October 6: Muniland snaps

October 6, 2011

+Good Links +

The Nation: “Occupy Wall Street” protest swells with union and citizen participation

Bloomberg: Aiming to incite public furor, McCain introduces bill to tax offshore profits at 8.75%

Center for American Progess: The vanishing middle-wage, middle-skill, white-collar and blue-collar jobs

Stateline: How the long knives in Washington are cutting Medicaid funding

MuniNetGuide: The state, county and local gov’ts that are slowest to audit their books

Bloomberg: Chicago’s Emanuel continues practice of non-transparent Wall Street deals

Bond Buyer: Wall Street urges watered down rules on “fair-dealing” guidance

Bloomberg: Bloomberg declares muni CDS unrepresentative of default risks

Bond Buyer: Heavy new muni bond supply raises interest rates

Public Sector Inc: Some public pension promises were real, some weren’t rock hard

FDIC: Secretly leaked draft of new Volcker rule


@Twitter Talk

Pew Research Center @pewresearch Pew Research Center   Two-thirds (67%) of Americans approve of raising the tax rate on incomes over $250,000 to help reduce national debt. pewrsr.ch/qEwIqG

Barrett and Greene @GreeneBarrett Barrett and Greene  % funding change per K-12 student, FY08 to FY12 (infl.-adjusted). 30 out of 46 states show decline http://ow.ly/6PeXx

Rochester Funds @RochesterFunds Rochester Funds  As Q3 ended, Census Bureau reported a 17.6% YoY increase in Q2 public pension fund assets; assets at top 100 plans now top pre-Lehman levels

Fixedology @Fixedology Fixedology  Much of current muni supply is re-finance/refunding which requires debt service structure, mostly 1-15 yrs–where supply pressure has been

Fixedology @Fixedology Fixedology   This week may bring in some more muni crossover interest as ratios are compelling (10yr @ 115-120% yesterday)

james saft @jamessaft james saft  Hilarious and sad. @matthewstoller Tampa seeking $50M taxpayer grant to pay for unmanned drones during RNC Convention bit.ly/pqS668

Kristy Fifelski @kristyfifelski Kristy Fifelski  New video: Hosting a City Hackathon  govgirl.com/2011/10/hostin…

Randall Jensen @randalljensen Randall Jensen  Bad timing: Sacramento’s $1 billion terminal opens with $8 million spent on art http://ow.ly/6OhNp

No comments so far

We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/