Share |

Government / Politics Articles

 et al.

It's that time of the year again for one of the most anticipated state business rankings lists. CNBC has released its annual list of “America's Top States for Business” in 2015. States are ranked under ten categories and only one will be victorious. The top state on the list came as a surprise to many, Minnesota jumped from the number six spot in last year's list to become the number one state to conduct business in 2015.

 et al.

Maryland Governor Larry Hogan stated during his first state of state address, that there is a mass exodus of tax payers, packing their bags and moving to other states. “Our economy is floundering, and too many Marylanders have been struggling just to get by,”… “We’ve had the largest mass exodus of taxpayers fleeing our state, of any state in our region and one of the worst in the nation.” said Governor Hogan.

 et al.

Maryland Governor Larry Hogan stated during his first state of state address, that there is a mass exodus of tax payers, packing their bags and moving to other states. “Our economy is floundering, and too many Marylanders have been struggling just to get by,”… “We’ve had the largest mass exodus of taxpayers fleeing our state, of any state in our region and one of the worst in the nation.” said Governor Hogan.

 et al.

‘Mass Exodus’ has been the word on the political streets for the past two weeks in Maryland’s state capital Annapolis. Screams of foul play have echoed from the county to state level in the ranks of the democratic leadership. The opposition is aimed squarely at the brand new republican Governor of Maryland, Larry Hogan.

 et al.

Bethesda, Maryland-based Lockheed Martin (NYSE: LMT) is expected to close on the purchase of a Massachusetts-based cyber security company within the next 30 days.

Lockheed Martin is making a strategic move to not only grow in the relatively new cyber security sector but also diversify its services beyond Federal government contracts. The U.S. Federal government is in the midst of cutting defense spending and dumping large amounts of office space in favor of smaller spaces in the Washington, D.C. area.

 et al.

The Baltimore/Washington International Thurgood Marshall Airport had a total of 22,498,353 commercial passengers flow through its gates in 2013 making it – once again – the busiest airport in the Washington, D.C. area.

 et al.

Metro Business Media - Farming Metro

Can you believe that there are school-aged children that have no idea where tomatoes come from?  Did you know that chicken doesn’t just “come from the store?”  These questions were raised at a conference held last weekend at the Universities at Shady Grove in Rockville, MD.

 et al.

Maryland's state slot program revenue numbers were recently announced, here are the breakdowns.

Combined revenue reported for the states two casinos in October 2011 totaled nearly $13 million or $12,924,048.55. September revenue reported for the states two casinos totaled nearly $14 million or $13,975,401.29. In August the total was $13,110,342.46.

 et al.

Chevy Chase-based GEICO, one the largest insurance companies in the nation and with primary offices across the Maryland/D.C. border in Montgomery County is set to appear in front of the Montgomery County Planning Board on November 17, 2011 but for reasons not to the liking of either side.

The Planning Board is set to vote on the validity of an extension request for plans to redevelop GEICO's headquarters, and depending on which way the board votes could be a lose-lose situation for both parties.

 et al.

Concerns over Bechtel moving more than one-thousand jobs to Virginia have been addressed with an announcement from Maryland politicians, that the company's power division will retain and continue operations at its Frederick location.

 et al.

The controversial light-rail project that will connect Bethesda and New Carrollton via Silver Spring has received the go-ahead from the Federal Transit Administration (FTA) to enter the Preliminary Engineering (PE) phase.

The Maryland Transportation Administration (MTA) will move forward with detailed specifications and plans for the 21-station system. The 16.3-miles Purple Line is expected to have a total project cost of $1.9 billion. It would take about an hour to travel from Bethesda to New Carrolton via the system.

 et al.

Maryland's state slot program put in place by Maryland voters continues to increase revenue and add to the states pool of funds for Education to Small and Minority businesses.

Combined revenue reported for the states two casinos totaled nearly $14 million or $13,975,401.29. August total was $13,110,342.46. Hollywood Casino Perryville in Cecil County continued to bring in the bulk of revenue totaling $9,298,288.55. The Casino which opened September 27, 2010 close to the Delaware and Pennsylvania state borders was $206.63 per machine.

 et al.

A sign of good news about the nations employment situation boosted stocks in morning trading Friday.

The U.S. Bureau of Labor Statistics released its economic news report stating Nonfarm payroll employment increased by 103,000 in September 2011. In August the employment situation showed virtually zero job gains.

While much needed jobs were added, the employment rate held steady at 9.1 percent. The 103,000 figure increase was made possible due in large part to an end of a Telecommunications industry strike in August.

 et al.

Fairfax County Director of Public Affairs, Merni Fitzgerald is refuting claims made by a Washington Examiner newspaper editorial that the Dulles rail project is no longer on schedule, is over budget, and lacks transparency to the public.

The statement was posted on the Fairfax County government website calling the editorial titled "Airports authority head lied, and transparency died", a piece full of inaccuracies and stating opinions as facts.

 et al.

A 100 acre greenfield site in Emittsburg, will be home to the largest solar project in Maryland history. Under Construction by Baltimore-based Constellation Energy (NYSE: CEG), the 16.1 megawatt photovoltaic panels are expected to generate 22 million kilowatt hours of electricity annually.

 et al.

The U.S. Bureau of Labor Statistics released unemployment rate figures for metropolitan areas and divisions today with 262 out of 372 metropolitan areas showing improvement. 26 metropolitan areas showed virtually no change in the jobless rate including the Washington, D.C. metro area.

The D.C. area unemployment rate was flat at 6.1% in August 2011, and was the same figure reported for August 2010 as well as July 2011.

 et al.

Despite the Rain Georgetown DC’S Fashion's Night Out 2011 was a success and the real winners of the event will be those receiving the help made possible via non-profit charities like Labels for Love. The Georgetown Business Improvement District (BID) raised money for the charity through the Shop for a Cause event, part of the Fashion's Night Out 2011.

 et al.

Rockville Town Center is continuing to take shape with a much needed office project breaking ground in Montgomery County's seat of operations.

Choice Hotels International (NYSE:CHH) will move 400 employees from 10750 Columbia Pike in Silver Spring to Rockville Metro Plaza II at 121 Rockville Pike, under a 15 year lease. The project is being developed, managed and owned by Foulger-Pratt.

 et al.

Computer Sciences Corp (NYSE: CSC), the technology service provider to governments and private industries announced that it has reached a settlement of claims with United States Government.

The Falls Church, Va company said the agreement made in principle was because of a dispute over contract claims and affirmed under the Contract Dispute Act of 1978.

The case has been forthcoming since November 19, 2010 and heard by the Armed Services Board of Contract Appeals.

 et al.

Virginia and Maryland were amongst the 28 states that the U.S. Bureau of Labor Statistics said had their jobless rates increase in July 2011. Along with D.C., the jurisdictions with jobless rate increases totaled 29.

The bureau also said nine states had rate decreases and 13 had virtually zero change in their unemployment rate.

But Maryland and Virginia posted small rate increases while the District of Columbia showed a rate change that was much higher than in June 2011.

 et al.

Federal Open Market Committee (FOMC)will keep the federal funds rate at " exceptionally low levels " at least through the middle of 2013.

The funds rate lies between 0 and .25%

FOMC voting members--Ben S. Bernanke, Chairman; William C. Dudley, Vice Chairman; Elizabeth A. Duke; Charles L. Evans; Sarah Bloom Raskin; Daniel K. Tarullo; and Janet L. Yellen.

 et al.

Nonfarm payroll increased by 117,000 for July , 2011 but the unemployment rate stayed flat at 9.1% or down 0.1% from June 2011.

There were 13.9 Million unemployed persons and 153.2 Million in the labor force. The number of discouraged workers stayed the same as a year earlier totaling 1.1 Million.

 et al.

The proposed merger deal between Baltimore based Constellation Energy and Chicago based Exelon Corporation is still being relentlessly pursued. The merger is planned to close in the first quarter of 2012.

Exelon Corporation released slides reinforcing the merger at presentation during a supplier meeting.

The combined company would have an estimated market value of $35 Billion, a total customer base of 6.6 Million in 44 states and Washington, D.C. The customer base would be supplied over 35,671 megawatts.

 et al.

Called a win-win for both sides of the political spectrum, a bipartisan debt deal was reached by congress and President Obama, hours before a Tuesday deadline that would trigger U.S. default for the first time ever. All in all the agreement would put domestic spending at a level so nominal, it has not been reached since Dwight D. Eisenhower was president during the 1950s.

The debt crisis has been adverted with an authorization by the President to raise the debt limit by $2.1 Trillion. It will erase any further increases until 2013.

 et al.

Standard & Poor's, Fitch and Moody's, gave Montgomery County, Maryland a continued triple A bond rating. County Executive Isiah Leggett said Monday that all three agencies gave the highest possible rating to the county because of a stable outlook with a formidable economic base.

 et al.

Preliminary results show that the unemployment rate in Washington, D.C.  jumped from 9.8% in May 2011 to 10.4% in the most recent report in June 2011. The same percentage difference occurred between the monthly reports in June 2010 and 2011.

Virginia's unemployment rate was essentially flat at 6.0%. Maryland posted a slight increase to 7.0% in June 2011 from 6.8% in May 2011, it was still down from June 2010 which was 7.4%.

The highest state unemployment rate in the nation was in Nevada at 12.4 %, followed by California which increased to 11.8%.

 et al.

Science Applications International Corporation (NYSE: SAI), the Mclean based government technology contractor was awarded an up to $19 million job by the Federal Highway Administration (FHWA).

SAIC will provide services to the U.S. Department of Transportation and Office of Freight Management and Operations (HOFM).

Support includes technical and programmatic services. SAIC gained revenues of $11.1 billion for its fiscal year ended January 31st, 2011. The market cap is approximately $5.74 billion.