Originally published on Fri June 29, 2012 11:13 am
On June 19, a week and a half ago, Fiona Apple released a brand new album, her first in seven years. The entire album had been available for streaming by NPR Music for a week and a half by then. Three days later, my copy arrived in the mail. It hasn't left my desk since.
The city of Stockton, Calif., filed for federal bankruptcy protection Thursday, becoming the largest city in U.S. history to do so.
Some worry it's part of a wave. Six other municipalities have filed for bankruptcy protection this year. That's roughly on track with last year's pace, which saw 13 bankruptcies — the most in two decades.
A wave of municipal bankruptcies could be the country's next big financial crisis, several Wall Street analysts have warned.