Which Way, L.A.?
Stockton Bankruptcy Reality and UTLA Confidence Vote
Cities around the US are watching bankruptcy proceedings to see if CalPERS, the state pension system, will have to wait in line with other Stockton creditors.
By Warren Olney • • 27m ListenStockton may be showing other cities how to battle their way through bankruptcy. San Bernardino, Compton, San Jose and Watsonville are among those watching closely as Stockton residents cope with massive cuts in police and fire services with crime on the rise and resources on the decline. Will CalPERS, the state pension system, have to wait in line with other creditors? Also, the Los Angeles teachers union is staging a vote of confidence in Superintendent John Deasy. They're also voting on whether to be more aggressive with the elected school board.
On our rebroadcast of today's To the Point, ADHD and America's drug culture.
Banner image: A local newspaper headline announces bankruptcy in Stockton, California June 27, 2012. Photo by Kevin Bartram/Reuters
