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Investigative Reports

Stockton leads tsunami of Calif. bankruptcies

August 27th, 2012 By admin. Aug. 27, 2012 By Troy Anderson During Vallejo’s bankruptcy, which began in 2008, the city cut the number of police in half rather than deal with the “pension problem.” Now, a somewhat similar scenario is playing out in Stockton, a city of 292,000 east of San Francisco that recently displaced Vallejo as the nation’s largest city to declare bankruptcy. Rather than trim genero...

Federal Reserve warns, Calif., other municipal bonds very risky

August 20th, 2012 By admin. Aug. 20, 2012 By Chriss Street Last week, we first reported first that "Permanent Link to Calif. sales tax revenue nosedives 33.5%," then that "Moody’s warns of mass Calif. municipal bankruptcies." During the Great Recession of the last four years, the California private sector was forced to slash employment and infrastructure spending, but the public sector made only modest cutbacks....

Is California the next Detroit?

August 14th, 2012 By admin. Aug. 14, 2012 By Robert J Cristiano, Ph.D. Most Californians live within about 50 miles of its majestic coastline -- for good reason. The California coastline is blessed with arguably the most desirable climate on Earth, magnificent beaches, a backdrop of snow-capped mountains and natural harbors in San Diego, Long Beach and San Francisco. There is no mystery why California’s populatio...

Park fund scandal a ruse to grab gas tax funds from off-roaders

August 6th, 2012 By admin. Aug. 6, 2012 By Wayne Lusvardi The first wisdom of politics is that things often are not what they seem.  This appears to be the case with the much ballyhooed report that former California State Parks Director Ruth Coleman “hid” $54 million in the off-road vehicle recreation special fund. A scandal broke out based on reports that the state was too broke to keep open 70 state park...
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