DETROIT (AP) — A former Detroit university professor is pledging $5 million, hoping it will spark a wildfire of private financial support to protect…
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That’s the one good thing you can say about what’s going on in Detroit: It will hopefully motivate the politicians, employees and unions everywhere else to face reality and not believe the Tooth Fairy will somehow deposit the cash under their pillows.
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In the last century, when Detroit’s big thinkers first planted the “art” seeds that eventually grew into a world-class institution, could they ever have imagined, in their wildest dreams, a scenario like the LA Times chronicles?
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The US debt ceiling is a legislative limit on the US Treasury’s ability to borrow money. It was first created in 1917 and can be modified by Congress. As of this month’s agreement, the debt ceiling has been raised 79 times since 1960.
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It turned out that we found a much bigger house, with more light, a beautiful backyard, in a great location — for less money than we had been paying. The need to move, which initially had seemed like such terrible news, turned into a very positive thing for us.
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