Sunday, January 15, 2012

The parable of Detroit: So cheap, there’s hope

Oct 20th 2011 (The Economist)

Having lost a quarter of its population in a decade, America’s most blighted big city could be turning the corner

IT IS hardly news that the city of Detroit has been in long-term decline, a victim of everything from the problems of the “big three” carmakers to family breakdown, crime and middle-class flight, both black and white. ...

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