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Creditors say Detroit’s bankruptcy plan lacks needed details

(Reuters) – Creditor objections flowed into a U.S. bankruptcy court on Monday, claiming a document supporting Detroit’s plan to deal with $18 billion of debt and other obligations is missing crucial details. Labor unions, bond insurers, bondholders, city retiree groups and Michigan county governments met Monday’s deadline set by the…

Bankruptcy judge approves $120 million loan for Detroit

(Reuters) – A U.S. bankruptcy judge on Wednesday approved Detroit’s plan to borrow $120 million from Barclays PLC to improve services in the cash-strapped city. Judge Steven Rhodes, who is overseeing Detroit’s historic bankruptcy case, overruled objections by city creditors who took issue with the timing and structure of the…

Detroit asks federal court to approve a deal stopping interest rate swaps

(Reuters) – Detroit on Monday asked a U.S. Bankruptcy Court judge to approve its third try at ending controversial interest rate swaps, laying out a plan that would cost the city just $85 million. The cost to terminate the hedging deals with UBS AG and Merrill Lynch Capital Services is…

Three separate Detroit residents shoot intruders in one week, two killed

A cluster of armed defenses from intruders in Detroit has given ammunition to the police chief’s support for an armed populace as a way to combat crime. Earlier this week, a woman fired shots from a rifle as three teenagers tried to break into her house. None were hurt. Two…

Bankruptcy judge turns down Detroit deal with banks on pension debt

A U.S. bankruptcy judge rejected a deal on Thursday that would have allowed Detroit to pay two banks $165 million to conclude a disastrous pension debt agreement, which has been partly blamed for bankrupting the city. Judge Steven Rhodes turned down the compromise on the premise that it was “just…

The fight to investigate Detroit’s 11,000 forgotten rapes

Detroit’s reputation precedes it: its economic decline and apparent decay regarded as a warning sign for modern civilisation. But one Motor City native isn’t buying this narrative. “Detroit is a wonderful place,” enthuses Kym Worthy. “Yes, it’s half the size it once was, and yes it has had its share…

Elmore Leonard: Master of verbal tics and black humor

Acclaimed American writer who praised plain writing achieved literary daring across 60-year publishing career Although the death of the American writer Elmore Leonard – on Tuesday, aged 87, in Detroit, from complications from a recent stroke – is certainly a matter for sadness and regret, the writer would not want…

Detroit’s unions file challenge to city’s bankruptcy filing

(Reuters) – Detroit’s unions filed a challenge on Monday to the city’s historic bankruptcy filing, contending that the city has not met key requirements to seek protection from its creditors. The American Federation of State, County and Municipal Employees Council 25 and other unions said Detroit has not proven it…

Detroit police get email containing all women officers’ bra sizes

Detroit police officers were startled to receive an email Monday that contained the height, weight and bra-size of all women police officers on the force. According to Detroit’s Fox 2 News, the information was contained in a forwarded email notifying officers that their bulletproof vests and body armor were ready…

Detroit city officials misplace $1 million check for a month

Officials in the financially beleaguered city of Detroit misplaced a $1 million check made out to the city’s school system for a month. According to Bloomberg News, the fact that the check languished in a drawer, forgotten, for weeks from late February to March is another sign of the city…

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