@WSJ reporter covering municipal bonds and public finance. Former reporter at Bloomberg and The Times-Picayune. I like sailing and fishing. #muniland

World Trade Center Tower Rides a Muni-Bond Revival

online.wsj.com — After more than a year of uncertainty, a third tower at the World Trade Center site appears poised to rise thanks to an unlikely catalyst: a turnaround in the market for municipal bonds.

What a Struggling Jail Means for Investors, Small Towns

blogs.wsj.com — Some cities and states that took on risk to build jails or prisons are hurting after crime unexpectedly fell and the inmate population declined. Jails in particular pose a risk to investors in the municipal bond market, and financial hardship can spread to the small towns where the facilities are often located.

Puerto Rico to Sell $1.2 Billion in Notes on Unusual Terms

online.wsj.com — Puerto Rico is expected to sell up to $1.2 billion of notes this week to large banks that have agreed hold the debt until it matures in June, forestalling the heavy selling that followed a March bond issue.

Small Bank Aims Big Guns at Puerto Rico

online.wsj.com — As Puerto Rico Governor Alejandro Garcia Padilla grappled with economic crisis this summer, he received a stream of letters from the U.S. House of Representatives. But the Congressmen who wrote to Mr. Padilla didn't address Puerto Rico's shaky finances. Instead they attacked his treatment of a small local bank, Doral Financial Corp.

Puerto Rico Bond Plans Slip Out

online.wsj.com — Investors got an early peek Tuesday at Puerto Rico's plan to raise $900 million in its first bond sale since March, with the publication of some bond information on a website run by a Wall Street self-regulator.

S&P Cuts New Jersey's Debt Rating

online.wsj.com — Standard & Poor's Ratings Services cut its ratings on New Jersey's debt, citing a long-term imbalance in the state's obligations and revenue. The firm said it now rates the state's general obligation bonds at A, down from A-plus. It also revised its outlook for the state to stable from negative.

Driving Muni Bond Rally: Communities Reluctant to Borrow

online.wsj.com — Rob Rapheal, president of the school board in Forest Lake, Minn., wants to tap the bond market to fix the community's aging public schools. Earlier this year, he helped a team of parents, teachers and administrators put forward a proposal that aimed to...

Puerto Rico Power Bonds Rally on Loan-Delay Deal

online.wsj.com — Puerto Rico Electric Power Authority bonds rallied on Friday after the cash-strapped utility announced a deal with creditors to delay loan payments into next year while working on a voluntary plan to revamp its business.

Kansas Settles SEC Charges It Didn't Reveal Pension System Posed Risk to Bonds

online.wsj.com — The state of Kansas has agreed to settle securities fraud allegations brought by the Securities and Exchange Commission following a nationwide review to determine whether municipalities were properly disclosing pension liabilities and other risks to investors. According to the SEC's cease-and-desist order, the state issued eight bond offerings,...

New York Fed Report Urges Puerto Rico to Overhaul Policies

online.wsj.com — The Federal Reserve Bank of New York weighed in on the financial woes of Puerto Rico Thursday with a report that says the island should overhaul its tax policies, its management of utilities and its budget practices to reinvigorate its economy.
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Oct 15, 2014

For the record, @JimSterngold totally called the whole #Royals thing to me before the playoffs.

Oct 02, 2014

RT @WSJ: Only 51 NYC subway stations out of 468 are problem-free, survey finds: on.wsj.com/ZvFLP6 (fixed typo) pic.twitter.com/0R88fdFc1u

Oct 01, 2014

RT @KatyStech: Calif. judge says struggling cities and counties can cut pensions using bankruptcy. Read my story with @DanFitzWSJ: on.wsj.com/1prwJbD

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