Here are the best tweets with the #muniland hashtag for July 7, 2014:
A Historic picture for all our history minded followers. This is an aerial shot of Tappan Zee Plaza late 1955. Cool pic.twitter.com/u87FuNPpbp
Here are the best tweets with the #muniland hashtag for July 3, 2014:
Macro economic stories:
Labor Statistics Being Watched by the Fed pic.twitter.com/M2WNLkK5yF
— Michael McDonough (@M_McDonough) July 3, 2014
People Not In Labor Force Rise To New Record, Participation Rate Remains At 35 Year Lows http://t.co/RS4oZ8op9L
The news flow from Puerto Rico has become a whirling inferno since the government passed legislation last week to allow some of the Commonwealth’s public corporations to default.
The New York Times has chronicled the SEC’s investigation into whether New Jersey Governor Chris Christie forced the New York/New Jersey Port Authority to pay for $1.8 billion in improvements to the Pulaski skyway without properly disclosing it to bondholders. Allegedly, Christie’s rationale was that the Pulaski was an “access” road leading to a Port Authority tunnel. It appears that Christie’s Port Authority lieutenants were scheming to radically raise tolls to pay for it.
Here are the best tweets with the #muniland hashtag for June 30, 2014:
Excellent Reuters Insider video of last week’s events in muniland:
In a dazzling effort, Puerto Rico Governor Alejandro Garcia Padilla presented legislation to restructure the debt of several public corporations. Both the Puerto Rico Senate and House approved the measure and pushed it to conference where statutes require that it be reconciled by the end of the legislative session on June 30. Seldom have financial markets seen such an elegantly choreographed approach to haircutting sovereign debt.