MuniLand

Good Links

New York Times: Household incomes have dropped 9.8% since start of the recession

Council on Foreign Relations: Our current crisis is better than the Great Depression, worse than other recessions

Economic Collapse Blog: The long-term data is very bleak

Rortybomb: Distilling the suffering of the 99%

Heritage Foundation: Tax repatriation would lead to little increase in job creation or investment

McClatchy:  Senator introduces bill to reduce corporate taxes brought back onshore by 75%

American Bankruptcy Institute Journal:  States doing the Chapter 9 thing?

Stateline:  State and local employment is down, but not everywhere

Kellogg Finance: Totally dreamed-up pension liability numbers

Bloomberg: U.S. Justice Dept cracks down on landlords of CA medical-marijuana dispensaries

Bond Buyer:  Dealers swamped with new issues

Courier Post Online: Collingswood, NJ is fully invested in unsold condo project

@Twitter Talk

@PIMCO PIMCO   Gross: Need incentives for corporations to invest? Lower taxes? Joking? Profits as a % of GDP at 13%. All time record %. Help Main Street!
@cate_long Cate Long    Yup. Tis true. RT @munilass:  Most trades are for bonds that have been recently issued. When issuance is down, so is trading.

@munilass Bond Girl   Brown Signs Bill to Limit Municipalities in California From Bankruptcies bloom.bg/oLfPmQ

@pmonies Paul   Fearing budget cuts, interest groups take lobbying local  usat.ly/nVpASn

@CSGovts CSG   A handful of states will raise their minimum wage next year – up to $8.67 an hour. bit.ly/nSWpyy

@soooouuuuurrrrr laurence chandler   Pensions underperforming looking for risk going to hedge funds, funds are to the brim w. cash.
@GreeneBarrett Barrett and Greene  HS students taking at least one online course — 2000: 45,000;  2010: > 4 million  http://ow.ly/6Qn8h

@Newyorkist Newyorkist  Someone has brought the bull to Zuccotti. Crowd on move with it. Marching south down Bway. #ows  twitpic.com/6xuqsx