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The emergency manager also has the authority to terminate union contracts. how interesting. sell assets by the way. and of course slash services to the citizens. in benton harbor local officials now have the power to do basically three things. they can call a meeting to order, adjourn the meeting, and approve the minutes of the meeting and that's about it. needless to say, they are outraged. >> this is really an insult. you talk about piracy the government has done it in the state of michigan. the people have been extracted by way of not having a voice and so now has the government. >> and of ...

Contracts. how interesting. sell assets by the way. and of course slash services to the citizens. in benton harbor local officials now have the power to do basically three things. they can call a meeting to order, adjourn the meeting, and approve the minutes of the meeting and that's about it. needless to say, they are outraged. >> this is really an insult. you talk about piracy the government has done it in the state of michigan. the people have been extracted by way of not having a voice and so now has the government. >> and of course as the detroit news reports emergency managers are in pla...

Forbes.com contributor rick ungar reports that wisconsin republican governor scott walker is preparing a plan that would allow him to force local governments to submit to a financial stress test and allow the governor to take over municipal governments if they don't meet certain standards. he says according to reports, the walker legislation would empower the governor to insert a financial manager of his choosing into local government with the ability to cancel union contracts, pushing aside dually elected local government officials and school board members, and take control of wes wisconsin c...

Forbes.com contributor rick ungar reports that wisconsin republican governor scott walker is preparing a plan that would allow him to force local governments to submit to a financial stress test and allow the governor to take over municipal governments many f they don't meet certain standards. he says according to reports, the walker legislation would empower the governor to insert a financial manager of his choosing into local government with the ability to cancel union contracts, pushing aside dually elected local government officials and school board members, and take control of wes wiscons...

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