Bad Bets, Costly Promises Put Detroit On The Brink Of Bankruptcy | WAMU 88.5 - American University Radio
Filed Under:

Bad Bets, Costly Promises Put Detroit On The Brink Of Bankruptcy

Play associated audio
The state of Michigan is taking over its largest city's finances. Washington, D.C., attorney Kevyn Orr's job is to reverse a death spiral in Detroit, brought on by an eroding tax base, and years of unwise financial decisions — like promising generous retiree benefits with money that wasn't there, and a pension financing deal that backfired in a big way. Now, massive debt service that threatens the city's ability to provide even a modicum of services.
NPR

U.S. Officials Believe North Korea Was Behind Sony Hack

The recent attack on Sony Pictures' computer network that resulted in a flood of confidential data has its origins in North Korea, U.S. intelligence officials say.
NPR

Japan's Butter Shortage Whips Its Cake Makers Into A Frenzy

For the Japanese, Christmastime means sponge cake. But a nationwide butter shortage has lead to mandatory butter rationing, forcing cake bakers to seek out substitutes.
NPR

Satanist And Christian Holiday Displays To Go Up At Michigan Capitol

The situation has brought controversy — and energized Christians who realized that a planned Nativity scene was in danger of being canceled.
NPR

U.S. Officials Believe North Korea Was Behind Sony Hack

The recent attack on Sony Pictures' computer network that resulted in a flood of confidential data has its origins in North Korea, U.S. intelligence officials say.

Leave a Comment

Help keep the conversation civil. Please refer to our Terms of Use and Code of Conduct before posting your comments.