Tag Archives: California

Being Black at UM

Posted on January 20, 2014 by admin

By Joel Thurtell “Being Black at UM” was the headline over my March 31, 1985 Detroit Free Press article about the life of black students at the University of Michigan. Almost 30 years later, Being Black at the University of … Continue reading →

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CABs, me and The NY Times

Posted on February 8, 2013 by hro50ta1

By Joel Thurtell If you get a mention in The New York Times, be grateful. Even if it’s baloney. Remember what P.T. Barnum said about not caring what the papers said about him as long as they spelled his name … Continue reading →

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Michigan CABs and the ‘Big Graphic’

Posted on August 27, 2012 by hro50ta1

MICHIGAN SCHOOLS LOAD THE FUTURE WITH DEBT By Joel Thurtell April 5, 1993 was doomsday for Capital Appreciation Bonds in Michigan. On that day, the Detroit Free Press exposed the horrendously bad deal almost 100 Michigan school districts had dished … Continue reading →

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Dayton & CABs

Posted on August 27, 2012 by hro50ta1

By Joel Thurtell Thanks to Kevin Dayton for his latest post on California CABs. What Michigan did by banning CABs in 1994 is relevant to what’s been happening in California with school CAB debt since at least 2000. A Detroit … Continue reading →

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CABs: What I get

Posted on May 27, 2012 by hro50ta1

By Joel Thurtell A few days ago, joelontheroad registered more than 5,500 hits in a week. Not Facebook, but for a guy without the resources of, say Huffington Post or The New York Times or even a small town weekly, … Continue reading →

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Hey, California! Michigan school sued lawyers & won $15 million

Posted on May 19, 2012 by hro50ta1

By Joel Thurtell Think about this, Californians: In the early 1990s, a Michigan school district actually sued its attorneys in a CAB deal turned sour. Amazing! Pontiac schools won a $15-million-dollar settlement against their bond counsel, the prestigious firm of … Continue reading →

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See no evil: CABS and media

Posted on May 16, 2012 by hro50ta1

By Joel Thurtell Thanks to Kevin Dayton of the Dayton Public Policy Institute for noticing my recent columns about the evils of Capital Appreciation Bonds. He covered the May 11, 2012 meeting of California’s League of Bond Oversight Committees annual … Continue reading →

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CABs and consequences

Posted on May 14, 2012 by hro50ta1

By Joel Thurtell Gray Davis. If I were a member of the Poway Unified School District in San Diego and my name was Penny Ranftle Linda Vanderveen Andy Patapow Mark Davis Todd Gutschow, I’d be wondering how soon I’d make … Continue reading →

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Scouting for graft: Look for Michigan in California

Posted on May 13, 2012 by hro50ta1

By Joel Thurtell If I were a district attorney or attorney general in California — someone with subpoena power — I’d be asking hard questions about the behavior of public school officials and the people who arrange loans, aka bonds, … Continue reading →

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Disaster shadows Poway

Posted on May 10, 2012 by hro50ta1

By Joel Thurtell I thought Michigan was bad. Back in 1993, when I was writing about Michigan school debt, I was astonished to find school districts taking on debt with interest costs at two, three and in one case almost … Continue reading →

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