@WSJ reporter covering municipal bonds and public finance. Former reporter at Bloomberg and The Times-Picayune. I like sailing and fishing.

A Sailor’s Salary: $300,000, If He Works for Larry Ellison

wsj.com — A lawsuit against Larry Ellison 's sailing squad, which has led to the seizure of one of his million-dollar boats, is also revealing how much the Oracle Corp. founder is willing to spend to win the America's Cup: $300,000 a year for a rank-and-file sailor.

Muni Bonds Headed for a Rough Patch

wsj.com — Turbulence is in store for municipal-bond investors following a record run, as a gathering U.S. economic recovery pushes interest rates higher and issuance grows. In February, municipal debt posted its first monthly decline in returns since December 2013, bringing an end to a record-tying 13 consecutive months of gains.

FDIC releases Doral Bank failure news early

marketwatch.com — The Federal Deposit Insurance Corp. said in a news release Friday that Puerto Rico regulators closed Doral Bank and appointed the FDIC as receiver. The agency subsequently sent an email saying the release was "sent in error." The FDIC didn't immediately return a request for comment.

FDIC Confirms Doral Bank in Puerto Rico Has Failed

wsj.com — The Federal Deposit Insurance Corp. said in a news release Friday that Puerto Rico regulators closed Doral Bank and appointed the FDIC as receiver. The agency subsequently sent an email saying the release was "sent in error." The FDIC didn't immediately return a request for comment.

Puerto Rico Bankruptcy Bill Could Offer Roadmap for Creditors

wsj.com — A bill that would give Puerto Rico's government agencies access to the same bankruptcy protections provided to cities such as Detroit would provide a road map for investors if one or more runs out of money, a senior government official told a U.S. House committee Thursday.

House Panel to Hear Proposal for Puerto Rico Bankruptcy Protections

wsj.com — A U.S. House committee is planning a hearing on a proposal to grant public agencies in cash-strapped Puerto Rico access to the same bankruptcy protections provided to cities such as Detroit, according to a person familiar with the plans. The hearing, expected to take place in coming weeks before the U.S.

Ruling Throws Puerto Rico’s Effort to Remake Finances Into Doubt

wsj.com — An effort by Puerto Rico to remake its finances was thrown into uncertainty after a federal judge in San Juan blocked a law that would have allowed some public agencies to restructure their debts. In a decision Friday prohibiting the U.S. commonwealth from enforcing the so-called Recovery Act, Judge Francisco A.

Ruling throws Puerto Rico’s effort to remake finances into doubt

marketwatch.com — An effort by Puerto Rico to remake its finances was thrown into uncertainty after a federal judge in San Juan blocked a law that would have allowed some public agencies to restructure their debts. In a decision Friday prohibiting the U.S. commonwealth from enforcing the so-called Recovery Act, Judge Francisco A.

Risky Pension-Bond Strategy Considered in Kansas

wsj.com — Kansas is considering a corner of the municipal-bond market most states have come to avoid because of its risk-a $1.5 billion sale of so-called pension bonds to boost returns at the state retirement system. The strategy, which Gov.

It’s Obama Vs. Romney Among Owners as Patriots Face Jets

bloomberg.com — Oct. 19 (Bloomberg) -- Republican Mitt Romney's favorite football team, headed by a donor to President Barack Obama's re-election bid, faces a rival Oct. 21 owned by a top Romney fundraiser who's said he would rather see his candidate than his team win.
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Mar 24, 2015

RT @WSJ: 'Notable for having a massive shark aquarium in his office.’ A 2014 interview with Ukraine oligarch Ihor Kolomoisky on.wsj.com/1IoXTe9

Mar 23, 2015

RT @rudegeair: Some personal news: After nearly 5 great years, I've left @Reuters. Today is my first day as a banking reporter at the @WSJ

Mar 21, 2015

RT @masonlev: Chuck Bednarik called today's NFLers "overpaid and underplayed." RIP. Here's my story bloom.bg/1AVBnEw via #eagles @business

Mar 20, 2015

RT @KatyStech: Do residents of a bankrupt city have the power to speak up in court? Maybe not. Thoughts by @profpryor: bit.ly/1FNmPMy

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