by Shelley Michelson As a class, the nation’s 1,322 critical access hospitals (“CAHs”) are themselves on the critical list, as are all rural hospitals. Since last year, 22 rural hospitals have closed, according to the National Rural Health Association. Of this total,...
“Reality: what a concept!” The famous quote from the late, great Robin Williams may well be applicable to today’s municipal market. The first reality we all have to face up to? This may be as good as the muni market will get for the rest of the year. The combination...
Market Outlook The Ebola virus is back, and it brings with it other unpleasant memories of the 1990s. As you may recall, that decade was marked by two major bond market debacles, one in 1994, the other in 1998. Risk assets, particularly the high yield sector, did not...
by Mardee Handler The economic benefit of major league sports teams, international mega-events and sport venues has become a particularly contentious public finance issue over the past few decades, according to Robert Baade, Ph.D., Professor of Economics and Business...
Market Outlook The recent “risk-off” rally in bonds, driven by geopolitical issues in the Gaza and the Ukraine, has proved short-lived. The benchmark 10-year Treasury has failed to hold below 2.50% and is now back in its familiar 2.50-2.70% range (it closed at 2.58%...
