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These have been dark days for Detroit. The finances of a city once the center of the automotive universe are in the hands of an unelected manager appointed by Michigan’s governor. The manager will determine what he can salvage from a legacy of decline that has left Motown on the cusp of bankruptcy.
Of course we fronted large amounts of money for labor and materials that we were now looking to finance because payment was not being made. Investment in municipalities (such as municipal bonds) are some of the safest investments out there because these organizations will rarely default (I guess Detroit is an outlier).
These have been dark days for Detroit. The finances of a city once the center of the automotive universe are in the hands of an unelected manager appointed by Michigan’s governor. city in history to file for bankruptcy. billion in its Jefferson North plant on Detroit’s dilapidated East Side.
Shortly after, I read another piece on bankruptcies in home building, and soon I was thinking of the more than 250 builders I’ve worked with over more than three decades and wondering: Does this “ Anna Karenina Principle ” about families also apply to home building? Finance and Zebras . But a bit more study was required. .
” Readers were given the impression that huge bundles of cash were being “spent” to finance incentives for large corporations promising job-rich projects. And how did the financially strapped Times Co, manage to finance its dazzling new tower?
The new facility, which will increase Apple’s workforce in Austin to more than 6,700, will serve as the primary operations nexus for the company in the Americas outside of Apple’s global headquarters in Cupertino, CA, centralizing accounting, human resources, sales, marketing and finance. Airbus is the largest customer of the U.S.
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