Think Greece and Spain are drowning in debt? Look a little closer to home. Seven U.S. cities recently had their municipal bonds downgraded below investment grade. Their debt is now junk, considered more worthless than that of the so-called PIIGS.
Little Rhode Island made big news in the education arena last month. Superintendent Frances Gallo fired all the teachers at Central Falls High School after negotiations with the teachers' union failed.
The Rhode Island school superintendent who last week fired all the teachers and staff from a school whose students were performing poorly said Wednesday she is willing to negotiate now that the union has agreed to support changes.