So many articles (and a dissertation) to write about Detroit, so little time. Meanwhile, the New York Times’ Monica Davey keeps on writing about the struggling city, with a piece today about “Detroit Ruin.” The city is building a database, with pictures, of Detroit’s abandoned properties. Everyone here has long known that Detroit is plagued by…
Tag: detroit
Report Sets Values on Detroit Institute Artworks – NYTimes.com
The selloff begins… The overall estimate — which Christie’s said would total between $454 million and $867 million — covers about 2,800 pieces, or less than 5 percent of the institute’s entire collection because Detroit’s emergency manager, Kevyn D. Orr, asked Christie’s to focus only on pieces that had been bought with city funds. The…
Report: Detroit bankruptcy caused by state cuts, shrinking tax base, not long-term debt | Detroit Free Press | freep.com
While we wait for the federal judge to rule on Detroit’s petition for bankruptcy, a Demos report enters the fray: WASHINGTON — A New York-based think tank released a report today questioning Detroit Emergency Manager Kevyn Orr’s assertion that the city’s long-term debt is responsible for its fiscal problems, or that pension contributions are at…
Reparations From Banks – NYTimes.com
After five years, the banks are starting to be held to account. Last week, JP Morgan: The government’s attempts to hold banks accountable for their mortgage practices may finally be paying off. On Friday, JPMorgan Chase agreed to pay $5.1 billion to the regulator of Fannie Mae and Freddie Mac to resolve charges related to…
Bankruptcy for Ailing Detroit, but Prosperity for Its Teams – NYTimes.com
The Detroit slide into bankruptcy is like describing an elephant: hard to know where to start. The narratives circulating about Detroit are all fascinating, sometimes irritatingly (but predictably) simplistic but I think the reporting has improved with time, as reporters are forced to look for new angles. Here’s the New York Times’ latest piece: Detroit’s…