Survey illuminates impact of COVID-19 on low-income Marylanders

June 11, 2021 Leave a comment

It’s not surprising that lower-income Marylanders suffered more from the economic impacts of the pandemic than wealthier people. But a recent study from United Way of Central Maryland in partnership with United for ALICE highlights the unique struggles of Marylanders living under the ALICE threshold, which ...

Global Food moves into Baltimore market with lease at Meadows Shopping Center

June 11, 2021 Leave a comment

Global Food, a regional supermarket chain specializing in American and international food, Friday announced a lease with Atlantic Realty Companies for its first location in the Baltimore area. Owned by Supermax Enterprises, the Sterling, Virginia-based grocer signed a lease with ...

Budget deficit for current year hits record $2.1 trillion

June 11, 2021 Leave a comment

This Sept. 18, 2019 photo shows the U.S. Treasury Department building viewed from the Washington Monument in Washington. The Treasury Department says it will need to borrow a record $2.99 trillion during the current April-June quarter to cover the cost of various rescue efforts dealing with the coronavirus pandemic. Treasury said Monday, May 4, 2020 that the $2.99 trillion it plans to borrow this quarter will far surpass the $530 billion quarterly borrowing it did in the July-September 2008 quarter as it dealt with the 2008 financial crisis. The extraordinary sum of $2.99 trillion of borrowing in a single quarter dwarfs the $1.28 trillion the government borrowed in the bond market for all of 2019. (AP Photo/Patrick Semansky)

The U.S. budget deficit hit a record $2.06 trillion through the first eight months of this budget year as coronavirus relief programs drove spending to all-time highs.

Tagged with: budget deficit

Average mortgage rates stay near historic lows

June 11, 2021 Leave a comment

A "lot for sale" sign stands along side a housing lot in Des Plaines, Ill., Sunday, March 21, 2021. Mortgage rates rose slightly this week as new economic data continues to show strength in a recovering economy. Mortgage buyer Freddie Mac reports, Thursday, April 29, that the average 30-year rate ticked up to 2.98% from 2.97% last week. (AP Photo/Nam Y. Huh)

Mortgage rates remained near historic lows this week, and the benchmark 30-year home loan held below the 3% mark amid further signs of the economy’s recovery from the pandemic recession.

Tagged with: housing mortgages Real Estate

University of Maryland awarded $2M for resource hub for veteran-owned businesses

June 10, 2021 Leave a comment

The VBOC will be led by UMD Principal Investigator and Chief Innovation Officer Julie Lenzer.
(The Daily Record/File Photo)

The University of Maryland has been awarded a $2 million, 5-year Small Business Administration grant to operate the first Veterans Business Outreach Center in Maryland.

Tagged with: higher education University of Maryland veterans

Another jump in prices tightens the squeeze on US consumers

June 10, 2021 Leave a comment

Patrons are assisted while dining along a sidewalk on Franklin Street in Chapel Hill, N.C., Friday, April 16, 2021. As consumers increasingly venture away from home, demand has begun to shift away from manufactured goods and toward services, from airline fares to restaurant meals, triggering inflation in those areas. (AP Photo/Gerry Broome)

WASHINGTON — American consumers absorbed another surge in prices in May — a 0.6% increase over April and 5% over the past year, the biggest 12-month inflation spike since 2008. The May rise in consumer prices that the Labor Department ...

Lee & Associates brokers 400,000 SF lease with XPO Logistics in Prince George’s

June 10, 2021 Leave a comment

Commercial real estate brokerage Lee & Associates brokered a full-building lease with XPO Logistics Inc. for a single-story warehouse and distribution facility in Prince George’s County.

Another jump in prices furthers inflation spike, tightens squeeze on consumers

June 10, 2021 Leave a comment

One of the bills rejected by a Maryland House committee would have allowed beer and wine sales in grocery stores in areas that are regarded as food deserts. (AP Photo/John Gress)

American consumers absorbed another surge in prices in May — a 0.6% increase over April and 5% over the past year, the biggest 12-month inflation spike since 2008.

Tagged with: Economy fed inflation prices

Ollie’s to add jobs in Maryland through nationwide hiring event

June 10, 2021 Leave a comment

Ollie’s Bargain Outlet Inc. is hosting a nationwide hiring event June 15 to fill 2,000 positions across its five locations in Maryland and more than 400 others nationally.

Tagged with: hiring jobs

Coal plants in Maryland, Pennsylvania and Ohio to shut down

June 10, 2021 Leave a comment

FILE - The Dave Johnson coal-fired power plant is silhouetted against the morning sun in Glenrock, Wyo., Friday, July 27, 2018. The Trump administration has weakened an Obama-era rule aimed at stopping coal plant pollution that has contaminated streams, lakes and underground aquifers. The changes finalized Monday, Aug. 31, 2020, will allow utilities to use cheaper wastewater cleanup technologies and take longer to comply with pollution reduction guidelines adopted in 2015. Its the latest in a string of regulatory rollbacks for the coal power industry under Trump. (AP Photo/J. David Ake, File)

HARRISBURG, Pa. — The owner of three coal-fired power plants in Maryland, Pennsylvania and Ohio said Thursday that it will shut them down. Houston-based GenOn Holdings LLC said it will shut down a generating unit at both Avon Lake station ...

Tagged with: coal GenOn Holdings utilities