Wednesday, May 18, 2022
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NCtrend: Uncommon bonds

Gov. Pat McCrory wants North Carolina to issue as many as $2.4 billion of bonds for transportation improvements and to improve aging state facilities, possibly prompting the state’s first general-obligation bond election since 2000. It’s not that state lawmakers have stopped taking on debt to construct university buildings or expand roads — they have just paid for them by issuing more than $3 billion in certificates of participation and other bonds that attract little publicity and don’t require voter approval. Investors demand more interest on so-called “special indebtedness” compared with GO bonds, so it costs the state about $3.4 million extra over the life of a $100 million bond, according to State Treasurer Janet Cowell. North Carolina has the capacity to issue $700 million in general-fund debt  and $1 billion in transportation bonds without exceeding targets recommended as prudent by state officials.
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Fayetteville Tech’s president prepares for retirement

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Larry Keen is retiring as president of Fayetteville Tech, the state’s third-largest community college, effective Jan. 1. Here is his story, one that is not widely known. 

Supreme Court justice cites hire as reason to oust chief judge

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N.C. Supreme Court Justice Phil Berger Jr. isn’t on the ballot this year, but he’s taking an active role in determining which GOP candidates for appellate courts make it to the November election. Berger, whose father is...
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Culbertson: How to negotiate with David Tepper

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This is a column by John Culbertson, owner of Cardinal Real Estate Partners LLC in Charlotte. He's a veteran real estate adviser and investor. How do you negotiate with someone who has 17.7 billion dollars?...

Deal would double Atrium Health’s size

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Atrium plots Midwest expansion
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McLaurin: Bipartisanship key to state’s economic success

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North Carolina puts politics aside in promoting business.
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