The mayor of Detroit, Dave Bing, has seemed keen to negotiate a consent agreement between the city and the state. This would avoid a takeover, but would still set out exactly how the city must extricate itself from the crisis and manage itself in fut...
APART from more money, what the city of Detroit needs most is certainty. Both are in short supply at the moment. On March 21st a state-appointed review team unanimously agreed that it is suffering a severe financial emergency. The day before, Moodys...
