Explaining Southern California's economy

Compton is latest California charter city to face bankruptcy

Gritty Compton Works To Escape Cycle Of Violence

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Compton is the latest Southland city to declare bankruptcy.

Compton could become the fourth city in California to head for bankruptcy, according to Reuters. The Los Angeles County municipality, just south of L.A., would join Stockton, Mammoth Lakes, and San Bernardino in confronting Chapter 9 protection. 

Compton's situation is extremely worrisome compared to much larger San Bernardino and Stockton, but it's not exactly surprising. Compton's current budget deficit, at $43 million, is substantially bigger than Stockton's $26 million but about the same as San Bernardino's $45 million. But Compton's population is only 93,000. San Bernardino's is over 200,000 and Stockton's is over 300,000.

And if you follow Reuters' reporting, $37 million of Compton's budget shortfall has materialized just since July 10, as financial officials and the city council have worked through severe revenue losses. 

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Why the Occupy Movement is getting kicked out — and why it doesn't matter

Occupy Wall Street Camp In Zuccotti Park Cleared By NYPD Over Night

Mario Tama/Getty Images

NEW YORK, NY - NOVEMBER 15: Occupy Wall Street protesters and police stand outside Zuccotti Park after police removed the protesters from the park early in the morning on November 15, 2011 in New York City. Hundreds of protesters, who rallied against inequality in America, have slept in tents and under tarps since September 17 in Zuccotti Park, which has since become the epicenter of the global Occupy movement. The raid in New York City follows recent similar moves in Oakland, California, and Portland, Oregon. (Photo by Mario Tama/Getty Images)

UPDATE: KPCC is reporting that Occupy LA — which hasn't yet been shut down and is actually right across the street from police headquarters — may become a kind of "oasis" for Occupy movements that have been forced out of public sites. It would be quite a trek for Occupy Wall Streeters. But you never know. It's getting cold in New York...

In the very early hours of Tuesday morning, New York City police descended on Zuccotti Park in Manhattan, the site of the original Occupy Wall Street movement, and cleared the site of protestors. Almost 200 people who refused to go quietly were arrested. 

Tensions are mounting at other Occupy sites around the country. In Oakland, protestors have been particularly aggressive. In Los Angeles, they're been mostly peaceful. But it's becoming increasingly clear that, despite a high level of political support in many cities, local governments are losing patience with 24/7 demonstrations at public sites. 

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