1. Broken City.
- Author
-
Foroohar, Rana, Chapman, Mary M., Levin, Doron P., Dockterman, Eliana, and Manibog, Claire
- Subjects
ECONOMIC history ,MUNICIPAL bankruptcy ,FINANCIAL bailouts ,DEMOCRACY ,AUTOMOBILE industry ,GOVERNORS ,FINANCE - Abstract
The article discusses Detroit, Michigan's decision to file for bankruptcy on July 18, 2013, focusing on the potential impact of the city's bankruptcy on the rest of the U.S. American democracy and several federal bailouts for the U.S. automobile industry are addressed, along with Michigan Governor Rick Snyder, a multi-million dollar budget shortfall in Detroit, Michigan, and pension cuts for public workers in the city. Mayor Dave Bing and the homicide rate in Detroit, Michigan are examined.
- Published
- 2013