Thousands of brick houses line the streets of Huber Heights, a leafy suburb of Dayton, Ohio, named for the builder who developed it in the 1950s and nurtured its growth. Until this year, his family was the town’s biggest landlord, with a third of all rental housing. Now the tenants’ payments are being routed to a $9 billion hedge fund.
Magnetar Capital LLC, the hedge fund that bought about 1,900 rental homes mostly in a suburb of Dayton, Ohio, is withdrawing some property tax assessment requests after seeking the largest cut in the county’s history.
Investors are increasingly seeking advice on how the potential nomination of Lawrence Summers as chairman of the Federal Reserve instead of Vice Chairman Janet Yellen might influence monetary policy and financial markets.
When President Barack Obama became the first president to nominate a woman to head the Federal Reserve, he elevated Janet Yellen to a global position of influence that shows how wide the gap remains for women to achieve equal representation in positions of power.
President Barack Obama’s three-day Florida golf getaway featuring a round with Tiger Woods opened him to criticism of tone-deafness for playing when he’s at a budget impasse with Congress that threatens automatic spending cuts in less than two weeks.
Treasury Secretary Timothy F. Geithner will stay in his post through President Barack Obama’s inauguration as the administration negotiates with Congress to avert the so-called fiscal cliff, White House press secretary Jay Carney said today.