The overall economy grew for the 73rd straight month, while the manufacturing sector expanded for the 10th time in a row, the Institute for Supply Management reported yesterday. According to the ISM’s monthly report on business, its index decreased to 50.8 in November from 50.9 in October.Economists polled by IFR Markets predicted the index would slip to 50.4.The closely watched prices paid index climbed to 67.5 from 63.0. The employment index was at 47.8, down from 52.0 in month before. The production index increased to 51.9 from 49.6, the new orders index inched up to 52.6 from 52.5, the supplier deliveries index increased to 51.7 from 50.6, the export orders index rose to 58.5 from 57.0, and the imports index remained 47.5. The inventories index decreased to 46.9 from 47.2, the customers’ inventories index fell to 49.0 from 54.0, and backlog of orders decreased to 41.5 from 46.0.
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The bonds refunded of two earlier series of student fee bonds: the taxable Series Z-2 Build America Bonds, and the tax-exempt Series BB-1 bonds.
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LSEG Lipper reported fund inflows of $447 million while high-yield muni bond funds saw another round of inflows at $246 million, marking the 12th consecutive week of positive flows in that space.
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Hawaii Gov. Josh Green outlined the state's plan to permanently house everyone displaced by the fire — and how he plans to pay for it during a media briefing.
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D.C. promises $515 million in improvements to its existing downtown arena.
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A bond-financed purchase of the Stanley Hotel in Estes Park, Colorado, which served as an inspiration for Stephen King's The Shining, is being pursued by the Colorado Educational and Cultural Facilities Authority.
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In a recently released survey by the Citizens Budget Commission, New Yorkers said they are feeling much less safe, with only 37% rating public safety in their neighborhood as excellent or good, down from 50% in 2017.
March 28