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Posted: Fri Jun 14, 2013 10:03 pm
by TheCatt

Posted: Sat Jun 15, 2013 7:36 am
by thibodeaux
"What a surprise," said noone.

Posted: Sat Jun 15, 2013 12:10 pm
by Malcolm
He said further meetings are planned with the unions representing city employees.

I'm sure they'll be productive.

Posted: Fri Jul 19, 2013 1:38 pm
by Malcolm
Malcolm wrote:
He said further meetings are planned with the unions representing city employees.
I'm sure they'll be productive.
Officially bankrupt.

Posted: Fri Jul 19, 2013 3:31 pm
by Malcolm
Judge says bankruptcy is illegal to declare. Fucking wow.
The order also includes many hand-written notes through them, including a final note on one order from the judge, which states that the order will “…be transmitted to President Obama.”
They bailed out the incompetent auto industry, why not the incompetent city that's their HQ?

Posted: Mon Jul 22, 2013 1:48 pm
by Malcolm
Still fighting over how much money they don't have.

Posted: Tue Jul 23, 2013 6:34 am
by GORDON
I am fairly near the city center at the moment. Not the SCARIEST place I have ever been, but in the top 5. Detroit has 2 spots in the top 5, though.

There are some gorgeous old houses around here, abandoned and falling apart.

Posted: Wed Jul 24, 2013 3:32 pm
by Malcolm

Posted: Wed Jul 24, 2013 8:17 pm
by GORDON
This guy says Detroit's decline started after the 1967 (black people) riots.

http://www.thefiscaltimes.com/Article....x#page1

Whites started taking their money and leaving.




Edited By GORDON on 1374711512

Posted: Fri Aug 02, 2013 9:25 am
by Leisher
Obamacare to the rescue?

Wait until California declares bankruptcy and we have to pay for them too.

Posted: Fri Aug 02, 2013 11:43 am
by Malcolm
Professor Jost said that even with subsidies, insurance policies bought through an exchange could be more expensive for retirees than public sector health plans. Most exchange customers are expected to choose plans that cover 60 percent to 70 percent of medical costs for the average person, compared with public sector plans that have sometimes covered much more.

“These are people who stayed in the public sector all their lives because the benefits were more generous,” he said.

Some city plans, like those in Detroit, cover 80 percent to 100 percent of costs, officials said.

“The truth is, my health care is very good, with only $20 for prescriptions and $10 co-pays to see a doctor,” said Thomas Berry, 60, a Detroit Police Department retiree. “That was part of the promise that was made, and I don’t want to lose it.”

Goddamn. 80 - 100%? My health plan covers jackshit outside traumatic ER visits and low-cost prescription copays.

Posted: Fri Aug 02, 2013 12:52 pm
by TheCatt
“The truth is, my health care is very good, with only $20 for prescriptions and $10 co-pays to see a doctor,” said Thomas Berry, 60, a Detroit Police Department retiree. “That was part of the promise that was made, and I don’t want to lose it.”

Wow, that's what I had 13 years ago. And I don't see being a retiree at 60 as a probability... So yeah, sympathy low.

Posted: Fri Aug 02, 2013 10:20 pm
by GORDON

Posted: Mon Aug 12, 2013 1:27 pm
by Malcolm
One doctor = tens of millions of dollars in scams.
A Detroit-area doctor has been charged with bilking the government of tens of millions of dollars by deliberately misdiagnosing patients with cancer and illegally billing Medicare for the treatment.

Dayum. But surely someone was there double-checking this all, right?

In one case, according to the site, a patient fell and hit his head at Fata's clinic but was told he needed chemotherapy before he could be taken to a hospital, according to the FBI. The man later died from the head injury. His name was not disclosed.

Nope.




Edited By Malcolm on 1376328452

Posted: Mon Aug 19, 2013 2:36 pm
by Malcolm
The beat goes on.
Now it seems that all legal challenges to the bankruptcy must flow through the federal bankruptcy judge himself, Steven Rhodes.

Image

But seriously...
The Detroit Police and Fire Retirement System (PFRS) filed one such objection right before the deadline, spokesperson Bruce Babiarz told MSNBC. For this objection, they are using much the same legal reasoning accepted by the Ingham County Court: Because Article 9, Section 24 of the Michigan state constitution calls pension benefits “a contractual obligation … which shall not be diminished or impaired,” PFRS argues any bankruptcy is unconstitutional which does not adequately protected those benefits against cuts.

Guess they'll just have to go into the emergency money tree farm they keep out back and pay everyone.

Posted: Mon Aug 19, 2013 2:44 pm
by TheCatt
Yeah, I really don't understand the logic. You can't be bankrupt, that's illegal!

But, we have no money.

But you can't go bankrupt, that's illegal!

But, we have no money

Really, their ploy is to minimize damages to pensions, but still...

Posted: Mon Aug 19, 2013 3:02 pm
by Malcolm
They should pay them in string and shiny bits of glass.

Posted: Mon Aug 19, 2013 3:36 pm
by Leisher
How about individually wrapped and pre-cut stringettes?

Posted: Sun Sep 29, 2013 1:12 pm
by Malcolm
They bailed out the incompetent auto industry, why not the incompetent city that's their HQ?

$300M in "stimulus" (totally not a bailout) ...
“It’s not big enough to be called a bailout. What they are trying to do is enable key investments that are needed to help the city once it emerges from all of these immediate [financial] challenges,” he says.

... "he" being, and I shit you not, economics professor Skidmore.
Mark Skidmore, an economist at Michigan State University in East Lansing, Mich.

Posted: Sun Sep 29, 2013 2:49 pm
by GORDON
And with Detroit's corrupt government and unions, $300 million will change a light bulb in one traffic light, more or less.