Tag: bankruptcy

Detroit Shock-wave Hurting Other Michigan Munis

E.J. Smith - Your Survival Guy - August 8, 2013

Genesee County, Michigan was forced to pull a recent bond offering when lenders weren't willing to lower the interest rates they were demanding. It's...

Dump the Unions

E.J. Smith - Your Survival Guy - July 29, 2013

The first step in getting Detroit out of this mess is to dump the unions. But as the Wall Street Journal's Review & Outlook points...

Sell the Howdy Doody Puppet

E.J. Smith - Your Survival Guy - July 26, 2013

One step towards solvency in Detroit is to sell its assets including those at the Institute of Art. It's called bankruptcy. As John Fund...

Detroit: Why States Will Secede from the Union

E.J. Smith - Your Survival Guy - July 25, 2013

Bankruptcy expert David Skeel makes the case that federal bankruptcy has precedent over state law. Skeel isn't suggesting a federal bailout, but isn't that...

Break the Detroit Municipal Workers’ Contract

Richard C. Young - July 24, 2013

The city's emergency manager has the power. The city can now get the municipal union out of the loop once and for all. Union...

Detroit Pensions: We Cannot Pay It

E.J. Smith - Your Survival Guy - July 22, 2013

A huge amount of blame for Detroit's problems goes to the politicians that kept making pension promises without backing them up as a sound...

Destruction of Pensions

E.J. Smith - Your Survival Guy - October 25, 2011

You don’t need a report from the Bureau of Labor Statistics to tell you food and energy prices are up. Economists like to strip...

No Answers From Solyndra Execs at Hearing

The Editors - September 23, 2011

The Crisis of State Bankruptcy

E.J. Smith - Your Survival Guy - August 16, 2011

With Central Falls, Rhode Island, filing for bankruptcy, who in their right mind would invest in its municipal bonds? Luckily for current bondholders, Rhode...