{"id":33850,"date":"2012-08-03T04:01:52","date_gmt":"2012-08-03T04:01:52","guid":{"rendered":"http:\/\/127.0.0.1\/site\/2017\/2\/1985\/bloomberg_san_bernardino_california_files_chapter_9_bankruptcy\/"},"modified":"2012-08-03T04:01:52","modified_gmt":"2012-08-03T04:01:52","slug":"bloomberg_san_bernardino_california_files_chapter_9_bankruptcy","status":"publish","type":"post","link":"https:\/\/kendallharmon.net\/?p=33850","title":{"rendered":"(Bloomberg) San Bernardino, California, Files Chapter 9 Bankruptcy"},"content":{"rendered":"<p>San Bernardino, California, filed for municipal bankruptcy after disclosing a $46 million shortfall in the city\u2019s budget, the third California city to seek court protection from creditors since June 28.<\/p>\n<p>California cities from the Mexican border to San Francisco Bay are confronting rising pension costs as they contend with growing unemployment and declining property- and sales-tax revenue. The costs stem from decisions made when stock markets were soaring and retirement funds were running surpluses.<\/p>\n<p><a href=\"http:\/\/www.bloomberg.com\/news\/2012-08-02\/san-bernardino-california-files-for-bankruptcy-protection-2-.html\">Read it all<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>San Bernardino, California, filed for municipal bankruptcy after disclosing a $46 million shortfall in the city\u2019s budget, the third California city to seek court protection from creditors since June 28. California cities from the Mexican border to San Francisco Bay<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/kendallharmon.net\/?p=33850\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":794,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[40,615,149,600,597,151,596],"tags":[],"class_list":["post-33850","post","type-post","status-publish","format-standard","hentry","category-economics-politics","category-city-government","category-economy","category-housingreal-estate-market","category-laborlabor-unionslabor-market","category-politics-in-general","category-the-credit-freeze-crisis-of-fall-2008the-recession-of-2007"],"_links":{"self":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/33850","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/users\/794"}],"replies":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=33850"}],"version-history":[{"count":0,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/33850\/revisions"}],"wp:attachment":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=33850"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=33850"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=33850"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}