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Nobel Prize winning economist Joseph Stiglitz wrote about Detroit's bankruptcy filing in yesterday's New York Times.In his opinion piece, The Wrong…
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Detroit filed for Chapter 9 federal bankruptcy protection yesterday.The federal courts have never seen a municipal bankruptcy filing of this size, so…
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The city of Detroit has filed for Chapter 9 federal bankruptcy protection making it the largest city in U.S. history to declare bankruptcy. We are…
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Two Detroit pension funds have sued the city’s emergency manager, Kevyn Orr, and Governor Rick Snyder in an attempt to block the Motor City from filing…
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Saunteel Jenkins replaces Charles Pugh as Detroit City Council President"Saunteel Jenkins is the new President of the Detroit City Council. The Council…
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When Kevyn Orr was announced as Detroit's emergency manager, he said he took the job because of the challenge - the "Olympics of restructuring" he called…
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Update 12:45The meeting has ended. We'll have updates later today on Orr's plan and reaction to it from other stakeholders.The Detroit Free Press' Matt…
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Detroit’s emergency manager Kevyn Orr sits down with the city’s major creditors Friday.The meeting sets up negotiations that could help Detroit avoid…
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In a recent piece in Bloomberg, Virginia Postrel (a political and cultural writer) argues that the "cause of art would be better served" if the DIA's…
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The Detroit News' Christine Ferretti writes this morning that other Detroit cultural institutions are on high alert after the news came that assets at the…