bankruptcy Archive

  • For the last 40 years, Detroiters have fled the once-majestic downtown core for the bucolic image of sprawling suburbia. Now an urban revival in the name of "Detroit Future City," complete with forests, parks, farms and waterways, is planned to overcome the financial mismanagement and industrial blight that have plagued the city for far too long.

    Detroit Future: Landscape Urbanism, Antidote to Industrial Blight

    For the last 40 years, Detroiters have fled the once-majestic downtown core for the bucolic image of sprawling suburbia. Now an urban revival in the name of "Detroit Future City," complete with forests, parks, farms and waterways, is planned to overcome the financial mismanagement and industrial blight that have plagued the city for far too long.

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  • Ellen Brown writes on how the Detroit bankruptcy seeks to sacrifice pensioners to pay off the big banks, appearing like the "bail-in" template pushed upon Cyprus which restructured their insolvent banks using depositors funds while sparing those from other banks and governments. Stephen Colbert sums up the situation with some levity as Detroit fights its way back to solvency.

    Detroit Follows Cyprus: Make Pensioners Pay for Bankruptcy

    Ellen Brown writes on how the Detroit bankruptcy seeks to sacrifice pensioners to pay off the big banks, appearing like the "bail-in" template pushed upon Cyprus which restructured their insolvent banks using depositors funds while sparing those from other banks and governments. Stephen Colbert sums up the situation with some levity as Detroit fights its way back to solvency.

    Continue Reading...