BY FROMA HARROP CENTRAL FALLS, RI – The stock market plunged over 500 points last Thursday, but no one seemed very perturbed about it in this tiny factory town. Three days before, Central Falls had filed for a Chapter 9 bankruptcy. These working-class folk see bottoms fall out on a regular basis. For people used to living one paycheck or unemployment check to another, the number that mattered this day was not the Dow Jones […]
When A City Goes Bankrupt
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