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Budget blues: Moody’s downgrades Pennsylvania’s bond rating

Jul 22, 2014 —

That didn’t take long.

Just weeks after Pennsylvania lawmakers passed a patchwork budget and skipped town without addressing pension reform, Moody’s has downgraded Pennsylvania’s general obligation bond rating. It dropped the state fom Aa2 — its third-highest rating — to Aa3.

Cronyism could be behind Memphis order against Uber, Lyft

Jul 21, 2014 —

MEMPHIS — Most Memphis residents already know that city officials, citing public safety concerns, imposed cease-and-desist orders against private ride-share companies Uber and Lyft. But city officials were possibly acting in their own interests instead.