The state of Kansas now has a permanent legislative committee on the public-pension crisis.
Prichard, Ala., has stopped paying its municipal pensions.
Indiana considers allowing “Chapter 9″ bankruptcies — bankruptcies for cities.
Rhode Island’s worst basketcase heads for bankruptcy.
A Michigan basketcase heads there, too.
Bankruptcy is a possibility for San Diego.
State-bankruptcy law is suddenly a hot subject.
I hope investors are holding out for really, really good yields on municipal bonds. Ah, good.