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Motor City Meltdown
Motor City Meltdown
Detroit Cuts Pensions, Again

Detroit has decided to make the cuts to public pensions even deeper than expected. Pensioners in other cities should beware.

Motor City Meltdown
Detroit Looks to Sell Sewer System as Unpaid Bills Pile Up

Nearly half the users of Detroit’s water and sewer systems are behind on payments, and the city is warning that it will cut off the taps. Meanwhile, the city is looking to privatize the struggling department to clear away some debt.

Motor City Meltdown
Motorless in the Motor City

Detroit was built on cars, but today many of its citizens don’t even have one. That’s not necessarily a problem, if your city has great public transportation—but Detroit bus system is anything but great.

Motor City Meltdown
Divide and Conquer in Detroit

Detroit’s new bankruptcy proposal is much more favorable to pensioners than bondholders, but it is still drawing fire from both sides. Will the city’s divide-and-conquer strategy work?

Motor City Meltdown
Detroit Chooses Pensioners over Bondholders in Debt Plan

Detroit has finally unveiled its debt repayment plan, and the terms are far more favorable to city pensions than outside bondholders. This is good news for Detroit’s pensioners, but it could have ripple effects across municipal debt markets.

Motor City Meltdown
Michigan One Step Closer to Detroit Bailout

Almost six months to the day after Detroit filed for bankruptcy, Michigan’s state government may finally lend a hand to the troubled city. Earlier this month, a group of foundations, aided by a bankruptcy judge, came up with a plan to allow Detroit to get money from its precious art collection without losing control of the art. Now it looks like the state may be on board with the plan. The Governor’s office has been hinting that it plans either to match the contributions of the foundations or at least to pledge money to help Detroit pay its pensions directly.

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Walter Russell Mead & Staff
Trouble in Brussels

After threatening Putin with new sanctions over Syria, European leaders discover they lack the political will to deliver.

The United States is now going to have to figure out how to help Venezuela avoid completely melting down, with the Venezuelan strongman still at the helm.

Fear the Airpocalypse

Companies are defying orders to cut back on air pollution.

Asia's Game of Thrones

Philippine officials sought to clarify Duterte’s comments on separating from the U.S., but the situation is still murky.

Reefer Madness

Is it Gary Johnson’s world? Not necessarily.


Rosneft CEO Igor Sechin thinks Moscow can add 4 million barrels per day in the coming years.

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