Tag Archives: Detroit bankruptcy
Detroit’s Bankruptcy Postmortem: The Worms Keep Slithering Out
You may have seen recent revelations that Detroit routinely raided its pension funds to award extra cash – including bonuses dubbed “the 13th check” – to both retirees and active employees. These payments were far in excess of the city’s … Continue reading
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Tagged Detroit bankruptcy, Detroit Free Press, detroit pension shortfalls, john riehl, Tina Bassett
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Now That Detroit’s Gone Bust, Is Your City Next?
Detroit’s bankruptcy filing is one depressing read. Poverty, crime, blight – you name the malady and there’s plenty of data to back it up. And unfortunately, Detroit’s not alone. You may be wondering which city hits the wall next.
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Tagged Birmingham, Boston, Buffalo, Camden, Census Bureau, Cincinnati, Cleveland, Dayton, Detroit, Detroit bankruptcy, Flint, Gary, Minneapolis, Motor City, New Orleans, Newark, Philadelphia, Ponzi Scheme, population loss, Saint Louis, Scranton, Washington D.C., Youngstown
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