Doom for Detroit?

By Geoffrey Norman
Published December 3, 2013 5:26pm ET
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Doom for Detroit?
The bankruptcy of Detroit, which has been a widely appreciated fact for some time now, has now become sanctioned by law. As Reuters reports: Detroit is eligible for bankruptcy protection, a U.S. judge ruled on Tuesday after determining the city is broke and had too many creditors to make negotiations over more than $18 billion in city debts and other obligations […]

The bankruptcy of Detroit, which has been a widely appreciated fact for some time now, has now become sanctioned by law. As Reuters reports:

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