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Stockton California Bankruptcy

Stockton To Enter Bankruptcy, Judge Rules

Reuters | Jonathan Weber | Posted 06.01.2013 | Business

SACRAMENTO, Calif., April 1 (Reuters) - The city of Stockton, California, is eligible for bankruptcy protection, a federal judge ruled on Monday, turn...

Bankrupt Town's City Manager: Retirement Benefits A 'Ponzi Scheme'

Reuters | Posted 09.03.2012 | Business

* City manager: Retirees' healthcare "a Ponzi scheme" * Police officers can retire at 50 years old with pension * No ear...