Trending: Hard times for small cities
Pennsylvania state capital declares bankruptcy
AFP, October 12, 2011
Pennsylvania’s state capital Harrisburg has declared bankruptcy, according to a court filing seen Wednesday, a rare move that raised the specter of a string of local government defaults.
A City Forced to Turn Out the Lights
Atlantic Cities, October 12, 2011
As cities face continued fiscal troubles, this isn’t the last we’re likely to see of this sort of drastic cost-cutting: the dark financial straits cities face mirrored by their darkened streets.
White House plan for infrastructure bank ‘dead on arrival’
The Hill, October 12, 2011
President Obama’s national infrastructure bank is dead on arrival, the Republican chairman of the House Transportation Committee said Wednesday. At a hearing ostensibly held to discuss the merits of the bank, Rep. John Mica (R-Fla.) ridiculed the proposal as something that would cost more jobs than it would create.