October 6: Muniland snaps

By Cate Long
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

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