How Stockton Went Broke: A 15-year Spending Binge

Stockton

SAN FRANCISCO (Reuters) - The man in charge of the biggest U.S. city ever to file for bankruptcy is clear about the root of the crisis.

Sections:  news   u.s.   
Topics:  bankrupt city   bankruptcy   california   health care   stockton   
RELATED ARTICLES
  • GOP boycotts health care advisory boardGOP boycotts health care advisory board
    House and Senate Republican leaders told President Barack Obama Thursday that they will refuse to nominate candidates to serve on an advisory board that is to play a role in holding down Medicare costs under the new health care act. More
  • For some Detroit services, call the D.I.Y. Dept.
    Detroit may be broke but it will soon have a first-rate motor pool, featuring 23 new ambulances and a fleet of 100 new police cars. Some city parks also are getting tender loving care. New fruit trees and shrubs have been planted, and mowing crews are beginning to make the rounds to keep the green spaces tidy. More
  • US medicine spending shows rare dip
    Total U.S. spending on prescription medicines declined last year, a first in more than half a century. The dip was 1 percent, to $325.8 billion — a 3.5 percent drop after accounting for population growth and economic expansion, according to the IMS Institute for Healthcare Informatics. More
  • Study Finds Expanded Medicaid Increases Health Care Use
    Come January, millions of low-income adults will gain health insurance coverage through Medicaid in one of the farthest-reaching provisions of the Obama health care law. More
  • One flight closer to space tourismOne flight closer to space tourism
    Virgin Galactic is one flight closer to becoming a commercial "spaceline." The company's passenger spacecraft, SpaceShipTwo, completed its first rocket-powered flight Monday morning above the Mojave Desert in California. More
BING NEWS:
  • Meteoric rise and freefall of £60,000-a-week football star
    But just three weeks after the birth of his daughter, Johnson arranged to meet a star-struck 15-year-old girl – having first groomed ... Taunted on social media, the tearful girl finally broke down and her father called in the police.
    11/6/2016 - 12:31 pm | View Link
  • The bar where you have to be a Facebook friend to get in
    A bar in Stockton, California has started using Facebook to screen it's customers. In order to get into Finnegan's Irish Pub & Restaurant past 9pm you need to be friends with the owner - at least on Facebook that is. Owner Tony Mannor noticed that after ...
    08/22/2013 - 10:19 pm | View Link
  • How Stockton went broke: A 15-year spending binge
    Deis, who signed Stockton’s bankruptcy filing last Thursday, slammed the decision to provide free healthcare to retirees as a “Ponzi scheme” that eventually left the city with a whopping US$417 million liability. Before the turn of the millennium ...
    07/3/2012 - 10:35 pm | View Link
  • RPT-How Stockton went broke: A 15-year spending binge
    SAN FRANCISCO, July 4 (Reuters) - The man in charge of the biggest U.S. city ever to file for bankruptcy is clear about the root of the crisis. It was a decision that gave firefighters full healthcare in retirement starting on Jan. 1, 1996, s aid Bob Deis ...
    07/3/2012 - 1:00 pm | View Link
  • How Stockton went broke: A 15-year spending binge
    Daniel Berger, a senior market analyst at Municipal Market Data, a unit of Thomson Reuters, said last week ... City officials, looking to transform their sleepy downtown, approved spending on large projects to raise Stockton's profile and turn it into ...
    07/2/2012 - 7:52 pm | View Link
  • More
BING SEARCH:
  • Archives
    Archives and past articles from the Philadelphia Inquirer, Philadelphia Daily News, and Philly.com.
    11/30/2016 - 9:17 pm | View Website
  • US Top News and Analysis – CNBC
    52 Mins Ago. Loop Commerce lets shoppers select a gift for their loved ones, who then get to pick more minor details like color and size.
    11/30/2016 - 1:31 pm | View Website
  • U.S. News | National News
    ABC News reports on United States politics, crime, education, legal stories, celebrities, weather, the economy and more
    11/30/2016 - 10:11 am | View Website
  • Finance News & latest business headlines from AOL
    Get breaking Finance news and the latest business articles from AOL. From stock market news to jobs and real estate, it can all be found here.
    11/30/2016 - 5:32 am | View Website
  • Abuse Tracker: August 2016 Archives
    MINNESOTA Canonical Consultation. Jennifer Haselberger. 08/28/2016 Yesterday's Santa Rosa Press Democrat contained an interesting article about the circumstances of ...
    11/29/2016 - 11:27 pm | View Website
  • More

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More U.s. News