Since the recession, the value of derivatives outstanding has grown, and they remain very risky with the potential for large, unpredictable losses.
Municipal Government
Why Parking in Cities Should Be Way More Expensive
Here’s an idea that’ll probably be about as popular with drivers as 20 blocks of gridlock traffic.
Do We Have Another Financial Bubble On Our Hands? Or Three?
Multiple debt markets are facing big trouble because of excessive borrowing and the Fed’s easy-money policies.
How Bad Is America’s Pension Funding Problem?
Unfunded liabilities in pension funds are just as onerous as other kinds of debt. Such liabilities now total more than $2.5 trillion and are growing at a rapid pace.
New Orleans Mayor on the Lessons Learned from Hurricanes Isaac, Katrina
Less than two weeks ago New Orleans Mayor Mitch Landrieu was nervously eyeing the Gulf of Mexico, worried that Tropical Storm Isaac might balloon into a Category 3 hurricane and barrel straight for New Orleans on the seventh …
The State Willing to Pay Big Bucks to Attract New Workers
Around the nation, states struggling with stubbornly high unemployment rates face the problem of having too few jobs for all the able-bodied workers. But a few states in the Midwest face a different problem, one that places stuck …
Every American Is Experiencing a Different Economy
You don’t have a real economic recovery until the majority of Americans are participating — and right now they aren’t
Is Stockton the Start of a Rash of Municipal Bankruptcies?
State and local borrowing amounts to only a fraction of the national debt, but while the scale may be smaller, the financial crises are much, much closer.
Detroit Runs Risk of Going Broke If Lawsuit Persists, Mayor Says
The Motor City, embroiled in a conflict between its mayor, city council and city attorney is experiencing the latest chapter in a seemingly unending fiscal drama
