Posts Tagged ‘Bankruptcy Series’

Bankruptcy Series: What are the alternatives to bankruptcy?

Monday, November 12th, 2012

Editor’s Note: This is the Ninth in a CalWatchDog.com Special Series of in-depth articles on municipal bankruptcy. Nov. 12, 2012 By Tori Richards It was 1975 and New York City was running out of cash. Its excessive spending and lack of financial oversight created a $14 billion debt, with more...

Bankruptcy Series: Cities on a future spending spree

Friday, November 9th, 2012

Editor’s Note: This is the eighth in a CalWatchDog.com Special Series of in-depth articles on municipal bankruptcy. Nov. 9, 2012 By Wayne Lusvardi Are the staggering forecasted public pension obligations facing state and local governments in California the result of overspending or under-taxa...

Warning for CA: Harrisburg confronts bankruptcy

Tuesday, April 17th, 2012

Editor’s Note: This is the seventh in a CalWatchDog.com Special Series of 12 in-depth articles on municipal bankruptcy. In a warning for California, it examines the bankruptcy of Harrisburg, Pa. April 17, 2012 By Tara Leo Auchey What happened in Harrisburg, Pa.? One day there was nothing but mu...

Special Series: The pros and cons of municipal bankruptcy

Thursday, April 12th, 2012

Editor’s Note: This is the sixth in a CalWatchDog.com Special Series of 12 in-depth articles on municipal bankruptcy. April 12, 2012 By Tori Richards What’s better for a cash-strapped municipality: filing for bankruptcy or struggling to survive without any clear solution to a massive deficit?...

Special Series: California counties are more at risk of going belly up

Wednesday, April 11th, 2012

Editor’s Note: This is the fifth in a CalWatchDog.com Special Series of 12 in-depth articles on municipal bankruptcy. April 11, 2012 By Wayne Lusvardi There are many California cities likely to be facing future stress to their operating fund budgets because of rising public pension obligations....

Special Series: Bond Holders Seek Governmental Transparency

Tuesday, March 20th, 2012

Editor’s Note: This is the fourth in a CalWatchDog.com Special Series of 12 in-depth articles on municipal bankruptcy. MARCH 20, 2012 By DAVE ROBERTS Once upon a time buying a municipal bond was considered a safe bet. A decent rate of return with little risk ­-- just the thing for junior's col...

Special Series: Local Governments Face Bankruptcy Quandary

Friday, March 16th, 2012

Editor’s Note: This is the third in a CalWatchDog.com Special Series of 12 in-depth articles on municipal bankruptcy. MARCH 16, 2012 By JOHN SEILER Bankruptcy is the boogeyman haunting governments across America. It’s not a question of if more cities will file for bankruptcy, but how many. T...

Special Series: Broke Municipalities Look to Bankruptcy Option

Friday, March 9th, 2012

Editor’s Note: This is the second in a CalWatchDog.com Special Series of 12 in-depth articles on municipal bankruptcy. MARCH 9, 2012 By STEVEN GREENHUT Economist Allan Meltzer once quipped that “Capitalism without failure is like religion without sin. It doesn’t work.” Americans have been...

Special Series: Bankruptcy Didn’t Make the Sky Fall In Orange County

Tuesday, March 6th, 2012

Editor's Note: This is the first in a CalWatchDog.com Special Series of 12 in-depth articles on municipal bankruptcy. MARCH 6, 2012 BY CHRIS REED Overwhelmed by enormous unfunded liabilities for retired employees’ pensions and health care, local governments throughout California are incr...