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Thread: Hiroshima VS. Detroit

  1. #81
    Senior Member sick lids's Avatar
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    Quote Originally Posted by smillerdvm View Post
    Boz Skaggs, Emminem, & Les Paul also
    Lol I thought Les Paul was born and raised in Waukesha Wi. Or dose all of Waukesha have it wrong?

  2. #82
    Senior Member Gerry Clinchy's Avatar
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    A judge said today that the Detroit bankruptcy is not allowed under the State constitution, which says that the city can take no action that would lessen public employee pensions. So, unless the unions actually agree to reduce their own pension shortfalls the city cannot declare bankruptcy. Then what?

    Mark Steyn today was talking about a small city, Namtraklik (or something like that) sits near the Canadian border, and is mostly surrounded by the city of Detroit; also has a small common border with Highland Park. The town council wants to build a 14-ft wall around it's town so that people can only go in and out with a photo ID! Reminds me of West Berlin sitting surrounded by East Germany during the Cold War.
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  3. #83
    Senior Member zeus3925's Avatar
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    Quote Originally Posted by Gerry Clinchy View Post
    A judge said today that the Detroit bankruptcy is not allowed under the State constitution, which says that the city can take no action that would lessen public employee pensions. So, unless the unions actually agree to reduce their own pension shortfalls the city cannot declare bankruptcy. Then what?

    Mark Steyn today was talking about a small city, Namtraklik (or something like that) sits near the Canadian border, and is mostly surrounded by the city of Detroit; also has a small common border with Highland Park. The town council wants to build a 14-ft wall around it's town so that people can only go in and out with a photo ID! Reminds me of West Berlin sitting surrounded by East Germany during the Cold War.
    The city is Hamtramck and the proposed wall is 12 Ft.
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  4. #84
    Senior Member zeus3925's Avatar
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    Quote Originally Posted by Franco View Post
    Well, lets don't forget Grand Funk Railroad! I work with a guy that spent his first 30 years in Detroit. Yet, he and his wife both drive Nissans. According to him, the best thing the city could do is ban all private and public sector unions. The public sector union is by far the biggest reason for Detroit's debt and the private sector unions is why business won't relocate there. Also, the more they have raised taxes the worse it became, having the opposite affect of what the politicians thought it would do.
    The Grand Funk Railroad comes from Swartz Creek, Michigan. The town is about 10 miles west of Flint. The band got its name from the Grand Trunk Railroad which passed through the town.
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  5. #85
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    Quote Originally Posted by zeus3925 View Post
    The city is Hamtramck and the proposed wall is 12 Ft.
    Sounds like town with a smart city governent.

  6. #86
    Senior Member Gerry Clinchy's Avatar
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    Labor costs have certainly been part of the problem for US auto manufacturers. GM is also having the same problem in Australia, where they also got a govt bailout.
    http://freebeacon.com/australians-ba...eneral-motors/
    One of GM’s foreign subsidiaries received a $275 million bailout from Australian taxpayers to keep its operations afloat and is reportedly seeking an additional $265 million from local and federal authorities.
    Holden, GM’s Australian subsidiary, faces the same problems that led to General Motors’ 2009 bankruptcy. GM spends $3,750 (Australian) more to build a car in Australia than the average cost amongst all international GM plants. Lucrative labor agreements are responsible for 65 percent of that amount.
    GM has seen its market share decrease by two percent last year, according to its last quarterly report. Low-cost imports from China and Korea have undercut its sales, despite sizable tariffs imposed on imported automobiles.
    “Chinese pick-up trucks cost half of what a GM pick-up costs,” said Dave Sullivan, an analyst with the Auto Pacific research firm. “The labor rates are extremely high [in Australia] and they tried to protect the market with duties and tariffs, but imports are eating GM’s lunch.”
    GM is now slashing prices and negotiating with the union to stem the tide on its price increases.
    “We can’t survive as a local manufacturer if we’re not competitive and we don’t reduce our costs,” Holden chairman Mike Devereux said in a Junestatement. “All options for improving productivity are on the table. We will work closely with the unions and our people to develop a fair and reasonable proposal in line with other local manufacturers across all industries.”
    G.Clinchy@gmail.com
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  7. #87
    Senior Member Gerry Clinchy's Avatar
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    It looks like this fellow Kevyn Orr tells it like it is, without sugar-coating.

    “This is the only way,” emergency manager Kevyn Orr told “Fox News Sunday.” “We were compelled to file for bankruptcy.”


    Orr steadfastly stuck to what he said was his appointed mission of getting Detroit out from under $19 billion in debt, declining to speculate on whether or if the federal government should bail out the city, once the worldwide hub of auto manufacturing.


    He said his goal was to restructure the debt, including roughly $3.5 million in underfunded pension liabilities, and to get Detroit on its feet again by fall 2014.


    Read more: http://www.foxnews.com/politics/2013...#ixzz2ZhnbyPL2

    He also said that his plan would extend full payments only to pensioners for the next six months and acknowledge the hardship it will cause.
    “My mother is a pensioner,” Orr said.


    Still, he said Detroit “dug this whole,” in part by not addressing its problems earlier.
    G.Clinchy@gmail.com
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  8. #88
    Senior Member road kill's Avatar
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    Is "The Obama" going to bail Detroit out??


    I mean his sending BILLIONS to Syria, Egyptet al, why not Detroit?


    I mean his bail outs saved GM & Chrysler, right?


    And again I ask, where would you rather live right now, Hiroshima or South of 8 Mile rd?????

  9. #89
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    Quote Originally Posted by road kill View Post
    Is "The Obama" going to bail Detroit out??


    I mean his sending BILLIONS to Syria, Egyptet al, why not Detroit?


    I mean his bail outs saved GM & Chrysler, right?


    And again I ask, where would you rather live right now, Hiroshima or South of 8 Mile rd?????
    I read recently that $97/share is the magic number for taxpayers to break even on the GM shares - not what we are being told .

    Gerry, nothing happens to raise awareness in the Millions, after all this is OUR government, they only do big things with a B - someone made the quotes from your source incorrectly.
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