Friday, November 18, 2011

Detroit's clock striking midnight

Stephen Henderson: Detroit's clock striking midnight Detroit Free Press freep.com
The City of Detroit is running out of money.
Not in the theoretical terms we've imagined for decades, but in literal figures, splayed out over spreadsheets that tell a long story of mismanagement and incompetence, culminating in insolvency.
Cash runs out by April, unless dramatic steps are taken.

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