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A bill passes the Michigan legislature for $200 million to go to support Detroit retirees. Michigan governor is authorized under the bill to appoint seven members to a financial review panel that will oversee the city's finances for many years, including specific approval of items over $750,000.
Grouped Articles
$200 Million Could Curb Pension Cuts in Detroit
New York Times 05/22/2014
Judge Rosen is given credit for coming up with an innovative solution of having the nation's biggest foundations such as the Ford Foundation come up with $370 million to help keep open the Detroit Museum of Art and pay city pensions.
Grouped Articles
Mediator in Detroit Bankruptcy Walks Fine Line Between City, Creditors
Wall Street Journal 02/15/2014
Detroit files plan to fix debt, leave bankruptcy - The Washington Post
Washington Post 02/22/2014
Detroit's Broken Buses Vex a Broke City
Wall Street Journal 03/19/2014
Detroit WIns Judge's Nod for Contract Settlement
New York Times 04/11/2014
Wall Street Journal 04/25/2014
$200 Million Could Curb Pension Cuts in Detroit
New York Times 05/22/2014
In 2007-2012 the number of households without a car in Detroit increased by 5% to 26.2%, the fastest of an city in the U.S. Many people endure long commutes and long bus waits at stops in sub zero temperatures in 2014, as a city goes through bankruptcy lacking funds to fix the broken bus system. Major cities such as New York, Boston, and the D.C. area have rail systems, for years Detroit failed to put in place a rail system. The financial crisis of 2008 left many without the incomes to support keeping a car with high insurance rates.
Grouped Articles
Detroit's Broken Buses Vex a Broke City
Wall Street Journal 03/19/2014
Wall Street Journal 04/25/2014
$200 Million Could Curb Pension Cuts in Detroit
New York Times 05/22/2014
Crumbling, Destitute Schools Threaten Detroit’s Recovery
New York Times 01/20/2016
U.S. Household Incomes Surged 5.2% in 2015, First Gain Since 2007
WSJ 09/13/2016
Grouped Articles
Detroit Debt Proposal Favors Pension Funds
Wall Street Journal 01/31/2014
$200 Million Could Curb Pension Cuts in Detroit
New York Times 05/22/2014
Grouped Articles
For Detroit, New Stage in Its Race to Recover
New York Times 02/23/2014
Detroit's Broken Buses Vex a Broke City
Wall Street Journal 03/19/2014
$200 Million Could Curb Pension Cuts in Detroit
New York Times 05/22/2014
Detroit Task Force Says Blight Cleanup Will Cost $850 Million
New York Times 05/27/2014
Detroit tries unconventional approach to restoring its housing market - The Washington Post
Washington Post 11/27/2015
Grouped Articles
Foreclosures hit suburbs as layoffs surge, mortgages reset
Detroit News 04/13/2009
$200 Million Could Curb Pension Cuts in Detroit
New York Times 05/22/2014
Detroit Task Force Says Blight Cleanup Will Cost $850 Million
New York Times 05/27/2014
New York Times 05/04/2009
Inside Trump Treasury nominee's past life as 'foreclosure king' of California
The Guardian 12/02/2016
Grouped Articles
Wall Street Journal 04/25/2014
$200 Million Could Curb Pension Cuts in Detroit
New York Times 05/22/2014
Plan to Exit Bankruptcy Is Approved for Detroit
New York Times 11/07/2014
Grouped Articles
Wall Street Journal 07/19/2013
Washington Post 12/04/2013
Detroit Ruling on Bankruptcy Lifts Pension Protections
New York Times 12/03/2013
Detroit Launches New Program to Repair Streetlights
Wall Street Journal 12/09/2013
'Safe Harbor' in Bankruptcy Upended in Detroit Case
New York Times 12/23/2013
Judge Disallows Plan by Detroit to Payoff Banks
New York Times 01/16/2014
Grouped Articles
Judge Disallows Plan by Detroit to Payoff Banks
New York Times 01/16/2014
Detroit Debt Proposal Favors Pension Funds
Wall Street Journal 01/31/2014
For Detroit, New Stage in Its Race to Recover
New York Times 02/23/2014
Detroit WIns Judge's Nod for Contract Settlement
New York Times 04/11/2014
New York Times 04/03/2009
$200 Million Could Curb Pension Cuts in Detroit
New York Times 05/22/2014
Grouped Articles
Dan Gilbert’s Quest to Remake Downtown Detroit
New York Times 04/13/2013
Last Car Plant Brings Detroit Hope and Cash
New York Times 07/15/2013
Wall Street Journal 07/19/2013
Wall Street Journal 10/30/2013
Pension Pinch Busts City Budgets
Wall Street Journal 10/30/2013
Washington Post 12/04/2013
Grouped Articles
Wall Street Journal 02/01/2009
$200 Million Could Curb Pension Cuts in Detroit
New York Times 05/22/2014
Crumbling, Destitute Schools Threaten Detroit’s Recovery
New York Times 01/20/2016
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