Detroit Is Officially Bankrupt, Judge Says

A U.S. bankruptcy judge has decided that the city of Detroit can enter into bankruptcy, about five months after the city filed for the largest municipal bankruptcy in history. At stake is the future of pensions for thousands of city retirees and artwork in the Detroit Institute of Art worth millions. » 12/03/13 11:43am 12/03/13 11:43am

What Role Did The Auto Industry Play In Detroit's Decline?

Last month, the Detroit Free Press offered a superb explanation of how exactly Detroit went bankrupt. Today, The Detroit News is up to bat, and although their analysis is sadly lacking in .GIFs, it does share more insight on how the industry that drove the Motor City to success also drove it to failure. » 10/07/13 9:41am 10/07/13 9:41am

What Exactly Happens Now That Detroit Is Bankrupt?

Yesterday Detroit declared bankruptcy. It's the biggest American city ever to do so, and as I thought about that I realized I didn't really know what that actually meant for the city. Was the US Landlord General going to kick everyone out and change the locks? So I decided to see exactly what happens to a bankrupt… » 7/19/13 2:10pm 7/19/13 2:10pm

We Love Detroit, Even If You Don't

Detroit is bankrupt. Does it hurt to write those words? Honestly, it doesn't. It hurts as much as ripping a Band-Aid off. Detroit is bankrupt. Detroit is bankrupt. Detroit is bankrupt. I can say it a million times, but the emotional effects are minimal. Call it being jaded, or maybe just putting your head in the sand.… » 7/19/13 9:58am 7/19/13 9:58am