THE DETROIT NEWS VIA VERNE STRICKLAND Once the nation’s fourth - TopicsExpress



          

THE DETROIT NEWS VIA VERNE STRICKLAND Once the nation’s fourth largest city, Detroit was hailed as an industrial hub with nearly 2 million people. Today, there are about 700,000 residents after a half-century of residential flight, high unemployment, a significant reduction in state funding, plummeting income and property taxes, corruption and chronic mismanagement. The filing serves as a grim reminder of the bankruptcies in the auto industry four years ago. Unlike the cases of General Motors and Chrysler in 2009, the White House offered no financial help. From The Detroit News: detroitnews/article/20130718/METRO01/307180103#ixzz2ZTHwldOe
Posted on: Fri, 19 Jul 2013 06:46:46 +0000

Trending Topics



Recently Viewed Topics




© 2015