A radicalization process is at work here and it is growing in intensity and breadth.
While banks, auto companies and the state of Michigan itself have all been bailed out with taxpayer money, Detroit has not received bailouts from anybody
We would have liked to print a happy message in this space, filled with good news and wishes for all of you to have a fantastic holiday season.
A study of dozens of surveys regarding wealth and, the things we associate with the quality of life, seems to come to the surprising conclusion.
The President's speech in Osawatomie was the true "pivot" towards jobs and away from the austerity debates of last summer for which workers, occupy protesters and tens of millions more have been waiting.
Cutbacks and layoffs have touched off huge street protests, general strikes, and the collapse of governments.
Mitt Romney said that his business experience would make him a good steward of the economy - maybe I'm missing something.
Just when you thought the absurdities of capitalism couldn't be more insulting and degrading, the bosses have come up with yet another offense.
Indeed there is civil unrest! Workers cry out for justice, as workloads grow and wages stagnate while owners' profits soar, as jobs are sent overseas.
Given the revenue streams that go straight to Wall Street from Detroit, it is not far off to characterize any emergency financial manager as a Wall Street financial dictator.