Sunday, July 01, 2012

STOCKTON - CALIFORNIA'S GREECE

Michael Jackson in Stockton, California, after a school shooting. Website for this image

At the end of June 2012, the city of Stockton, in California, filed for bankruptcy.

"The biggest municipal insolvency in American history will hit bondholders as well as former public workers whose health-care costs the city had covered."

 Stockton's bankruptcy: California's Greece | The Economist

"The city accumulated obligations to its workers and made rash spending pledges. When the market went sour in 2007-08 Stockton was left more exposed than most. Revenues dried up. As unemployment climbed above 20%, its foreclosure rate became one of the highest in the nation, where it remains."

Michael Jackson in "Stockton - All America City" after a school shooting.

According to Wikipedia:

Stockton is the 65th largest city in the USA and was once the third largest city in California..


Stockton, California, from Robert N. Dennis collection 1870

In the February 2, 2011 issue of Forbes, Stockton was described as being the "most miserable" city in the USA.

Central Connecticut State University surveys from 2005 and 2006 ranked the city as the least literate of all U.S. cities with a population of more than 250,000.[15][16][17]

According to a Gallup poll, Stockton was tied with Montgomery, Alabama for the most obese metro area in the United States of America with an obesity rate of 34.6 percent.[18]


www.menglau.com...Stockton has a Khmer temple and lots of Khmers. 

According to the city’s most recent Comprehensive Annual Financial Report, the city reported a significant deficit with US$443.9 million in revenue and US$485.4 million in expenditures.

As of March, 2012, Stockton's unemployment rate is among the highest in the nation, at 20.1%.

On June 28, 2012, Stockton finally filed for Chapter 9 bankruptcy after 'years of fiscal mismanagement and a housing market crash' left it unable to pay its workers, pensioners and bondholders. 

Stockton has a Khmer temple and lots of Khmers.

Stockton was rated by Forbes in 2009 as America's fifth most dangerous city because of its crime rate.[28] 

According to the San Joaquin County district attorney, the city of Stockton has the "second most violent crime rate in the state," while San Joaquin County is the fifth-most dangerous metropolitan area in the United States, which could be due to Stockton's proximity to Interstate 5 in the center of California, making it "a hub for the drug cartel between Mexico, Seattle and Vancouver, British Columbia."[41]

Stockton - Website for this image

On January 17, 1989, the Stockton Police Department received a threat against Cleveland Elementary School from an unknown person. Later that day, Patrick Purdy, who was later determined to be mentally ill, opened fire on the school's playground with a semi-automatic rifle, killing five children, all Cambodian or Vietnamese refugees, and wounding 29 others, and a teacher, before taking his own life. The event received national news coverage and is sometimes referred to as the Cleveland School massacre.[42]

Popular singer and song writer Michael Jackson paid a visit to Cleveland Elementary School to see the children and families affected by this tragedy on February 7, 1989.[43]

A number of motion pictures have been filmed in Stockton.[54] including:
All the King's Men (1949)[57]
Atlanta Child Murders (1985)
The Big Country (1958)[58]
Indiana Jones and the Last Crusade (1989)
Raiders of the Lost Ark (1981)[81]

2 comments:

Honk Bonk Man said...

Vallejo also in California, declared bankruptcy. It is a multi ethnic hell hole. Most of the cities and towns in CA are merging their fire and police departments. Many people are loosing their jobs. Things will only get worse.

Anonymous said...

I guess Arnie really knew what he was doin' when he resigned from 'governing' California.

These'elites' seem to always be that one step ahead, when all they really are, are devious thugs.

Don't know that we will change anything soon Ang.

Just keep on keeping on, with hope.

 
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