MuniLand Snaps: July 3
Happy 4th of July! Listen to an archival recording of Senator John F. Kennedy reading the Declaration of Independence in its entirety. It was made for New York radio station WQXR’s 1957 July 4th observance (via LearnOutAloud.com).
CBO: Estimates for the insurance coverage provisions of the Affordable Care Act
Stateline: Why are welfare rolls flat, while the food stamp program grows rapidly?
Moody’s: Moody’s proposes adjustments to U.S. public-sector pension data
NYT: Probation fees multiply for poor as companies profit
Comptroller John Chiang: Database: Compensation in California Special Districts by name
SacBee: California legislators send Jerry Brown a foreclosure relief bill
LAT: Mammoth Lakes files for bankruptcy
GovTech: Delaware first to approve online gambling
The White House needs to replace the term “shovel-ready” to promote true infrastructure investments in the next stimulus request.
— Ivan the K (@IvanTheK) July 2, 2012
Citi: muni market mostly supported by inst’l investors right now. Large issues with 5% coupons fine, but weak sponsorship on small issues — Taylor Riggs (@TaylorRiggs_BB) July 2, 2012
RT @taylorriggs_bb: another reason to take shelter in munis=avoid the addition 3.8% tax on investment gains starting next year:…
— LearnBonds.com (@LearnBonds) July 2, 2012
New Muni Bonds = $191.7BB so far 2012. Up 69% from 1st half’11. 63% from refinancings due to lowest ever interest rates, says Reuters.
— BondUnderwriter (@bondunderwriter) July 3, 2012