Detroit: Bankrupt and broken — but not beyond hope

Grist
By Susie CagleJul 18, 2013, 6:39 pm21 pts
Today, the long-troubled city of Detroit declared bankruptcy — the largest and costliest municipal bankruptcy in the history of the country. The filing will allow the city to overhaul its massive debt load (confirmed at just over $9 billion, though the city’s emergency manager says it could be more like…

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