http://globaleconomicanalysis.blogspot.com/2014/03/vallejo-heads-for-another-bankruptcy_15.html
In March of 2009 I noted Judge Rules Vallejo Can Void Union Contracts. Vallejo foolishly refused to do so, and I predicted it would soon be back in bankruptcy over the same reason it went bankrupt in the first place: absurd union wages and even more absurd pension promises. Sure enough, here we go again.
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