MuniLand

It’s National Train Day tomorrow, and Amtrak is riding the rails. All aboard!

Good Links

Reuters: Bernanke warns lawmakers on looming fiscal risks

USA Today: Study: Economic mobility depends on the state you live in

Bloomberg: States borrow to cover pension fund shortfalls

Bond Buyer: MSRB cites cases that show need for better dealer fair-dealing

Morningstar: Another good analysis of how muniland has a lot more credit risk now

Reuters: Weekly U.S. muni fund inflows more than double – Lipper

Washington Monthly: Paying the toll for bridging the great divide

@Twitter Talk

Next week, not-for-profit hospitals to again face question from Congress: Do they deserve their tax exemptions? j.mp/J2UXcW

— Dan Diamond (@ddiamond) May 11, 2012

Set in a groove as numbers mirror previous weeks. Here is next week’s muni calendar: bit.ly/KOvkHt #muniland #munis — IpreoMuni (@IpreoMuni) May 10, 2012

truly the end of an era. what an amazing guy in #muniland. Austin Tobin has passed: bondbuyer.com/news/obituary-… — Taylor Riggs (@TaylorRiggs_BB) May 10, 2012

Cuomo moving to fire almost 200 state workers for abusing or neglecting disabled people in their care nydn.us/Jzbp2y

— Rachel Barnhart (@rachbarnhart) May 10, 2012

SEC files suit against former Detroit mayor for “brazen influence-peddling and betrayal of the public trust” huff.to/JzsAhZ #pensions — Pension Dialog (@PensionDialog) May 10, 2012

Broke Arizona town wastes nearly 10% of annual budget subsidizing professional hockey: is.gd/HD5SoA — Matt Welch (@mleewelch) May 10, 2012

2nd time n 3 days heavily dominated GOP Leg speeds over a Repub: guy w/tire marks is Gov Robert Bentley #alpolitics twitter.com/birmingham_new…

— Chuck Dean (@BhamnewsDean) May 11, 2012