Detroit’s Retired City Workers in the Crosshairs (tags)
With Detroit’s finances looking increasingly dire, the city’s creditors are beginning to face off with one another, each trying to minimize their losses. The city’s pension fund, which supports retired city workers, has found itself in direct conflict with a formidable opponent, the bondholders, individuals and institutions that gave the city money in order to enjoy the interest on the loan.
Racism, bad weather and the "meltdown.." (tags)
"All told, this adversity may actually result in a "blessing in disguise." The totality of these events of the ending summer may disrupt the economy, and Shrub's agenda sufficiently that they may reconsider the almost foregone conclusion to attack Iran, and the possible world war which almost certainly would ensue."