Category: Municipal bankruptcy

Vote bankruptcy in 2016!

8 February, 2016 (10:00) | Bankruptcy, Chicago, Cities, Homeownership, Housing, Municipal bankruptcy, Politics, Public-employee pensions, Rahm Emanuel, Speculation, US News | No comments

By: David A. Smith   When you don’t pay your electric bill, the company shuts off the power.  When you exhaust your credit card, the company cuts you off.  And when you’re unable to prepay old bond issues, this becomes a problem for you only if you cannot sell new bond issues.  And that is […]

Month in Review, December, 2015: Part 2, Housing-fueled disturbance abroad

12 January, 2016 (10:00) | Cities, Eminent domain, Global news, Government, Homeownership, Housing, Islamic finance, Land, Month in review, Municipal bankruptcy, Municipal finance, Pagedale, Real estate taxes, Saudi Arabia, sharia, Speculation, Taxation, US News | No comments

By: David A. Smith [Continued from yesterday’s Part 1.] As shown in yesterday’s first half of the month-in-review, though housing is seldom the flashpoint for urban unrest, it is the source of urban pressure, for it is pervasive, and a failing housing ecosystem simmers and bubbles frustration that touches every household.  Extended failure to solve […]

Month in Review, December, 2015: Part 1, Housing-fueled disturbance at home

11 January, 2016 (10:00) | Cities, Eminent domain, Global news, Government, Homeownership, Housing, Islamic finance, Land, Month in review, Municipal bankruptcy, Municipal finance, Pagedale, Real estate taxes, Saudi Arabia, sharia, Speculation, Taxation, US News | 1 comment

By: David A. Smith Pagedale, Missouri, and Riyadh, Saudi Arabia may seem unlikely peers, but aside from dividing up my entire December’s posts (a whopping 15 parts for Pagedale, a mere 8 for Saudi Arabia), the two stories dove to the depths they did because they both demonstrate, in different ways, just how hard is […]

Fine for you but not fine for me: Part 15, I can certainly encourage it

18 December, 2015 (10:00) | Bankruptcy, Cities, Due process, Eminent domain, Fines, Government, Homeownership, Housing, Law, Local issues, Missouri, Municipal bankruptcy, Municipal finance, Pagedale, Real estate taxes, Taxation, US News | No comments

By: David A. Smith [Continued from yesterday’s Part 14 and the preceding Part 1, Part 2, Part 3, Part 4, Part 5, Part 6, Part 7, Part 8, Part 9, Part 10, Part 11, Part 12, and Part 13.] Yesterday’s post ended with Greendale Mayor Monica Huddleston claiming that efforts to reform municipal courts amounted […]

Fine for you but not fine for me: Part 14, Some of the 60 police departments

17 December, 2015 (10:00) | Bankruptcy, Cities, Due process, Eminent domain, Fines, Government, Homeownership, Housing, Law, Local issues, Missouri, Municipal bankruptcy, Municipal finance, Pagedale, Real estate taxes, Taxation, US News | No comments

By: David A. Smith [Continued from yesterday’s Part 13 and the preceding Part 1, Part 2, Part 3, Part 4, Part 5, Part 6, Part 7, Part 8, Part 9, Part 10, Part 11, and Part 12.] The Queen of Hearts notwithstanding, before the sentence must come the verdict, and before the verdict must come […]