In an effort to avoid filing the largest municipal bankruptcy in U.S. history, officials in Alabama’s Jefferson County extended until mid-September talks with creditors holding $3.14 billion in debt incurred after officials borrowed money to fix their troubled sewer system and then entered into a number of complicated and corruption-laced refinancing deals that backfired in 2007 with the mortgage lending crisis. Those schemes also resulted in the conviction of a number of local officials and businessmen.
The National Labor Relations Board (NLRB) has picked up the pro-union cudgel from Democrats in Congress. In the last session of Congress, Democrats had tried and failed to pass the Employee Free Choice Act (EFCA) which would have expanded union organizing rights.
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