December 7: Muniland Snaps

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 Meanwhile, the AGs of California and Nevada are launching a joint foreclosure-fraud investigation: bit.ly/sef8Zb
@cate_long Cate Long $2B of short term New Jersey paper 7 times oversubscribed as yields more than comp Treasuries on.wsj.com/s3Lmia #muniland
@StatesAndCities Bloomberg State/Muni Michigan Lets Prisoners Go—and Saves a Bundle: ow.ly/7MsLs
@Govistics Govistics by CGR California, Wisconsin, New Jersey – all are experiencing bigger-than-ever increases in # of public employees retiring. j.mp/tqinvd
@CJSettles Craig Settles 47 western Mass towns said “we’ll band together, create our own broadband. Their story on Gigabit Nation bit.ly/tbCHut
@coopnytimes Michael Cooper When I visited Vermont after Irene, the damage seemed insurmountable. @jswatz finds they are surmounting it: nyti.ms/seUFRA
@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.’
@JimWarner785 jim warner Oh boy..those of us in industry used to swear Tony Soprano was just fiction! Mob in Waste industry in NJ bit.ly/rWjjnk


