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Detroit Ruled Eligible for Bankruptcy
"This once proud and prosperous city can't pay its debts." So said Judge Steven Rhodes in Detroit today, ruling that America's former industrial powerhouse is eligible for bankruptcy protection.
"This once proud and prosperous city can't pay its debts." So said Judge Steven Rhodes in Detroit today, ruling that America's former industrial powerhouse is eligible for bankruptcy protection. Micheline Maynard is former Detroit bureau chief for the New York Ties, now contributor to Forbes and editor of Curbing Cars: Rethinking How We Get Around.
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