A former Newark official was indicted last week on federal corruption charges for allegedly receiving cash bribes in return for his influence in securing business contracts with the city. U.S Justice Department officials say Keith Reid, the former chief of staff for City Council president Mildred Crump, allegedly accepted $13,500 for his ability to generate Newark and Irvington Township contracts for an insurance company. Reid is charged with numerous attempted extortion and bribery charges and allegedly received a bribe on behalf of an Irvington official.Officials say Reid was recorded by undercover witnesses on several occasions accepting bribes and assuring them of his influence within local government.“We have relationships obviously in Irvington and obviously in Newark” and other municipalities, Reid said, according to the indictment. “Folks there we can pick up the phone and call and open doors.”New Jersey authorities arrested Reid and 10 other public officials in September in an undercover statewide corruption sting operated by the U.S. attorney’s office.
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"You would think global instability leads to flight for quality, but you also have the inflationary pressures that come with higher oil prices. I would say the inflationary pressures have been winning, and that's why you're seeing Treasury and muni rates move higher," said Keith Richard, head of public finance at Siebert Williams Shank.
9h ago -
The current lateral recruiting marketplace for public finance attorney talent is "highly competitive," according to Nixon Peabody's Julie Seymour.
March 24 -
The weakness in fixed-income markets comes after stocks and bonds saw strength Monday following President Donald Trump's announcement of a five-day pause on strikes on Iranian power plants amid talks between the two countries.
March 24 -
The AA-minus-rated bonds come to market as the hospital sector continues to navigate through rising expenses and other challenges.
March 24 -
"We are in interesting times as the market must now balance these robust technicals against a backdrop of geopolitical tension in the Middle East and the nomination of Kevin Warsh, whose hawkish reputation is already being weighed by participants," said Jason Wong, vice president of municipals at AmeriVet Securities.
March 23 -
Otero County's March 13 emergency meeting to avoid a bond default did not comply with the Open Meetings Act, the state's Justice Department determined.
March 23





