Just in case conventional wisdom thought there was some limit beyond which financial crime and fraud in the US would or could not cross, here comes the city of Harrisburg, bankrupt for nearly two years, proving everyone wrong as usual. Of course, if one is sinking, might as well take down as many as possible with it, because in the long-run, etc... right Keynesian fanatics? Fresh from the SEC:
After years of unquestioned supremacy as the top-to-bottom best soccer league in the world, the English Premier League has been chased down by the rest of Europe. When it comes to elite players and elite teams, the best soccer on Earth is no longer being played in England.
WASHINGTON — The U.S. Securities and Exchange Commission charged the Pennsylvania city of Harrisburg, the state’s beleaguered capital, with securities fraud on Monday for allegedly releasing misleading public statements and financial information.
Harrisburg, which is under state receivership after its finances became mired by a scheme to upgrade a trash incinerator, agreed to settle the charges without admitting or denying the findings, the SEC said.
President Obama today announced that Secretary John Bryson would join National Economic Council Director Gene Sperling as co-chair of the White House Office of Manufacturing Policy. The Office of Manufacturing Policy is part of the National Economic Council in the White House and works across federal government agencies to coordinate the execution of manufacturing programs and the development of manufacturing policy.