The Bankruptcy of Detroit
By Thomas Gaist, 8 March 2014
Bloom has built a career around cutting favorable deals with Wall Street on behalf of the union bureaucracy.
By Thomas Gaist, 7 March 2014
Anticipating blowback as the unions collaborate in the cutting of pensions, a union-affiliated retiree organization is seeking insurance protection against future lawsuits.
By Thomas Gaist, 6 March 2014
After helping select the financial consulting firm for a $19 million contract to restructure Detroit, Michigan’s former state treasurer has been hired as a “project adviser” by Conway MacKenzie
6 March 2014
The following report was submitted to the Workers Inquiry into the Bankruptcy of Detroit and the Attack on the DIA & Pensions held at Wayne State University on February 15.
By Thomas Gaist, 5 March 2014
The March 2 meeting, sponsored by liberal and “left” supporters of the Democratic Party, called on Detroit pensioners to appeal to the Obama administration to defend them.
By Thomas Gaist, 5 March 2014
The disastrous interest rate swaps deal signed in 2005-06 with UBS and Bank of America has cost the city some $50 million annually
By Marc Wells, 4 March 2014
Italy’s new premier, Matteo Renzi, has approved a decree that prepares the framework for an unprecedented assault on public workers and services as well as the selloff of cultural assets.
By Debra Watson and Mitch Marcus, 4 March 2014
Both bus riders and bus drivers in Detroit are being singled out for further pain under Emergency Manager Kevyn Orr’s Plan of Adjustment.
By Jerry White, 3 March 2014
After releasing his bankruptcy restructuring plan late last month, Emergency Manager Kevyn Orr is pressing the city’s 23,500 retired municipal workers to accept unprecedented pension and health care cuts.
After release of Detroit bankruptcy plan
By Thomas Gaist, 1 March 2014
Leading corporate media outlets and think tanks are pushing for the “modification” of pensions owed to workers throughout the country.
Reports to the Workers Inquiry
By Barry Grey, 28 February 2014
This report was presented February 15 to the Workers Inquiry into the Bankruptcy of Detroit and the Attack on the DIA & Pensions by Barry Grey, World Socialist Web Site US national editor.
“People with vast means are salivating over our homes”
By Zac Corrigan, 28 February 2014
Today in downtown Detroit about 20 tenants, most of them young artists and musicians, are being evicted from their apartments at 1217 Griswold Street.
By Shannon Jones, 28 February 2014
Lawrence Porter, chairman of the Workers Inquiry, addressed the well-attended meeting, which attracted city workers and retirees, Griswold tenants facing eviction, students, young workers and professionals
By Jeff Lusanne, 27 February 2014
In this video, workers and youth reflect on the content of the Inquiry, its significance and the way forward in the fight to defend the rights of working people.
Report to the Workers Inquiry
By David Walsh, 26 February 2014
This report was presented February 15 to the Workers Inquiry into the Bankruptcy of Detroit and the Attack on the DIA & Pensions by David Walsh, World Socialist Web Site arts editor.
By Thomas Gaist, 25 February 2014
Anger is building in the working class against the emergency manager’s plan of adjustment, which includes slashing pensions and health benefits.
By Tracy Montry and Betty Hayes, 25 February 2014
After months of remaining silent on the plight of the Griswold and other low-income residents being evicted from downtown, the Detroit News published a front page feature February 20 entitled, “Downside of upswing: Downtown Detroit squeeze forces out longtime tenants.”
By Joseph Kishore, 24 February 2014
The “plan of adjustment” released by Detroit Emergency Manager Kevyn Orr is a massive assault on the city’s working class.
Report to the Workers Inquiry
By Tom Carter, 24 February 2014
This report was presented February 15 to the Workers Inquiry into the Bankruptcy of Detroit and the Attack on the DIA & Pensions, by Tom Carter, World Socialist Web Site legal correspondent.
By Thomas Gaist, 22 February 2014
The plan released by Emergency Manager Kevyn Orr includes major cuts to city worker pensions and health care.
Report to the Workers Inquiry
By Larry Porter, 21 February 2014
This report was presented to the February 15 Workers Inquiry by Larry Porter, assistant national secretary of the Socialist Equality Party and chairman of the Workers Inquiry into the Bankruptcy of Detroit and the Attack on the DIA & Pensions.
Plant closings, layoffs hit Michigan workplaces
By Shannon Jones, 20 February 2014
The nation’s third largest air carrier is contracting out ground worker jobs to low wage service providers.
By Thomas Gaist, 20 February 2014
The plan to privatize trash collection was pre-authorized by the Detroit’s emergency manager and rubber stamped by the City Council on Tuesday.
Report to the Workers Inquiry
By Jerry White, 19 February 2014
This report was presented to the February 15 Workers Inquiry by Jerry White, a writer for the World Socialist Web Site and the Socialist Equality Party’s candidate in the 2012 US presidential election.
By James Brewer, 19 February 2014
Water main breaks in Detroit are causing flooding, stranded motorists, damaged basements and a backlog of repairs for the water department.
“We need to educate more people. We have to know who we are fighting here.”
By WSWS reporters, 18 February 2014
Workers, retirees and youth spoke with the World Socialist Web Site after the Workers Inquiry.
By our reporter, 18 February 2014
Workers, students and youth discussed the central political issues at stake in the Detroit bankruptcy at the Workers Inquiry on February 15.
By Kate Randall, 17 February 2014
The inquiry exposed a political conspiracy to rip up city workers’ pensions and benefits, privatize the DIA and restructure the city in the interests of the rich.
“This country could have a revolution”
By WSWS reporters, 17 February 2014
The WSWS spoke with workers, retirees and youth after the Workers Inquiry.
By World Socialist Web Site Editorial Board, 14 February 2014
On Saturday, the Socialist Equality Party in the US is holding an Inquiry to reveal the social and political roots of the Detroit bankruptcy and provide workers with the information they need to fight back.
As Detroit water department faces threats
By Jean Shaoul, 14 February 2014
The history of the privatization of the water system in Britain 25 years ago exposes the claims that “free enterprise” can improve the functioning of a publicly owned and operated water system.
Obama’s corporate education model
By Nancy Hanover, 13 February 2014
Michigan’s EAA is being used as a national blueprint for the corporate control of education.
By Thomas Gaist, 12 February 2014
The 30-year lease to the state paves the way for the island’s privatization
By Thomas Gaist, 11 February 2014
With less than a week before the Workers Inquiry into the Bankruptcy of Detroit and the Attack on the DIA & Pensions, the World Socialist Web Site spoke with Detroit firefighters about the Inquiry.
Tenants Council welcomes Lawrence Porter
By WSWS reporters, 10 February 2014
Socialist Equality Party Assistant National Secretary Lawrence Porter addressed a lively meeting of tenants at the invitation of the United Tenant Council of Councils on February 7.
“We have to be conscious, think, plan and unite”
By WSWS reporters, 8 February 2014
The WSWS spoke to workers who explained why they were planning to attend the Workers Inquiry into the Bankruptcy of Detroit and the Attack on the DIA & Pensions (detroitinquiry.org).
By Thomas Gaist, 7 February 2014
The new Red Wings hockey stadium, which will receive government subsidies of at least $285 million, is only the latest in a long line of corporate giveaways in Detroit.
By Thomas Gaist, 6 February 2014
The deal will transfer 39 parcels of land to Mike Ilitch’s Olympia Development for one dollar.
By our reporters, 5 February 2014
Workers at the wastewater treatment facility in southwest Detroit spoke to the WSWS about conditions at the plant.
By Alexander Fangmann, 5 February 2014
Chicago’s Democratic mayor, Rahm Emanuel, is escalating the attack on retiree benefits on the city and state level.
By Jerry White, 4 February 2014
The city’s “plan of adjustment” outlines a savage assault that will set a precedent to escalate the attacks on the working class throughout the US and internationally.
New pamphlet on Detroit bankruptcy
For a Workers Inquiry into the Bankruptcy of Detroit
4 February 2014
This new SEP pamphlet examines the financial swindles behind the bankruptcy of Detroit.
By Lawrence Porter, 4 February 2014
The following statement was issued by Lawrence Porter, the assistant national secretary of the Socialist Equality Party and chairman of the February 15 Workers Inquiry into the Bankruptcy of Detroit and the Attack on the DIA & Pensions.
By Khara Sikhan, 4 February 2014
Detroit’s infant mortality rate of 14.7 per 1,000 live births is worse than in many developing nations.
3 February 2014
Low-income seniors facing eviction from the Griswold Building in downtown Detroit appeal for support.
As media pushes governor’s “rescue” fraud
By Tim Rivers, 3 February 2014
Visitors to the Detroit Institute of Arts have reacted with suspicion over the scheme by mediators to put the museum’s priceless collection into the hands of private foundations as part of a bankruptcy settlement.
By Thomas Gaist, 1 February 2014
The emergency manager’s “plan of adjustment” will hand control of retiree health benefit funds to a union-controlled VEBA, slash pensions and privatize services.
By Mitch Marcus and Debra Watson, 31 January 2014
At public meetings held by the Detroit Department of Transportation last week, city officials made it clear that fare hikes are coming and that further massive service cuts are being demanded by Detroit’s creditors
By Thomas Gaist, 31 January 2014
The grand bargain being spearheaded by Michigan Governor Rick Snyder would transfer legal titles to all DIA assets “free and clear” to a private corporation.
By Lawrence Porter, 30 January 2014
Workers must oppose plans to eliminate 700 jobs—or 40 percent of the workforce—at the Detroit Water and Sewerage Department over the next several months.
By Bryan Dyne, 30 January 2014
As in Detroit, bankruptcy is being used as a cudgel against Flint workers to gut pensions and force through further concessions.
By Lawrence Porter, 29 January 2014
The real purpose of the proposal is to politically disarm the working class and facilitate the looting of the city by the corporate and financial elite.
By Thomas Gaist, 28 January 2014
DTE Energy and Consumers Energy carried out hundreds of thousands of utility shutoffs in Michigan during 2013.
The reality behind the “comeback” of Detroit
By Tim Rivers, 27 January 2014
Workers attending the North American International Auto Show spoke with reporters from the WSWS about the Workers Inquiry into the Detroit bankruptcy.
By Thomas Gaist, 25 January 2014
The “rescue” package for Detroit being promoted by Michigan Governor Rick Snyder will not save retirees from reductions in their pension and health benefits.
By a WSWS reporting team, 25 January 2014
The meeting was attended by students, workers and retirees, including a delegation of tenants facing eviction from the Griswold Apartments in downtown Detroit.
By our reporting team, 24 January 2014
Over 23,000 retired City of Detroit workers face a devastating cut in pensions and health care benefits under the bankruptcy restructuring plan being prepared by the city’s emergency manager.
By Thomas Gaist, 23 January 2014
Governor Rick Snyder stressed that such a settlement would be based on a deal involving full cooperation from the unions.
By Thomas Gaist and Jerry White, 23 January 2014
A Martin Luther King Day rally was used to whitewash the role of the unions and the Democratic Party in the bankruptcy of Detroit.
“Who can argue about a tree?”
By Zac Corrigan, 22 January 2014
Hantz Farms, a company owned by wealthy investors, has bought 1,500 abandoned lots on Detroit’s lower-east side for half a million dollars.
By James Brewer, 21 January 2014
The plan to put the Detroit Water and Sewage Department under regional control is the first step towards privatization of one of America’s largest publicly owned water systems.
SEP and IYSSE teams campaign for February 15 meeting
By Tim Rivers, 20 January 2014
Workers and young people responded strongly last week to the campaign for the February 15 Workers Inquiry into the Bankruptcy of Detroit and the Attack on the DIA and Pensions.
Public meeting at the University of Michigan
20 January 2014
The Socialist Equality Party and International Youth and Students for Social Equality will hold a public meeting at the University of Michigan on Wednesday, February 5 to discuss the campaign to build the Workers Inquiry into the Bankruptcy of Detroit.
Behind the fraudulent “rescue” plan
By Thomas Gaist, 18 January 2014
The $100 million demand amounts to an act of extortion and would have a ruinous impact on the museum’s balance sheet.
By Thomas Gaist, 17 January 2014
Rhodes acknowledged that a challenge to the legality of the “swaps deal” was “likely to succeed” but told the Detroit emergency manager to re-negotiate a payoff for the banks anyway
International Youth and Students for Social Equality holds rally to build support for Workers Inquiry
By our reporters, 17 January 2014
The IYSSE at Detroit’s Wayne State University is leading the fight to develop working class opposition to the bankruptcy.
By WSWS reporters, 16 January 2014
Facing the loss of their pensions and health benefits, thousands of retired Detroit city workers attended an event January 14 called by the union-affiliated Detroit Retired City Employees Association.
A Report on the Workers Inquiry into the Bankruptcy of Detroit
16 January 2014
The Socialist Equality Party and International Youth and Students for Social Equality will hold a public meeting on January 23 at Wayne State University to discuss the campaign to build the Workers Inquiry into the Bankruptcy of Detroit.
"This deal should have the swap counterparties paying the city"
By Thomas Gaist, 14 January 2014
Witnesses testified Monday that the 2005 interest rate swaps deal, which has drained hundreds of millions from Detroit's budget, was made in violation of Michigan state law.
By Larry Porter, 14 January 2014
The following statement was released by Larry Porter, the assistant national secretary of the Socialist Equality Party and chairman of the Workers Inquiry into the Bankruptcy of Detroit and the Attack on the DIA and Pensions.
“Educated workers are dangerous workers”
By our reporting team, 13 January 2014
An SEP campaign team discussed the upcoming Detroit Workers Inquiry at Eastern Market on Saturday.
By Kevin Reed, 11 January 2014
An examination of the Blight Removal Task Force co-chaired by billionaire Dan Gilbert shows it has nothing to do with improving the conditions of life of the people of Detroit.
Behind the attack on the Detroit Institute of Arts
By Nancy Hanover, 9 January 2014
In December, a US District Court judge proposed a “grand bargain” in which the world-class Detroit Institute of Art would be handed over to private foundations in exchange for $500 million, ending the century-long public ownership of the famous museum.
By Thomas Gaist, 8 January 2014
Detroit is only one in a long line of cities, which have paid gigantic sums to the big banks as a result of predatory interest rate swaps.
By Thomas Gaist, 6 January 2014
Hearings continued last week on a plan for Detroit to pay $165 million to end a swaps deal with Bank of America and UBS that has already bled hundreds of millions of dollars from the city’s coffers.
By Shannon Jones, 6 January 2014
The deaths are the most recent in a series of tragedies related to the use of space heaters in cold weather.
By Lawrence Porter—chairman of the Detroit Workers Inquiry, 3 January 2014
Duggan assumes an office with virtually no powers, with all decisions in the hands of an unelected emergency manager.
By our reporters, 3 January 2014
“These things are owned by the people, not just by the city council; they’re the people’s property.”
By Walter Gilberti and Nancy Hanover, 31 December 2013
Long before Michigan’s emergency manager law was used to throw Detroit into bankruptcy, the anti-democratic measure was first used to restructure Detroit schools and create a profit driven school system.
”They want to go back to the days when art was only for the wealthy”
By Jerry White, 30 December 2013
A Socialist Equality Party team campaigned outside the Detroit Institute of Arts Saturday to build for the Workers Inquiry into the Attack on the DIA to be held February 15 at Wayne State University.
Fee bonanza for attorneys, accountants and consultants:
By Kevin Reed, 28 December 2013
Nothing reveals more openly the criminal looting of Detroit by the wealthy elite than the $100 million being paid out to well-connected law firms, accountants and consultancy businesses.
Statement from the chairman of the Workers Inquiry
By Lawrence Porter, 27 December 2013
Lawrence Porter issued the following statement on the city of Detroit’s settlement with Bank of America and Swiss bank UBS.
As campaign builds for workers inquiry
By Tim Rivers, 24 December 2013
Many workers and young people at Chrysler’s Warren Truck plant and Detroit’s Eastern Market spoke out about the issues being investigated by the Workers Inquiry into the Attack on the DIA and the Bankruptcy of Detroit.
Inquiry gains momentum among workers
By Tim Rivers, 23 December 2013
At a Chrysler plant and Detroit’s Eastern Market, workers denounced the looting of city pensions and the art museum, the mortgage swindle and the disappearance of well-paying jobs.
“What you have now is not a true government, it is a dictatorship”
By our reporters, 21 December 2013
For four years, Detroit residents have seen the already grossly inadequate public bus system gutted by cuts in public funding.
By Joseph Kishore, 20 December 2013
An itemized list from the New York City auction house places the combined monetary value of a selection of the DIA’s most significant artwork at $867 million.
In the bankruptcy court
By Thomas Gaist, 19 December 2013
Nearly two-thirds of the massive loan sought by Kevyn Orr will likely be paid to Bank of America and UBS AG to end the "swap deal."
By our reporter, 18 December 2013
Lawrence Porter, the chairman of the Workers Inquiry into the Attack on the DIA and the Bankruptcy of Detroit, condemned the handover of the city’s public lighting system to utility giant DTE Energy.
By Thomas Gaist, 17 December 2013
The bankruptcy judge has approved a key aspect of Emergency Manager Kevyn Orr’s plan to privatize Detroit’s public lighting system.
By Gabriel Black, 17 December 2013
Detroit’s bankruptcy ruling will be used to deepen the attack against workers in California.
By our reporters, 16 December 2013
A WSWS team spoke with Detroit fire firefighters and workers at the city’s giant sewerage treatment plant.
By Jerry White, 13 December 2013
Although the details of the secret discussions involving the fate of the Detroit Institute of Arts remain sketchy, a federal mediator in the Detroit bankruptcy case is reportedly close to a deal that would privatize the DIA.
By our reporting team, 13 December 2013
Two Detroit house fires in the past week have left two children dead and other residents injured.
By Nick Barrickman, 12 December 2013
The attack on federal workers’ retirement funds comes as municipal and state-level employees are also seeing reductions to their future benefits.
By David Walsh, 12 December 2013
The proposal to set up a private trust that would buy the Detroit Institute of Arts from the city of Detroit is historically regressive and would place the priceless artwork firmly in the hands of the moneyed elite.
By Sybille Fuchs, 12 December 2013
The Detroit project organised in the German city of Bochum is a cultural cover-up for the treachery of the SPD and the trade unions in the city.
By Thomas Gaist, 11 December 2013
The 2012 “Report of the State Budget Crisis Task Force” makes the case for massive cuts to social benefits and social infrastructure.
By Jerry White, 10 December 2013
Appearing Sunday on the Detroit news talk show “Flashpoint,” Detroit Emergency Manager Kevyn Orr outlined his plans to attack public employee pensions and sell off public assets.
By Our reporting team, 10 December 2013
Supporters of the Socialist Equality Party (SEP) held a meeting Saturday with tenants facing eviction at the Griswold Apartments in downtown Detroit to discuss the February 15 Workers Inquiry Into the Attack on the DIA and the Bankruptcy of Detroit.
By Thomas Gaist, 7 December 2013
Ultra-wealthy individuals and foundations are seeking to privatize the Detroit Institute of Arts (DIA).