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Read More: Desert Hot Springs, CA Mulls Bankruptcy Due to Soaring Wages and Pensions; The "Only" Option; Just Desserts for…
Tweet Per Eli’s post below , Judith Curry’s put up a silly guest post by Rud Istvan saying that climate change poses no water supply problems to Caribbean islands. There are too many fish to shoot as Istvan gishgallops them in the barrel, so let’s talk first about where he’s right: Â if nobody lived on these islands, then there’d be no water supply problems on those islands for those people who don’t live there.
Read More: Vallejo, Mired in Pension Debt Again; Lesson for Stockton and Detroit – Shed Those Pension Obligations Now!
Read More: Scranton, Pennsylvania Careens Towards Bankruptcy; Real Whiff of Union Priorities; Reflections on Municipal Bonds
Originally posted here: Fiscal Crisis in Chicago: Pensions 31% Funded, Moody’s Downgrades Debt 3 Notches, Pension Liability is $61,000 Per…
Originally posted here: Fiscal Crisis in Chicago: Pensions 31% Funded, Moody’s Downgrades Debt 3 Notches, Pension Liability is $61,000 Per…
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California passed Proposition 99 in 2008.
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)
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