Central Falls

Detroit: A story that must be told

By Ted Dabrowski
08/23/2013
Two weeks ago I took in the demise of Detroit with my own eyes. I was fortunate to be with my colleague, Detroit native Paul Kersey. As we embarked on the trip, he told me “Detroit is a story that must be told.” He was right. I’d seen the pictures and knew the history, but...

TAGS: Detroit

What Happens When a City Goes Bankrupt?

08/03/2011
by Kolin Karchon  On August 1st, the city of Central Falls in Rhode Island filed for Chapter 9 bankruptcy protection citing that  “the city’s financial condition has deteriorated to the point where it is insolvent.” The city’s pension plan is expected to run out of assets by October, but city negotiations regarding benefit cuts with current workers...