Førte til at byen brøt loven da den vedtok å gå konkurs.
Harrisburg, som er hovedstaden i den amerikanske staten Pennsylvania, gikk i midten av oktober til den amerikanske skifteretten og ba om frivillig kreditorbeskyttelse under reglene i kapittel 9 i den amerikanske konkurslovgivningen. Dette er en spesialregel som kun kan benyttes av amerikanske kommuner som trenger hjelp med å få restrukturert gjelden.
Michael Spence, professor at New York University’s Stern School of Business and winner of the 2001 Nobel Prize in economics, believes there's "probably a 50 percent" chance of the global economy slipping into recession. Noriel Roubini disagrees and, given the accuracy of his predictions, that is scary. He says flatly that a recession is coming and that it is a mission impossible now to stop it. The Philadelphia Federal Reserve Bank places the odds at 85 percent of a recession. Peter Schiff, who with Roubini, correctly and accurately predicted the collapse on Wall Street and ensuing recession, thinks one is 100 percent certain.
While some investors are buying, others don't like the uncertainty of municipal bonds.
Is it time to be worried about municipal bonds, or have the recent negative headlines created a buying opportunity in this usually sleepy asset class?
Poster $unshine , a seller of munis seven months ago, has been scooping them up recently, even for tax-advantaged accounts. "I purchased selected closed-end funds during the frenzy following the Whitney report. I have even purchased some close-end funds for my IRA, as the rate of return is higher and safer than REITs."
CLEARWATER, Fla. - The Western Michigan softball team dropped its second one-run game of this young 2011 season, falling to Central Connecticut State, 2-1, during the Broncos first game on Saturday at the USF Invitational. WMU ran into the fifth-ranked team in the country in its second game of the day, falling to Alabama, 12-4, in six innings.
Fortunes plundered, ransoms paid, deals cut — the uncovering of such secrets, and the million smaller confidences that are his history, have made Mr. Kroll a rich man.
It was nearly 40 years ago, when he practically invented the business known as corporate intelligence, that he first came to the attention of crafty boardrooms. At a time when “private eye” still conjured images of cheating spouses and seedy hotels, Mr. Kroll built a sort of private C.I.A. and went corporate. If a Fortune 500 company or an A-list investment house wanted the dirt, it hired Kroll Inc. to dig it up.
