CNN: Detroit: The ‘Used To Be’ City

(CNN) — “This block used to be full of pretty little houses with well-kept yards.” When you spend any time in the newly bankrupt Detroit, you get very accustomed to hearing the words “used to be.”    It’s a phrase often uttered …

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Huffington Post: A Federal Bailout For Detroit’s Pensions?

Here’s an economic free-association test. Read the following sentence:

The Federal government should bail out Detroit city worker’s pensions so that retirees can be paid in full.

Some people will approve of the idea. But others will be shocked or angry. They’ll conjure up images of prosperous retirees making a fortune at everyone….

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Detroit Free Press: Stephen Henderson: Washington must see Detroit’s potential

The White House’s we’ll-keep-an-eye-on-that response to the biggest municipal bankruptcy filing in U.S. history is an astounding puzzler and suggests a dangerous lack of urban vision — and no understanding of Detroit’s…

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Financial Times: Bill to restore Glass-Steagall unnerves Wall St

The latest political threat to Wall Street came from an unlikely pair this week:  Elizabeth Warren, the liberal first-term Democratic senator from Massachusetts,  and John McCain, the veteran Republican senator from Arizona…

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Washington Post: Charles Lane: End food stamps, with a caveat

Congress is in an uproar over the Supplemental Nutrition Assistance Program (SNAP), commonly known as food stamps.   In the past half-decade, mostly because of the recession, enrollment grew to 21.1 million U.S. households — encompassing one-seventh of the population when you include…

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Wall Street Journal: Jeb Bush and Clint Bolick: Solving the Immigration Puzzle

The nation’s capital is awash with ideas about how to fix America’s immigration
policy. The sudden ferment on this issue, which was largely dormant since
efforts at comprehensive reform were torpedoed five years ago, is as welcome as
it is overdue. The growing consensus on both sides of the political…

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USA Today: Campaign advisers tied to lending crisis

USA Today, Updated:   4/3/2008 12:20 AM

WASHINGTON — On the campaign trail, Democrats Hillary Rodham Clinton and Barack Obama have proposed cracking down on the predatory lending that they say helped fuel the foreclosure…

Read more: Dr. Wilmer Leon: Poverty, Priorities and the Presidential Budget

President Obama’s 2014 proposed budget is mix of spending cuts and tax increases.  His stated goal is the creation of a “…rising, thriving…

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NY Times: State-Wrecked: The Corruption of Capitalism in America

The Dow Jones and Standard & Poor’s 500 indexes reached record highs on Thursday, having completely erased the losses since the stock market’s last peak, in 2007. But instead of cheering…

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