Mar 282013
Emergency Manager's powers include privatization, sale of assets.
from Solidarity
Dianne Feeley, writing for Solidarity, reports on the sweeping powers offered to Kevyn Orr, appointed Emergency Manager of Detroit by Michigan Governor Rich Snyder. Detroit has long-term liabilities of about $15 billion. Orr is mandated to be sole negotiator with unions, to reject or change existing contracts, eliminate city departments, contract out services, and, with state approval, sell off assets. High unemployment, declining services, mortgages and taxes out of line with house market values are just some of the problems facing Detroit residents. Orr's authority, Feeley writes, is unlikely to ease conditions for householders already facing the dire side of the poverty line.
© Copyright 2013 SGNews Contributor, All rights Reserved. Written For: StraightGoods.ca
Sorry, the comment form is closed at this time.