American Cities Teeter on Brink of Bankruptcy

Come Thursday, the small, working-class enclave of Maywood, south of downtown Los Angeles, will lay off all its employees, eliminate its police force and contract a neighboring city to run municipal operations. More than 100 city workers -- the people who keep Maywood's streets paved and parks clean, school crossing guards and police veterans -- will get pink slips. The action is without precedent in the state of California. The police department, which had enjoyed a love-hate relationship with...Full Story
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