Blog: Glenn BrooksDetroit defaults to avoid bankruptcy

Glenn Brooks | 17 June 2013

Friday's US$39.7m missed payment on debt issued to fund pensions has made Detroit the most populous US city to default since Cleveland 35 years ago.

There's a good summary of how Motor Town got itself into its current state, plus what Emergency Manager Kevyn Orr is proposing to the city's creditors here.


Colossal China powers on

I'm starting to get a small idea of the scale of things here in China, but really, I'm only scratching the surface of this vast country....

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