The situation in Harrisburg is the result of repeated cream skimming. As long our council continues to protect our public assets and stiff-arm the skimmers, Pittsburgh will be just fine.
TT's a solid veteran commenter. She (always imagined a SHE) makes the mistake that "avoiding creme-skimming" alone will meet Pittsburgh's challenges.
We need several lump monetary sums for our creditors, quickly would be better AND we need significant investment in our infrastructure and human capital.
If that is off the table, we need a radical realignment of society, reaching Wall Street and every union hall, based on a series of consensually agreed precepts.
So no, I think Pittsburgh is going to have to work really hard to live happily ever after.
Now if you'll excuse me, I'm off to read Chris Briem's post, which I've put off...
FOR PRIMER ON ODDS, SEE PROPOSITIONS POINTERS AT END OF BOARD LISTINGS
****FEATURED LINES***** ***********************
RAVENSTAHL PROSECUTION
Original presentment
Luke unindicted co-consprtr 4-1
Luke immunity for testimony 3-1
Luke indicted 3-5
State's evidence against Luke (must testify or affidavit)
(no action w/o charges)
F.Crawford 1-3
A.Bedway 1-2
P.Ford 1-1
N.Harper 3-2
D.Sciulli 3-2
M.Gauntner 3-2
Y.Zober 3-2 R,Gigliotti 2-1
A.Lazowski 2-1
J.Verbanac 2-1 Lamar Media 2-1
C.Zappala 3-1 R.Burgess 3-1
R.Stephany 3-1
D.Lavelle 6-1
Luke's wife (or ex) 9-1
Luke's girlfriend 5-1
Huss (Mr. or Mrs.) 4-3
INSOLVENCITY MAYOR
General Election
B.Peduto 1-12
D.Harris 99-1
J.Wander 99-1
Field 15-1
GOP (10-1) 50-1
GOP (other than Onorato) 51-1
independent (6-1) 12-1
endorsed Democrat (5-2) LOST
RAVENSTAHL INDICTMENT by 6/30/2013 (3-1) 2-1
by 12/31/2013 (3-2) 6-5
by 12/31/2014 1-1
L. RAVENSTAHL
serves full term 1-1
appoints 'interim mayor' 10-1
*****CLOSED LINES****
***********************
PITTSBURGH MAYOR 2013
Democratic Primary
B.Peduto (6-5) PAID
M.Lamb (3-1) LOST
J.Wagner (7-5) LOST
L.Ravenstahl (30-1) LOST
J.Ferlo (9-2) LOST
D.Onorato (25-1) LOST
D.Harris (9-1) LOST
R.Burgess (9-1) LOST
J.Wheatley (20-1) LOST
ORIE-ZAPPALA WAR
Jo.Orie convicted 1-1 PAID
Ja.Orie convicted PAID Jo.Orie off bench PAID
L.RAVENSTAHL INDICTMNT
by 12/31/2012 8-1LOST
***CURRENT LINES*****
***********************
US PRESIDENT 2015 H.Clinton 4-1 C.Christie 8-1
D.Patrick 15-1
C.Booker 15-1
any Bush 20-1
J.Biden 20-1
P.Ryan 20-1
M.Rubio 20-1
R.Perry 20-1
T.Cruz 20-1
S.Palin 99-1
R.Santorum 99-1
Republican 4-3
Democrat 3-5
Third party 15-1
PA GOVERNOR 2014
Republican 1-1
T.Corbett (1-1) 5-4
Democrat 3-2
FIRST TO OCCUR
Big Ben paternity suit 6-1
Mrs. Big Ben splits 3-1
Ravenstahl arrested 3-1
UPMC is non-nonprofit 6-1
Palin kid a college grad 12-1
Obama on Supreme Ct 30-1
Rooneys pay for something 40-1
FIRST FIRED
M.Huss (3-1) 2-1
T.Corbett (4-1) 2-1
F.Coonelly 4-1
R.Coury 6-1
J.Romoff 10-1
M. Tomlin 12-1
HEINZ LEAVES BURGH
by 12/31/2013 7-1
by 12/31/2014 4-1
by 12/31/2015 2-1
by 12/31/2016 1-1
by 6/31/2017 2-3
by 12/31/2017 1-3
2013 PIRATES
winning season (5-2) 3-2
payroll dump 2-5
trade Cutch 3-1
trade Alvarez 3-2
>1 All-Star 1-1
INSOLVENCITY PARKING
PRIVATEERING by 12/31/13 (8-1) 10-1 by 12/31/14 (7-1) 10-1 NEXT STEELERS ARREST
B.Roethlisberger 5-1
P.Burress 5-1 J.Harrison (6-1) LOST S.McBeam 10-1 any Rooney 25-1 M.Tomlin 99-1 Field 1-1
PROPOSITIONS TERMS **************** Wagers accepted while proposition posted (until removed); dds may be revised at any time without advance notice; no winner paid without ticket; all bets are action upon acceptance by management. 10% commission deducted from successful wagers PROPOSITIONS POINTERS The number expressed after a proposition identifies the line, or ratio by which wagers for that proposition would be paid upon occurrence of the proposed event. A line of 2-1 indicates that a dollar successfully wagered would generate a $2 winning (with return of the $1 wagered, for an aggregate payment of $3). A line of 1-1 indicates that a dollar successfully wagered would generate a $1 winning (with return of the $1 wagered, for an aggregate payment of $2). A line of 3-5 indicates that a successful $5 wager would generate a $3 winning (and aggregate payment of $8). The greater the ratio the first number bears to the second, the less likely the proposed event is expected to occur.) Examples: 99-1 extreme odds; remote probability 15-2 high odds; low probability 1-1 even odds; 50-50 probability 2-15 low odds; high probability 1-99 extreme odds; overwhelming probability
6 comments:
Post some odds, I'm willing to bet we're not headed towards bankruptcy.
(Whether or not we SHOULD be headed there is another issue... ;)
The situation in Harrisburg is the result of repeated cream skimming. As long our council continues to protect our public assets and stiff-arm the skimmers, Pittsburgh will be just fine.
Pittsburgh will be just fine
Where "fine" means not actually collapsing.
TT, are you new here?
No, James. Are you?
TT's a solid veteran commenter. She (always imagined a SHE) makes the mistake that "avoiding creme-skimming" alone will meet Pittsburgh's challenges.
We need several lump monetary sums for our creditors, quickly would be better AND we need significant investment in our infrastructure and human capital.
If that is off the table, we need a radical realignment of society, reaching Wall Street and every union hall, based on a series of consensually agreed precepts.
So no, I think Pittsburgh is going to have to work really hard to live happily ever after.
Now if you'll excuse me, I'm off to read Chris Briem's post, which I've put off...
http://nullspace2.blogspot.com/2011/10/to-bankrupt-or-not-to-bankrupt.html
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