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Public employee pensions: Some contracts are more sacred than others

Third in a series on public pensions. The first is here and the second here. Oct. 5, 2012 By Mark Cabaniss On Wednesday, the city of Atwater declared a fiscal emergency, putting it on the path to become the fourth California city

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Breaking public-employee pensions: The political path

Second in a series on public pensions. The first is here. Sept. 27, 2012 By Mark Cabaniss In taking on the California pension problem, the first step is dispelling some large, tenacious and commonly held illusions. The first illusion is

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Now Atwater teetering toward bankruptcy

Sept. 27, 2012 By Chriss Street Atwater, Calif. just admitted it does not have the cash flow to make a $2 million municipal bond payment due in November. It may become the fourth local California government to file for Chapter

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