Detroit Flashback

Detroit’s “Coloreds-only” Flashback

Financial markets are unsentimental places. That’s why it is a little strange that Detroit Mayor Mike Duggan is pumped up about the Entrepreneurs of Color program, a creation of the nonprofit Detroit Development Fund, JPMorgan Chase and the W.K. Kellogg Foundation. The “coloreds-only” loan initiative sends the message that the city tacitly, if not officially, supports race […]

Read More
Detroit insurance rates

What really drives Detroit insurance rates?

Suburban and rural lawmakers are already distancing themselves from Mayor Mike Duggan’s “D-Insurance” legislation, designed to reduce auto insurance costs in Detroit — with good reason. The bill’s passage would give Detroit drivers a major rate break. But if millions of other Michigan motorists have their benefits reduced, or pay higher premiums, it boils down […]

Read More
Detroit real estate

Detroit: Get out of the real estate business

Before bad policy decisions permeated Detroit City Hall and disrupted long-established patterns of economic vitality and community organization, the city was largely defined, and given much of its character, by its great neighborhoods. Population loss destroyed political influence, affected taxes and spending and business investment. Neighborhood decline spread as blight caused residents, then businesses to […]

Read More

Tough talk won’t stop Detroit violence

Detroit Police Chief James Craig swaggered into town boldly declaring that the carjackings, street crimes and home invasions were a thing of the past. Young brutal barbarians were put on notice that their reign was over. The message was clear and unapologetic: thugs will be aprehended, prosecuted and incarcerated. The self-portrait he painted of a […]

Read More