MuniLand Snaps: April 17

By Cate Long
April 17, 2012

From Philly.com:

The newsroom of the Philadelphia Inquirer erupts as the news breaks that the paper has won the 2012 Pulitzer Prize for public service journalism, the highest honor in U.S. journalism. They won for their “Assault on Learning” series. The seven-part series revealed that violence in city schools was widespread and underreported, with 30,000 serious incidents over the last five school years. Those findings were later corroborated by a Philadelphia School District blue-ribbon panel on safety, spurred an overhaul of incident reporting in the district, and prompted the hiring of a state-funded safe-schools advocate.

Cheers to the Philadelphia Inquirer and all other finalists!

Good Links

The Economist: Bankers and the public sector may both be enemies of growth

Philly Fed: Rebuilding older communities conference

Reuters: Sales taxes up in most U.S. states in March: survey

Reuters: Big Tobacco pays states $6.5 billion, unchanged from 2011

Investment News: The road is a little rockier for muniland

MAGNY: Member Presentations: Default and bankruptcy

Gaetan Lion: What happened in muniland since Meredith Whitney’s December 2010 report?

Seeking Alpha: Touring the muni bond ETF universe
@Twitter Talk

LucyLucy  @lizzie363 Grover Norquist is part of the problem. Effective corporate tax rates in US for 2011 was 12.1% lowest since 1972. 1/2 Rate of 1987-2008.
Jen DePaulJen DePaul  @BondBuyerJen From Stateline: Few states study the impact of costly tax breaks http://shar.es/rch8y

John KiffJohn Kiff  @Kiffmeister Historical empirical evidence suggests that issuer-pay credit ratings are higher than investor-pay ratings http://ow.ly/aeEgt

Ted NesiTed Nesi @tednesi @EngageRI isn’t backing Chafee’s municipal bills, but RI Statewide Coalition is – “The package is significant because it’s comprehensive.”

PensionFactsPensionFacts  @PensionFacts Thunder, lightning keep interrupting CA lawmakers in Chino discussing how to circumvent collective bargaining to cut pensions #ItsASign
Roxbury News Roxbury News ‏ @RoxburyNews Monetization of HBG’s assets. Process carries on w/help of McKenna Long & Aldridge and Public Resource Advisory Group:  http://bit.ly/HGfXUf
Otis WhiteOtis White  @OtisWhite “How about zero”: A grandstanding city council member asks the public to rate him. And did they ever. http://owl.li/akBFI
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