austerity

Apr 182014
 
Judge says Detroiters owe banks $85 million

By Abayomi Azikiwe, April 17, 2014 The ruling on April 11 in the Detroit municipal bankruptcy by Federal Bankruptcy Court Judge Steven Rhodes awarded an $85 million payment to two banks that are heavily implicated in the financial ruin of Detroit and other cities throughout the United States. Rhodes ruled that the third negotiated attempt […]

Apr 052014
 
Retirees, Residents March at Detroit Bankruptcy Court, Send Out Call to Shut City Down May 1

Diane Bukowski, April 2, 2014   Largest protest yet includes numerous unions, community groups Retiree creditors add hundreds more objections to Plan of Adjustment, call for NO vote Amended POA threatens further attacks, up to 60 percent cuts in pensions, annuities, health care; plans to remove Retirement Board trustees  April 1, 2014  During a massive […]

Mar 302014
 
Austerity imposed on Ukraine by U.S./NATO imperialism

Same forces attacking democracy and imposing austerity in Detroit have overthrown democracy with the aid of Nazis and are imposing austerity in Ukraine. See IMF statement in the following article. And Now The Real Economic Pain Begins As IMF Unleashes $27BN Bailout In “Near Bankrupt” Ukraine Welcome to IMF vassal state status. Enjoy your hyperinflation […]

 March 30, 2014  Posted by at 2:54 pm Uncategorized Tagged with: ,  No Responses »
Mar 302014
 

By Diane Bukowski, Voice of Detroit, March 27, 2014 DETROIT — Over 200 retirees and other Detroiters have already filed profound and moving individual objections to Detroit Emergency Manager Kevyn Orr’s austerity plan for Detroit retirees and residents in bankruptcy court.  Continue at Voice of Detroit

Mar 222014
 

By Kris Hamel Detroit, March 16 — The last day to file objections to the city of Detroit’s austerity “Plan of Adjustment” in its bankruptcy case is April 1. Organizers with the Moratorium NOW! Coalition and Stop Theft of Our Pensions Committee are holding a meeting March 17 to help city residents, workers, retirees and […]

 March 22, 2014  Posted by at 2:05 am Uncategorized Tagged with: , , , , ,  No Responses »
Mar 142014
 

By Russ Bellant, City of Detroit retiree, March 13, 2014 The emergence of a major European country being taken over by fascists and major government positions going to a nazi party has grave implications for European Parliamentary elections. The fact that this was backed by the US challenges all of us to raise questions as […]

 March 14, 2014  Posted by at 1:38 am Uncategorized Tagged with: , ,  No Responses »
Mar 072014
 
File a People’s Objection to the Plan of Adjustment –  April 1, 2014

Updated on March 25, 2014 All Out April 1 – File your objection in court 10 AM Federal Courthouse, 231 W. Lafayette St., Detroit File your objection to the “Plan for the Adjustment of Debts of the City of Detroit” and/or “Disclosure Statement With Respect to Plan for the Adjustment of Debts of the City […]

 March 7, 2014  Posted by at 7:26 pm Uncategorized Tagged with: , , ,  No Responses »
Mar 052014
 
Detroit's big maybe.

by ACLU of Michigan on Feb 25, 2014   By Curt Guyette, Investigative Reporter What can be said with absolute certainty about the so-called plan of adjustment Detroit Emergency Manager Kevyn Orr released last week? Almost nothing. It is a plan built on a mountain of ifs.According to a summary of the plan, “police and […]

Mar 052014
 
Detroit bankruptcy plan puts buzzsaw to pension benefits

Complicated bailout also offers contribution break for city until 2023 By Kevin Olsen, Pensions & Investments, March 3, 2014 Detroit’s state-appointed emergency manager sliced into the accrued benefits of pension fund participants in a plan of adjustment filed in U.S. Bankruptcy Court on Feb. 21, while the city would not be required to make any […]

Jan 152014
 
Demonstrators Demand An Economic ‘People’s Recovery’ At Detroit Auto Show

Organizers assert that Detroit, currently in bankruptcy, is at the forefront of a nationwide assault against workers and unions in both the public and private sector By James Fassinger, Mint Press News, January 14, 2014 DETROIT — As automakers prepared to trumpet record profits and reveal new car models at the 25th annual North American […]

 January 15, 2014  Posted by at 7:09 pm Uncategorized Tagged with: ,  No Responses »