I have no doubt that on the path we are on right now, Worcester will be filing for bankruptcy in ten-fifteen years.
The bankruptcy filing by the southern U.S. county will add to concerns about the risks in the $3.7 trillion U.S. municipal bond market, which was hit recently by the high-profile debt crisis in Pennsylvania's capital of Harrisburg.
In addition to Harrisburg, which filed for bankruptcy last month, just two other cities -- Vallejo, California and tiny Central Falls, Rhode Island -- have declared bankruptcy in recent years since the onset of the U.S. financial crisis.
Does Breastfeeding Reduce Childhood Disability? - A new (gated) NBER paper looks at the relationship between breastfeeding and childhood disability. The author, *George Wehby*, finds that a longer duratio...
13 hours ago