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Sun, 2013-07-21 17:50 — mdmcdonald
This working group is focused on discussions about economics.

The mission of this working group is to focus on discussions about economics.

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Kathy Gilbeaux mdmcdonald
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From Coast to Coast, Middle-Class Communities are Shrinking

Thu, 2016-05-12 17:24 — Kathy Gilbeaux

CLICK HERE - STUDY - Pew Research Center - America’s Shrinking Middle Class: A Close Look at Changes Within Metropolitan Areas

latimes.com - by Don Lee - May 11, 2016

America's shrinking middle class, a growing concern for the economy and a central issue in the presidential race, cuts across virtually all communities from coast to coast, according to a study released Wednesday.

The report by Pew Research Center found that the share of the middle class fell in 203 of the 229 U.S. metropolitan areas examined from 2000 to 2014, including major cities such as New York, Los Angeles and Chicago, which saw a relatively sharp drop in its middle class.

(READ COMPLETE ARTICLE)

Country / Region Tags: 
United States
General Topic Tags: 
Economics
Employment
Problem, Solution, SitRep, or ?: 
Situation Report

Detroit Residents Fight Back Over Water Shutoff: It's a Life-or-Death Situation

Tue, 2014-07-22 00:46 — Kathy Gilbeaux

Of 178 homes whose water was shut off last week, 79 had restarted their supplies, triggering $21,750 in fines on top of what the residents already owed. Photograph: James Fassinger

The beleaguered city says a water shutoff is essential to recoup $89m in overdue bills. But the decision has outraged thousands of Detroiters – who have taken matters into their own hands

theguardian.com - by Jon Swaine - July 21, 2014

When the coast is clear, and the trucks from the contractor shutting off water for the city of Detroit have rolled away, the men with water keys come.

They offer residents whose supply has just been shut off a tempting deal. For $20, they will use their tools to turn the water main back on immediately, and illegally, sparing the household the agonising days spent without showering, cooking or flushing that have already been endured by at least 16,000 of their neighbours so far this year.

(READ COMPLETE ARTICLE)

Country / Region Tags: 
US - Great Lakes
General Topic Tags: 
Economics
Poverty
Vulnerability
Water
Problem, Solution, SitRep, or ?: 
Problem
Situation Report

What Happens When Detroit Shuts Off the Water of 100,000 People

Fri, 2014-07-18 16:25 — Kathy Gilbeaux

      

Eric Thayer/Reuters

Some run dry—and others pay $30 for plumbers to illegally turn the taps back on.

theatlantic.com - by Rose Hackman - July 17, 2014

When the water trucks arrived near Arlyssa Heard’s home on the west side of Detroit at the end of June, the 42-year-old single mother of two said it felt like the entire neighborhood was being taken over. . .

. . . It may not have been a police crackdown, but what she witnessed was definitely a crackdown of a sort. Since last year, the Detroit Water and Sewerage Department has been turning off water at the homes of customers behind on their bills.

(READ COMPLETE ARTICLE)

Country / Region Tags: 
US - Great Lakes
General Topic Tags: 
Economics
Poverty
Vulnerability
Water
Problem, Solution, SitRep, or ?: 
Problem
Situation Report

Evergreen Cooperatives

Sun, 2014-07-13 11:43 — Maeryn Obley

                                                 

evergreencooperatives.com

The Evergreen Cooperatives of Cleveland, Ohio are pioneering innovative models of job creation, wealth building, and sustainability. Evergreen’s employee-owned, for-profit companies are based locally and hire locally. They create meaningful green jobs and keep precious financial resources within the Greater University Circle neighborhoods. Worker-owners at Evergreen earn a living wage and build equity in the firms as owners of the business.

(VIEW COMPLETE SITE)

Country / Region Tags: 
United States
US - Central
US - Great Lakes
General Topic Tags: 
Economics
Sustainable Development
Problem, Solution, SitRep, or ?: 
Solutions

Detroit Files Historic Bankruptcy Blueprint

Fri, 2014-02-21 18:49 — Kathy Gilbeaux

      

Detroit laid out its blueprint Friday for how it will emerge from the largest municipal bankruptcy ever. 
Joshua Lott / Reuters

nbcnews.com - by Patrick J. Rizzo - February 21, 2014

Detroit revealed its historic plan to emerge from under $18 billion in debt Friday, laying the groundwork for what’s expected to be a long, bitter battle with creditors, retirees and bondholders over the biggest municipal bankruptcy ever.

The 120-page 'plan of adjustment' could change radically as negotiations with more than 100,000 creditors move forward. It must still be approved by U.S. Bankruptcy Judge Steven Rhodes.

(READ COMPLETE ARTICLE )

(CLICK HERE FOR ADDITIONAL INFORMATION)

CLICK HERE - SUMMARY OF THE PLAN (2 page .PDF file)

CLICK HERE - Detroit Plan of Adjustment (120 page - Scribd)

Country / Region Tags: 
US - Great Lakes
General Topic Tags: 
Economics
Problem, Solution, SitRep, or ?: 
Situation Report

Detroit Files for Bankruptcy

Sun, 2013-07-21 17:56 — Kathy Gilbeaux

      

Protestors in Detroit last month objected to plans to cut pension benefits of city workers and retirees.

cnn.com - by Chris Isidore - July 18, 2013

NEW YORK (CNNMoney)

Detroit filed for bankruptcy Thursday, becoming the nation's largest public sector bankruptcy. The move could slash pension benefits to city workers and retirees, and leave bond holders with only pennies on the dollar.

The bankruptcy was filed by Emergency Manager Kevyn Orr and approved by Michigan Gov. Rick Snyder. Snyder said the financial condition of the city left him no choice.

(READ COMPLETE ARTICLE)

Country / Region Tags: 
United States
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Economics
Problem, Solution, SitRep, or ?: 
Problem
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