Gay rights activists plan to defy Russian President Vladimir Putin and pressure Olympic sponsors including Coca-Cola Co. during the Sochi Games by encouraging athletes to protest a national ban on homosexual “propaganda.”
To shed more than $1.4 billion in debt, Jefferson County, Alabama agreed to give up some of its power to set future sewer rates, a compromise that means the second-biggest U.S. municipal bankruptcy might be brought back to life decades from now.
Richard Ciccarone, chief research officer at McDonnell Investment Management, will focus on his other companies tracking local governments and the $3.7 trillion U.S. municipal market when he retires from the firm at the end of the year.
Illinois lawmakers return to their chambers today with the goal of bolstering the weakest state pension system. Investors are skeptical of their resolve, demanding a record yield cushion to own the state’s obligations.