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Under the program, the federal government subsidizes the bond payments that local governments make to investors, boosting the yield by 35%. So a typical muni bond that would normally pay 4.5% yields nearly 7% if it is issued through the Build America Bond program. The higher payments don't hurt...
The only question about BABs is the cost. So far local governments have issued just over $50 billion in BABs with an average yield of just under 6%. That means the federal government is paying just over 2% interest on that debt a year, or about $1 billion. Many estimate...
Still, Haber hinted that he would devote his column to representing the voice of his generation, since it has traditionally been under-represented on the nation’s opinion pages.
Ross G. Douthat ’02, a 29-year-old former contributor to The Crimson, was made an editorial columnist for the New York Times in April 2009. No Washington Post editorial writers or columnists are under the age of 35.
Though he has no experience as a reporter, Haber said he might use his opportunity to highlight under-reported issues with national significance. So far, he’s used his online column to interview Massachusetts Senate candidates Alan A. Khazei ’83 and Steven G. Pagliuca, and...