Shinola to keep 'Built in Detroit' slogan despite flak. CLARIFICATION: An earlier version of this story gave imprecise information on the country origins of the Swiss movements in Shinola watches.
Shinola has since disclosed that about one-third of the movements’ components are manufactured in Thailand. This article is correct. Luxury-goods maker Shinola says it will keep its "Built in Detroit" slogan despite a recent opinion from a federal agency that such claims can wrongly suggest nearly all of a watch's parts are from the U.S., even if critical parts are made overseas. Key players provide inside look at Detroit bankruptcy.
Key players in Detroit’s now-infamous bankruptcy proceedings convened at the Ford School of Public Policy on Wednesday to discuss the city’s growth since the city first filed for bankruptcy in 2013.
The panel focused on the impact of the Detroit “grand bargain,” which decreased the city’s $18 billion debt, restored public safety services and increased funding to city infrastructure. U.S. Bankruptcy Judge Steven W. 139-square-mile city to maintain; overwhelming health care and pension costs; repeated efforts to manage mounting debts with still more borrowing. One year after bankruptcy, Detroit's pension debts still loom. Detroit Population Down 25 Percent, Census Finds.
Photo Laying bare the country’s most startling example of modern urban collapse, census data on Tuesday showed that Detroit’s population had plunged by 25 percent over the last decade.
It was dramatic testimony to the crumbling industrial base of the Midwest, black flight to the suburbs and the tenuous future of what was once a thriving metropolis. Detroit on the edge. The following script is from "Detroit" which aired on Oct. 13, 2013.
The correspondent is Bob Simon. Tanya Simon, producer. Few cities have provided more to more Americans than Detroit. Detroit is burning: Mysterious arson fires plague renowned public art project. DETROIT, Mich. — The air on Heidelberg Street reeked of smoke one recent morning.
Char and ash darkened the snowy sidewalks. But the color remained: shocks of red and yellow and blue that polka-dot this blighted east side neighborhood, making it one of the city’s leading tourist attractions. For 27 years, The Heidelberg Project, founded by artist and Detroit native Tyree Guyton, has arranged found objects — tires, televisions, toys — with artful grandeur, transforming vacant homes and lots along more than two blocks into an outdoor art museum unlike any other. “It’s true to the city,” said executive director Jenenne Whitfield.
“Detroit is a city of originality.” But The Heidelberg Project is under attack. Detroit pays high price for arson onslaught. The Rise and Fall of Detroit’s Middle Class. In 1973, Ron and Loretta Martin and their three sons moved into the yellow-brick Colonial across the street from my childhood home, on Detroit’s west side.
My father greeted them warmly, despite the fact that most of our neighbors saw them as blockbusters, part of a nefarious conspiracy by civil-rights groups to force integration and break up tight-knit white enclaves. The Martins were one of the first black families on our block. It took a lot of courage to be pioneers, those black families who crossed the city’s racial frontier. Built in Detroit: Shinola has eyes on Europe. YOU MAY NOT have heard of Shinola, but you will—soon.
It was set up in Detroit in 2010, a combination of Swiss machinery and know-how, and American verve. This juvenile watchmaking company is fast growing up, and is aiming to make an impact in Europe. Its first foothold, having crossed the Atlantic, is in Paris, and this month it can be found in Colette, at 213 rue Saint-Honoré. It's a long way from Detroit, Michigan, to Paris, France—nearly 4,000 miles, to be a little more precise. Three years ago, in autumn 2010, a small group of businessmen, consisting of watch industry stalwarts from Swiss movement manufacturer Ronda and strategic developers from Dallas-based Bedrock Brands, came together to discuss the possibility of regenerating the long-defunct U.S. watch industry.
According to its CEO, Steve Bock: "We are not doing this out of philanthropy, we chose to come to Detroit for practical business reasons. America's Coming Manufacturing Revolution - Moisés Naím. Hardly a day goes by without an article predicting, lamenting, or celebrating America's decline.
The turmoil in Crimea and Syria, the polarized and frequently gridlocked U.S. political system, the deepening income and wealth inequalities in the United States, and the growing clout of rivals like China and Russia are all offered as proof of waning American power. These weaknesses surely exist, and some—like mounting economic inequality—are truly alarming. But the doomsayers often fail to see the ways in which America is gaining rather than losing global influence. 54841 jpmc gap detroit aw3 final. Beyond Bankruptcy: How the Detroit Economy has RecoveredEMSI. Even though “failing forward” has become clichéd jargon around conference tables, it’s still both exciting and encouraging to watch someone (or something) rise out of a slump and come back stronger.
And there’s no better example than Detroit, Michigan: the nation’s underdog upstart. In 2013, Detroit declared bankruptcy and became the media’s go-to example for struggling cities. But despite great difficulty, it has managed over $2.4 billion in investment and development since January of that year. And in many key economic categories—including gross domestic product, private sector job growth, and per capita income—the Detroit region is now outperforming national averages. So how did Detroit do it? Michigan is Auto. How Can Detroit Bounce Back After Bankruptcy? Credit: AP Detroit’s bankruptcy process could take a year or more.
But development experts who focus on the Great Lakes region say the city and the nation must get smart about its medium-term future now. 50 Detroiters: ‘Things are picking up’ 50 Detroiters: Voices from our city Kimberly P. Mitchell, Detroit Free Press The name of the laundromat reveals its dual purpose. The establishment’s chief attendant, Velma Cornelius, illustrates the Piety Hill neighborhood’s resolve for healthy reinvention. “Fit & Fold is a laundromat where you can work out and wash your clothes. It has a full-body gym, you see,” said Cornelius, 59. The building had been abandoned for 20 years before a local community development corporation bought it from Wayne County. • Go back to see more Detroiters.
Autos troubles, race at root of Detroit collapse. Blue-collar workers poured into the cavernous auto plants of Detroit for generations, confident that a sturdy back and strong work ethic would bring them a house, a car and economic security. It was a place where the American dream came true. It came true in cities across the industrial heartland, from Chicago's meatpacking plants to the fire-belching steel mills of Cleveland and Pittsburgh. It came true for decades, as manufacturing brought prosperity to big cities in states around the Great Lakes and those who called them home. Detroit was the affluent capital, a city with its own emblematic musical sound and a storied union movement that drew Democratic presidential candidates to Cadillac Square every four years to kick off campaigns at Labor Day rallies. The Rise and Fall of Detroit’s Middle Class. Lear targets I-94 park site for Detroit plant - Crain's Detroit Business.
Photo by Google Earth The I-94 Industrial Park in Detroit is bounded roughly by Mt. Elliott on the west, Huber on the north, St. Cyril on the east and Miller on the south Lear Corp. plans to double down on its investment in Detroit by establishing a new manufacturing plant in the next two years, joining a city-led effort to create a hub with at least four other automotive suppliers.