Mr. Charles

Classroom Blogs

4. Detriot Bankruptcy

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A big piece of economic news this summer was the city of Detroit filing bankruptcy.  Detroit’s issues are unique in scale, but are shared by many cities and governments throughout the country.  The first link is a news article from July, the second is a Wikipedia page for you to explore more information.  A few questions to guide your response…

  1. How did Detroit come to this point?
  2. What exactly is bankruptcy?
  3. What will happen now?

http://www.nytimes.com/2013/07/19/us/detroit-files-for-bankruptcy.html?pagewanted=all&_r=2&

http://en.wikipedia.org/wiki/Detroit_bankruptcy

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