emergency managers

The city of Detroit, which has been basically issuing bonds to pay for daily expenses since 2005, is in such bad fiscal shape that even people who bought exurban McMansions in 2005 with reverse-money-down ARMs think the city is in a financial mess. That’s why America’s favorite pro-”right-to-work” nerd-governor, Rick Snyder, is going to appoint an emergency [...]

Remember Detroit? It’s a city in Michigan that used to be the thriving hub of the United States’ manufacturing industry. It was the Silicon Valley of its day, full of well-paid workers and virulently anti-semitic managers that nevertheless believed in corporate responsibility to the social contract. Sadly that city has fallen on hard times in the [...]

Over two hundred thousand people in Michigan are unhappy about a state law that allows Republican governor Rick Snyder to declare martial financial law in struggling municipalities and bypass local governments by installing wee tyrant “emergency financial managers” who are allowed to void the official status of public unions, sell off public assets, declare dead [...]


blog advertising is good for you