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Little Hoover: More CA city bankruptcies loom

November 14, 2012 By admin. Nov. 14, 2012 By Dave Roberts “Are your cities going to make it for five years?” asked Little Hoover Commission Chairman Daniel Hancock at the recent commission hearing on pension and infrastructure financing. “That’s a good question,” responded Dwight Stenbakken, deputy executive director of the League of California Cities. California’s cities are being eaten alive by e...

Bankruptcy series: The Road Ahead

November 14, 2012 By admin. Editor’s Note: This is the 11th in a Special Series of in-depth articles on municipal bankruptcy. Nov. 14, 2012 By Chriss Street Up through September 2011, Wall Street underwriters, bond counsels and other assorted securities industry camp followers were gloating over the supposed failure of predictions in late 2010 by Meredith Whitney and me that there would be a ...

Cancel the kitchen scraps for Republicans

Cancel the kitchen scraps for Republicans
November 14, 2012 By Katy Grimes. Nov. 14, 2012 By Katy Grimes It appears that the majority of California voters are getting even. But this begs the question: With whom? The 2012 election was disastrous for Californians who support a free market, private-property rights, limited government and individual liberties. Labor unions won nearly everything they wanted. Now it appears that the "fix" is in on California, a...

Los Angeles teeters on the brink of bankruptcy

November 13, 2012 By admin. Editor’s Note: This is the Tenth in a Special Series of in-depth articles on municipal bankruptcy Nov. 13, 2012 By Brian Calle Taxpayers in Los Angeles are facing a major crisis if Mayor Antonio Villaraigosa and other officials do not begin to address the systemic, structural issues putting the city on the fast track to economic upheaval. The situation is similar t...
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