Baltimore Checkbook

Are central banks 'powerless' to handle Brexit...

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Central banks had become the all-powerful panacea for the global economy’s problems in recent years.



from http://www.wbaltv.com/money/are-central-banks-powerless-to-handle-brexit-fallout/40243676

Two Sheppard Pratt mental health providers to...

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Two nonprofit mental health providers within the Sheppard Pratt Health System — Mosaic Community Services and Alliance Inc. — will merge on July 1. The combined organizations will employ more than 1,000 people with an operating budget of about $70 million. Under the terms of the merger, Alliance will be a subsidiary of Mosaic Community Services. All combined mental health services will operate under the “Mosaic” name and under Mosaic executive leadership. Alliance’s Veteran Services,…

Maryland Live Casino's $200 million hotel to break...

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The Cordish Cos. plans to break ground in the fall on a $200 million hotel at Maryland Live Casino, an expansion that will begin just months before the MGM National Harbor opens in Prince George’s County. Baltimore-based Cordish Cos. has had plans to open a hotel alongside the casino since it opened in 2012. Now, a blueprint and timeline is in place for construction of the Live Hotel to be completed by the end of 2017. The 350,000-square-foot expansion will sit adjacent to the state’s largest casino…

Exclusive: Caves Valley exec explains why Scott...

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Few details were available when it was revealed in April that developers Caves Valley Partners and Scott Plank’s War Horse LLC had ended their development agreement on Cross Street Market. Arsh Mirmiran, a partner at Towson-based Caves Valley, now says Plank decided to step away from the project after seeing that he may not be able to profit as much as he had originally expected. “When we got down the line and analyzed the heck out of the project, the return on the project was not really viable…

Podcast: Arsh Mirmiran of Caves Valley Partners...

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From Baltimore County to South Baltimore, Caves Valley Partners has its hands in many things. The Towson-based developer recent purchased the Metro West complex for more than $7 million, is working on the $350 million mixed-use Towson Row project and the Stadium Square development near M&T Bank Stadium. In the first episode of the Baltimore Business Journal podcast — BaltBizCast — Arsh Mirmiran, a partner at Caves Valley, discussed these projects and more. Specifically, Arsh and I dove deep…

China-U.K. 'golden era' at risk from Brexit

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China has plenty of economic problems to deal with right now: slowing growth, worrying debt levels and difficulties overhauling bloated old industries.



from http://www.wbaltv.com/money/chinauk-golden-era-at-risk-from-brexit/40239582

Barclays, RBS shares suspended amid Brexit crash

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Two British banks were briefly suspended from trading in London after heavy losses triggered emergency measures that froze their shares.



from http://www.wbaltv.com/money/barclays-and-rbs-shares-suspended-in-postbrexit-crash/40239264

8 things you need to know this morning

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Good morning, and happy Monday. I hope you enjoyed a weekend of post-Brexit fallout reaction from basically every news outlet. Hopefully this week is a bit quieter than last week with a holiday on the horizon. Today is going to be warm start to the week. Temperatures will be in the mid-80s, which could set up some showers later tonight after dinnertime. Here are eight things you need to know to get your day started. The city’s police union is in hot water after it tweeted out two controversial…

Businesses warn: Brexit chaos will hurt us

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The result of the Brexit vote has left the U.K. business world in a fog of worry and uncertainty – and some companies are already warning it’s going to hurt their bottom lines. Many economists and executives said before last week’s referendum that a …



from http://www.wbaltv.com/money/businesses-warn-brexit-chaos-will-hurt-us/40238718

U.S. stocks: Uncertainty after Brexit

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Uncertainty reigned on Monday as markets opened for the first time since the Brexit Freakout of 2016. The U.K. has voted to leave the 28-nation European Union, but on what terms is totally unknown – and won’t be for at least two years. The British go…



from http://www.wbaltv.com/money/us-stocks-uncertainty-after-brexit/40238822