Filed in archive
markets
by leon on November 22, 2009
While Michigan's unemployment is at 15.1%, Detroit's rate is at close to 28%, thanks to years of mismanagement by Ford, Chrysler and GM.
Things are so bad in Detroit now that they can't even bury their dead. As The Times reports, the bodies have been piling up in the morgue and the tally has now reached a record high. This is the city that once boasted the highest median income and home ownership rate in the United States.
Things are so bad in Detroit now that the city has been forced to turn to a charity to bury its dead.
The tragedy of Detroit is that it symbolizes the collapse of the American Dream and University of Michigan economists see another two years of job losses ahead.
When will the American economy recover? Look to Detroit as the yardstick.
Permalink: Detroit struggles to bury its dead
Trackback: http://publish.creative-weblogging.com/publish/mt-tb.pl/166600
Addthis
Ask
Blinklist
del.icio.us
Digg
Fark
Facebook
Google
Lycos
Ma.gnolia
Mr Wong
Netscape
Netvousz
Newsvine
Reddit
StumbleUpon
Slashdot
Tailrank
Technorati
Wink
Yahoo
Vote for Detroit struggles to bury its dead:
|
Rating: 6.00 out of 2 vote(s) cast.
|
Subscribe
Use the search to look for other interesting posts
| RSS |  See all blog subscribe options |
 What is RSS? | |
| Yahoo! |
|
| Addthis |
|
| Bloglines |
|
| Newsletter | |
| Follow us on Twitter! |
