Finance

The Republican tax proposal seems to have blindsided the municipal bond community by ending the Private Activity Bond (PAB) program. It certainly blindsided…

It’s been reported that the incoming cabinet, if confirmed, would be the wealthiest ever. I haven’t checked the math on that one; Andrew Mellon was one of the three or four richest Americans in 1921 when he joined the…

Facebook this week informed its shareholders that it is planning to issue a stock dividend. Existing shareholders, including Zuckerberg, will receive two shares of a new class of non-voting common stock for each of their existing shares. Readers may recall that Facebook already has 2…