Closing date: Wednesday, January 13, 2021.

The matter of Michael Flynn

Thu, 12/24/2020 - 10:31
Winston Churchill acknowledged that “all men make mistakes, but only wise men learn from their mistakes.” Likewise, Henry Ford is credited with saying that “the only real mistake is the one from which we learn nothing.” Former National Security Advisor Michael Flynn, the beneficiary of an executive pardon so recent that the ink on the ...

Looking ahead to a promising 2021

Thu, 12/24/2020 - 10:10
We know it has been a tough year, but as 2020 comes to an end and we enter the new year, we have been receiving a flurry of announcements of major development projects suggesting that we may be coming out of the economic doldrums. These promising reports include major commercial developments, as well as large-scale ...

Lawmakers will consider tenants’ right to counsel, juvenile justice reform

Thu, 12/24/2020 - 09:58
A pandemic-fueled economic freefall and nationwide protests calling for criminal justice reform have spurred Maryland legislators to examine ways to enhance legal representation for low-income residents facing eviction and to protect the rights of imprisoned or criminally charged youngsters this coming General Assembly session. Lawmakers said they will push for legislation that would give financially ...

Md. high court suspends attorney for falsely signing will

Thu, 12/24/2020 - 09:07
Saying perjury cannot go unsanctioned, Maryland’s top court has suspended for at least six months a Baltimore lawyer who falsely declared having witnessed a longtime client’s signing of his will when in fact the declaration, in writing, was made after her client had died. Mary T. Keating had no selfish motive and was carrying out ...

High court agrees to consider NCAA athlete compensation case

Thu, 12/24/2020 - 08:56
WASHINGTON — For the first time in more than three decades, the Supreme Court will hear a case involving the NCAA and what it means to be a college athlete. The high court has agreed to review a court decision in an antitrust lawsuit the NCAA has said blurred “the line between student-athletes and professionals” ...

Baltimore food blogger took social media by storm in 2020

Thu, 12/24/2020 - 08:52
Simone Phillips, who goes by the name CharmCityTable on social media, started her Instagram, where she shares photographs of the meals she eats in Baltimore and the neighboring communities, over three years ago.  But it wasn’t until this summer, months after the onset of the COVID-19 pandemic, that her follower counts on both Twitter and ...

Columbia Care to acquire Green Leaf Medical for near $240M

Thu, 12/24/2020 - 08:45
Columbia Care Inc. has signed a definitive agreement to acquire Maryland-based Green Leaf Medical LLC, a privately held, fully-integrated cannabis multi-state operator based in the mid-Atlantic region, for approximately $240 million with the potential for additional performance-based milestone payments. Green Leaf Medical operates a 42,000-square-foot growing and processing facility as well as dispensaries in Rockville ...

Brittany Young: ‘I have no problems with police. I have problems with policy’

Thu, 12/24/2020 - 08:42
Brittany Young’s a native of West Baltimore who, after spending her life watching kids ride dirt bikes in the city, saw more than youth chasing an adrenaline rush. She saw children and young adults who possessed knowledge applicable to science, technology, engineering and mathematics fields. In 2017 she launched the nonprofit B360, which helps connect ...

Presidential election hostilities may fuel fight over courts

Thu, 12/24/2020 - 07:41
The angst, anger and hostility over Pennsylvania's presidential election result will flow past New Year's Day.

Mnuchin urged by Democrats to stand down on Fannie, Freddie

Thu, 12/24/2020 - 06:48
Democratic lawmakers Maxine Waters and Sherrod Brown have a message for Treasury Secretary Steven Mnuchin: Stand down on making big changes to Fannie Mae and Freddie Mac before the Trump administration ends. House Financial Services Committee Chair Waters and Brown, the top Democrat on the Senate Banking Committee, said it would be a mistake to ...
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