Detroit

Detroit’s Train to Nowhere?

10/15/2010
by Amanda Griffin-Johnson According the 2010 ALEC-Laffer State Economic Competitiveness Index, Michigan ranks 50th for economic performance, 50th for personal income growth per capital, and 50th for job growth. Detroit has lost half of it’s population since 1950 and was the 2009 “murder capital.” Is this the time or place for new light rail construction? From Reason.tv: The Motor City...

TARP Watch: Local Bank Is on Timothy Geithner’s Radar

07/15/2010
by Joe O’Malley Contrary to the free-market principle that businesses which make reckless decisions should fail, Chicago Democrats are now petitioning Treasury Secretary Timothy Geithner to bail out a local community bank. Its name is ShoreBank. According to the New York Times, ShoreBank made business decisions that were very poor: “An ill-timed, overly aggressive expansion at the...