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DeGentrificationWatch in Compton

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Oh jeez, is Compton in trouble. The city has a $39 million deficit, some of its bond ratings have been lowered to just above junk, officials have already laid off 15 percent of the workers, and they're slashing spending left and right. How did this happen in a city that just a few years ago was celebrating the arrival of a Target (a Target, for heaven's sake!)? The LA Times reports: "Year after year, as revenues fell short, Compton kept spending more?the descent happened gradually over five years, when officials went through the city's once-healthy reserves and then began raiding other funds, including those for water, sewer and retirement, to pay the bills." [LAT]