Detroit Museum Not The First To Consider Selling Out. Vincent van Gogh's Portrait of Postman Roulin is part of the collection in the city-owned Detroit Institute of Arts.
The financially troubled city of Detroit is eyeing the sale of its prized artworks. aPic/Getty Images hide caption toggle caption aPic/Getty Images Vincent van Gogh's Portrait of Postman Roulin is part of the collection in the city-owned Detroit Institute of Arts. The financially troubled city of Detroit is eyeing the sale of its prized artworks. aPic/Getty Images Detroit doesn't have to wait for Antiques Roadshow to come to town to know the city owns priceless treasures. And they just might sell. It's a scenario that has people in the art world up in arms. States, Cities Tackle Housing Crisis for Low, Moderate Income Families. A group rallies for affordable housing outside City Hall in Portland, Oregon.
States and cities are looking for ways to ease the housing crunch. This story was updated to reflect the proper name of the Minnesota Housing Partnership. In Roseau, Minnesota, there are good-paying jobs at the Polaris snowmobile factory. But a dearth of moderately priced housing means there are few places for the company’s managers and engineers to live. Sears, Kmart To Close 78 Stores This Summer — 3 Locations In Michigan. DETROIT (WWJ/AP) – Sears Holdings Corp. is closing another 78 stores, including three in Michigan, as it looks to restore profitability.
In all, 68 Kmart stores and 10 Sears stores will close. That accounts for about 5 percent of the company’s store base, which is nearly 1,700 stores. Locations closing in Michigan include: the Super K on Van Born Road in Taylor, the Kmart on Houghton Lake Drive in Houghton Lake, and the Sears on Eastman Avenue in Midland. The Super K store is closing in mid-September, while the other two stores will close in late July.
As Detroit breaks down, scourge of arson burns out of control. Fixing Detroit’s Broken School System: Improve accountability and oversight for district and charter schools. Detroit is a classic story of a once-thriving city that has lost its employment base, its upper and middle classes, and much of its hope for the future. The city has been on a long, slow decline for decades. It’s difficult to convey the postapocalyptic nature of Detroit. Miles upon miles of abandoned houses are in piles of rot and ashes.
Unemployment, violent crime, and decades of underinvestment have led to a near-complete breakdown of civic infrastructure: the roads are terrible, the police are understaffed, and there is a deeply insufficient social safety net. There are new federal funds and private investment being directed to Detroit’s renewal. In January 2014, as part of a multicity study, researchers from the Center on Reinventing Public Education (CRPE) met with a dozen parents in Detroit to learn about their experiences with education in the city. Ms. Today, Detroit is a “high-choice” city. School Choice with Few Options The dearth of high-quality options is evident to parents. Outsourcing Jobs to ... Detroit? Now, one tech company is declaring the latest trend, “Outsourcing to Detroit.”
Outsourcing generally refers to hiring an outside firm that’s cheaper, generally in countries like India or China, but Detroit was hit so hard by the auto industry crisis of the past two years, both in terms of jobs and real estate prices, that for American companies it’s starting to look like a viable competitor to developing nations. Forbes Welcome. Detroit Manufacturing Rekindled By Newer Companies Betting On City Despite Bankruptcy. DETROIT, Aug 2 (Reuters) - For nearly six decades Detroit’s story has been one of relentless erosion of its once mighty manufacturing base, but even as the Motor City faces a long bankruptcy a clutch of small producers has moved in to rekindle the “Made in Detroit” brand.
Making products ranging from bicycles to luxury watches and “sleeping bag” coats designed for the homeless, these small firms have tapped into a surprising amount of demand for goods made in a city more commonly associated today with failure and decline. Tech and innovation power Detroit's manufacturing revival. Similar efforts are under way in Detroit to foster innovation and entrepreneurism.
These include the Obama administration's manufacturing innovation institute, called Lightweight Innovations for Tomorrow (LIFT), launched in January, and the philanthropic New Economy Initiative (NEI), an economic development initiative working to build a network of support for entrepreneurs and small businesses. "We don't support entrepreneurs directly, but the ecosystem that does," explained David Egner, executive director of NEI, which has raised $135 million to fund entrepreneurs and programs like LIFT. Egner said that about 20 percent of its recipients are budding manufacturers, making things like heated motorcycle jackets, wooden pallets and carbon dioxide-based coolants for machinery.
Many are former autoworkers who have hooked up with TechTown, a nonprofit innovation hub and incubator situated in a 135,000-square-foot downtown facility provided by General Motors. —By Bob Woods, special to CNBC.com. What Really Ails Detroit. Is Detroit’s collapse the story of one American city gone awry?
Or is it indicative of a more profound nationwide problem? The facts point to the latter. Though Detroit’s bankruptcy is exceptional in many ways — notably, its size and its disproportionate impact on African-Americans — the overall decline of America’s manufacturing centers is evident in the deterioration of many smaller cities and towns throughout the Midwest and Northeast. What accounts for this sad turn of events? The traditional narrative holds that globalization, outsourcing and, after 2007, the recession have been responsible for devastating American manufacturing by moving jobs out of the country in enormous numbers. American manufacturing has been in trouble even since its heyday, in the 1950s and 1960s, when the United States was the global economic powerhouse and American assembly-line workers earned very decent middle-class wages. Amid Detroit bankruptcy, residents grapple with poverty and unemployment. DETROIT — Daniel Rice comes to the Michigan Works!
Billions in Debt, Detroit Tumbles Into Insolvency. Some bankruptcy experts and city leaders bemoaned the likely fallout from the filing, including the stigma.
They anticipate further benefit cuts for city workers and retirees, more reductions in services for residents, and a detrimental effect on borrowing. “For a struggling family I can see bankruptcy, but for a big city like this, can it really work?” Said Diane Robinson, an office assistant who has worked for the city for 20 years. “What will happen to city retirees on fixed incomes?” But others, including some Detroit business leaders who have seen a rise in private investment downtown despite the city’s larger struggles, said bankruptcy seemed the only choice left — and one that might finally lead to a desperately needed overhaul of city services and to a plan to pay off some reduced version of the overwhelming debts.
Photo “The worst thing we can do is ignore a problem,” said Sandy K.