John Keith: Borders DTX is Another Hole in The Ground The Borders in Downtown Crossing will close soon, victim of its parent company’s bankruptcy. What should be done with the space? Borders Group, Inc. is in the process of liquidating its holdings, selling off the entire inventory in its 399 bookstores before going out of
A Green Line expansion would top a sensible list of major improvements, not least because it extends rapid transit through underserved but densely populated areas of Somerville and Medford. And a version of the Urban Ring would complement the current transit system, which consists mainly of spokes radiating from downtown – but that project must be scrutinized more closely for affordability.
But the I.R.S. commissioner, Doug Schulman, said the agreement with UBS was a “major step forward” in the government’s efforts to pierce bank secrecy, and he warned that “wealthy Americans who have hidden their money offshore will find themselves in a jam.”
BOSTON — When it comes to investing, most retired Americans have it backwards. Instead of investing in bonds — things that provide a return on capital, those seeking retirement-income security tend to invest in things that provide a guaranteed return of capital. Doing so could lower one’s standard of living, especially when short-term interest rates fall.
It was more than 40 years ago, on a March night in 1968, when WBCN-FM (104.1) decided to break from its classical music format. Instead of Bach, listeners that evening heard “I Feel Free,’’ by the Eric Clapton-led rock band Cream, and right then Boston’s local music scene was transformed.
Larry Platt, the top editor of Boston magazine, is from Philadelphia and it shows. During a breakfast interview last week, his description of an upcoming story about recently indicted former House speaker Salvatore F. DiMasi hit a pronunciation snag. “Is it Di-May-si or Di-Mah-si?’’ he asked with a hint of uncharacteristic bashfulness.
WASHINGTON — Documents unearthed by congressional investigators reveal disagreements among senior Federal Reserve officials about how to handle Bank of America Corp.’s acquisition of Merrill Lynch, fueling concern on Capitol Hill over giving the central bank even more power to regulate the financial system.
It’s not just smaller venues that are enjoying the business. Sales remain strong at the Comedy Connection — which moved from Faneuil Hall to the 1,100-seat Wilbur Theatre last July — according to marketing director Andrew Mather.
When President Barack Obama this week unveiled his proposal for the most sweeping overhaul of U.S. financial regulations since the 1930s, he proposed the central bank oversee not just banks but “other large firms that pose a risk to the entire economy in the event of failure.”
President Obama’s plan to overhaul the nation’s financial regulatory system received support yesterday from key Massachusetts congressional members who said changes are long overdue.