Detroit bankruptcy given green light as judge says it should have happened years ago and thousands of workers and retirees protest over pension cuts

 

Outgoing mayor Dave Bing will be replaced in January by former hospital executive Mike Duggan, he first white mayor in largely black Detroit since the 1970s, in January
Outgoing mayor Dave Bing will be replaced in January by former hospital executive Mike Duggan, he first white mayor in largely black Detroit since the 1970s, in January

Detroit, a manufacturing hub that offered well-paying blue-collar jobs, peaked at 1.8 million residents in 1950 but has lost more than a million people since then.

With more square mileage than Manhattan, Boston and San Francisco combined, the city does not have enough tax revenue to reliably cover pensions, retiree health insurance and buckets of debt sold to keep the budget afloat.

Donors have written checks for new police cars and ambulances. A new agency has been created to revive tens of thousands of streetlights that are dim or simply broken after years of vandalism and mismanagement.

Former hospital executive Mike Duggan takes over as mayor in January, the third mayor since Kwame Kilpatrick quit in a scandal in 2008 and the first white mayor in largely black Detroit since the 1970s.

 

Orr is in charge at least through next fall, although he’s expected to give Duggan more of a role at city hall than the current mayor, Dave Bing, who has little influence in daily operations.


Read more: http://www.dailymail.co.uk/news/article-2517771/Detroit-bankruptcy-given-green-light.html#ixzz2mSdMzR8x

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