[QODLink]
Americas
Californian city votes to declare bankruptcy
San Bernardino, hit hard by recession, is third city in the state to go bust this year.
Last Modified: 12 Jul 2012 20:53

Investors in the US appear to have shrugged off news that the city of San Bernardino has voted to file for bankruptcy.

The city, 80km east of Los Angeles, had already slashed salaries and cut 20 per cent of its employees.

Faced with a $45m deficit, the city council called an emergency session and filed for bankruptcy.

The blue collar city of construction workers and factory employees was hit hard by the housing collapse and recession, and has become the third city in the state of California to go broke this year.

Al Jazeera's Brian Rooney reports from San Bernardino.

92

Source:
Al Jazeera
Topics in this article
People
Country
City
Featured on Al Jazeera
Swathes of the British electorate continue to show discontent with all things European, including immigration.
Astronomers have captured images of primordial galaxies that helped light up the cosmos after the Big Bang.
Critics assail British photographer's portrayal of indigenous people, but he says he's highlighting their plight.
As Western stars re-release 1980s charity hit, many Africans say it's a demeaning relic that can do more harm than good.
Featured
No one convicted after 58 people gunned down in cold blood in 2009 in the country's worst political mass killing.
While hosting the World Internet Conference, China tries Tiananmen activist for leaking 'state secrets' to US website.
Once staunchly anti-immigrant, some observers say the conservative US state could lead the way in documenting migrants.
NGOs say women without formal documentation are being imprisoned after giving birth in Malaysia.
Public stripping and assault of woman and rival protests thereafter highlight Kenya's gender-relations divide.