In 1 zip code, within a 1 year time period, one has a 1 in 7 chance of being the victim of a violent crime. One is safer in most of Iraq or Syria than in that particular neighborhood.
Tag Archives: Detroit
Michael Moore Says ‘Capitalism is a Crime.’
Michael Moore cites the disaster in Detroit as an example of capitalism’s nefarious nature. Sadly he appears to have no understanding of the fact that the reason Detroit is the wasteland it has become is because of collectivist (read anti-capitalist) policies over decades.
A Sad Subprime City, Detroit
Detroit used to be one of the “big big cities” of the United States. During the middle part of the 20th Century it was a capital of industry and economic vitality. New York, Chicago, LA, Philly, San Francisco, and Detroit. The heavy hitters. Now Detroit seems only to be taking the hits.
Detroit Continues Its Descent into the World of Mad Max
47% of property owners in Detroit didn’t pay their property taxes last year. Honestly who can blame them?
Government audit criticizes exec pay at GM, Ally, AIG after bailouts
Looks like the “Pay Czar” is being a little loose with the purse strings. The bailouts were so long ago. How can we expect these executives to get by on less than a million dollars a year?
Last Year We Said Turn Detroit into a Free Enterprise Zone, Some in Detroit May be Listening
Of course we are probably not the only ones to think that turning Detroit into an economic “free zone” could go a long way toward solving the city’s problems. It’s right on the border with Canada (which is doing pretty well at this moment) and it has a good port. It just makes sense considering the basket case Motown has become. It is essentially a non-functioning city.
How Cash for Clunkers Hurt Both the Poor and Small Business People
I am a big fan of used cars generally. I just can’t bring myself to buy a new one given the immediate depreciation which occurs once I wave goodbye to the salesman. It’s just too painful for me. I prefer to buy my cars used.
The GM Deal Just Keeps Getting Worse for Taxpayers
Yesterday, it was announced that GM will buy back 200 million shares at a nearly 50% discount. (To the level which is “break even” for taxpayers.) That’s right, the taxpayer bailed out the company, or more specifically the United Auto Workers and their over funded pension and health care system, and now the taxpayer is selling (because the government wants to sell the shares) at far below the point at which taxpayers are paid back in full.
GM Begins Buying Back Shares From the Government at Almost 50% Under Break Even for Taxpayers
Detroit Voted the Right Way, Bail Us Out (Again)
In this clip, Detroit city councilwoman Joanne Watson explains that since the Motor City voted for the president she expects some “bacon” from Washington.
“There ought to be a quid pro quo.”
