There’s more to see in Detroit than meets the eye Eclectagraphic by Anne C. Savage The following is a guest post by Roger Kerson and is Part 1 of a 2-part series. Roger is a Michigan-based media consultant for labor unions, environmental group and non-profit organizations. He was director of public relations at the United Auto Workers during the GM […]Read more ›
Tag: Detroit bankruptcy
Two big questions about Detroit’s bankruptcy: Are pensions massively underfunded and who gets paid first?
It’s good to be the king bank Graphic/photo by Anne C. Savage | Eclectablog There are two big questions swirling around Detroit’s bankruptcy, questions that will ultimately be decided by federal bankruptcy judge Steven Rhodes. The first is whether or not the public employee pension funds are actually underfunded by billions of dollars. Are they? As it turns out, it […]Read more ›
That’s okay, though. At least billionaires will still have low taxes. Judge Gerald E. Rosen, the federal District judge appointed to be the mediator in Detroit’s bankruptcy process, sent a letter signed by 87 federal district court judges to Vice President Joe Biden asking that the Senate take action to reverse cuts in funding to the Judiciary due to the […]Read more ›
Stay classy, Cleveland
Not much to say about Cleveland Indians fans chanting “Detroit’s bankrupt!” during their game with the Detroit Tigers last night other than it was in incredibly poor taste and truly disrespectful to the hundreds of thousands of Detroit residents who have to deal with this catastrophe.
Class it up a bit, eh, Cleveland?
Video after the jump.Read more ›
Detroit ruin porn from the Emergency Manager??? One of the most widely reported statistics about Detroit, thanks to Emergency Manager Kevyn Orr, is that it takes, on average, 58 MINUTES FOR THE COPS TO ARRIVE OMG OMG OMG!!! It’s all over the news, Stephen Colbert had fun with it, and it’s giving people everywhere comfort in the fact that over […]Read more ›
So now we know who brought Christie’s auction house in to appraise Detroit’s art collection: Emergency Manager Kevyn Orr
What were the odds…? [DIA “Thinker” image modified from CC photo by Michael Barera | Wikimedia Commons] A couple of weeks ago, we learned that Christie’s auction house was in Detroit to appraise the Detroit Institute of Arts legendary collection. At the time, nobody knew who had called them in. Pamela Marcil, a museum spokeswoman, said “We don’t know who […]Read more ›
Color me skeptical The Detroit Free Press reports that Michigan Attorney General Bill Schuette will file papework in the U.S. Bankruptcy Court in Detroit to defend state constitutional protections of the pensions of city retirees. Invoking his role as “the people’s attorney,” Schuette said he will file in U.S. Bankruptcy Court in Detroit on Monday to intervene in the city’s […]Read more ›
Kevyn Orr: “Michigan’s EM law is a clear end-around the prior initiative that was rejected by the voters in November”
That must have been one very convincing sales job… Photo by Anne C. Savage, special to Eclectablog Back in January when the Snyder administration was negotiating with Kevyn Orr to become Detroit’s Emergency Manager, well ahead of the city even being declared in a financial emergency, Orr had this to say about Michigan’s newly-enacted Emergency Manager law, Public Act 436 […]Read more ›
Just in case you thought the Detroit Institute of Arts’s priceless collection was safe, it’s not. Appraisers have arrived.
This is unreal
“This is unprecedented in my experience,” he said. “It seems reckless to even consider liquidating these public assets.”
That’s Maxwell Anderson, director of the Dallas Museum of Art, one of the country’s most highly regarded museum directors talking about the sale of the Detroit Institute of Arts’ priceless art collection. Despite the fact that many people thought even contemplating liquidating their collection to pay Detroit’s creditors, many of whom are banks, the opposite is actually true.
Details after the jump.Read more ›
Federal judge halts all lawsuits to stop Detroit bankruptcy + Gov. Snyder’s brilliance in the sequence of events
The skids are greased [Caricature by DonkeyHotey from photos by Anne C. Savage for Eclectablog] It what can only be described as a clean sweep for Governor Rick Snyder and Detroit Emergency Manager Kevyn Orr, a federal judge halted three separate lawsuits filed in state courts attempting to stop Snyder and Orr from taking Detroit through a bankruptcy. The argument […]Read more ›
Federal judge will decide fate of Detroit’s bankruptcy filing on Wednesday + more Emergency Manager news
Stuff’s about to get real… Photo by Anne C. Savage, special to Eclectablog A federal judge will determine on Wednesday morning if Detroit’s bankruptcy filing is a violation of the state constitution which protects public employee pensions. U.S. Bankruptcy Judge Steven Rhodes has declared that his court has the authority to rule on a dispute between the city’s pension funds […]Read more ›