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Money and Monetary Policy

A collection of news and information related to Money and Monetary Policy published by this site and its partners.

Top Money and Monetary Policy Articles

Displaying items 13-24
  • Olive Avenue Confidential: Between a condo and a hard place

    Like a lot of people these days, Josh Ledebur struggles to pay his mortgage. What makes this schoolteacher's story unexpected is that he's participating in a city affordable-housing program. Ledebur is asking the city to change terms of his affordable-...
  • Glendale philanthropist at center of dispute over will

    Glendale philanthropist at center of dispute over will
    The owner of a Glendale BMW dealership and the children of a deceased man who once owned a portion of the property on Brand Boulevard on which it sits are embroiled in multiple legal battles relating to his wills as well as alleged elder abuse. A San...
  • Manoukian details portfolio changes for Glendale

    Glendale’s portfolio continues to slide, but City Treasurer Rafi Manoukian forecast an uptick in interest rates around the corner, which bodes well for Glendale’s investment opportunities. The city’s investment portfolio sank to $372...
  • Glendale council OKs bonds for power utility upgrades

    Glendale council OKs bonds for power utility upgrades
    The City Council this week approved issuing $60 million in bonds for electricity-related capital improvements, a move that will cost city coffers about $3 million a year in principle and interest payments. The bonds, which were already incorporated into...
  • JPL open house, felled by sequestration, costs about $400,000

    JPL open house, felled by sequestration, costs about $400,000
    Bracing for “significant impacts” to funding for public outreach programs next year, the Jet Propulsion Laboratory decided to cancel its hugely popular open house in June. The cost savings? Roughly $400,000 for the two-day event. The...
  • City Council forgoes bidding process for bonds; councilman upset

    The City Council decided this week to eschew a competitive bidding process to refinance nearly $87 million worth of bonds because officials feared the issuance would have no takers if they went the traditional route. But the decision didn’t come...
  • Taken For Granted: Declaring war on joblessness

    No longer restricted to the homeless, dumpster diving is becoming a national sport. It’s now a middle-class athletic event. Last week, while sitting in my car, I noticed a nicely coiffed young woman, neatly attired in jeans, approach a dumpster,...
  • Glendale's investment portfolio continues to slide amid low interest rates

    Glendale’s investment portfolio ended the fiscal year in June at $393 million, down $16 million from the same period last year, according to a city report released this week. The city’s investment returns have been stifled by low interest...
  • Glendale considers more water bonds, refinancing others

    Glendale considers more water bonds, refinancing others
    The City Council this week took one of the first steps to issuing and refinancing tens of millions of revenue bonds for Glendale Water & Power, which officials say needs more resources to complete deferred capital improvements. The city plans to issue...
  • Glendale's $385M-investment portfolio feels tinge of foreign debt crisis

    The city’s investment portfolio continues to get pinched amid slow economic recovery, officials reported this week, ending $11 million down compared to the previous fiscal quarter. With the third quarter results out, the $385-million portfolio...
  • Citing debt, ratings agency gives Glendale water utility negative outlook

    Citing debt, ratings agency gives Glendale water utility negative outlook
    The water side of Glendale Water & Power is so in debt, a bond rating agency downgraded the utility’s rating and gave it a negative outlook because the score is expected to drop again in the future. Dropping the rating from AA to A+ could lead to...
  • Historically low interest rates hold Glendale investment portfolio down

    City Treasurer Ron Borucki acknowledged there were “no surprises” when he issued yet another dismal report for the city’s investment portfolio this week at City Hall. “Balances are down, rate of return slipped a basis point and...