The city has municipal codes to rival those of notoriously staid Irvine, a planned city in Orange County: don't even think about installing a rotating, blinking or oscillating sign.

该城的市政模式与欧文城完全相反，欧文是橙县一个有规划的小城，呆板之名远扬：甚至都不考虑安装一个旋转的、闪巴闪巴或晃动的广告牌。

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Kolkata, a resident told me, "has difficulty letting go." One day a city official handed me a report from the municipal government laying out options for how rickshaw pullers might be rehabilitated.

加尔各答的一位居民告诉我：“很难放手。”一天，一位市政府官员给了我一份市政府的报告，上面列出了如何改造人力车夫的方案。

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Thanks to the financial crisis, however, that position has changed: municipal yields are much closer to and, in some cases, above those on Treasuries (see chart).

然而，由于金融危机，那种情况已经改变：市政的(债券)收益更接近或在某些情况下比国债的高(见图)。

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Romney has little municipal bond interest income, which means he paid more Massachusetts state taxes than others customarily do.

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Public employment, which had become bloated (Portugal, with a smaller population than Ohio, has 308 municipal governments) will shrink under a new policy of hiring only one new person for every two who retire.

ECONOMIST: Portugal and the euro

The recent rise in municipal defaults has again surfaced the debate as to what constitutes a municipal bond default.

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