December 7: Muniland Snaps

By Cate Long
December 7, 2011

FRED Graph

America’s most vital economic statistic: the price of gas. Source: Federal Reserve Bank of St. Louis

Good Links

The Fiscal Times: Deep defense cuts are unlikely

Bloomberg: U.S. accounting regulators want state and local governments to open the kimono

24/7: Least populated states deemed healthiest

Bloomberg: Prediction: 2011 muni defaults could hit a record $20 billion

Christian Science Monitor: New York to raise taxes on the rich. Is it a blueprint for Congress?

All Things D: More muniland tax losses: Amazon to pay shoppers $5 to walk out of stores empty-handed

Blackrock: Ready to cast off fixed-income constraints?

Bloomberg: Municipal bonds rallied, pushing 10-yr yields to the lowest since Sept.

@Twitter Talk

sethdmichaels @sethdmichaels sethdmichaels   Meanwhile, the AGs of California and Nevada are launching a joint foreclosure-fraud investigation:

Cate Long @cate_long Cate Long   $2B of short term New Jersey paper 7 times oversubscribed as yields more than comp Treasuries #muniland

Bloomberg State/Muni @StatesAndCities Bloomberg State/Muni   Michigan Lets Prisoners Go—and Saves a Bundle:

Govistics by CGR @Govistics Govistics by CGR  California, Wisconsin, New Jersey – all are experiencing bigger-than-ever increases in # of public employees retiring.

Craig Settles @CJSettles Craig Settles   47 western Mass towns said “we’ll band together, create our own broadband. Their story on Gigabit Nation

Michael Cooper @coopnytimes Michael Cooper  When I visited Vermont after Irene, the damage seemed insurmountable. @jswatz finds they are surmounting it:

Kyle Hughes @nysnysnews Kyle Hughes  Editorials: Cuomo tax deal gets yea from NYDN, nay from Post/WSJ, feh from NYT. ‘That’s not the way to run a govt.’

jim warner @JimWarner785 jim warner   Oh boy..those of us in industry used to swear Tony Soprano was just fiction! Mob in Waste industry in NJ

Barrett and Greene @GreeneBarrett Barrett and Greene  Park area as % of land area in US cities: NYC =19.5% Boston =15.8% Baltimore =9.5% Miami =5.2%
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