Word: cuyahoga
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While municipal finance may seem dry and abstract to the uninitiated, the pain of bad bets can be highly tangible. Rocked by $115 million in losses on its leveraged investments in bonds and other securities, Cuyahoga County, which includes Cleveland, Ohio, said last week it was slashing 11% from all county budgets and was freezing spending for the next four years. Some of the harshest cuts will crimp children's services, as planned hirings of social workers are put on hold. "It means that if you should be making four visits to a child's home one month, you will...
Orange County is far wealthier than Cuyahoga, of course, and therein lies one of the ironies of the Southern California area's financial fall. With a population of nearly 2.6 million and a median household income of $47,774, Orange is the fifth largest county in the U.S. and boasted the fourth richest county government before the crisis. As famed for its political conservatism as for Disneyland and aerospace giants like McDonnell Douglas, Orange County was the birthplace of Richard Nixon and gave Ronald Reagan the largest margin of victory of any U.S. county in his presidential races...
...Ferraro candidacy marks a changing of the old guard, a demarcation point in American politics and society. It is the result of years of still inconclusive evolution, and it generates emotions that are an inextricable blend of the domestic and the political. Along the Cuyahoga River, where the bare ruined choirs of America's industrial heartland are now being gingerly reclaimed by singles bars and furniture boutiques, Kathy Peterson, 33, is manager of an antique-brass shop. She spent a lot of time this fall trying to resolve her tumbled responses to Ferraro. Married, a mother and stepmother...
Joan Keck Cuyahoga Falls, Ohio...
Robert J. Quirk, Mayor Cuyahoga Falls, Ohio...