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Keyword: bankruptcity

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  • Voters in bankrupt San Bernardino sweep old guard from power

    02/06/2014 9:17:29 AM PST · by Beave Meister · 5 replies
    Reuters ^ | 2/5/2014 | TIM REID
    (Reuters) - Residents of bankrupt San Bernardino, California on Tuesday voted to complete a rout of the city's pro-union old guard, electing business-friendly pragmatists who have pledged to try to reduce pension costs and take on vested interests. As San Bernardino enters into a fourth month of mediation with its creditors, the biggest of which is Calpers, California's giant retirement system, voters on Tuesday elected Carey Davis as the crisis-hit city's new mayor. Davis, a businessman and political novice, ran in part on a campaign to reduce the city's pension obligations. In an interview in November, when he became one...
  • Troubled RI city in receivership loses democracy

    01/15/2012 10:28:05 AM PST · by Nachum · 20 replies
    sac bee ^ | 1/15/12 | ERIKA NIEDOWSKI
    CENTRAL FALLS, R.I. -- When the state stepped in to take over financially struggling Central Falls in 2010, Rhode Island's smallest city lost something fundamental: its democratic government. Mayor Charles Moreau would be forced to give back his key to City Hall, and the City Council was relegated to advisory status - unsure for months whether it was even allowed to convene. "They're being governed without elected representation," state Sen. Elizabeth Crowley said of Central Falls' 19,000 residents. "That flies in the face of the democratic principle that our country is founded on, not only our little city. Maybe we...
  • Rep. Dennis Kucinich (D-OH) Throws His Hat Into the 2004 Presidential Election Ring

    01/27/2003 9:33:34 AM PST · by ewing · 135 replies · 344+ views
    The National Journal's Hotline and Politics New Hampshire.com ^ | January 27, 2004 | Chuck Todd and Vaughn Ververs
    Politics New Hapshire.com has learned that Representatve Dennis Kucinich (Democrat-Ohio) sent out a letter to Iowa labor leaders last week saying he will form a Presidential exploratory committee.Sources say that Kucinich will visit Iowa next week and possibly attend two labor conventions there.Politics New Hampshire doesn't have any record of Kucinich trips to New Hampshire.