Finance News

  • Crime, Not Debt, is Detroit’s Biggest Problem
  • Two powerful women in Detroit are pushing hard for the city to focus its resources on fighting its high violent crime rate, which, in 2012, was five times the national average.

  • 3 Cities That Used Disaster to Revitalize Their Future
  • Hit by tornadoes and earthquakes, Tuscaloosa, Ala.; Greensburg, Kan.; and San Francisco all learned how to turn local tragedy into a new and vibrant vision. Their lessons are a playbook for local officials dealing with disasters.



  • California City 1st in Nation to Use Eminent Domain to Save Homes
  • The power of eminent domain has traditionally worked against homeowners, who can be forced to sell their property to make way for a new highway or shopping mall. But now the working-class city of Richmond, Calif., hopes to use the same legal tool to help people stay right where they are.


  • California's Landmark Environmental, Consumer Regulations Under Federal Fire
  • California has a reputation for having some of the nation's most aggressive rules on workplace safety, consumer protection and environmental quality. Now some impacted companies are fighting back, and officials in Sacramento worry that some of the state's landmark laws may be in danger.

  • 80% of U.S. Adults Economically Insecure
  • Four out of 5 U.S. adults struggle with joblessness, near-poverty or reliance on welfare for at least parts of their lives, a sign of deteriorating economic security and an elusive American dream.

  • NBA, NHL Reps Grill Tennessee 'Jock Tax'
  • Representatives for the Memphis Grizzlies, the National Basketball Players Association and the National Hockey League Players’ Association appeared at a hearing in Legislative Plaza on Tennessee’s “jock tax,” a surcharge of $2,500 per game levied on pro basketball and hockey players.

  • D.C. Budget Autonomy Bill Advances
  • A key House committee has approved a bill that would grant a measure of budget autonomy to the District, the latest step in the city’s long-running effort to win the ability to spend its own money freely.



  • Denver Auditor: 5% Marijuana Tax Rate Risks Black Market
  • Denver Auditor Dennis Gallagher disagrees with Mayor Michael Hancock's recreational marijuana tax target, arguing the city should seek a starting tax rate of 3.5 percent instead of the mayor's suggested 5 percent tax rate.

  • Illinois Governor Hints at Special Session for Pensions
  • Gov. Pat Quinn hinted Tuesday that he may summon lawmakers back to Springfield again this summer to take up public employee pension reform, saying next month's State Fair would provide an ideal time for legislators to work on the issue while also having a little fun.





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