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Crash Course

What Lehman Did

By Edward Ericson Jr. | 3/12/2010

The long-awaited autopsy on Lehman Bros. is out. Big news: The bank hid liabilities off its balance sheet! Everyone is shocked, shocked. The amazing thing is the mundanity of Lehman's methods: Repos. This was inside-the-box thinking even 10 years ago, when the bank apparently started using them. As the New York Times explains: Repos, short for repurchase agreements, are a standard practice on Wall Street, representing short-term loans that provide sometimes crucial financing. In them, firms e ... [MORE]

John Elder, R.I.P.

By Edward Ericson Jr. | 3/12/2010

A reader pointed us to this death notice for John Elder, the former city-employed engineer whose troubles with the law and association with building collapses City Paper chronicled. Elder died March 3. His last couple of years were tough. Besides two investigations by the state Board for Professional Engineers, Elder suffered the death of his adopted son, Timothy, in November 2008. Last year he had his own health problems, including a blood infection that kept him in the hospital for seven weeks ... [MORE]

Maryland official considered for open Fed seat

3/12/2010

The Wall Street Journal is reporting that President Obama plans to nominate Sarah Bloom Raskin, who has headed the Maryland Department of Financial Regulation since 2007, for an open seat on the Federal Reserve Board of Governors. ... [MORE]

Arts and Minds

The New Yorker's Richard Brody Gushes Over Matthew Porterfield—Again

By Lee Gardner | 3/12/2010

When New Yorker film writer Richard Brody made up his list of the best films of the '00s for his blog last December, he put Baltimore filmmaker Matthew Porterfield in the company of the likes of Jean-Luc Godard, Wes Anderson, and Catherine Breillat by including Porterfield's 2006 Baltimore-shot independent feature Hamilton among his favorites. Now Brody is enthusing about Porterfield's new movie Putty Hill, a docu-drama shot here this past summer that recently screened in New York, calling it "e ... [MORE]

The News Hole

Bicycling Routes Added To Google Maps

By Michael Byrne | 3/11/2010

That was fast. It seems like just yesterday we were clicking Facebook petitions asking Google to add bike routes to its maps, which previously included directions for walking, driving, and public transit only. Yesterday the internet behemoth announced that, due in large part to "public support," a bike-route feature has been added. You can use Google Maps to look at bike lanes, designated bike routes, and preferred bike routes, and you can also use Google to plot bike routes around your cityR ... [MORE]

Noise

Read Caffeine and Guitars: Reina Williams, March 4 at Peace and A Cup of JoeCaffeine and Guitars: Reina Williams, March 4 at Peace and A Cup of Joe in Noise

City Paper Digi-Cam

Caffeine and Guitars: Reina Williams, March 4 at Peace and A Cup of Joe

By Al Shipley | 3/11/2010

Reina Williams is one of the more unique musicians working in Baltimore these days, someone who straddles a few different genres. As a hip-hop producer, she's made beats for brash young rappers like Lil D, and recently won the producer competition No Guts No Glory at 5 Seasons two months in a row. As a solo artist, she's a singer/songwriter who gigs around town with an acoustic guitar, and plays every other Thursday night at Joe Squared. This past Thursday, she pulled double duty, doing her usua ... [MORE]

The News Hole

The Maryland Democratic Party Tries to Make a Funny

By Erin Sullivan | 3/11/2010

The Maryland Democratic Party has finally discovered one of last century's sincerest forms of satire, culture jamming. ... [MORE]

Feedbag

Read Rodney Henry and Bobby Flay ThrowdownRodney Henry and Bobby Flay Throwdown in Feedbag

foodnetwork.com

Rodney Henry and Bobby Flay Throwdown

By Anna Ditkoff | 3/11/2010

According to a post on the Restaurant Association of Maryland's web site, local pieman Rodney Henry was challenged to a quiche-off by Bobby Flay for the chef's Food Network television show Throwdown. Kudos to the Dangerously Delicious Pies-maker for gaining enough renown to bring Flay to Charm City. One thing, though: According to the post, Henry was told he was being followed around by Food Network cameras for a pilot only to find out he was going to be on one episode of Flay's show, which sou ... [MORE]

The News Hole

Read Jose Morales Update: 262 MonthsJose Morales Update: 262 Months in The News Hole

Rarah

Jose Morales Update: 262 Months

By Edward Ericson Jr. | 3/11/2010

Jose Morales was sentenced on March 8 to 262 months—nearly 22 years—in federal prison for trying to bring 6 kilos of cocaine to Baltimore on a chartered jet. Judge Randy Crane of the Southern District of Texas heard several sealed (and therefore secret) pleadings before sentencing. Crane ruled that Morales is a career criminal, but gave him the low end of the sentence range; he could have received 327 months. Crane also gave Morales five years' probation after his release and recomme ... [MORE]

Noise

Working Out the Kinks: Ray Davies at Rams Head Tavern, March 2

By Geoffrey Himes | 3/9/2010

As the pop stars of the 1960s enter their 60s, as their hairlines recede and voices roughen, the second-tier stars begin to play smaller and smaller rooms. Thus it was possible on the night of March 2, within the intimate confines of Annapolis's Rams Head Tavern, to sit less than 20 feet from Ray Davies and hear him tell stories and crack jokes about his many years with the Kinks. The Kinks may not have had the commercial clout of their peers—the Beatles, the Rolling Stones and Who—b ... [MORE]

Homeless and Hungry: The Videos

By Michael Northrup | 3/9/2010

... [MORE]

Shawn Green Sentenced to 12 Years in Prison

By Erin Sullivan | 3/9/2010

On March 8 the U.S. Attorney's Office for Maryland announced that Judge J. Frederick Motz sentenced former federal fugitive Shawn Green to 12 years in prison for his role in a conspiracy to distribute 330 pounds of cocaine. In December, Green pled guilty to charges of drug dealing and being part of the conspiracy. As part of the plea agreement, he acknowledged that he was also involved in a fraud scheme along with his mother, Yolanda Crawley, in which the two used false documents to defraud mor ... [MORE]

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