The Governmental Accounting Standards Board has issued new guidance requiring governments to disclose information related to their own vulnerability, asking governments to disclose certain heightened risks related to concentrations and constraints in government revenue sources and defines those terms to help them do that. “It was in 2020 that we started this project and we
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Tracy Kasper, a realtor from Nampa, Idaho. Courtesy: NAR The president of the National Association of Realtors on Monday said she was resigning due to a blackmail threat that sought to “compromise” her leadership role. NAR President Tracy Kasper said she had notified the group’s leadership team “that she recently received a threat to disclose
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Munis were weaker Monday ahead of a $9 billion new-issue slate and the first full week of 2024 while U.S. Treasury yields fell and equities ended up. Munis “continue to be expensive when compared to Treasuries, falling well below the average of 85% for 10-year munis,” said Jason Wong, vice president of municipals at AmeriVet
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The state of Illinois is preparing to issue $600 million in new Build Illinois junior sales tax revenue bonds — 2024 Series A, B and C — in a competitive auction next week.  “Illinois enters the market as cash needs for projects arise,” said Olivia Kuncio, senior deputy press secretary to Gov. JB Pritzker. Rebuild
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Shares in Boeing and supplier Spirit AeroSystems both tumbled on Monday as investors weighed the financial fallout from Friday’s mid-flight accident on an Alaska Airlines aircraft. US investigators announced on Sunday that they had located the door that blew out of the Boeing 737 Max during the flight. The incident prompted an emergency landing and
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Dobrila Vignjevic | E+ | Getty Images Company: Nihon Kohden   Company: Nihon Kohden (6849.T-JP) Business: Nihon Kohden is a Japan-based company engaged in the research, development, manufacture and sale of medical electronic equipment, as well as the provision of maintenance and repair services. The company offers a wide array of devices to aid with
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As government funding deadlines loom just weeks away, cities and states face fallout from federal aid cuts, the claw back of pandemic funds and reductions in the always-vulnerable Build America Bond subsidies. The federal government is currently operating under a pair of short-term continuing resolutions that expire within weeks. The departments of Agriculture, Veterans Affairs,
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The U.S. District Court for Puerto Rico ended a Puerto Rico Electric Power Authority bondholder discrimination adversary proceeding, asking parties to raise the issues they have during the plan of adjustment confirmation hearing planned to in early March. District Court Judge Laura Taylor Swain stayed the proceeding while saying plaintiffs GoldenTree and Syncora Guarantee should
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David Elgart, former president and chief compliance officer of the now defunct Roswell, Georgia-based Sequoia Investments has agreed to settle charges with the Financial Industry Regulatory Authority for his role in acting as an unregistered dealer between May 2020 and May 2021, accepting a suspended fine. Without admitting or denying the findings, Elgart consented to
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