Economy, Cities | featured news

Jeffrey A. Michael, a finance professor in Stockton, Calif., took a hard look at his city’s bankruptcy this summer and thought he saw a smoking gun: a dubious bond deal that bankers had pushed on Stockton just as the local economy was starting to tank in the spring of 2007, he said.

If you're thinking that the harsh economy is forcing you into a staycation this summer, you may want to think again. A new study ranking the top 10 most affordable vacation cities says Louisville, Minneapolis and San Antonio are the places to get the most bang for your buck.

The city of Central Falls, Rhode Island — one of a handful of U.S. cities and counties facing fiscal collapse in the wake of the economic recession — has filed for bankruptcy.

A place with low unemployment doesn’t always mean it’s the best place for finding a job.

The economic slump is forcing debt-laden cities and towns to consider using Chapter 9. The bankruptcy option is causing experts to worry about the safety of municipal debt.

Hunger is spreading while the number of homeless families is increasing as a result of the recession and other factors, according to a report on Tuesday.

The three most important things in real estate: location, location, location.