The units are supposed to be protected from steep rent hikes. But thanks to a loophole, owners can seek big rent increases anyway.
As they push to abolish the estate tax, the House speaker and President Trump may be exaggerating its harm to small businesses and family farms.
As head of the Office of the Comptroller of the Currency, Keith Noreika now has the power to override state laws protecting consumers.
Facing a giant budget deficit, Louisiana Governor Bobby Jindal plans to borrow $750 million against future income from a landmark legal settlement with cigarette makers.
Wall Street pressed S&P, Moody’s, and Fitch to assign more favorable credit ratings to their tobacco bonds deals and bragged that the raters complied. Now many of the bonds are headed for default.
Politicians wanted upfront cash from a legal victory over Big Tobacco, and bankers happily obliged. The price? A handful of states promised to repay $64 billion on just $3 billion advanced.