Detroit

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Yesterday marked the deadline for objections to Detroit’s plan of adjustment to be filed. Over a dozen criticisms were registered by residents, creditors and even the federal government.

Scott Pohl/WKAR


A new book by Jack Dempsey tells the story of Detroit’s historic Capitol Park. It’s the site of Michigan’s first capitol building, and the state’s first governor is buried there.

Credit Flickr - Maia C


Developments toward a ‘grand bargain’ to speed the end of Detroit’s landmark  bankruptcy have been unfolding quickly. Late on Tuesday night, negotiators from the city and two of its retiree pension funds reached tentative deals involving cuts and cost-of-living revisions.  Those agreements were two more hurdles cleared toward an $816-million arrangement that could lessen pension cuts, allow reinvestment in city services, and prevent the sale of city-owned art at the Detroit Institute of Arts. However, more agreements need to be hammered out with other creditors.

courtesy of michigancorps.org

Social entrepreneurship, where for-profit businesses seek to offer creative solutions to our society’s biggest needs, has become a rising trend across the country. Last year, Detroit was home to the nation’s first social entrepreneurship competition, which attracted more than $1-million in new investment for a diverse group of new businesses that focus on such issues as energy efficiency, affordable medical devices, and coffee roasting.

Flickr - Thomas Hawk

Mention the phrase 'stock exchange' to most people and they’ll likely visualize Wall Street, the home of the New York stock exchange, the world’s biggest. However, smaller, regional stock exchanges are nothing new. A proposal to allow local stock exchanges in Michigan was recently filed in the state legislature. The aim is to allow citizens to invest in small, promising Michigan companies that may not qualify for a larger exchange.

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