Nov 232013
 

Demos Press Release, November 20, 2013 Modest Pension Benefits Play Little Role in Financial Crisis DETROIT — In their push for bankruptcy, Emergency Manager Kevyn Orr and other public figures are incorrectly looking at Detroit’s long-term debt—figures generated using aggressive and in some cases inaccurate assumptions—to the detriment of solving the City’s immediate cash-flow crisis […]

 November 23, 2013  Posted by at 3:25 am Uncategorized No Responses »
Nov 232013
 
The Detroit Bankruptcy

by Wallace Turberville, Demos, November 20, 2013 The City of Detroit’s bankruptcy was driven by a severe decline in revenues (and, importantly, not an increase in obligations to fund pensions). Depopulation and long-term unemployment caused Detroit’s property and income tax revenues to plummet. The state of Michigan exacerbated the problems by slashing revenue it shared […]

Nov 222013
 
Why Wasn’t the NSA Spying on Bloomberg Chat Rooms Where Unprecedented Market Rigging Was Taking Place?

This article raises an interesting question.  But, the NSA’s purpose is not to investigate Wall Street Terror – it’s purpose is to “aid and abet” the rule of the capitalist class. By Pam Martens, Wall Street on Parade, November 7, 2013 New York City’s Billionaire Mayor, Michael Bloomberg, Majority Owner of Bloomberg LP, Home of […]

 November 22, 2013  Posted by at 2:45 pm Uncategorized Tagged with: , ,  No Responses »
Nov 202013
 
Judge says no to secret fees in Detroit bankruptcy

by Kris Hamel, Workers World, November 18, 2013 In the struggle to stop the racist bankruptcy and emergency management imposed by the big banks on the city of Detroit, pickets chanted outside the downtown headquarters of Bank of America at lunchtime on Nov. 12. They targeted the financial giant because of its role — along […]

Nov 182013
 
Detroit bankruptcy means people versus banks

By Abayomi Azikiwe, Workers World, November 17, 2013 Federal Bankruptcy Judge Stephen Rhodes heard closing arguments Nov. 8 in the eligibility trial for what could be the largest municipal bankruptcy in U.S. history. The city of Detroit, represented by Jones Day — the law firm of the city’s state-imposed Emergency Manager, Kevyn Orr — attempted […]

Nov 152013
 
African Americans still not recovered from Great Recession

By Abayomi Azikiwe, Workers World, November 10, 2013 Despite claims that the country is in a gradual economic recovery, millions are being thrown into poverty and prolonged joblessness. A recent report highlights the continuing oppression of African-American people. The Center for American Progress says that continuing gaps in wealth and job opportunities between the white […]

 November 15, 2013  Posted by at 7:12 pm Uncategorized Tagged with: , ,  No Responses »
Nov 152013
 
U.S. Rulers Have No Solution for Urban Crisis - Black Agenda Radio – Week of 11/13/13

Listen to Black Agenda Radio on the Progressive Radio Network, with Glen Ford and Nellie Bailey – Week of 11/13/13. Click on link and scroll down to similar image to listen to broadcast. “The powers that be have no solution” to the crises confronting Detroit and other U.S. urban centers, said Abayome Azikiwe, editor of […]

 November 15, 2013  Posted by at 6:05 pm Uncategorized Tagged with: , , , ,  No Responses »