MuniLand Snaps: April 17
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!
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
Lucy @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 DePaul @BondBuyerJen From Stateline: Few states study the impact of costly tax breaks http://shar.es/rch8y