Nov
21
Morning Agenda: Dallas Bankruptcy Threat, Italy’s Crisis, Change in the Air
By
Michael S. Rawlings, the mayor of Dallas, said this month that his city appeared to be “walking into the fan blades” of municipal bankruptcy. CreditCooper Neill for The New York Times
The scenario: elected officials promising workers nice pensions based on wishful thinking. Sound familiar?
It is a problem faced across the United States, and the next victim could beDallas. The city’s mayor said it appeared to be “walking into the fan blades” of municipal bankruptcy.
Its pension fund for police officers and firefighters is near collapse and is seeking an immense bailout…
Morning Agenda: Dallas Bankruptcy Threat, Italy’s Crisis, Change in the Air
