Detroit Journalism Cooperative

Opinion
11:25 am
Fri May 23, 2014

Detroit "bailout" bashers target the DIA's millage

Last week it seemed anything but certain that the package of bills authorizing state money for the Detroit “grand bargain” would pass.

And nobody expected they would pass by margins as high, in one case, as 105 to 5.

Which just shows once again that real life is usually stranger than fiction.

There is lingering bitterness over one bill, however: the one that prevents the Detroit Institute of Arts from asking for a renewal of its millage when it expires.

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Politics & Government
10:24 pm
Thu May 22, 2014

Detroit aid package clears first major hurdle in Lansing

Credit Lester Graham / Michigan Radio

The $195 million state contribution to the Detroit bankruptcy settlement cleared its first major hurdle today, as the state House approved the payment by a wide margin.

Applause erupted as the final bill in the Detroit package was approved by a lopsided majority. 

There were plenty of complaints about parts of the bills – such as years of post-bankruptcy state oversight, and the big withdrawal from the state’s “rainy day” savings.

The package also includes financial oversight requirements that could last for many years.

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Stateside
4:13 pm
Thu May 22, 2014

JPMorgan Chase brings $100 million boost to Detroit

Credit Shawn Wilson / Wikimedia Commons

This week brought a $100 million boost to Detroit from JPMorgan & Chase.

Having a titan of Wall Street come to the Motor City with that big bag of money has meaning on many levels. 

Detroit News business columnist Daniel Howes joined us. 

*Listen to the full interview above. 

Detroit
1:41 pm
Thu May 22, 2014

Jamie Dimon says $100 million investment in Detroit was not done for charity

Credit Shawn Wilson / Wikimedia Commons

For a lot of people, Jamie Dimon will forever be linked to the mortgage crisis that hit Detroit as hard as any city.

But there was no mention of that at yesterday's announcement, of course. Instead, there was a plated lunch - chicken and salad, with cupcakes - an uplifting video, and a standing ovation led by Michigan's governor, Rick Snyder.

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Detroit
11:58 am
Thu May 22, 2014

Koch brothers' group tries to derail Detroit bankruptcy deal

Detroit's skyline.
Lester Graham Michigan Radio

Michigan lawmakers are debating a $200 million aid package for Detroit as the city moves through bankruptcy. Until now, state lawmakers haven’t been willing to help it with anything that could be called a “bailout.”

While Governor Rick Snyder supports the current deal, many of his fellow Republicans appear to be balking, especially after a threat of political retribution from the Koch Brothers political network.

Detroit officials have been doing lots of talking in Lansing for the past week, lobbying hard for the state aid package.

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Politics & Government
6:00 am
Thu May 22, 2014

JPMorgan comes to Detroit with $100M plan, and gets a warm welcome

James Dimon
Credit en.wikipedia.org

Global financial giant JPMorgan Chase is bringing Wall Street money to the Motor City.

JPMorgan CEO Jamie Dimon formally unveiled his company’s plans to put $100 million into a range of targeted initiatives at a Detroit luncheon Wednesday.

Dimon called the effort a “long term investment” in a rebounding city.

“We believe in Detroit’s future, and we want to see the city recover its economic strength,” said Dimon.

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Stateside
6:12 pm
Wed May 21, 2014

Michigan Legislature starts voting on "grand bargain" money for Detroit

The Michigan House of Representatives.
Credit Lester Graham / Michigan Radio

The first votes by state lawmakers on a $195 million cash infusion for Detroit happened today.

The newly formed House Committee on Detroit's Recovery and Michigan's Future approved an 11-bill package. The measures now go to the full state House.

While Gov. Rick Snyder supports the current deal, many of his fellow Republicans appear to be balking – especially after a threat of political retribution from the Koch brothers' political network.

*Listen to Sarah Cwiek's report above.

Weekly Political Roundup
5:17 pm
Wed May 21, 2014

Support for Detroit a political liability?

Credit Steve Carmody/Michigan Radio

This week on All Things Considered, host Jennifer White talks about the status of state support for the Detroit bankruptcy proceedings and the risk of political fallout for lawmakers who support such measures.We have that conversation with Ken Sikkema, former Senate Majority Leader and senior policy fellow at Public Sector Consultants, and Susan Demas, publisher of Inside Michigan Politics, 

Recently, Americans for Prosperity, a group funded by billionaires David and Charles Koch, announced they would run ads against a grand bargain for Detroit and against any Republican lawmaker who votes to support such a plan.

According to Ken Sikkema, while there may be some political risk involved for Republican lawmakers, it is imperative that the Legislature moves on this issue to get Detroit out of bankruptcy promptly.

Listen to the full interview above.

Politics & Government
8:26 am
Wed May 21, 2014

The week in Michigan politics: Detroit bankruptcy and minimum wage

Credit Lester Graham / Michigan Radio

This Week in Michigan Politics, Jack Lessenberry and Christina Shockley discuss the latest in the Detroit bankruptcy including:

  • An expected vote today in the state legislature on the $195 million bailout for Detroit
  • New York’s Lieutenant Governor, Richard Ravitch said yesterday in his testimony on Detroit’s bankruptcy that the “whole country is watching.”
  • The Koch brothers are buying attack ads targeting lawmakers who plan to help Detroit through bankruptcy
  • JP Morgan Chase is expected to announce it’s investing $100 million in Detroit.

Lessenberry also gave an update on the minimum wage debate in the state legislature.

Politics & Government
8:46 pm
Tue May 20, 2014

Committee vote expected in Detroit aid agreement

Detroit Mayor Mike Duggan wants the city to be able to get out from under state oversight if it's managing its finances.
Credit Mike Duggan

There could be a first vote tomorrow in the Legislature on an almost $200 million deal to aid the city of Detroit. Mayor Mike Duggan was one of those who testified prior to the historic vote. Duggan says, overall, he supports the plan.

“I want you to be comfortable we’re not going to be coming back in two years, four years, six years – that we’re going to solve this once and when we do solve it once, you’re going to be proud of how progress is made,” Duggan told the House Committee on Detroit’s Restructuring and Michigan’s Future.

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Stateside
3:00 pm
Tue May 20, 2014

Should businesses donate to help Detroit through bankruptcy?

Detroit's skyline.
Credit Lester Graham / Michigan Radio

A state House committee is expected to vote today on Michigan's proposed contribution to the "grand bargain."

That's the name of the agreement that softens the blow to city pensioners, while protecting city-owned treasures at the Detroit Institute of Arts.

The $816 million grand bargain draws money from local and national foundations, the state, and the DIA.

Detroit Free Press business columnist Tom Walsh believes it is time for another face at the grand bargain table: business.

In a recent column, Walsh said, "The business sector must ante up to get Detroit out of bankruptcy fast."

He joined us to explain to us why.

Listen to the full interview above. 

Politics & Government
1:32 pm
Mon May 19, 2014

The 'Grand Bargain' may see progress this week at the state capitol

Governor Snyder hopes the State House will make progress toward approving the ‘Grand Bargain’ this week.

Critics complain it’s not fair for the rest of the state to pay for Detroit’s financial missteps. Supporters say restoring Detroit to financial health is important to all of Michigan.Credit Steve Carmody / Michigan RadioEdit | Remove

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Opinion
10:48 am
Mon May 19, 2014

Detroit’s comeback needs to include those left behind in the city

For the past year, for the first time in decades, people in the suburbs, in Lansing, and across America are thinking about Detroit.

Everybody has had to face that Detroit is broken, hopelessly in debt, largely a shattered ruin, and that city services, the schools and so much else doesn’t work.

For many years, everyone knew things were bad, but nobody did much about it.

The political class running the city denied the extent of the problem and did not welcome outside intervention. The rest of us mostly said, fine.

Now, however, things are very different.

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Investigative
7:00 am
Mon May 19, 2014

City bankruptcy doesn't mean Detroit business at a dead stop

The Detroit City Distillery will open at Eastern Market in late June or early July. The business indicates it will use Michigan grain in its whiskey, gin, and vodka. It will use produce from the farmers market.
Credit Tammy Coxen

The City of Detroit might be going through bankruptcy, but the commerce of Detroit is growing in some areas. A new business that will open this summer is the latest in a fast-growing trend.

Tucked away in the Eastern Market on Riopelle Street is a nondescript building. Go through the squeaky, jail-like door and you'll see one of Michigan’s newest whiskey, gin, and vodka distillers, the Detroit City Distillery.

Right now, though, it’s mostly a dusty construction site. There are no whiskey barrels here- yet. They’re stored at a licensed facility. There’s no copper pot still- yet. It’s being manufactured in Germany right now.

But they do have a classic wooden bar. Michael Forsyth and his partners found it in a vacant storefront in downtown Detroit and bought it.

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Politics & Government
7:00 am
Mon May 19, 2014

Will objections slow Detroit's trip through bankruptcy?

Detroit’s bankruptcy process has been speedy so far--but hit a few apparent stumbling blocks last week, as creditors filed a slew of objections to the city’s plan of adjustment.

They included representatives for some Detroit bondholders, who are upset about the proposed “grand bargain” to use more than $800 million to minimize pension cuts, and protect the Detroit Institute of Arts from possible liquidation.

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Politics & Government
7:24 pm
Thu May 15, 2014

Hearings continue for Detroit recovery plan

Credit user: {megan} / Flickr

The newly-formed state House committee on Detroit's recovery and Michigan's future continued its hearings today.

At stake is exactly what the state's role should be in helping Detroit out of bankruptcy, and whether the state will kick in $195 million to the "grand bargain" to shore up pensions and protect the city's art collection. 

Detroit News business columnist Daniel Howes, joined us. 

*Listen to the full interview above. 

Politics & Government
9:11 am
Wed May 14, 2014

Detroit's 'grand bargain', minimum wage, and Conyers make political headlines

Credit Lester Graham / Michigan Radio

This Week in Michigan Politics, Jack Lessenberry and Christina Shockley discuss the grand bargain for the Detroit bankruptcy, the debate over the minimum wage and whether Detroit Congressman John Conyers has a chance to continue his nearly 50 years in Congress.

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Investigative
7:00 am
Wed May 14, 2014

Poll: Snyder's approval ratings; myths about Detroit

Credit Steve Carmody / Michigan Radio

Impressions of Republican Gov. Rick Snyder are more negative than positive among voters, even when you factor out the heavily Democratic city of Detroit, according to a poll released yesterday.

This poll was commissioned by Michigan Radio and its partners in the Detroit Journalism Cooperative.

The poll is unique because it does not include voters from the city of Detroit.

Among the data was a question asking how voters would rate the job Rick Snyder has done as Michigan’s governor. Since Snyder is a Republican and voters in Detroit are overwhelmingly Democratic, you might expect Snyder to do really well outside the city. But 52% of voters rated Gov. Snyder as having done a

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Politics & Government
4:49 pm
Tue May 13, 2014

Orr visits Lansing looking for some help

Credit Michigan Radio

Detroit Emergency Manager Kevyn Orr was in Lansing today.  He told a state House committee Detroit’s bankruptcy settlement and recovery plan cannot succeed without an infusion of money from taxpayers.

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Stateside
4:24 pm
Tue May 13, 2014

New poll shows majority think Detroit is on the wrong track

A new poll reveals how Michiganders feel about helping Detroit's financial recovery.
Credit user: {megan} / Flickr

New polling out just this morning sheds some light on how folks who live outside of Detroit feel about this possible settlement, in which money would go from Lansing to Detroit.

As part of the Detroit Journalism Cooperative, Michigan Radio's Lester Graham and Sarah Cwiek have been poring over the results of our Epic MRA poll. They joined us to discuss how people feel about the state giving money to help Detroit's recovery. 

*Listen to the full interview above. 

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