Building and Restoring Civic Capacity: (2011-2016)
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Racist Detroit Bankruptcy Plan: $11.5 Billion for Banks, $0 for Retirees; Vote No Or Lose Appeal Rights!
VOICE OF DETROIT http://voiceofdetroit.net Editor, Reporter Diane Bukowski, P.O. Box 32684 Detroit, MI 48232 Direct Line: 313-825-6126 email: [email protected] RACIST DETROIT BANKRUPTCY PLAN: $11.5 BILLION FOR BANKS, $0 FOR RETIREES; VOTE NO OR LOSE APPEAL RIGHTS! Mayday march against Detroit bankrutpcy plan occupied streets, banks downtown May 1, 2014, calling for a NO vote on POA4. Under Chapter 9, Plan of Adjustment #4 cannot be “crammed down” if it “discriminates unfairly” against Black and poor retirees and residents Bank debt to be paid first out of city general fund before other needs State/DIA “grand bargain” package: $716 M over 20 years to cover $3.2B claims; not binding, not to be signed until Dec. 31, 2014 For “grand bargain,” retirees must vote Yes, revoke appeal rights re: Ch. 9 eligibility, state pension protection, EM law PA 436 constitutionality Pension fund “investment” oversight board for 20 years, bank-run health care VEBA trust: billions more for wealthy By Diane Bukowski May 20, 2014 Analysis DETROIT—As the Detroit Chapter 9 bankruptcy debacle unravels, the corporate media and voluntary “retiree associations” are focusing only on what retirees and city workers will do about Detroit’s alleged debt crisis. In one-sided stories regarding the Fourth Plan of Adjustment (POA4), and YES vote recommendations, they are ratcheting up the pressure on these tens of thousands of seniors, who are least able to afford cutbacks. Thousands of marchers descended on This includes threatening a “cramdown” Michigan Gov. Rick Snyder’s home if retirees vote NO, despite the fact that outside Ann Arbor on MLK Day, 2011 Chapter 9 provides in part, “Under ‘cram to demand an end to racist EM laws. -
CONGRESSIONAL RECORD—HOUSE March 29, 2001
March 29, 2001 CONGRESSIONAL RECORD—HOUSE 4995 Hoeffel, Peter Hoekstra, Tim Holden, Rush Thomas G. Tancredo, John S. Tanner, Ellen transmitting a copy of the annual report in D. Holt, Michael M. Honda, Darlene Hooley, O. Tauscher, W. J. (Billy) Tauzin, Charles H. compliance with the Government in the Sun- Stephen Horn, John N. Hostettler, Amo Taylor, Gene Taylor, Lee Terry, William M. shine Act during the calendar year 2000, pur- Houghton, Steny H. Hoyer, Kenny C. Thomas, Bennie G. Thompson, Mike Thomp- suant to 5 U.S.C. 552b(j); to the Committee Hulshof, Duncan Hunter, Asa Hutchinson, son, Mac Thornberry, John R. Thune, Karen on Government Reform. Henry J. Hyde, Jay Inslee, Johnny Isakson, L. Thurman, Todd Tiahrt, Patrick J. Tiberi, f Steve Israel, Darrell E. Issa, Ernest J. John F. Tierney, Patrick J. Toomey, James Istook, Jr., Jesse L. Jackson, Jr., Sheila A. Traficant, Jr., Jim Turner, Mark Udall, PUBLIC BILLS AND RESOLUTIONS Jackson-Lee, William J. Jefferson, William Robert A. Underwood, Fred Upton, Nydia M. Under clause 2 of rule XII, public ´ L. Jenkins, Christopher John, Eddie Bernice Velazquez, Peter J. Visclosky, David Vitter, bills and resolutions of the following Johnson, Nancy L. Johnson, Sam Johnson, Greg Walden, James T. Walsh, Zach Wamp, Timothy V. Johnson, Stephanie Tubbs Maxine Waters, Wes Watkins, Melvin L. titles were introduced and severally re- Jones, Walter B. Jones, Paul E. Kanjorski, Watt, J.C. Watts, Jr., Henry A. Waxman, An- ferred, as follows: Marcy Kaptur, Ric Keller, Sue W. Kelly, thony D. Weiner, Curt Weldon, Dave Weldon, By Mr. WATTS of Oklahoma (for him- Mark R. -
The Bankruptcy of Detroit: What Role Did Race Play?
The Bankruptcy of Detroit: What Role did Race Play? Reynolds Farley* University of Michigan at Michigan Perhaps no city in the United States has a longer and more vibrant history of racial conflict than Detroit. It is the only city where federal troops have been dispatched to the streets four times to put down racial bloodshed. By the 1990s, Detroit was the quintessential “Chocolate City-Vanilla Suburbs” metropolis. In 2013, Detroit be- came the largest city to enter bankruptcy. It is an oversimplification and inaccurate to argue that racial conflict and segregation caused the bankruptcy of Detroit. But racial issues were deeply intertwined with fundamental population shifts and em- ployment changes that together diminished the tax base of the city. Consideration is also given to the role continuing racial disparity will play in the future of Detroit after bankruptcy. INTRODUCTION The city of Detroit ran out of funds to pay its bills in early 2013. Emergency Man- ager Kevyn Orr, with the approval of Michigan Governor Snyder, sought and received bankruptcy protection from the federal court and Detroit became the largest city to enter bankruptcy. This paper explores the role that racial conflict played in the fiscal collapse of what was the nation’s fourth largest city. In June 1967 racial violence in Newark led to 26 deaths and, the next month, rioting in Detroit killed 43. President Johnson appointed Illinois Governor Kerner to chair a com- mission to explain the causes of urban racial violence. That Commission emphasized the grievances of blacks in big cities—segregated housing, discrimination in employment, poor schools, and frequent police violence including the questionable shooting of nu- merous African American men. -
THE UNITED STATES CONFERENCE of MAYORS 80Th Winter Meeting January 18-20, 2012 Capital Hilton Hotel Washington, DC
THE UNITED STATES CONFERENCE OF MAYORS 80th Winter Meeting January 18-20, 2012 Capital Hilton Hotel Washington, DC Title Sponsor: DRAFT AGENDA (As of January 6) TUESDAY, JANUARY 17 12:00 p.m. - 5:00 p.m. PRE-CONFERENCE SESSION (All Mayors, CEOs, Small Business Leaders, Workforce Development Professionals Welcome) Job Creation and the Employability Crisis: Preparing the Future Workforce as a Competitive City Strategy America stands on the brink of an employability crisis – with an over-supply of available workers and an under-supply of qualified talent. During this working session, Mayors, CEOs, Small Business Leaders and Workforce Development Professionals will share best practices and strategies on developing the workforce of tomorrow. Moderator: MIKE RAWLINGS Mayor of Dallas Co-Chair, Work and Opportunity Task Force The United States Conference of Mayors 12:00 p.m. - 1:00 p.m. LUNCH Remarks: THE HONORABLE HILDA L. SOLIS (Invited) Secretary United States Department of Labor 1:00 p.m. - 1:45 p.m. First Mayors/Business Leaders Panel – Business Development Best Practices in Public/Private Partnership: The Omni Dallas Convention Center Hotel and NorthGate Constructors MIKE RAWLINGS Mayor of Dallas 1 TUESDAY, JANUARY 17 LAURIE BOUILLION LARREA President Workforce Solutions Greater Dallas LAURIE MORAN (Invited) President Danville-Pittsylvania Chamber Danville, VA 1:45 p.m. - 2:30 p.m. Second Mayors/Business Leaders Panel -- Sector Strategies Model Career Coach Program MARILYN STRICKLAND Mayor of Tacoma MICHAEL B. HANCOCK Mayor of Denver 2:30 p.m. - 2:45 p.m. Break 2:45 p.m. - 3:30 p.m. Third Mayors/Business Leaders Panel – Hard-to-Serve Populations Aligning Workforce and Economic Development in the District of Columbia/One City, One Hire VINCENT C. -
The Detroit Bankruptcy, Pre-Eligibility
View metadata, citation and similar papers at core.ac.uk brought to you by CORE provided by University of North Carolina School of Law University of North Carolina School of Law Carolina Law Scholarship Repository Faculty Publications Faculty Scholarship 2014 The etrD oit Bankruptcy, Pre-Eligibility Melissa B. Jacoby University of North Carolina School of Law, [email protected] Follow this and additional works at: http://scholarship.law.unc.edu/faculty_publications Part of the Law Commons Publication: Fordham Urban Law Journal This Article is brought to you for free and open access by the Faculty Scholarship at Carolina Law Scholarship Repository. It has been accepted for inclusion in Faculty Publications by an authorized administrator of Carolina Law Scholarship Repository. For more information, please contact [email protected]. THE DETROIT BANKRUPTCY, PRE-ELIGIBILITY Melissa B. Jacoby* Introduction ............................................................................................. 849 I. The First Main Event: Eligibility .................................................... 851 II. Before the Main Event: Detroit’s Bankruptcy, Pre- Eligibility ............................................................................................ 853 A. Dispute Resolution ............................................................... 855 1. The Automatic Stay and an Additional Injunction ..... 855 2. Establishing a Retiree Committee ................................ 856 3. Access to Casino Revenues ........................................... -
Michael A. Sweet Partner
Michael A. Sweet Partner San Francisco, CA Tel: 415.364.5560 Fax: 415.391.4436 Los Angeles, CA Tel: 424.285.7100 [email protected] Chair of the firm's nationwide Financial Restructuring & Bankruptcy Department, Michael is an experienced litigator and bankruptcy attorney who achieves results for his clients by combining collaborative negotiating skills with a hard-hitting, take-no-prisoners approach to dispute resolution and litigation. In practice for more than 20 years, he has developed a reputation for efficiency and his ability to find creative solutions to seemingly intractable disputes. Michael is among California’s most experienced Chapter 9 municipal bankruptcy attorneys. He has been quoted on the subject by national news outlets, including The New York Times, CNBC, The Wall Street Journal and Bloomberg News, among others. Michael currently serves as President of the San Francisco Bay Area Bankruptcy Forum, is on the Executive Board of the California Bankruptcy Forum and is a Member of the San Francisco Human Rights Commission. In addition, Michael’s diverse practice includes advising companies on cross-border transactions and assisting American companies pursuing investments abroad. Litigation Michael is an accomplished litigator who represents plaintiffs and defendants in commercial and employment disputes, receivership cases, probate litigation, creditors’ rights issues and class actions. He has brought multiple jury trials to verdict. His clients include technology companies, trustees, receivers and other fiduciaries, financial institutions, small businesses, developers and companies in the hospitality industry. Bankruptcy and Financial Restructuring In the bankruptcy arena, Michael represents debtors, creditors, creditors’ committees and trustees in bankruptcy disputes throughout the state of California and nationally. -
Governance Reform and the Judicial Role in Municipal Bankruptcy Abstract
CLAYTON P. GILLETTE & DAVID A. SKEEL, JR. Governance Reform and the Judicial Role in Municipal Bankruptcy abstract. Recent proceedings involving large municipalities such as Detroit, Stockton, and Vallejo illustrate both the utility and limitations of using the Bankruptcy Code to adjust municipal debt. In this Article, we contend that, to resolve fully the distress of a substantial city, municipal bankruptcy needs to provide more than simple debt reduction. Debt adjustment alone does nothing to remedy the fragmented decision making and incentives for expanding municipal budgets that are ingrained in municipal governance structures and that often underlie municipal distress. Unless bankruptcy also addresses governance dysfunction, the city faces a return to financial distress. Indeed, this Article demonstrates that governance restructuring has long been an essential element of corporate bankruptcy and that, given the monopoly position of local governments as providers of local public goods, it is even more important in the municipal bankruptcy context. Some might argue that reducing a city’s debt is the best that bankruptcy courts can offer, due to concerns that a more comprehensive approach would, among other things, interfere with state sovereignty and exceed the statutory authority that the Bankruptcy Code grants to courts. In our view, these concerns do not withstand scrutiny. Based on a careful analysis of the origins of the current municipal bankruptcy provisions, as well as an assessment of recent Supreme Court jurisprudence, we argue that governance reform is permitted even under existing law, and point out that minor adjustments to municipal bankruptcy law would make this conclusion even clearer. To be sure, the states themselves, rather than a bankruptcy court, ideally should be the ones to effect municipal governance reform. -
PB Washington Update - January 29, 2013 - Interim Update
PB Washington Update - January 29, 2013 - Interim Update This is a follow-up to the earlier email transmitting the US DOT press release announcing that after months of speculation, US DOT Secretary Ray LaHood will be stepping down. LaHood has indicated he will serve until his replacement is nominated and confirmed, so he could remain in office for several months. There are currently a number of Cabinet vacancies – State (soon to be filled by Senator John Kerry), Defense (former Republican Senator Chuck Hagel has been nominated), Treasury, Interior, Commerce (currently has an Acting Secretary) and Labor, as well as EPA Administrator. It is unclear if the Administration will announce nominees for these positions individually over time or in one or more groups. A number of people rumored to be under consideration for the US DOT spot may also be potential candidates for other agency leaders. It may be a process of plugging in various names for various vacancies until an acceptable across-the-board team develops. Given the outcry over the lack of diversity in the President’s nominations for the national security posts, it is presumed that diversity will be a key criteria when naming additional nominees. As we know from past presidential nomination efforts, being a subject expert is not always a key criteria. Listed below are a variety of names that have been rumored to be potential replacements for Secretary LaHood. They are grouped by background, not by likelihood of being nominated – some seem very unlikely. However, the nominee could just as easily be someone not currently on the radar screen as was the case when Ray LaHood was nominated at the start of the Obama Administration. -
Cover: a New Spirit
hange was in the air on “It was fabulous,” said Joe January 20, 2009. Flanders, Directing Business Shortly after the stroke Representative of IAM District Lodge of noon – while under 4, who traveled from Brunswick, the watchful gaze of Maine to Washington, DC, with his Cmillions on the National Mall and family and several other IAM mem- billions more in front of television bers to witness the historic event. and computer screens here and “For me and all the people around across the globe – the United States us, it felt like anything is possible. It’s of America officially inaugurated its never been that way. Never have I 44th chief executive: President seen a president come into office Barack Obama. with the amount of excitement he’s Many in attendance – buried in generated.” several layers of clothing while “My fellow citizens,” said braving the bone-chilling cold and Obama in his first address as U.S. engulfed in a sea of people – said it President. “I stand here today hum- was like nothing they’ve ever expe- bled by the task before us, grateful rienced before. for the trust you have bestowed, AP/ World Wide Photo Wide AP/ World 10 IAM JOURNAL Winter 2009 ”The time has come to reaffirm our enduring spirit; to choose our better history; to carry forward that precious gift, that noble idea, passed on from generation to generation: the God-given promise that all are equal, all are free and all deserve a chance to pursue their full measure of happiness.” President Barack Obama AP/ World Wide Photo Wide AP/ World Winter 2009 IAM JOURNAL 11 mindful of the sacrifices African-American president. -
Remarks on Signing the Safe, Accountable, Flexible, Efficient Transportation Equity Act: a Legacy for Users in Montgomery, Illin
Administration of George W. Bush, 2005 / Aug. 10 1271 that as interest rates rise now, that could slow machinery here. I want to thank you for your the momentum in the U.S. economy? hard work. I want to thank you for your— The President. I think—first of all, as you for putting out a great product. know, that the Federal Reserve is completely And I’m here to sign the highway bill be- independent from the White House. They cause I believe by signing this bill, when it’s make decisions independent of politics, and fully implemented, there’s going to be more that’s important. Ben used to serve on the demand for the machines you make here. Federal Reserve Board, so he’s—he has had And because there’s more demand for the some insight into the workings of the Federal machines you make here, there’s going to be Reserve. But our job is to deal with fiscal more jobs created around places like this fa- policy, and the Federal Reserve deals with cility. So thanks for letting us come. monetary policy. I was telling some of the fellows I met And as I’ve said all along, I trust the judg- behind the stage that there’s a Cat working ment of Chairman Alan Greenspan. He is— on the ranch right now. [Laughter] And I’m he makes decisions based upon facts, not not driving it. [Laughter] based upon politics. And I think it’s impor- I’m honored to be here with Denny tant for the American people to understand Hastert. -
March 18, 2014 the Honorable Barack Obama President of The
March 18, 2014 The Honorable Barack Obama President of the United States The White House 1600 Pennsylvania Ave., N.W. Washington, D.C. 20500 Urging Swift Administration Action to Resolve Funding for Detroit-Windsor Bridge Customs Facility Dear President Obama: The undersigned organizations urge you to swiftly resolve questions surrounding funding for the U.S. Federal Plaza associated with the New International Trade Crossing (NITC) bridge between Detroit and Windsor, Ontario to allow the project to commence. The new six-lane bridge will enhance a vital link with America’s closest economic partner. The current trade corridor, the busiest between the United States and Canada, handles 8,000 truck crossings and 68,000 travelers daily. The existing four-lane, 85-year old Ambassador Bridge is simply inadequate to handle projected volume increases. By adding vital new capacity, the NITC will reduce border congestion, enhance efficiencies for businesses on both sides of the border, create jobs, benefit the environment, and strengthen the North American economy. While the new bridge is expected to sustain and create a large number of jobs in the United States once finished, there will be an immediate boost to the construction sector as this significant infrastructure project gets underway. In fact, the project is expected to support thousands of direct construction jobs and thousands of other indirect jobs in Michigan, a state that was hard hit by the recession and is still working to recover. The long lasting impact of the project will be felt beyond Michigan, as the entire Midwest relies on reliable transportation infrastructure at the Detroit-Windsor crossing to get goods to market. -
Washington Friday Report
ITEM IV C SIMON AND COMPANY INCORPORATED Washington Friday Report Volume XV, Issue 11 March 15, 2013 awarding of grants will depend ultimately on the FY13 I N S I D E T H I S W EEK Continuing Resolution, but COPS is likely to go forward with the solicitation in April under any circumstances. Remember 1 FY13 CR, COPS, FY14 House and Senate Budgets that COPS Hiring Grants are for a maximum of $125,000 over a 3-year period with a 25% local match and with the grant 2 VAWA, Gun Bills, Brownfields, WRDA, MAP-21 recipient obligated to pay for the fourth year at 100%. Like last year, the COPS office will be seeking applications which give 2 Transit Ridership Surge, Brookings on Rail preference to hiring veterans. This year, there is also a strong possibility that the COPS office will favor applications which give preference to School Resource Officer activities and other Talk about regular order! This week, Washington was in school safety initiatives in light of the Newtown massacre. overdrive – the House and Senate dealing with FY13 and FY14 More on this as the COPS FY13 solicitation proceeds. budgets, the President in search of the Bipartisan Grand Bargain, and lots more. Here’s the highlights for your review. FY14 House and Senate Budget Resolutions Senate FY13 Continuing Resolution The House and Senate are both at work marking up their respective FY14 budget resolutions, but vast differences Both the House and the Senate have released their respective remain between the two top-line spending measures. House FY13 Continuing Resolutions (CRs) to fund the federal Budget Chairman Paul Ryan released his committee’s plan, th government past March 27 to avoid a shutdown.