A Quote by Ron Dellums
Detroit's financial challenges - the decline of the American auto industry, the impact of the global economic recession, declining population, and an erosion of the municipal tax base - are key to understanding what led this great city to an inability to provide basic city services or to carry out the normal functions of a municipality.
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Assuming that a tax increase is necessary, it is clearly preferable to impose the additional cost on land by increasing the land tax, rather than to increase the wage tax - the two alternatives open to the City (of Pittsburgh). It is the use and occupancy of property that creates the need for the municipal services that appear as the largest item in the budget - fire and police protection, waste removal, and public works. The average increase in tax bills of city residents will be about twice as great with wage tax increase than with a land tax increase.
It is a tough city to live in (Detroit) but a great city to be around. There is so much promise. There just needs to be a movement to help push the city beyond the automobile industry. The music business needs to learn how to support itself.
There was no blueprint or how-to manual for fixing a global financial meltdown, an auto crisis, two wars and a great recession, all at the same time.
New Orleans is a city whose basic industry is the service industry. That's why it makes its money. That's - it brings people to the city. People come to the city and experience the wonders of this extraordinary city and everything else. The question is that, how do we create jobs which are the jobs that have pay, that - living wages?
One of the key principles of Trumponomics is that faster economic growth can help solve a multitude of other social and economic problems, from poverty to inner-city decline to lowering the national debt.
Detroit is an urban hell. But even in this city of the dying auto industry, there is reason to hope, if they manage to combine the creative forces of designers and other intellectual "suppliers" in other ways.
By any measure, CapitalSource outperformed both our direct competitors and the financial services industry in general, particularly in the context of the near collapse of the financial services industry where 19 of the 20 largest financial institutions in the country either failed or were bailed out by the government.
Suppose Vietnam could separate itself from the American dominated global system and carry out a successful social and economic development. Then that is very dangerous because then it could be a model to other movements and groups in neighboring countries. And gradually there could be an erosion from within by indigenous forces of American domination of the region.
Well, here you had a city that was selling more cars than ever before, that had this wondrous music being created, that was so vital to the labor and civil rights of this country, and yet it was dying and didn't see it, except for some sociologist at Wayne State University who predicted that Detroit was losing population by a half-million by the end of that '60s decade, and that that trend would continue taking away its tax base.
The Obama administration seems to be following what might be called 'the Detroit pattern increasing taxes, harassing businesses, and pandering to unions. In the short run, it got mayors re-elected. In the long-run, it reduced Detroit from a thriving city to an economic disaster area, whose population was cut in half, as its most productive citizens fled.
In the 1970s in New York, everyone slept till noon. It was a grungy, dangerous, bankrupt city without normal services most of the time. The garbage piled up and stank during long strikes by the sanitation workers. A major blackout led to days and days of looting. The city seemed either frightening or risible to the rest of the nation.
Labor force participation peaked in early 2000, so its decline began well before the Great Recession. A portion of that decline clearly relates to the aging of the baby boom generation. But the pace of decline accelerated with the recession.
The Global Financial Crisis and Great Recession posed daunting new challenges for central banks around the world and spurred innovations in the design, implementation, and communication of monetary policy.
The British have been particularly shy about the issues of financial regulation, and attentive only to the interests of the City - hence their reluctance to see the introduction of a tax on financial transactions and tax harmonisation in Europe.
I represent Staten Island and Brooklyn, and not just that the financial services industry is important to the U.S., but is disproportionately important to New York City.
Detroit 1-8-7' - the numbers are police slang for murder - is filmed in that blue-collar Michigan city, providing a flavor of authenticity. Detroit offers a unique visual landscape that tells the story of the city and what it's been through.
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