Category: Alabama

Month in Review: January, 2014

21 February, 2014 (09:00) | Alabama, Bonds, Chicago, China, Detroit, Immigration, Jefferson County, Month in review, Municipal bankruptcy, Pension liabilities, Remittances, Saudi Arabia |

[Previous Months in Review available here: Dec 13, Nov 13,  Oct 13, Sep 13, Aug 13  Jul 13 Jun 13  May 13, Apr 13, Mar 13, Feb 13, Jan 13.]]    By:David A. Smith   Here in America, we just experienced the coldest January for a century, perhaps a fitting metaphor for a winter of […]

Twenty years into the muck hole: Part 2, Bad luck, it’s got to land on somebody

22 January, 2014 (09:00) | Alabama, Bonds, Cities, Infrastructure, Jefferson County, Municipal bankruptcy, Municipal bonds, Orange County California, Proposition 13, Sewer systems, US News |

  [Continued from yesterday’s Part 1.] By:David A. Smith Categories: Alabama, bonds, cities, infrastructure, Jefferson County, municipal bankruptcy, municipal bonds, Orange County California, Proposition 13, sewer, US news As we saw yesterday, Jefferson County’s bankruptcy was 18 years in the making, and 2 years in the doing, and the road to ruin and then redemption […]

Twenty years into the muck hole: Part 1, I want to talk some sense to him

21 January, 2014 (09:00) | Alabama, Bonds, Cities, Infrastructure, Jefferson County, Municipal bankruptcy, Municipal bonds, Orange County California, Proposition 13, Sewer systems, US News |

By:David A. Smith   While writing my magnum opus of Jefferson County’s pilgrim’s progress   through bankruptcy to reorganization and exit, I of course became totally absorbed in reading old newspaper articles, and came upon one, from Bloomberg (November 10, 2011) the day right after the filing, that is an unexpected gem for both its jumbled history of […]

‘Til death do us part, and not even then: Part 3, what freedom is about

14 November, 2013 (09:00) | Alabama, Cemetery, Cities, Eminent domain, Housing, Land use, Law, Local issues, Property rights, US News, Zoning |

By:David A. Smith   [Continued from yesterday’s Part 2 and the preceding Part 1.]   After James Davis buried his wife in a tasteful, proper casket and grave in the front yard of the house that he had lived with her and cared for her until her 2009 death, as reported in the New York Times […]

‘Til death do us part, and not even then: Part 2, gravesites here all over the place

13 November, 2013 (09:00) | Alabama, Cemetery, Cities, Eminent domain, Housing, Land use, Law, Litigation, Local issues, Property rights, US News, Zoning |

By:David A. Smith   [Continued from yesterday’s Part 1.]   Yesterday’s post introduced us, via a New York Times (October 22, 2013) summary article,  to stubborn faithful James Davis of Stevenson, Alabama, who buried his wife in the couple’s front yard, an action for which he foolishly requested city council permission (when in my view […]