Category: Municipal bankruptcy

Month in Review: June, 2015

17 July, 2015 (10:00) | Bankruptcy, California, CalPERS, Delhi, Greece, India, Municipal bankruptcy, Olympics, Pollution, Public-employee pensions, Stockton, Urbanization, US News | No comments

By: David A. Smith Thought of the day, courtesy of my most faithful reader: If Vladimir Putin hadn’t wasted $50 billion (yup, billion) creating the instant-white-elephant of Sochi’s Olympics, he would have had the cash to buy Greece out of its difficulties and dramatically upset the European applecart. ”So, Vlady, you got that fifty extra-large […]

Month in Review: May, 2015

26 June, 2015 (10:00) | Blogs, Boston, CalPERS, England, Essential posts, Month in review, Municipal bankruptcy, NIMBY, Parking, Stockton, United Kingdom, Workforce housing, Zaatari | No comments

By: David A. Smith There’s never a straight man in Monty Python — even if one character appears relatively sane, that illusion will shortly be upended.  Too much bull? Similarly, voters in England who might reject the Monster Raving Loony Party could have hoped that among the remainder – Conservatives, Labour, Liberal Democrats – there […]

The curse of the Gray PERL: Part 9, “CalPERS has bullied its way about with an iron fist”

19 June, 2015 (10:00) | Bankruptcy, California, Federal supremacy, Law, Municipal bankruptcy, Politics, Public-employee pensions, Speculation, Stockton, US Constitution, US News | No comments

 By: David A. Smith [Continued from yesterday’s Part 8 and the preceding Part 1, Part 2, Part 3, Part 4, Part 5, Part 6, and Part 7.] Finally, with all the proximate bankruptcy facts (explained in detail in Stockton Judge Christopher Klein’s bankruptcy decision and opinion In re City of Stockton) cleared away – Franklin […]

The curse of the Gray PERL: Part 8, “Promises of higher pensions to get through labor negotiations”

18 June, 2015 (10:00) | Bankruptcy, California, Federal supremacy, Law, Municipal bankruptcy, Politics, Public-employee pensions, Speculation, Stockton, US Constitution, US News | No comments

 By: David A. Smith [Continued from yesterday’s Part 7 and the preceding Part 1, Part 2, Part 3, Part 4, Part 5, and Part 6.] Yesterday’s post having concluded with a Sidebar of Outrage over CalPERS’s exploitation of the duress cities found themselves in after Proposition 13 (explained from material in Stockton Judge Christopher Klein’s […]

The curse of the Gray PERL: Part 7, “CalPERS says the city would owe it $1.6 billion”

17 June, 2015 (10:00) | Bankruptcy, California, Federal supremacy, Law, Municipal bankruptcy, Pensions, Politics, Public-employee pensions, Speculation, Stockton, US Constitution, US News | No comments

 By: David A. Smith [Continued from yesterday’s Part 6 and the preceding Part 1, Part 2, Part 3, Part 4, and Part 5.] Now readers fully understand, as laid out by Stockton Judge Christopher Klein’s bankruptcy decision and opinion (In re City of Stockton), CalPERS’ unique position under California law.  CalPERS had a position so […]