AltWeeklies Wire
Detroit's Real Estate Market Sees Reboundnew
The latest third quarter data shows that Detroit's real estate market lead the nation in year-over-year increases at 44.3 percent. However, behind the numbers lurks a less ebullient reality: Detroit is the only market in the nation to still remain below the highs of the last decade.
Metro Times |
Bryan Gottlieb |
11-07-2013 |
Economy
Tags: Detroit Home Prices
Detroit Bankruptcy Was 'Not Necessary'new
In testimony at the city of Detroit's bankruptcy trial, Emergency Financial Manager Kevyn Orr testified under oath that the declaration of insolvency by the city and a filing of Chapter 9 bankruptcy protection were "not necessary."
Metro Times |
Bryan Gottlieb |
10-31-2013 |
Economy
Tags: Detroit Bankruptcy
Smitten with the Mitten: Michigan's Economic Comeback
After years of economic contraction and brain-drain, Michigan seems to be on its way back according to the latest economic indicators out of Washington.
Metro Times |
Bryan Gottlieb |
07-03-2013 |
Economy
Shredding it up in Motownnew
Two 20-somethings carry the hope of a metropolis on their backs in an effort to bring the X Games to Detroit.
Metro Times |
Carl Bookstein |
06-26-2013 |
Economy
GOP's Appalling Silencenew
The Michigan GOP primary is over, but there was one issue the candidates ignored entirely. During the last week of the campaign, a new report showed that the number of poor kids in Michigan has skyrocketed.
Metro Times |
Jack Lessenberry |
02-29-2012 |
Economy
Upside Down in Pontiac: How Investors Walk Away from Disasternew
Many Pontiac houses sit and continue to decline in value, blight the community, attract nuisances, cost lenders and the city money in maintenance, and pull down the values of nearby properties. Some have resold for a fraction of their taxable values, further driving down home prices around them. Others will sit vacant for years.
Metro Times |
Sandra Svoboda |
09-15-2009 |
Economy
Michigan Communities Use HUD Dollars for Demolition, Rehab and Ownershipnew
In Michigan, the HUD Neighborhood Stabilization Program is funding projects aimed at offsetting some of the harmful effects that foreclosed and vacant properties have on neighborhoods, as well as increasing home ownership and redevelopment.
Metro Times |
Sandra Svoboda |
06-09-2009 |
Economy
A System of Give and Take Emerges -- Just in Time for the Hard Timesnew
Kim Hodge wasn't looking for a way to deal with hard economic times when she decided to start a "time bank" in a Detroit suburb.
Metro Times |
Curt Guyette |
05-05-2009 |
Economy
After the Auto Bailout, Now What?new
What has to happen is an intelligent, radical plan to restructure and refocus the auto industry, and soon. You see, they are going to need more money. Lots more, and what they are doing isn't working.
Metro Times |
Jack Lessenberry |
12-23-2008 |
Economy
Blaming the Workers: UAW Not Behind the Big Three's Woesnew
Over and over again, I've heard people repeat that the trouble was that the average UAW worker costs the auto companies $73 per hour. Nice work if you can get it. Matter of fact, it made me want to pack a lunch bucket and trudge off to Dodge Main. Trouble is, when I checked, I found that this statistic is simply not true.
Metro Times |
Jack Lessenberry |
12-23-2008 |
Economy
A Bailout is Needed, but a New New Deal Would be Betternew
Why not create something like the old New Deal, which put millions to work doing everything from building post offices to writing nature guides. Ours would be more limited, however; we could call it the Michigan Infrastructure Corps. We are going to be paying out billions in unemployment insurance anyway. Why shouldn't we get something out if it?
Metro Times |
Jack Lessenberry |
12-09-2008 |
Economy
Why the Feds Must Bail Out General Motorsnew
Massive restructuring is needed, but the patient first has to be stabilized, by any means necessary. Otherwise, we will be looking at something very like the Great Depression.
Metro Times |
Jack Lessenberry |
11-20-2008 |
Economy
Why Are We Bailing Out Bad Banks with Our Money?new
Here's the truth: Our economy is teetering on the point of collapse. Nobody is telling you the full truth about that -- not the media, not the candidates for president.
Metro Times |
Jack Lessenberry |
09-30-2008 |
Economy
Proposed Foreclosure Moratorium Bill in Michigan Recalls 1930s Legislationnew
You know things are getting bad when legislators start drafting new bills modeled on laws originally enacted as a way to help people survive the Great Depression. But that's the spot we're now finding ourselves in when it comes to the issue of home foreclosures.
Metro Times |
Staff |
06-10-2008 |
Economy
