MuniLand Snaps: March 6, 2012

By Cate Long
March 6, 2012


Scott Hodge of the Tax Foundation discusses the states with the highest and lowest business taxes. More background here via the Tax Foundation.

Good Links

MSRB: MSRB seeks SEC approval of rule to strengthen regulation of broker’s brokers

ISDA: ISDA publishes 2012 U.S. municipal reference entity CDS protocol

Bond Dealers of America: National Municipal Bond Summit agenda

Stateline: Laffer’s supply-side economics staging a comeback

Bloomberg: U.S. pension assets gained 16.4 percent in 2011: Wilshire

FT: Illinois state “on brink of collapse”

Dealbook: Teacher Retirement System of Texas buys ownership stake in a hedge fund

California City Finance: Data, statistics, analyses and articles on California city and county finance

Reuters: Stockton, California’s impact on U.S. muni landscape

Bloomberg: NYC pension costs have risen fivefold since 2002, reform group says

U.S. Bankruptcy Court: Memorandum Opinion on Eligibility of Jefferson County, Alabama Under 11 U.S.C. § 109(C)

Detroit News: As dollars dwindle, so have Michigan police ranks

@Twitter Talk

Bloomberg Government @BloombergGov Bloomberg Government  Extending the Bush tax cuts only for people making under $200,000 a year would cost the U.S. $3.7 trillion over 10 years.

Dept. of Agriculture @USDA Dept. of Agriculture    USDA’s Lisa Pino: We now have 2500 SNAP farmers markets. Triple the number from 2008 and 400% increase in SNAP $$ spent at farmers markets.

SIFMA @SIFMA SIFMA  Reuters says SIFMA Fundamentals of Municipal Bonds is an “excellent general primer on the market”  reut.rs/z9TiRo

Donald van Deventer @dvandeventer Donald van Deventer    According to DTCC in week ending 2/24/2012 there were ZERO CDS trades on US states and municipalities.

Randall Jensen @randalljensen Randall Jensen    National details its $224 million exposure to Stockton  ow.ly/9sC7W

BlackRock® @blackrock BlackRock®   Interest rates on traditional “safe-haven” bonds are at record lows. So what should you do with your money? bit.ly/wh1KsZ

radleybalko @radleybalko radleybalko  Montgomery Co., Texas sheriff’s police drone accidentally crashes into Montgomery Co., Texas sheriff’s police tank.  examiner.com/page-one-in-ho…

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