MuniLand Snaps: January 5, 2012
The United States plows along at a 1.5% average growth rate. Meanwhile state tax revenues are coming in much stronger. Source: Federal Reserve Bank of St. Louis
Good Links
Bond Buyer: Who on earth dreamed up this convoluted municipal bond scheme?
Bloomberg View: Wall Street’s big swingers get the biggest breaks
Bloomberg: Institutional bond fund manager says municipal bank loans OK with disclosure
Bond Buyer: Illinois’ unfunded pension obligations grew by about $7 billion
AP: States change how they recruit foster parents
State of Michigan: Foster care rates
WAMC: First “environmental justice” contention accepted for hearing at the Atomic Safety Licensing Board
Roxbury News: Video – Receiver for bankrupt Harrisburg, PA takes citizen’s questions
Collingswoood Patch: 8-year-old advocates for repeal of chicken ban
@Twitter Talk
@dvandeventer Donald van Deventer #SovereignRisk: US GAO cannot render opinion on U.S. government financial statements: riskcenter.com/story.php?id=9…
@rachbarnhart Rachel Barnhart Document in which NY declared independence from British, dated May 26, 1775, discovered in Syracuse bit.ly/y9fMXI
MillerTabak Michael Pietronico the powers that be in the municipal market “rolled” the yield curve last night…we suggest that skepticism is warranted today by buyers
Fixedology Fixedology Technicals supportive in 2011, expect same in 2012: restricted #muni supply, steady demand (funds, boomers, corps w/ cash, crossover buyers)
@Richard_Florida Richard Florida America’s Healthiest Metros – West, esp California dominates but Burlington, Bridgeport & Trenton-Ewing make the list - theatlanticcities.com/arts-and-lifes…
@StatesAndCities Bloomberg State/Muni Boeing Betrays Wichita After City Helped Win Tanker, Mayor Says:ow.ly/8j99H
@kevindepew Kevin Depew PA Dec. slot revs rose 14% even with fewer machines operating. For 2011 slots produced $1.3 bln in tax revenue. $$
@HuffPostBiz HuffPostBiz NJ Governor Christie: Jersey should be online gambling’s “epicenter” huff.to/ywCxtu
@jerseyjazzman Jersey Jazzman Urban Students=Cash Cows: Taxpayer $ fast-tracked to private charter management companies. It’s for the kids… jerseyjazzman.blogspot.com/2012/01/urban-…
@munilass Bond Girl Atlanta City Council approves airport concessions contracts despite concern contracts are going to political donors bit.ly/y3gBYN
@tmaniccia Tim Maniccia Twenty-six felony charges were filed today against current and former Sweetwater (CA) schools officials. utsandiego.com/news/2012/jan/…



