SACRAMENTO, Calif. (AP) — A judge accepted Stockton’s bankruptcy application on Monday, making it the most populous city in the nation to enter bankruptcy. U.S. Bankruptcy Judge Christopher Klein said the bankruptcy declaration was needed to allow the city to continue to provide basic services. “It’s apparent to me the city would not be able […]
Stockton, California, lays claim to a lot of undesirable superlatives: it’s America’s foreclosure capital, an annual contender on the Forbes “Most Miserable” list, and the United States’ largest bankrupt city. But the city might lose that last claim, depending on the outcome of a federal court hearing scheduled to begin Monday. Stockton would still be broke […]
I live in what’s been described as one of California’s most miserable and most violent communities. I work in what’s been described as America’s best city. My job is in San Francisco, which this week was named America’s best city for 2012 by Bloomberg Businessweek. Things are so good in the city by the Bay […]
At a community anti-violence meeting at a Stockton park, hometown hero and Oakland A’s pitcher Dallas Braden attended with a bat.
He told Sacramento’s KXTV that he had been the victim of an attempted carjacking last week and that his grandmother’s apartment was robbed.
MERCED, Calif. (AP) — A Congressman from California’s Central Valley is resigning. Democratic Rep. Dennis Cardoza, whose district includes Modesto, Stockton and Merced, announced his resignation in a statement on Tuesday. It takes effect at midnight. The statement does not cite a reason for the resignation. But in an interview with the Fresno Bee, Cardoza […]
Update Wednesday: From the Stockton Record this morning: The City Council put Stockton on an irreversible course toward bankruptcy Tuesday night, voting on a measure that will make it the nation’s largest city to seek Chapter 9 protection. Stockton’s filing with a federal bankruptcy court in Sacramento will come by the week’s end, City Manager […]
Around the world, the dominoes of debt are teetering, and one of the biggest to hit the ground may be the City of Stockton. The city is hoping against hope that mediation with its bondholders, now underway, will result in a new deal by Monday. There’s scant room for maneuver after that date because the […]
There’s quite a buzz over what went on at the Stockton Ports game the other day. From the Stockton Record: It came from over the center-field wall during the top of the fourth inning, a dark cloud headed straight for home plate. Bees. Perhaps 20,000 of them. Players dived into the dirt or sprinted for […]
On Saturday, some folks in Stockton are having a little party to celebrate the city while simultaneously sticking it to Forbes magazine, which crowned Stockton the Most Miserable City in America in February. Forbes wrote: Unemployment has averaged 14.3% the past three years, which is third worst in the country among the 200 largest metro […]
…on the Forbes most miserable city list. Stockton slipped to No. 2 behind Cleveland last year, but reclaimed the title due to the following reasons, according to Forbes: Located in the state’s Central Valley, Stockton has been ravaged by the housing bust. Median home prices in the city tripled between 1998 and 2005, when they […]