Category: Municipal bankruptcy

Month in review, January 2015: Part 2, Hello to the future

2 March, 2015 (10:00) | Airbnb, Detroit, Golf, Green space, Month in review, Municipal bankruptcy, Pensions, Public employees, Speculation, Transportation, Urban issues, Urbanization, US News, Zoning | No comments

[Continued from Friday’s Part 1.] By: David A. Smith Although half of January’s post concerned themselves with the unhappy past, the other half looked at the emerging, even disrupted, future, starting with the visible-yet-covert dissolution of urban zoning by Airbnb and its local ‘hosts,’ who are multiplying invisibly, as revealed in Aiding and a-bedding? Part 1, […]

Month in Review, January, 2015: Part 1, Goodbye to the past

27 February, 2015 (10:00) | Airbnb, Detroit, Golf, Green space, Month in review, Municipal bankruptcy, Pensions, Public employees, Speculation, Transportation, Urban issues, Urbanization, US News, Zoning | 1 comment

By: David A. Smith A new year means a new beginning and new resolutions, and 2015’s first post completed the story of Detroit’s financial death-and-rebirth through bankruptcy, though to hear the New York Times tell it, Detroit’s recovery would be A fleeting miracle? Part 2, As long as the city recovers: Public-employee pension funds are […]

Doublethink pension funding: Part 10, “One would think that alert trustees”

16 January, 2015 (10:00) | Actuaries, Bankruptcy, Bonds, Capital markets, Cities, Detroit, Housing, Municipal bankruptcy, Net present value, Pensions, Speculation, US News | No comments

[Continued from yesterday’s Part 9 and the preceding Part 1, Part 2, Part 3, Part 4, Part 5, Part 6, Part 7, and Part 8.] By: David A. Smith It’s merely a question of self-discipline, reality-control. But in the end there won’t be any need even for that. The Revolution will be complete when the […]

Doublethink pension funding: Part 9, “The brains and the nuts and the bolts”

15 January, 2015 (09:00) | Actuaries, Bankruptcy, Bonds, Capital markets, Cities, Detroit, Housing, Municipal bankruptcy, Net present value, Pensions, Speculation, US News | No comments

[Continued from yesterday’s Part 8 and the preceding Part 1, Part 2, Part 3, Part 4, Part 5, Part 6, and Part 7.] By: David A. Smith Was it possible that they could swallow that, after only twenty-four hours?  Syme, too–in some more complex way, involving doublethink, Syme swallowed it. Was he, then, alone in […]

Doublethink pension funding: Part 8, “A battle over retiree votes”

14 January, 2015 (09:00) | Actuaries, Bankruptcy, Bonds, Capital markets, Cities, Detroit, Housing, Municipal bankruptcy, Net present value, Pensions, Speculation, US News | No comments

[Continued from yesterday’s Part 7 and the preceding Part 1, Part 2, Part 3, Part 4, Part 5, and Part 6.] By: David A. Smith If you want to keep a secret, you must also hide it from yourself. George Orwell, 1984 When perpetuating a big lie, such as the doublethink empire of public-employee pension-fund […]