MuniLand Snaps: July 16
Public service announcement from the New York City Department of Transportation: Come take part in the fifth annual Summer Streets! On Aug. 4, 11 and 18 from 7 a.m. to 1 p.m., nearly seven miles of New York City’s streets will be opened up for everyone to play, run, walk and bike.
IMF: Great Recession and fiscal squeeze at U.S. subnational government level
NYT: Calculated deal in a rate-rigging inquiry
Bloomberg: U.S. municipal bond trading volume falls by 10.4 percent in first half
Houston Chronicle: Local agencies in Texas could “deal directly with the feds to expand Medicaid”
SacBee: Dan Walters – California just as insolvent as bankrupt cities
Reuters: Political feuds, denial drove San Bernardino to bankruptcy
Bond Buyer: California dazed and confused over mounting Chapter 9 filings
Boston Review: A municipal bankruptcy, in pictures
— Cato Institute (@CatoInstitute) July 12, 2012
the oracle is doubling down with his thesis on a “terrible problem” in muniland….his worst call of his career as muni returns beat stocks
— Michael Pietronico (@MillerTabak) July 13, 2012
@TaylorRiggs_BB no. Most gov’t officials (this one anyway) consider Bankruptcy last option and most times no option.
— Emily Evans (@EmilyNEvans) July 13, 2012
Getting ready for a Harrisburg-themed Bastille Day Party. There’s a drink on the menu called The Incinerator. Anyone in the mood for revolt?
— Tara Leo Auchey (@todaysthedayHBG) July 14, 2012