Tag: city

October 9, 2012 0

Parla, Spain’s 54th Largest City, Poised for Bankruptcy

By News Desk

Courtesy of Google Translate from El Economista , please consider Parla, one step from bankruptcy: cannot deal with creditors . The economic situation of the City of Parla "can not deal with creditors and maintain basic health services to citizens," according to the report of the Audit Chamber of the Community of Madrid, who advised to take measures to continuity of the consistory.

September 28, 2012 0

California Hit Parade Rolls On: Atwater Scrambles to Avoid bankruptcy

By News Desk

The California hit parade keeps on rolling as yet Another California city scrambles to avoid bankruptcy . Atwater, a city of roughly 28,000 in California’s Central Valley, may declare a fiscal emergency as soon as next week, but it is trying to avoid becoming the fourth California city to file for municipal bankruptcy this year, its mayor said.

August 15, 2012 0

Syracuse New York Headed For Bankruptcy, 100% Certain

By News Desk

Please consider this news headline which I openly mock: Expert says bankruptcy for Syracuse is unlikely, but mayor should explore option While the financial situation in the city of Syracuse hasn’t been described as desperate yet, Mayor Stephanie Miner has asked for some legal expertise on municipal bankruptcy. The signs of the city’s financial problems have been evident for several years as city employees accept wage freezes and fire and police departments see staff reductions. The city will use an early payment from Albany to help keep the budget from dipping into dwindling reserves.

August 9, 2012 0

Getting Romney’s culture quote just right

By News Desk

There may have been some confusion about what Romney actually said about culture and economic success, so I thought I would document it: I recognize the power of at least culture and a few other things….As you come here and you see the G.D.P.