Randy Essex and Mark Phelan and Jamie L. LaReau Detroit Free Press Published 2:08 p.m. UTC Jul 25, 2018 Sergio Marchionne, an accountant turned auto executive who is credited with saving both Fiat and Chrysler, has died. He was 66. The holding company of the Agnelli family, which founded Fiat, confirmed the death Wednesday. “Unfortunately, what we feared has come to pass. Sergio Marchionne, man and friend, is gone," John Elkann, chairman of FCA, said in a statement. "I believe that the best way to honor his memory is to build on the legacy he left us, continuing to develop the human values of responsibility and openness of which he was the most ardent champion." A tireless worker known for candor, sweaters and chain smoking, Marchionne did not fit the mold of a carmaker's CEO. Named Fiat's chief executive in 2004, he had worked primarily in finance and nonautomotive industries. But he rescued Chrysler from the brink of … [Read more...] about Sergio Marchionne, who saved Chrysler and Fiat, dies at 66
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Your Lyin’ Eyes
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Seniors grow old under debt
Norman Harvel is growing old under a mountain of debt.At 60, Harvel faces medical and credit card bills topping $80,000. Yet Harvel is unable to work, having been injured at a job site more a decade ago. The former building maintenance worker now lives on $904 a month in Social Security disability benefits."I was so sick and tired of getting the bills, so I would throw them away," Harvel said from his tiny basement apartment in Dundalk. "I've had to try to tell myself that it's something I will wake up from."In Maryland and across the country, baby boomers and other older Americans are drowning in debt, say credit counselors, elder law attorneys and economists. A growing number of older people in the Baltimore region are seeking financial assistance and help finding work, as well as filing for bankruptcy, say those who work with senior citizens."It's supposed to be the golden years, but it's not, at least financially," said Nicholas Del Pizzo III, a Dundalk attorney whose clients … [Read more...] about Seniors grow old under debt
After spectacular fall, Struever reappears on the radar
Two years after C. William Struever's real estate empire collapsed and the once-ubiquitous developer dropped off Baltimore's radar, the urban visionary has reappeared as a managing director of a new company, working on the same kinds of projects that helped make his name.Struever is one of the founders of Cross Street Partners, a real estate venture made up of 28 employees who all once worked for Struever Bros., Eccles & Rouse, the company that changed Baltimore's landscape and that of other East Coast cities before coming apart in the throes of the recession, leaving a trail of lawsuits and unfinished developments.Struever's re-emergence on the Baltimore development scene is being hailed by civic leaders who hope to see revitalization in Baltimore pick up as the economy improves — and to see Struever play a role."He's certainly one of the great citizens of Baltimore and one of the people most dedicated to making the city a better place, and one of the most imaginative," said … [Read more...] about After spectacular fall, Struever reappears on the radar
The 9 cars you shouldn’t buy used, and 8 cars you should absolutely buy used
By Mike Moffitt, SFGATE Updated 11:41 pm, Tuesday, February 20, 2018 window._taboola = window._taboola || []; _taboola.push({ mode: 'thumbnails-c', container: 'taboola-interstitial-gallery-thumbnails-5', placement: 'Interstitial Gallery Thumbnails 5', target_type: 'mix' }); _taboola.push({flush: true}); window._taboola = window._taboola || []; _taboola.push({ mode: 'thumbnails-c', container: 'taboola-interstitial-gallery-thumbnails-10', placement: 'Interstitial Gallery Thumbnails 10', target_type: 'mix' }); _taboola.push({flush: true}); window._taboola = window._taboola || []; _taboola.push({ mode: 'thumbnails-c', container: 'taboola-interstitial-gallery-thumbnails-15', placement: 'Interstitial Gallery Thumbnails 15', target_type: 'mix' }); _taboola.push({flush: true}); window._taboola = window._taboola || []; _taboola.push({ mode: 'thumbnails-c', container: 'taboola-interstitial-gallery-thumbnails-20', placement: 'Interstitial Gallery Thumbnails … [Read more...] about The 9 cars you shouldn’t buy used, and 8 cars you should absolutely buy used