Few non-Californians pay much attention to the goings-on in Stockton, a hard-pressed Gold-Rush-era industrial city of 300,000 that sits in the agriculturally rich San Joaquin Valley. But bond-holders, taxpayers, and government officials throughout the country will be listening to U.S. Bankruptcy Judge Christopher Klein's expected ruling on Monday as he decides whether the city may remain in bankruptcy. As Steven Greenhut explains, if Klein sides with the city, then municipalities will face a disturbingly low bar for pursuing bankruptcy. They will be emboldened to choose Stockton's course—i.e., using bankruptcy as a strategic policy tool to offload debts without having to confront the main reasons that they went bankrupt in the first place, such as lush pensions for public employees.
Trump Says Congresswomen He Told to 'Go Back' to Countries They 'Originally Came From' Should 'Apologize to Our Country'
Plus: blockchain battles in Congress, mandating diaper tables in men's rooms, and more...
It's by building lots more housing, obviously.
The political extremism of Donald Trump, Democratic Socialists, and others is a great argument for reducing the size and scope of politics in everyday life.
While Homeless Population Balloons, San Francisco Residents Use Environmental Lawsuit to Stop Homeless Shelter
Yet another neighborhood group is using a California environmental regulation to stop a housing project they don't like.