Tag: california

July 19, 2013 0

Avalanche of City Debt Downgrades and Eventual Bankruptcies Coming Up; Numerous Cities Bankrupt Over Pension Promises

By News Desk

Avalanche of City Debt Downgrades and Eventual Bankruptcies Coming Up; Numerous Cities Bankrupt Over Pension Promises Posted by Michael Shedlock at 12:15 PM Disclaimer: The content on this site is provided as general information only and should not be taken as investment advice. All site content, including advertisements, shall not be construed as a recommendation to buy or sell any security or financial instrument, or to participate in any particular trading or investment strategy. The ideas expressed on this site are solely the opinions of the author(s) and do not necessarily represent the opinions of sponsors or firms affiliated with the author(s)

July 19, 2013 0

Detroit Files Chapter 9 Bankruptcy; Oakland, LA, Others on Deck; Pension Promises vs. Bondholders in Spotlight; The Bright Side

By News Desk

In an inevitable, anticlimactic decision today, Detroit files for bankruptcy . Detroit became the largest US city to ever file for bankruptcy on Thursday, seeking protection from its creditors as it restructures more than $18bn in debt

June 15, 2013 0

I hope this won’t be a useful information resource for very long

By News Desk

Original post: I hope this won’t be a useful information resource for very long

June 13, 2013 0

California, Illinois on Brink of Pension Crisis; New Actuarial Rules Will Force States to Admit Problems

By News Desk

Many states, especially California and Illinois, have had severe pension underfunding problems for many years. However, new actuarial pension rules will finally force states to admit the problem. Thus, it should not be surprising that talk of “technical bankruptcy” and “service insolvency” is growing.

June 13, 2013 0

California, Illinois on Brink of Pension Crisis; New Actuarial Rules Will Force States to Admit Problems

By News Desk

May 21, 2013 0

What Is California Attempting to Hide?

By News Desk

Please consider California exchange granted secrecy .

May 5, 2013 0

Interactive Map of Food Stamp Usage; What Can Be Done to Curtail Usage?

By News Desk

A nice interactive map by Slate addresses the question How Many People Around You Receive Food Stamps? In some parts of the country, as few as 1 in 20 people receive food stamps. In others, the figure is more than 1 in 3

April 24, 2013 0

Utopian Union Fantasy: What If Every California Worker Made What City of Irvine Workers Make?

By News Desk

View article: Utopian Union Fantasy: What If Every California Worker Made What City of Irvine Workers Make?

April 22, 2013 0

A bad rep for solar tax credit and LEED

By News Desk

Tweet Some news and rumors still seem to spread more by word of mouth than online. One of them for me is the issue of potential misuse of solar tax credits in the US, as opposed to feed-in tariffs done elsewhere. Solar tax credits are transferable and cost-based – the higher the cost of the system, then the greater the tax credit that can be sold to other businesses

April 17, 2013 0

Muniland Disclosure Problem; Philadelphia’s Closed-Door Two-Day Schmoozefest Backfires With Unwanted Publicity

By News Desk

One reader sent a link to a Philly.Com article by Joseph N. DiStefano titled Philly effort to keep well-known troubles quiet wins new attention .