Tag "Richard Riordan"

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Bankruptcy no panacea for pensions

Aug. 20, 2012 By Steven Greenhut SACRAMENTO – Municipal bonds have long been among the safest investments, but a coming wave of municipal bankruptcies in California — and the disturbing way one of those cities is stiffing its bondholders —

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Los Angeles teeters on the brink of bankruptcy

April 30, 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.

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