Archives For Breaking News

goveventELKRIDGE, MD  - Governor Martin O’Malley today urged action in Washington to avoid federal sequestration – a series of automatic cuts that threaten job creation and reduce vital services for families and children in Maryland and across the nation.

The Governor visited FLIR Systems, a thermal imaging and threat detection systems manufacturer that employs middle-skill workers – a critical sector of Maryland’s economy. FLIR has made a commitment to grow its business in Maryland, but with looming sequester cuts, the expansion remains uncertain.

“These are job-killing cuts that are an economic threat to Maryland,” said Governor O’Malley. “Too many moms and dads in our State will lose jobs, too many children will lose access to programs like Head Start, and too many of our most vulnerable Marylanders will lose assistance from the safety net we’ve worked so hard to protect. If Congress cannot come together with a balanced approach to avoid these automatic cuts, we will reverse much of the progress we’ve made in Maryland creating jobs and expanding opportunity for more families.”

The full announcement from Gov. O’Malley about sequestration and Maryland can be found here.

UPDATE: Maryland Democrats to hold Twitter Town Hall on sequester Thursday afternoon.

 

Photo by Brent D. Payne, flickr/cc

Photo by Brent D. Payne, flickr/cc

Maryland’s largest daily newspaper could soon be sold, along with its publishing siblings The Los Angeles TImes and Chicago Tribune, according to a published reports.

According to a wire report on The Sun’s website:

The company has retained JPMorgan Chase & Co. to oversee a potential sale of the division that includes the Los Angeles Times and the Chicago Tribune, according to the person. Evercore Partners, a boutique investment bank, reportedly also has been hired.

There has been widespread speculation that Tribune would attempt to unload the newspaper business to focus on its more promising television operations. Rupert Murdoch’s News Corp. is among the possible bidders for the newspaper assets.

Read more here.

Lockheed Martin's 100th Anniversary. by Jay Baker at Middle River, MD.

Lockheed Martin’s 100th Anniversary. by Jay Baker at Middle River, MD.

Lockheed Martin announced today that it will be relocating approximately 70 jobs from its Johnstown, Pennsylvania Global Supply Chain Services (GSCS) facility to its Middle River, MD site.

The company says that transition of the work to Middle River will begin immediately and will continue over the next several months. Employees in Johnstown were notified of the decision today. In a statement, Lockheed Martin said “We are working toward making positions available to qualified Johnstown GSCS employees willing to relocate to Middle River. Additional roles will be filled locally as needed.”

The Middle River location — home of the original Glenn L. Martin Company and developed in 1929 — currently employs 420. Throughout Maryland, Lockheed Martin has 7,539 active employees and nearly 5,000 retirees. In addition to Middle River, other Lockheed Martin locations in Maryland are Bethesda, Gaithersburg, Greenbelt, Hanover, Patuxent River, Rockville and Seabrook.

A company spokesperson said that the move to Maryland, which was prompted by an expiring lease in Johnstown, will save the business $1.6 million annually.

Earlier:

According to a tweet from Maryland Governor Martin O’Malley, Lockheed Martin in Middle River, Maryland will soon be adding 70 new jobs.

 

Legg Mason Interim CEO Joseph A. Sullivan, who has been in that position since the resignation of previous CEO Mark Fetting in October, has been given the job full-time and named CEO and president of the company.

The Baltimore Business Journal has the story:

Who would get the CEO job at Legg Mason (NYSE: LM) has been the subject of much speculation not just around the water cooler at Legg Mason’s Harbor East headquarters but across the financial services industry. At $654 billion in assets under management, Legg is one of the country’s largest money managers and a major employer in Baltimore.

Some observers thought Legg’s board of directors would tap an outsider to replace Fetting. Others felt the company would elevate an internal candidate, possibly Sullivan or Ronald Dewhursta Legg senior vice president.

Also: Sullivan named new Legg Mason CEO and president (Baltimore Sun)

Southwest corner of St. Paul and 33rd Streets in Baltimore. From Google Maps.

Southwest corner of St. Paul and 33rd Streets in Baltimore. From Google Maps.

A large parcel of land owned by Johns Hopkins University in Charles Village is on its way to being developed. The space, at the southwest corner of St. Paul and 33rd Streets was razed years ago for a project which fell apart.

In a Facebook post this morning, Hopkins noted, “We’re moving forward, slowly but surely… We picked a team to help us develop a mixed-use residential and retail space, and we look forward to working with the city of Baltimore, the surrounding community, and students and faculty and staff to make the project a success.”

From the JHU release:

The proposed development, with the working name of the “St. Paul Street Project in Charles Village,” dovetails with the goals of the Homewood Community Partners Initiative , a collaborative effort convened by Johns Hopkins in the summer of 2011 to recognize that there is an alignment of interests between the university and community. Since its formation, the partnership has assessed what it will take to ensure that 10 neighbor communities and one nearby commercial district will thrive.

The Armada Hoffler team was chosen by a committee of trustees and administrators from more than 27 proposals solicited by Johns Hopkins. The final terms of the transaction are subject to approval by the university’s board of trustees. The Armada Hoffler team will own the improvements on land that will remain controlled by the university. The developer is responsible for overseeing design, soliciting community input, securing financing, obtaining public approvals and managing the property long term. Key principals of this team include Baltimore’s Michael Beatty of Beatty Development Group LLC and Tony Nero of Armada Hoffler.

Beatty, former president of Harbor East Development Group, has extensive experience with projects in Baltimore. Jointly with his former company, Beatty and Armada Hoffler constructed over 5.5 million square feet in Baltimore. Beatty Development is currently working on the redevelopment of Harbor Point in Fells Point, a 2-million-square-foot mixed-use project.

Related: As Hopkins begins safe streets campaign, a pedestrian is struck

And that photo was taken more than two hours before the team is scheduled to show up at the stadium.

Fans celebrate Feb 3, 2013 in Baltimore's Fells Point. Photo by David Robert Crews, creative commons/flickr

Fans celebrate Feb 3, 2013 in Baltimore’s Fells Point. Photo by David Robert Crews, creative commons/flickr

Downtown Baltimore will be the site of more post-Bowl revelry Tuesday morning as Maryland welcomes back its champs, The Ravens.

There will be street closures, so plan ahead. The Sun has the details of the parade which will wind from City Hall to M&T Bank Stadium.

Governor O’Malley has released the full text of his State of the State speech.

The Baltimore Sun had a preview earlier today:

Gov. Martin O’Malley’s seventh State of the State speech will begin at noon today, but aides have released excerpts of his speech, advertised under the banner “Better Choices; Better Results.”

Here is a sneak peek of O’Malley’s prepared remarks:

“Progress is a choice.  Job creation is a choice. Whether we give our children a future of more or a future of less, this too is a choice.

Our story, Maryland’s story, is the story of better choices and better results.”

Photo of flooding in Crisfield, MD, 10/30/2012

Photo by Staff Sgt. Thaddeus Harrington, MD National Guard, Oct. 30, 2012. (creative commons)

Residents and businesses in Somerset County are being warned this week that time is running out to apply for federal and state disaster assistance for damage caused during Hurricane Sandy.

There are three easy ways to begin the application process.  You may call FEMA’s toll-free number, 1-800-621-FEMA (3362),TTY 1-800-462-7585.  Both numbers are available from 7 am to 10 pm, seven days a week until further notice, and multilingual operators are also available to answer your call. Residents with Internet access now have the option to register on the agency’s website at www.disasterassistance.gov where valuable recovery information is also available.

Persons affected by Hurricane Sandy also can apply for federal assistance through a web-enabled mobile device or smartphone. Visit m.fema.gov and follow the link to apply online for federal assistance and other recovery help.

Even if you have insurance, you may still be eligible for disaster assistance.

The full news FEMA news release is after the break.

Continue Reading…

 

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Some of the DBED team stopped by the Inner Harbor rally for The New Orleans-bound Baltimore Ravens.

They were captured on the spot with their giant “Destiny” sign by a Baltimore Sun photographer and featured on the home page of baltimoresun.com.

Photo by Will Kirk, Johns Hopkins University

New York Mayor Michael Bloomberg — arguably the highest-profile living Johns Hopkins University graduate — has pledged another $350 million to his alma mater, bringing his total support of the University to more than $1 billion. The gift will support scholarships and endowments for faculty.

The university announced the gift Saturday on its Hub news portal.

The majority of the new gift, $250 million out of $350 million, will be part of a larger effort to raise $1 billion to facilitate cross-disciplinary work across the university to galvanize people, resources, research and educational opportunities around a set of complex global challenges. Initially, the funds will be used to support the appointment of faculty in the areas of water resource sustainability, individualized health care delivery, global health, the science of learning and urban revitalization. The remaining $100 million will be dedicated to need-based financial aid for undergraduate students, ensuring that the most talented and driven students are admitted to the university’s classrooms, regardless of economic circumstance. Over the next 10 years, 2,600 Bloomberg Scholarships will be awarded.

For more on the major gift to one of Maryland’s signal institutions of research and higher learning, read the full report on The Hub, and on The Baltimore Sun.

Also:

From The Sun:

A middle-of-February auction has been scheduled for developer Patrick Turner’s Westport Waterfront site.

The auction house A.J. Billig and Co. is advertising that sale of the roughly 43-acre property will take place Feb. 14 on the steps of the Clarence M. Mitchell Jr. Courthouse downtown.

Full article is available on The Baltimore Sun web site.