Localities from Florida to California are selling taxable bonds at the fastest pace in three years as the additional cost of issuing the debt instead of tax-free financing is near the lowest since 1994.
Florida’s catastrophe fund is set to sell $2 billion of taxable revenue bonds this week, the biggest municipal-debt offer since 2007 in the state, which hasn’t been struck by a major hurricane in seven years.
The film version of “ Rabbit Hole ,” David Lindsay-Abaire ’s Pulitzer Prize-winning play about a suburban couple coping with the death of their 4-year-old son, proves that a depressing subject needn’t be humorless.
With the Atlantic hurricane season days away, bonds of Florida’s largest real-estate insurer are rallying the most in nine months as forecasters assess a below- average chance the state will be hit by a major storm.
George Anderson positioned himself on a stool across the operating table so he could get a good angle on the surgeon’s face. He watched for signs of irritation as the doctor, known for temper tantrums, sewed a valve into a patient’s heart. Then the surgeon’s phone buzzed.
Mikhail Gorbachev ’s 80th birthday party in London’s Royal Albert Hall last night had diamonds, furs, Hollywood stars, wrinkly rockers and enough Botox to fill the craters of the moon. Understated it was not.