{"id":940,"date":"2013-07-19T09:39:00","date_gmt":"2013-07-19T09:39:00","guid":{"rendered":"http:\/\/admin.patheos.com\/blogs\/janetheactuary\/2013\/07\/in-the-news-today-detroit-declares-bankruptcy.html"},"modified":"2013-07-19T09:39:00","modified_gmt":"2013-07-19T09:39:00","slug":"in-the-news-today-detroit-declares-bankruptcy","status":"publish","type":"post","link":"https:\/\/www.patheos.com\/blogs\/janetheactuary\/2013\/07\/in-the-news-today-detroit-declares-bankruptcy.html","title":{"rendered":"In the news today:  Detroit declares bankruptcy"},"content":{"rendered":"<!DOCTYPE html PUBLIC \"-\/\/W3C\/\/DTD HTML 4.0 Transitional\/\/EN\" \"http:\/\/www.w3.org\/TR\/REC-html40\/loose.dtd\">\n<html><head><meta http-equiv=\"content-type\" content=\"text\/html; charset=utf-8\"><meta http-equiv=\"content-type\" content=\"text\/html; charset=utf-8\"><\/head><body><p>No, I don\u2019t have a link.\u00a0 It\u2019s in the papers.\u00a0 The biggest unknown is what city assets will have to be liquidated (zoo?\u00a0 art in the museum?\u00a0 Belle Isle?) or whether they\u2019ll be protected in some legal or extra-legal fashion (that is, in the same way as the UAW\u2019s stake in the automakers was protected while senior creditors lost everything).<\/p>\n<p>Detroit just doesn\u2019t have much of a way forward.\u00a0 Fundamental problems with its economy and workforce (reportedly, nearly half of its adults are functionally illiterate \u2014 google \u201cDetroit\u201d \u201cfunctionally illiterate\u201d) combined with decades of mismanagement and corruption in city government have seen to that.\u00a0 Areas that maybe a decade or two ago were reported to be gentrifying (the historic district of Brush Park, with grand houses) are now being stripped for copper, demolished, or otherwise just disappearing.\u00a0 Detroit\u2019s flagship department store, Hudsons (google Detroit Hudsons building), was demolished in 1998.\u00a0 I hate to say it, but Robocop was prophetic.<\/p>\n<p>Detroit will not \u2014 for a good long time, at the least \u2014 be able to be an independent city.\u00a0 No matter how much money is saved by good government, Detroit will be like the intellectually disabled man wiping down tables at McDonald\u2019s, doing his best, but still needing subsidies and life in a group home, not able to live independently.\u00a0 That\u2019s really harsh, but what else is there to say?\u00a0 \u2014 and I say that as someone who grew up in suburban Detroit and whose parents still live in the area.<\/p>\n<\/body><\/html>\n","protected":false},"excerpt":{"rendered":"<p>No, I don\u2019t have a link.\u00a0 It\u2019s in the papers.\u00a0 The biggest unknown is what city assets will have to be liquidated (zoo?\u00a0 art in the museum?\u00a0 Belle Isle?) or whether they\u2019ll be protected in some legal or extra-legal fashion (that is, in the same way as the UAW\u2019s stake in the automakers was protected [&hellip;]<\/p>\n","protected":false},"author":2209,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-940","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>In the news today: Detroit declares bankruptcy<\/title>\n<meta name=\"description\" content=\"No, I don&#039;t have a link.&nbsp; It&#039;s in the papers.&nbsp; The biggest unknown is what city assets will have to be liquidated (zoo?&nbsp; art in the\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.patheos.com\/blogs\/janetheactuary\/2013\/07\/in-the-news-today-detroit-declares-bankruptcy.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"In the news today: Detroit declares bankruptcy\" \/>\n<meta property=\"og:description\" content=\"No, I don&#039;t have a link.&nbsp; It&#039;s in the papers.&nbsp; The biggest unknown is what city assets will have to be liquidated (zoo?&nbsp; art in the\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.patheos.com\/blogs\/janetheactuary\/2013\/07\/in-the-news-today-detroit-declares-bankruptcy.html\" \/>\n<meta property=\"og:site_name\" content=\"Jane the Actuary\" \/>\n<meta property=\"article:published_time\" content=\"2013-07-19T09:39:00+00:00\" \/>\n<meta name=\"author\" content=\"Jane the Actuary\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Jane the Actuary\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.patheos.com\/blogs\/janetheactuary\/2013\/07\/in-the-news-today-detroit-declares-bankruptcy.html\",\"url\":\"https:\/\/www.patheos.com\/blogs\/janetheactuary\/2013\/07\/in-the-news-today-detroit-declares-bankruptcy.html\",\"name\":\"In the news today: Detroit declares bankruptcy\",\"isPartOf\":{\"@id\":\"https:\/\/www.patheos.com\/blogs\/janetheactuary\/#website\"},\"datePublished\":\"2013-07-19T09:39:00+00:00\",\"dateModified\":\"2013-07-19T09:39:00+00:00\",\"author\":{\"@id\":\"https:\/\/www.patheos.com\/blogs\/janetheactuary\/#\/schema\/person\/ed9b99e0bd58c5eeeebae6b82fa5a77a\"},\"description\":\"No, I don't have a link.&nbsp; 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