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In the midst of the Recession, nearly two-thirds of the 50 states were teetering on the edge of bankruptcy. If the lawmakers in California go on a spending spree and get caught short during the next downturn, perhaps the first spending cut should involve moving the Legislature to a less-costly location than their current digs in Sacramento.
The Carlyle Group LP-owned company, which had been co-headquartered in Baltimore and Houston, said it would use bankruptcy to restructure debt and sell its assets to EQT Infrastructure in a $455-million deal, according to a report in the Baltimore Sun. The company filed for a Chapter 11 reorganization of its debts in U.S.
California FTZs are located in San Francisco, San Jose, Long Beach, Oakland, West Sacramento, San Diego, Palmdale, Los Angeles, Port Hueneme, Merced/Madera/Fresno counties, Stockton, Palm Springs, Santa Maria, Victorville, Eureka and Imperial, Butte and Riverside counties. FOREIGN TRADE ZONES (FTZs): Secured areas legally outside of U.S.
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