MuniLand

Detroit Mayor Dave Bing gave his 2012 State of the City address last Wednesday. There are very trying times ahead for Mayor Bing and Detroit.

Good Links

FT: A hard slog in the foothills of debt

Reuters: Riches to rags for Spanish towns

Reuters: Board closer to dumping “NRO” for U.S. muni prices

FT: Demand high for Illinois bonds despite woes

CNE Blog: Puerto Rico’s Budget Deficit: an Independent Assessment

@Twitter Talk

@tmaniccia Tim Maniccia BLS- 45 states & DC recorded unemployment rate decreases in Jan, NY posted an inc & 4 states had no change. bls.gov/news.release/l…

@federalreserve Federal Reserve   Welcome to the official Twitter channel of the Board of Governors of the Federal Reserve System.

@coopnytimes Michael Cooper   After all the tough talk, Governor Cuomo bows to the Legislature, and lets them draw their own districts: nyti.ms/xUNYCe

@MSRB_News MSRB    MSRB Requests Comment on Prohibiting Not Reoffered Designation In Connection with New Issues of Municipal Securities msrb.org/News-and-Event…

@foxjust Justin Fox   Andy Haldane gave another fascinating speech today. “Towards a common financial language” http://t.co/YFTPPlTY

@tmaniccia Tim Maniccia Williamson County is one of the most indebted counties in TX, trailing only Bexar and Harris in overall debt.statesman.com/news/statesman…

@edithhonan Edith Honan ”Next year every penny in personal income tax we collect will go to cover our pension bill – and we’ll still be short”- NYC’s Bloomberg

@melissamaynard Melissa Maynard Great story from @maggieclark320 about NY’s new approach to juvenile justice.  stateline.org/live/details/s…

@lisafleisher Lisa Fleisher   WSJ editorial page on NJ taxes & Senate President Sweeney dropping millionares tax “There is hope for a change”on.wsj.com/w4hZp0