Archive for the ‘State and Municipal Finance’ Category

California High-Speed Train Derailed. Willie Brown Explains Why It Will Succeed.

California’s high speed train project has been plagued by delays and political opposition. Friday it ran into a big speed bump when a judge ruled that the project failed to comply with the terms of the ballot initiative which authorized the project. A Sacramento Superior Court judge delivered a major rebuke to the California bullet [...]

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Fiscal Cliff Realities

Well Christmas Day is winding down and you know what that means, yep back into the fiscal cliff mania tomorrow morning. Turn on Squawk Box in the morning and you can bet the lead story is going to be whether the politicians are all flocking back to Washington to clean up the mess or sitting [...]

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The State Bankruptcy Debate

Felix Salmon has a very good post on the discussion about state bankruptcies. He points out, correctly, that the states have adequate tools to deal with their problems and that should they ever get the right to avail themselves of a bankruptcy solution the exercise of that option would spell disaster for all municipal borrowers. [...]

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Will We Be Able To Grow Out Of Our Current Problems

James Pethokoukis recently ran a post about the prospects for Obama’s reelection. He excerpted a rather poignant piece from an article by John Ellis. In the article, which I recommend you read in its entirety, Ellis goes through the conventional logic of why Obama will most likely win another term and then suggests an alternative [...]

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Steve Jobs As A Ninja And Other Thoughts

Not much time to post this past week, so here are some things that caught my eye along the way. Housing The emerging consensus seems to be that while the government can keep shooting bullets at the housing market for as long as they care to throw away tax payer dollars, their efforts are likely [...]

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L.A.’s Monument To Government Excess

This is one of those things that makes you want to cry. From the WSJ: At $578 million—or about $140,000 per student—the 24-acre Robert F. Kennedy Community Schools complex in mid-Wilshire is the most expensive school ever constructed in U.S. history. To put the price in context, this city’s Staples sports and entertainment center cost [...]

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