iOS app Android app

Detroit Bailout

Friday Talking Points -- Nous Sommes Charlie Hebdo

Chris Weigant | Posted 03.11.2015 | Politics
Chris Weigant

Je suis Charlie Hebdo. In fact, let's go even further: Nous sommes Charlie Hebdo. Because we are all Charlie, this week. However, most of the American media cravenly allowed the terrorists to dictate their editorial policy this week, which is truly disappointing.

Rebuilding Detroit, One Small Business at a Time

Paul Proctor | Posted 07.20.2014 | Small Business
Paul Proctor

Every business, including my own, has its own self-sustainment as its primary goal; yet, we Detroiters tend to include in our personal goals a desire - a need - to help Detroit.

Detroit: A Story of Bankruptcy, Hope, and the Road to Settlement

Matthew Fossen | Posted 06.14.2014 | Detroit
Matthew Fossen

It has been nearly a year since Detroit filed for bankruptcy, and in the four months since being granted bankruptcy protection eligibility, the road to recovery still looks long amid the city's latest revision to its bankruptcy plan.

Jon Ward

Rand Paul Has A Plan To Save Detroit | Jon Ward | Posted 01.23.2014 | Politics

Rand Paul traveled to Detroit Thursday to pitch his new idea to the city: a bailout with its own money. Paul, a Republican Kentucky senator and li...

Broke Detroit Getting Big Help From The Feds

AP | COREY WILLIAMS | Posted 11.26.2013 | Politics

DETROIT — The U.S. government directed more than $100 million in grants Thursday to help bankrupt Detroit tear down vacant buildings and spur jo...

LOOK: These Foreign Nations ALL Get More Federal Aid Than Detroit

Posted 08.22.2013 | Politics

The nation of Colombia receives more federal aid than bankrupt Detroit... and it's not the only country getting more cash from the feds. Even thoug...

Detroit And Wall Street: The Moral Conflict Between Pensioners and Bankers

Richard Brodsky | Posted 10.16.2013 | Politics
Richard Brodsky

As the dust settles after the initial Detroit bankruptcy filing, all sorts of unanswered questions and economic choices are getting clearer.

How a Progressive Tax System Made Detroit a Powerhouse (and Could Again)

Mary Manning Cleveland | Posted 10.12.2013 | Detroit
Mary Manning Cleveland

After 1950, Detroit began to shrink, the first break in its sensational upward trajectory. What happened? Some blamed the end of the war, but America was pouring billions into the Interstate Highway System. The world wanted American cars and trucks. The causes of decline must have been internal.

Tapping the 'Hardest Hit Fund' to Help Detroit

Jared Bernstein | Posted 10.05.2013 | Detroit
Jared Bernstein

Tapping the HHF more deeply for Detroit seems like an excellent example of an action the president could take that's wholly consistent with the position he's staked out in recent weeks about going around the do-nothing Congress.

INFOGRAPHIC: What $18 Billion Can Buy

Posted 11.11.2013 | Detroit

Since the extent of Detroit's fiscal crisis was revealed when the city filed for bankruptcy last month, efforts have been made to quantify its assets,...

Feds Aren't Interested In Detroit Bailout

AP | TOM RAUM | Posted 09.19.2013 | Detroit

WASHINGTON — During the bleakest days of the Great Recession, Congress agreed in bipartisan votes to bail out two of Detroit's biggest businesse...

Obama Campaign Releases Ohio-Centric Campaign Ad Touting Auto Bailout, Knocking Romney

The Huffington Post | Sabrina Siddiqui | Posted 10.19.2012 | Politics

President Barack Obama's reelection campaign released a new Ohio-centric television ad Friday, touting his administration's bailout of the auto indust...

Congressman Asks For $500 Million In Federal Loans To Detroit

The Huffington Post | David Sands | Posted 03.30.2012 | Detroit

As Michigan Gov. Rick Snyder wrangled with Detroit City Council and the mayor's office over a possible consent agreement to address the city's financi...

Michigan, Detroit and the Fall of the Byzantine Empire

James Melton | Posted 05.19.2012 | Detroit
James Melton

Folks, it's time to just shut up and focus on what's coming at us across that metaphorical Dardanelles Strait. If the walls are breached, it really won't matter whose fault it is or how it happened. We'll all be in a bad way.

Sharon Silke Carty

Detroit Baffled By Romney | Sharon Silke Carty | Posted 02.15.2012 | Business

DETROIT -- Three and a half years ago, as the auto companies at the heart of this battered city faced bankruptcy, Texas Bar and Grill on Kercheval Str...

Sharon Silke Carty

Chrysler Super Bowl Ad Raises Questions About Underlying Political Message | Sharon Silke Carty | Posted 02.09.2012 | Business

On Monday, responding to a barrage of criticism from conservative pundits and some football fans, Chrysler chief executive Sergio Marchionne denied th...

Are We Over It?

AP | By TOM KRISHER | Posted 11.17.2011 | Detroit

DETROIT -- The American public has gotten past its animosity toward General Motors for taking a government bailout in 2009, the company's top executiv...

As a Country, We Are in Free-Fall

David Macaray | Posted 12.09.2011 | Business
David Macaray

We hear "sell-out" applied to the United Auto Workers and, unfortunately, we hear it applied with little or no understanding of how ferociously the union resisted it, or how forcefully the two-tier configuration was crammed down their throats.

Rejoicing in Detroit's Newfound Sports Success

Danny Groner | Posted 12.09.2011 | Sports
Danny Groner

Still lurking in the shadows are the tough economic times the city has endured, and dark days for one of the country's most famous business towns. Here, a roundup of what commentators are saying about the Motor City's rise from the ashes.

Chrysler's Debt Repayment Turns Would-Be Profit Into Loss

AP | TOM KRISHER | Posted 09.25.2011 | Business

DETROIT — The cost of paying off government debt kept Chrysler from making money in the second quarter, but that didn't stop its cars from selli...

Volvo Sales Back To Pre-Financial Crisis Levels

AP | By KARL RITTER | Posted 09.21.2011 | Business

STOCKHOLM -- Truck maker Volvo AB's second-quarter profit surged 63 percent as sales returned to levels last seen before the financial crisis, the Swe...

Taxpayers Stand To Lose $1.3 Billion From Chrysler Bailout

Posted 09.20.2011 | Business

DETROIT (Deepa Seetharaman) - The U.S. and Canadian governments exited their investments in Chrysler Group LLC on Thursday, allowing Italy's Fiat ...

Auto Industry's Output Falls As Manufacturing Growth Flatlines

AP | By MARTIN CRUTSINGER | Posted 09.14.2011 | Business

WASHINGTON -- U.S. auto factories produced fewer goods in June than the previous month, and overall factory production was flat. It marked the third s...

Detroit Auto Companies Struggle With Union Profit-Sharing Idea

Posted 09.04.2011 | Business

DETROIT (Bernie Woodall) - Over the past two years, Ford Motor Co has roared back from the brink of failure, won accolades for its gains in qualit...

Americans Need To Lower Their Expectations, Ex-GM Executive Says

Posted 08.01.2011 | Business

DETROIT (Ben Klayman) - The United States has a window of opportunity to dump its reputation as a nation of importers and get back to being a glob...