MuniLand

I’m on the radio! Thanks to Pat Morrison of Southern California Public Radio KPCC for inviting me to a roundtable on how the San Bernardino bankruptcy is looking much worse than Stockton’s.

Good Links

Business Insider: 32 reasons why we need to end the war on drugs

WaPo: Medicaid expansion a tough sell to governors of both parties

Reuters: Most U.S. muni tobacco bonds will default – Moody’s

Pew States.org: Pennsylvania struggles to help its weakest cities

CSM: Cities going broke: Can Scranton’s minimum wage plan work?

Reuters: U.S. 30-year municipal bond yield falls to record low – MMD

WSJ: Quirks of bond indexing

@Twitter Talk

Evidence the public sector is shrinking: Government #construction spending plummets to a 7-year low bit.ly/NOEwhS

— GOVERNING (@GOVERNING) July 12, 2012

Strong and Steady for muni calendar. Here is next week’s deal calendar: bit.ly/Mnistw #muniland #munis — IpreoMuni (@IpreoMuni) July 12, 2012
 

CFTC estimates that around 125 firms will be reporting their swaps trades to repositories by September.

— Virginie O’Shea (@virginieoshea) July 11, 2012

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CA controller John Chiang on more bankruptcies after San Bernardino. "No contagion yet but there is great concern" on.ft.com/NjSb2e

— Matthew Garrahan (@MattGarrahan) July 12, 2012

Receiver takes Harrisburg City Council to court over its refusal to hike earned income tax: pennlive.com/midstate/index… via @pennlive — PA Independent (@PAindependent) July 11, 2012