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In the third and last episode of the bankrupting America series, one of the business owners profiled seems hopeful for Detroit's future.
In certain pockets, there is limited investment which he feels represents a turning point. His optimism is clearly tempered by what leadership might or might not do however.
"The more city government gets cleaned up, and gets better organized, thats going to naturally help my business. Cause it changes the perception people have of the city, through city government."
Whole Foods cannot anchor the ghost ship of Detroit by itself.
The process which brought Whole foods there in the first place is legalized corruption in my view anyhow. The site on which it stands was not a contamination site as far as I know, and the abuse of brownfield remains legendary.
Continuing Bankrupting America's series, this video touches on a couple of truths.
First, that government will, if allowed, can become the biggest obstacle to free trade, and an individual's chosen occupation by sheer incompetence. Secondly, that if something is seen as disrespected, the disrespect will be amplified by the sheeple.
(3 comments) Comments >>
Our own long time congressman comments during the Solyndra hearing:
Rep. John Dingell (D., Mich.), midway through the hearing: "I'm still waiting to see something that makes me concerned."
Your self serving nature suits your party of choice congressman. Never mind the rush through by your fearless leader's administration of the loan application. Never mind the damage it may do to the green industries, while it demonstrates the sheer folly of investing so heavily in green tech at this point. It wouldn't affect you at all sir. A hundred years of feeding off the taxpayers, and none of this should matter to you.
But to the president it may matter. it should.
Yet even in the face of this criminal enterprise that has the president and his cronies in the spotlight, and the utter failure that his administration is in general, it somehow seems to not bother him so much either.
A new cover for the Jobs act he is touting is below the line.
(4 comments, 205 words in story) Full Story
The news, the blogs, and the nation's water coolers are abuzz with outrage over the AIG bonus payments -- $165 million to various executives -- after AIG took about $180 billion in government bailout money.
I have mixed feelings about this. We certainly should not reward incompetence, but as someone who would like a million dollar bonus one day, I don't think we should discourage dreaming either!
As is usually the case with issues of this sort, the outrage exploded before the facts were known or contemplated (not that facts make much difference in Washington). Consider:
The prohibition required under clause (i) shall not be construed to prohibit any bonus payment required to be paid pursuant to a written employment contract executed on or before February 11, 2009, as such valid employment contracts are determined by the Secretary or the designee of the Secretary.
Since the AIG contracts were signed before February 11, the limits in the stimulus don't apply.
(2 comments) Comments >>
External FeedsMetro/State News RSS from The Detroit News
+ Craig: Cushingberry tried twice to elude police, was given preferential treatment
+ Detroit police arrest man suspected of burning women with blowtorch
+ Fouts rips video as 'scurrilous,' defends Chicago trip with secretary
+ Wind, winter weather hammer state from Mackinac Bridge to southeast Mich.
+ Detroit Cass Tech QB Campbell expected to be released from custody Friday
+ New water rates range from -16% to +14%; see change by community
+ Detroit's bankruptcy gets controversial turn in new Honda ad
+ Royal Oak Twp., Highland Park in financial emergency, review panels find
+ Grosse Ile Twp. leads list of Michigan's 10 safest cities
+ Wayne Co. sex crimes backlog grows after funding feud idles Internet Crime Unit
+ Judge upholds 41-60 year sentence of man guilty in Detroit firefighter's death
+ Detroit man robbed, shot in alley on west side
+ Fire at Detroit motel forces evacuation of guests
+ Survivors recount Syrian war toll at Bloomfield Hills event
+ Blacks slain in Michigan at 3rd-highest rate in US
Politics RSS from The Detroit News
+ Apologetic Agema admits errors but won't resign
+ Snyder: Reform 'dumb' rules to allow more immigrants to work in Detroit
+ GOP leaders shorten presidential nominating season
+ Dems: Another 12,600 Michiganians lose extended jobless benefits
+ Mike Huckabee's comments on birth control gift for Dems
+ Granholm to co-chair pro-Clinton PAC for president
+ Republican panel approves tougher penalties for unauthorized early primary states
+ Michigan seeks visas to lure immigrants to Detroit
+ Peters raises $1M-plus for third straight quarter in Senate bid
+ Bill would let lawyers opt out of Michigan state bar
+ Michigan lawmakers launch more bills against sex trade
+ Balanced budget amendment initiative gets a jumpstart
+ Feds subpoena Christie's campaign, GOP
+ Poll: At Obama's 5-year point, few see a turnaround
+ Obama to release 2015 budget March 4
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