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Hernando Today
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Madoff's Arrest On Fraud Charges Affects Europe, Asia
Some of the world's biggest banking institutions and hedge funds reported potential huge losses on Monday as the impact of alleged fraud by arrested Wall Street investment manager Bernard Madoff spread far beyond U.S. borders. ...more
December 15, 2008
Florida's Pension, Hurricane Funds Have Millions In WaMu Holdings
State officials on Friday were assessing what effect Washington Mutual's failure Thursday would have on stocks, bonds and other investments the state had in the bank. ...more
September 27, 2008
Computer Leasing, Other Issues On School Board Agenda
The Hernando County School Board is in for a marathon day of meetings, with numerous issues up for discussion today. ...more
February 19, 2008
Hillsborough Pulls $167 Million From State Fund
Hillsborough County pulled $167 million out of the State Board of Administration local government fund Friday amid continued concerns about the fund's investments in the subprime mortgage market. ...more
January 19, 2008
Dunedin, Oldsmar Glad They Stayed in Pool
Two North Pinellas cities, Dunedin and Oldsmar, held firm and weathered a financial storm created in late 2007 by a run of investors on the Florida Local Government Investment Pool. Now they say that decision is paying financial rewards. ...more
January 19, 2008
School District May Push For Legislation
After the "freezing" of a state-run investment pool set off a statewide panic last month, local school officials are looking to area legislators for backup. ...more
January 5, 2008
Internal Audit Warned State Board Of Investment Risk
An internal audit warned last year that the state board that invests local government money should have a special committee to review overall risk in the agency's investments, and that it was relying on too few brokerages when buying securities. ...more
January 4, 2008
Year In Review
School, county and city officials rushed to assure their employees that they will be able to cover payroll checks despite a freeze on a state-run investment pool fund. ...more
January 4, 2008
State Must Cover Local Losses To Restore Confidence In Risk Pool
The sundry rules that control the ebb and flow of funds in the state-run investment pool for local governments fail to answer an unexpected question: If investments lose money, whose money is lost? ...more
January 4, 2008
State's 'Pool A' Fund Gets Highest Grade
The part of Florida's embattled investment fund for local governments that remains open received the best possible rating Friday from Standard & Poor's. ...more
December 22, 2007
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