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Thursday, July 18, 2013

The Motor City files for bankruptcy and of course the NY Ttimes cries racism. Without the NY Times, the world could be peaceful. Without hate the NY Times has no reason to exist. Updated: Bankruptcy cancelled, would 'dishonor Obama'

7/19/13, "Ingham County judge rules Detroit bankruptcy be withdrawn; Schuette appeals," Detroit News, Gary Heinlein

"“It’s also not honoring the (United States) president.""...the judge said.

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7/19/13, "Once-mighty Motor City files for bankruptcy," New Zealand Herald

"Detroit has become the largest city in US history to file for bankruptcy, as the state-appointed emergency manager filed for Chapter 9 protection.

Kevyn Orr, a bankruptcy expert, was hired by the state in March to lead Detroit out of a fiscal free-fall and made the filing Thursday in federal bankruptcy court.

A number of factors - most notably steep population and tax base falls - have been blamed on Detroit's tumble toward insolvency. Detroit lost a quarter-million residents between 2000 and 2010. A population that in the 1950s reached 1.8 million is struggling to stay above 700,000. Much of the middle-class and scores of businesses also have fled Detroit, taking their tax dollars with them."...
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7/19/13,  "Detroit’s Creditors and Unions Prepare for Bankruptcy Fight," New York Times

..."All along, the state’s involvement — including Mr. Snyder’s decision to send in an emergency manager — has carried racial implications, setting off a wave of concerns for some in Detroit that the mostly white Republican-led state government was trying to seize control of Detroit, a Democratic city where more than 80 percent of residents are black."...(parag. 13)

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7/18/13, "When 60 Years Of Lies Clash With Reality: Michigan Governor Snyder Authorizes Detroit's Bankruptcy," Zero Hedge
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10/13/12, "Obama: I "refused to let Detroit go bankrupt"," CBS News, Lucy Madison


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