by Alan Pyke Posted on April 16, 2014
Emergency personnel will see no pension cuts and others are getting a much smaller cut than had been offered before, but that's cold comfort for many.
by Alan Pyke Posted on April 11, 2014
Detroit will pay banks 31 cents on the dollar to cancel the deals that bankrupted the city in the first place, leaving retirees vulnerable.
by Alan Pyke Posted on March 4, 2014
Detroit is trying to pay two giant banks just 30 cents on the dollar, and the banks see this as good news.
by Alan Pyke Posted on February 25, 2014
Detroit's proposal for ending the nation's largest municipal bankruptcy is finally out, but that doesn't mean workers know what's in store for them.
by Carimah Townes Posted on January 30, 2014
The child death rate in Detroit exceeds that of many third world countries.
by Alan Pyke Posted on January 16, 2014
The emergency manager wanted to pay banks 60 cents on the dollar while planning to give retirees far less.
by Alan Pyke Posted on January 13, 2014
A plan to save Detroit's art from the auction block is starting to take concrete shape, but it's still unclear how it would help retired city workers.
by Alan Pyke Posted on January 6, 2014
Detroit's emergency manager is forging ahead with huge retiree health insurance cuts while claiming to still be negotiating with workers for a better deal.
by Alan Pyke Posted on December 26, 2013
A revised proposal would pay banks about 60 cents on the dollar, rather than 80, but that's still four times as generous as Detroit wants to be to retirees.
by Alan Pyke Posted on December 20, 2013
A federal bankruptcy judge blocked Detroit's emergency manager from giving a sweet deal to banks at the same time that he is trying to drastically cut pensions.