December 15: Muniland Snaps

December 15, 2011

Time’s Up: Federal Provisions Set to Expire in January 2012. Chart source: Pew Charitable Trusts

Good Links U.S. Postal Service delays closure of processing centers until May

AP: Congress could end up reducing jobless benefits

LA Times: University of California administrators are contrite after pepper spray incident but predict more protests to come

SacBee: Study on California public pension boosts shortfall estimate 17% in one year

Bloomberg: More reports about fracking and earthquakes, this time in Ohio

BBC: Poor Jefferson County residents resort to Porta-A-Potties after sewer rates quadruple

WSJ: Strong demand allows Detroit to bring 30-year sewer bonds at 2.46% above comparable Treasuries

Bloomberg: Rising sales and gas tax revenues pump Texas state budget

Patriot News: Harrisburg’s receiver creates a little heat for the city’s bondholders

@Twitter Talk

Damian Paletta @damianpaletta Damian Paletta   Federal agencies preparing, again, for possible government shutdown. They must have this down to a science by now.

Mark H. Melin MarkMelin Mark H. Melin  Look at how financial engineering behind gov debt has been generally out of the public view. Undisclosed leverage in action.

Lauren Young @LaurenYoung Lauren Young   44% of long-term unemployed, 35% of underemployed willing to move to another state for a new job

Counterparties @counterparties Counterparties   2004 tax repatriation holiday led to few jobs, “corporate rich got richer,” new study finds

marcus baram mbaram marcus baram   Revolving door chronicles: Sixteen former Judiciary staffers lobby on online copyright issues……

Michael Pietronico MillerTabak Michael Pietronico  one municipal bond dealer estimates that there will be 23 billion in tax-free cash available to be redeployed into the market in January

Barrett and Greene @GreeneBarrett Barrett and Greene   Gr8 report on Collective Bargaining & teachers

Capital Tonight @CapitalTonight Capital Tonight   Sen. Schumer launches BEER TOUR! Sorta. Initiative to connect upstate brewers with NYC restaurants. Wants NY to drink more local suds.
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