Detroit

3:29am

Sat July 20, 2013
Business

Detroit Businesses See Opportunity In Bankruptcy

Originally published on Sat July 20, 2013 2:48 pm

The Detroit skyline gleams from Grand River Ave., a major thoroughfare into some of the city's blighted neighborhoods.
Carlos Osorio AP

Few Detroiters think the largest municipal bankruptcy in U.S. history is great news.

But plenty see it as an opportunity. Many Detroit business owners hope the bankruptcy will mean more stability and certainty, in a city that has had little of either in recent years.

Sandy Baruah, head of the Detroit Regional Chamber, says the bankruptcy filing did not come as a surprise to him, nor should it surprise anybody else.

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2:53pm

Fri July 19, 2013
The Two-Way

Michigan AG Appeals Court Order Blocking Detroit Bankruptcy

Originally published on Fri July 19, 2013 2:57 pm

State-appointed emergency manager Kevyn Orr (right) and Michigan Gov. Rick Snyder, at a Friday news conference in Detroit.
Carlos Osorio AP

A circuit court judge has ruled that Detroit's bankruptcy filing violates the state's constitution and laws, and must be withdrawn; Michigan's attorney general has already appealed the decision.

Judge Rosemarie Aquilina made the ruling on Friday, a day after the city became the largest municipality in history to declare bankruptcy under federal Chapter 9 rules.

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5:13am

Fri July 19, 2013
The Two-Way

Now That Detroit's Filed For Bankruptcy, What Happens Next?

Originally published on Fri July 19, 2013 10:59 am

A portion of downtown Detroit along the Detroit river.
Bill Pugliano Getty Images

With its bankruptcy filing Thursday, Detroit became the largest municipality in the United States to seek Chapter 9 protection.

As Scott reported, the city is saddled with $18.5 billion in debt.

Today, we ask, what happens next?

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3:45am

Fri July 19, 2013
Race

40 Years Later, A Black-And-White Photo Gets New Life

Originally published on Fri July 19, 2013 4:38 am

Transcript

RENEE MONTAGNE, HOST:

Let's hear, now, from someone else who has been thinking about the issues brought up by the Trayvon Martin-George Zimmerman case.

DAVID GREENE, HOST:

He's Joe Crachiola, and his thoughts went to a photograph that he took exactly 40 years ago.

MONTAGNE: It shows a small group of black and white children stopping their play to throw their arms around each other on what looks like a hot city street in a suburb of Detroit.

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2:54pm

Thu July 18, 2013
The Two-Way

Detroit Files For Bankruptcy

Originally published on Fri July 19, 2013 2:32 am

Bill Pugliano Getty Images

(This story last updated at 6:45 p.m. ET)

The city of Detroit has filed the largest municipal bankruptcy in U.S. history, seeking Chapter 9 protection from creditors and unions owed some $18.5 billion in debt and liabilities.

In a news conference on Thursday, Detroit Mayor Dave Bing said he didn't want to go into bankruptcy, but the city will now "have to make the best of it."

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