Friday, March 20, 2015
Tuesday, March 25, 2014
By Brian Wise
Last week’s news that San Diego Opera, the 10th largest opera company in the United States, plans to close its doors has generated a range of responses.
Friday, March 14, 2014
Governments around the world are struggling with how to promote entrepreneurship, considered critical to global competitiveness. And in the United States, there's nothing more politically contentious than the role of government in the economy.
Wednesday, January 22, 2014
Montreal's bike share company, which also supplies equipment and technology to the largest bike share systems in the U.S., has filed for bankruptcy—but transportation officials in the U.S. say that won't have any immediate impact on operations.
Tuesday, December 17, 2013
The collection at the Detroit Institute of Arts sits among the top six in America, housing everything from Diego Rivera’s “Detroit Industry” fresco cycle to Vincent van Gogh’s “Self-Portrait.” But in the face of a debt of at least $18 billion, everything is on the table to help pay the city's bills. Dr. A. Paul Schaap, a Detroit philanthropist, joins The Takeaway to discuss what the art is worth to the city and the donor-driven plan to save this piece of the city's culture.
Monday, December 16, 2013
Though Detroit seems to be in dire straights with its recent bankruptcy filing, there might actually be another piece of America that’s even worse off: Puerto Rico. The U.S. territory is facing massive debt, a potentially crippling bond ratings cut, a gaping hole in its massive pension fund, and a towering unemployment rate bolstered by federal entitlements. Ingrid Vila, chief of staff to Puerto Governor Alejandro Garcia Padilla, joins us to discuss Puerto Rico's options.
Thursday, November 21, 2013
By Brian Wise
The vestiges of 70 years of operatic history will go on the block on December 12 as New York City Opera plans to auction off its remaining sets, props, costumes, instruments and office equipment.
Thursday, October 10, 2013
New Yorker staff writer James Stewart on the collapse of the law firm Dewey & LeBoeuf, which was crippled by financial problems and partner defections, and filed for bankruptcy in May 2012, making it the largest law firm collapse in United States history. He’s written about it in the latest issue of The New Yorker.
Friday, September 27, 2013
The people's opera might go belly up. The New York City Opera has until Monday to reach its fundraising goal of $7 million, or it will begin bankruptcy proceedings.
Friday, August 02, 2013
Congress has stuck by its promise not to bail out Detroit in the wake of its bankruptcy filing. It’s a position that has Dan Kildee, a Democratic Congressman from Flint, Michigan, infuriated. The federal government has spent more than $700 billion bailing out banks and the auto industry. So, he asks, why can’t it bail out Detroit?
Friday, August 02, 2013
Since Detroit filed for bankruptcy last month, it's been the subject of intense national coverage. Detroit's also been held up as a metaphor for everything that ails the country financially. Bob talks to historian Kevin Boyle, who has written extensively about the city, about how Detroit is and isn't a good synecdoche for the rest of industrial America.
Nils Frahm - For
Monday, July 22, 2013
Detroit's bankruptcy filing last week is a story that has shaken up officials across the country, especially in New Jersey. The cash-strapped city of Camden, for example, continues to face budgetary shortfalls, and recently cut its entire police force in a belt-tightening move.
Friday, July 19, 2013
Yesterday afternoon, it was announced that the city of Detroit would be filing for bankruptcy today. This bankruptcy petition would seek to protect the Motor City from creditors who are owed over $18 billion dollars. While the city government may be going bankrupt, Detroit residents are picking up the slack. The Takeaway talks with Craig Fahle, Host of WDET's the Craig Fahle Show and Amy Peterson, a Detroit resident who won a local competition that supports creative local projects aimed at social change.
Thursday, May 09, 2013
By Brigid Bergin : Reporter
William Easterling and his wife used to own 165 Forbell Street, a two-family home in Brooklyn on the border of Cypress Hills and Ozone Park. The couple raised their four kids there. But they haven’t lived there in almost 20 years.
Tuesday, February 19, 2013
In December 1978, Cleveland, Ohio became the first in the United States to default on its debts since the Great Depression. In the next few days, Detroit will decide whether to appoint an emergency manager for the bankrupt city. Thomas Sugrue, professor of History and Sociology at the University of Pennsylvania, explains what lessons Detroit should learn from the history of Cleveland's default and recovery.