debt

The thin line of consent

Detroit’s City Council has finally seen the light.  In a monumental 5-4 decision, the latest consent agreement offered by Gov. Snyder establishes a chance for Detroit to solve their decades of fiscal impropriety, a generation of political denial of problems that Detroit has to face before we can look forward to the next version of … Continue Reading →

The Scarlet D

Dr. StrangeBing: Or How I Stopped Worrying and Learned to Love the EFM

For Detroit Mayor Dave Bing, the title of this situation could also be re-worded as “How I Stopped Worrying and Learned to Accept the EFM”. After all, Mayor Bing is the best option for an EFM as anyone could consider, and a 9-member finance council is far more than what other cities under both the … Continue Reading →