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Written by Mike "Mish" Shedlock Global Economic Trend Analysis
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Tuesday, 14 December 2010 01:00 |
Detroit has been bankrupt for years. It simply refuses to admit it. Detroit's schools are bankrupt as well. A mere 25% of students graduate from high school.
Yet, in spite of hints and threats from mayors and budget commissions, and in spite of common sense talk of bankruptcy, Detroit has not pulled the bankruptcy trigger.
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