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Failing pensions

11/28/2016 / By Don Wrightman

IT BEGINS: Dallas on verge of declaring bankruptcy; city pensions to be vaporized

Dallas, Texas might be the next major American city to go bankrupt. This month, mayor Michael S. Rawlings testified to a state oversight board that his city appeared to be “walking into the fan blades” of municipal bankruptcy. Dallas has the fastest economic growth of the nation’s 13 largest cities. Cranes can be seen in […]

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