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>> NEW YORK CITY Latest News

JUL 21, 2013 - Zero Hedge

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25 Facts About The Fall Of Detroit That Will Leave You Shaking Your Head

Submitted by Michael Snyder of The Economic Collapse blog, It is so sad to watch one of America's greatest cities die a horrible death.  Once upon a time, the city of Detroit was a teeming metropolis of 1.8 million people and it had the highest per capita income in the United States.  Now it is a rotting, decaying hellhole of about 700,000 people that the rest of the world makes jokes about.  On Thursday, we learned that the decision had been made for the city of Detroit to formally file for Chapter 9 bankruptcy.  It was going to be the largest municipal bankruptcy in the ... Read More

Tags: 25 Facts About The Fall Of Detroit That Will Leave You Shaking Your Head,  New York City Latest News