mead cohen berger shevtsova garfinkle michta grygiel blankenhorn
Lesson from Detroit
Lesson from Detroit
The Regulatory Reform Urban Democrats Hate

The Detroit bankruptcy is giving some Wall Street firms a splitting headache. The embattled city’s emergency manager Kevyn Orr is pursuing a lawsuit that would let the city stop making payments on a $144 billion pension deal centering on what the city’s lawyers are now calling “sham” contracts.

Lesson from Detroit
It's Expensive Being Broke

It’s beginning to look like Detroit’s bankruptcy will come in with a pretty hefty price tag. Despite being effectively broke, the city has already spent an astonishing $28 million on fees for lawyers and consultants brought on to assist with the process, some of whom are earning nearly $200,000 per month. The lesson for other cities: Bankruptcy is expensive and should be avoided if at all possible.

Via Meadia Icon
Recent Via Meadia
Walter Russell Mead & Staff
Crude Economics

If the Saudis don’t bite the bullet next month, the cartel’s relevance will fade significantly.

Why We Can't Have Nice Things

An expert working on the project cautions the MTA may miss its next deadline.

Higher Ed Shake Up

New low-cost programs are carving out a critical space in the U.S. higher education system.


Hint: it isn’t pretty.

Blue Model Blues

Kicking the can down the road is turning into a hobby for PA lawmakers.

Xi who must be obeyed

The Chinese President’s new status as “core” leader will strengthen his hand, but rifts remain within the Party.

© The American Interest LLC 2005-2016 About Us Masthead Submissions Advertise Customer Service