The entire car industry should probably study Tesla, to understand if and how it plans to take such market share from all current incumbents. Assuming they will all learn the same underlying secret, what car will they make after they finished their collective hypothetical study?
As the dust settles after the initial Detroit bankruptcy filing, all sorts of unanswered questions and economic choices are getting clearer.
If we demand that they help us improve the quality of the education being offered our children, they will have no choice but to listen.
I can't give up on Detroit. I'd rather hope, against long odds, for a successful comeback. Growing up, I was a diehard Tigers fan. Believing in the underdog was a way of life. I may no longer live there, but I'm still rooting for my old home town.
Too often, I suspect, we fall prey to the tyranny of "or." Choose one: competition or cooperation, and live with the consequences.
The weather dropped to an all-time low and I left a couple of warm blankets in the back seat, made sure that all my clothes were laundered and brought inside, and took comfort in knowing that someone was watching my car at night so at least I wouldn't get ripped off again.
Nothing. Seriously. Not a damn thing.Oh, the occasion is being used to opine on our state of affairs, but nothing is structurally taking shape in America to prevent the next Detroit from occurring. In fact, Detroit is occurring every day inside most of us. We are all getting bankrupt in so many little ways.
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.
Do you think the damage from the pending bankruptcy of the city of Detroit will be limited to Detroit? Think again. Detroit is partly the victim of economic trends far beyond its control, the downsizing and outsourcing of the auto industry and the collapse of the sub-prime bubble, to name just two. And yes, the city has suffered from corrupt and inept local government. But leaving Detroit to a bankruptcy process that favors investment bankers over local pensioners will neither provide a fair outcome nor contain the damage. It is a travesty that the federal government and the Michigan state government are not sending Detroit a lifeline. Other cities and states stand to lose both public services and pension benefits as this trend spreads. Chicago, which just suffered three levels of bond-downgrading, looks to be next.
At the heart of today's political gridlock is a sense of disconnect. Too many Americans feel disconnected from their government, their economy, and even their fellow citizens.
August 7, 2013: The first thing that I heard on my car radio this morning was our public radio station WDET sounding the call to support Detroit's Br...
While corporate profits soar and our biggest corporations increase in value by billions, the people of the city of Detroit, some of whom are also the customers and employees who keep those corporations in business, are insolvent.
The message we're sending other cities as well as our own citizens is it's OK to mismanage all of your money because the government will come riding in on the white horse to save you.
Seeking solace and confronted with the possibility of life on the streets 20 years ago, Xavier Nuez did what any photographer might do: "I was shooti...
Today, Chicago residents can count on their streetlamps working tonight and the police responding to emergencies in well under an hour. Unless they demand immediate action to address public employee retirement costs, that may not be true tomorrow.
Detroit -- I have discovered through my research -- is in Michigan. Quoth current Michigan Governor Rick Snyder: "I know many will see this as a low point in the city's history. If so, I think it will also be the foundation of the city's future." Good perspective.