The threat of bankruptcy may be a new source of competitive advantage in post-recession urban politics

blogs.lse.ac.uk/usappblog/2014/03/26/the-threat-of-bankruptcy-may-be-a-new-source-of-competitive-advantage-in-post-recession-urban-politics

Interesting take on the post-crash dynamics facing cities. Expenses that were long considered untouchable may now be on the chopping block...in bankruptcy court.  And the threat of Chapter Nine proceedings changes the dynamics of negotiation with public employee unions.