
“Michigan Governor Rick Snyder tapped a restructuring expert who helped successfully steer Chrysler through a government-backed bankruptcy to lead a state takeover of Detroit. The move by a white, Republican governor to take control of a predominantly black and Democratic city has drawn intense criticism and charges of racism. The choice of Kevyn Orr, an African American and Democrat who grew up in Michigan, should help stem some of that criticism. Emergency managers have the power to eliminate entire departments, change labor contracts, sell city assets and rewrite laws without any public review or input.”
Related posts:
The Best U.S. Metros for Recent College Grads Looking for Work
Lawsuit: Police beat Clayton man after ignoring plea for medical help
Greece Seeks Taxes From Investors in London Property
How should you protect yourself from cyber surveillance?
When the highway robber wears a badge
Decoding Bitcoin
Human Rights Watch: U.S. covering up the extent of waterboarding in CIA prisons
U.S. builders hoard mineral rights under new homes
Bay Area recreational marijuana options expand with online delivery
Ingham County judge rules Detroit bankruptcy be withdrawn
Fed links leveraged ETFs to 1987 crash
Fed ends 'too big to fail' lending to collapsing banks, with caveats
460 parents have been permanently separated from their children via deportation
'Civil war' divides families in row over Greek goldmine
Canadian banks to be compelled to share clients' info with U.S.