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Despite bankruptcy, crony capitalism alive and well with Detroit's new Red Wings arena

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Anyone who wants to understand how Detroit got into its current mess should look at the new Red Wings arena that Michigan's powers that be recently decided to foist on it. The arena is being sold as a win-win that'll position the city for a post-bankruptcy comeback. In reality, it is a body slam for Motown and a hat trick for the Red Wings owner, billionaire Mike Ilitch. The arena is the...

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