”Detroit Faces its Critics with Anger and Tears,” The New York Times is reporting in another compelling story about the fallout in the Motor City.
Around the city, native Detroiters are trying to understand the anti-autoworker wrath unleashed by the Big Three bailout. The article begins with assembly line workers showing off their skills at a UAW rally.
This link includes interviews with various citizens articulating what’s at stake here. Listen to civic leaders defend the city and encourage people to pull together.
This is good stuff.
I was born in Toledo, a town sometimes called “Little …

 ”Detroit Faces its Critics with Anger and Tears,” The New York Times is reporting in another compelling story about the fallout in the Motor City.
Around the city, native Detroiters are trying to understand the anti-autoworker wrath unleashed by the Big Three bailout. The article begins with assembly line workers showing off their skills at a UAW rally.
This link includes interviews with various citizens articulating what’s at stake here. Listen to civic leaders defend the city and encourage people to pull together.
This is good stuff.
I was born in Toledo, a town sometimes called “Little …

The Detroit News reports that Chrysler and GM are exploring a range of court-protected bankruptcy alternatives, although the companies still hope their restructuring is successful and that they will break even in 2011.
A traditional Chapter 11 bankruptcy could cost $100 million, according to estimates. A prepackaged bankruptcy, in which GM and its stakeholders would come to terms prior to the filing, could cost an estimated $45 billion, The News reports.
Under the restructuring plan proposed by GM, it  must try to reduce its $27.5-billion debt by two-thirds and negotiate major concessions …