More Detroit Bankruptcy Articles

  • Should the bankrupt, blighted city of Detroit turn in its charter?

    Should the city of Detroit turn in its charter and go out of existence? A good friend of mine proposed this, many years ago, and I thought it absurd. It seems less so now. Now comes Dennis Lennox, former Cheboygan County drain commissioner and Republican public affairs consultant, writing in the...

  • Judge to interview experts in Detroit bankruptcy

    DETROIT (AP) — A former New York lieutenant governor is among the candidates to be interviewed as a possible expert in the Detroit bankruptcy case. Judge Steven Rhodes wants a set of fresh, experienced eyes to offer opinions as Detroit tries to emerge from bankruptcy this year. Richard...

  • Detroit bailout plans just paper over the problem with more money

    In Detroit's unfolding saga, the only innocent victims are city residents. So if there is any case for a Motown bailout, it is to make the city more livable for them. However, that seems to be the main goal of neither the Democratic White House nor the state's Republican governor -- both of...

  • Judge wants Detroit mayor to back bankruptcy plan

    DETROIT (AP) — Looking years ahead, the judge overseeing Detroit's bankruptcy said Thursday he wants assurances from the mayor and other elected leaders that they'll follow a final plan that likely cuts pensions, sheds debt and plows millions into better services. The bankruptcy case — the...

  • Detroit still needs $350M from state lawmakers

    DETROIT (AP) — Pressure was building Wednesday for Michigan lawmakers to commit $350 million to Detroit pensions, a day after the city reached tentative agreements with pension funds and a retiree group to reduce payouts. The city has an $816 million pledge from foundations, philanthropists...

  • Detroit strikes 2nd deal with its other retirees

    DETROIT (AP) — The Detroit pension fund that covers all retirees except former police officers and firefighters says it has reached a tentative agreement with the bankrupt city. Tina Bassett, a spokeswoman for the city's general pension fund, says retirees would see a 4.5 percent cut and...

  • Free Press columnist wins Pulitzer for commentary

    DETROIT (AP) — Detroit Free Press columnist Stephen Henderson has been awarded a Pulitzer Prize for his commentary on the city's financial crisis, it was announced Monday. The Pulitzers are given out each year by Columbia University in New York on the recommendation of a board of journalists...

  • Judge approves Detroit swaps deal with 2 banks

    DETROIT (AP) — Detroit can move ahead with a plan to settle a ruinous multimillion-dollar debt with two banks for $85 million, a judge said Friday as he also urged the bankrupt city and other creditors to reach more deals. Bankruptcy Judge Steven Rhodes signed off on the agreement to pay UBS...

  • Detroit reaches bankruptcy deal over some bonds

    The city of Detroit reached a deal in bankruptcy over $388 million in bonds, mediators announced Wednesday, a significant agreement that could influence other creditors to try to get a settlement.

  • Detroit creditors still have eye on city-owned art

    DETROIT (AP) — Some creditors in Detroit's bankruptcy with eyes on city-owned art say they've found buyers willing to pay more than $1 billion for parts or all of the collection. The disclosure was made in a court filing Wednesday. The creditors are asking bankruptcy Judge Steven Rhodes to...

  • Detroit hopes to exit bankruptcy by Oct. 15

    DETROIT (AP) — The emergency manager running Detroit says he wants to see the city get out of bankruptcy by Oct. 15. Kevyn Orr's 18-month term expires in September, but he can stay unless the City Council and Mayor Mike Duggan remove him. Orr made his remark about a bankruptcy exit Thursday...

  • For kids of bankrupt Detroit, challenges abound

    In a city scarred by broken promises, the Moore brothers, James and Robert, and fellow student Chelsea Inyard are among the lucky ones. The teenagers attend one of Detroit's most promising new public schools.



From the Weekly Standard

  • Why the New York Times Poll Is Bogus

    The Arkansas Senate race has been close in virtually every serious poll. The Republican challenger, Tom Cotton, probably had a small lead a month or so ago; after a massive negative assault on him...

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  • Hustle Is Overrated

    The Bryce Harper-Mike Trout showdown is underway and the outcome is, well, inconclusive. In round one Monday night, the Nationals leftfielder walked and went hitless in three at bats while the...

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  • Kennedy’s Question

    We often think of the Constitution as a two-part document: first the original 1787 text, which primarily establishes the government’s structure; and then the amendments, which primarily set...

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