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Detroit is bankrupt but neighboring Oakland County is booming

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Bloomberg’s Drake Bennett and Mark Niquette report that even though Detroit has declared bankruptcy, the neighboring Oakland County is booming. The county’s population has tripled since 1950 and enjoys a Triple-A bond rating. Part of the reason, the story notes, is that the county executive L. Brooks Patterson reformed the county worker pensions. Patterson oversees 4,000 employees and a budget...

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