The cities' anti-labor, anti-firefighter spin being peddled about municipal bankruptcies is coming unraveled. Turns out Stockton and San Bernardino were sub-prime central, and were done in by housing meltdown ... not labor contracts.
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The cities' anti-labor, anti-firefighter spin being peddled about municipal bankruptcies is coming unraveled. Turns out Stockton and San Bernardino were sub-prime central, and were done in by housing meltdown ... not labor contracts.
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The fight to defeat the latest attack on firefighters and other working families is in full swing, and the stakes were never higher.
This week, a San Francisco Chronicle analysis revealed the truth about Proposition 32 — it provides Special Exemptions that protect the super rich but deal a "devastating blow" to labor and working families.
San Francisco Chronicle analysis underscores Prop. 32's risks. The initiative's special exemptions let partisan mega donors continue spending freely on campaigns, but deals a "devastating blow" to labor.
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Another city seeks a free pass for mismanagement by rushing to bankruptcy. "Fraud, misuse of funds and financial waste" alleged.
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A statewide pension analyst often quoted by anti-union forces has run the numbers in San Bernardino. Conclusion: Economic meltdown, mismanagement and toxic politics are at the heart of the San Bernardino bankruptcy bid.
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