MuniLand

Richard Florida of the Atlantic Cities has done a wonderful job chronicling the rebirth of Detroit. Only time will tell if what he is documenting is just clusters of economic activity or whether it is broad-based enough to stabilize the city and its tax base. He is well worth a follow.

Good Links

Reuters: Edward Hadas: What to do about debt

Newsweek: Paul Begala: The right hates spending, unless it pockets the cash

CRR: The funding of state and local pensions: 2011-2015

Reuters: SEC redefines “sophisticated” in the municipal market

Bond Buyer: Excellent article about online retail municipal bond platforms and the MSRB

Learn Bonds: New municipal bond offerings spreadsheet

Bloomberg: California note sale may top $10 billion, Chiang says

Chicago Tribune: Chicago drivers endure more abuse from parking meter privatization

The Record: Wells Fargo can take new City Hall building in Stockton, California

@Twitter Talk

See home price indices for major cities in your part of the country bit.ly/KOypuo

— St. Louis Fed (@stlouisfed) May 30, 2012

“It wasn’t that many years ago that walkable urban places had price penalty associated with them, not a price premium” bit.ly/N3eCHq — Cate Long (@cate_long) May 30, 2012

there is no saving “face” from the poor budget news coming from the left coast – a large swath of the U.S. economy will now slow as a result

— Michael Pietronico (@MillerTabak) May 30, 2012

Record tax hike isn’t fixing Illinois’ problems chicagotribune.com/news/local/ct-… — Tim Maniccia (@tmaniccia) May 28, 2012

Texas schools see big money in electronic tracking of students: tpm.ly/LFohS0

— Talking Points Memo (@TPM) May 30, 2012