Early Briefing 09.05.07

* Columnist Steve Pearlstein looks at Carlyle's struggle to set up an hedge fund and take it public in the European market.

"Suddenly," he writes, "instead of scouring the world for promising but undiscovered companies to buy and retool -- its core business -- Carlyle found itself scouring the world for tax and regulatory havens, trying to keep up with rivals in offering all things to all investors. It was the same mistake Wall Street banks and investment houses had made again and again over the years, to their investors' dismay."

Read the rest of his column here.

* When it comes to the proposed a new nuclear reactor in Calvert County, it's all about money: The money that would go to the county, the money the government woud provide, lobbying, insurance and financing. See story

* A legislative audit says Maryland lost about $1.1 million last year from not pursuing fees and penalties from companies still doing business in the state after giving up their corporate charter and from homeowners receiving property tax credits for more than one home.

By Terri Rupar  |  September 5, 2007; 5:00 AM ET  | Category:  Morning Brief
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