Detroit Tops 2013 List Of America's Most Miserable CitiesViolent crime in the Detroit metro was down 5% in 2011, but it remains the highest in the country with 1,052 violent crimes per 100,000 people, according to the FBI. Home prices were off 35% the past 3 years, which is the biggest drop in the U.S. Forbes put Detroit Mayor Dave Bing on its cover in 2011 for a story with the optimistic headline: “City of Hope.” The premise was that the city had hit rock bottom and was poised for a turnaround.Two years later, Detroit’s problems continue to multiply, sadly. It is still dealing with high levels of violent crime and unemployment. Home prices, already at historic lows, plummeted a further 35% during the past three years to a median of $40,000 as net migration out of the city continued.The latest blow was Tuesday’s announcement that the city is on the verge of being taken over by the state. Detroit is in a financial emergency and cannot pay its bills. The city has been issuing debt to fund day-to-day operations. The continuing problems propelled Detroit to the top spot in our 2013 ranking of America’s Most Miserable Cities.http://www.forbes.com/sites/kurtbadenhausen/2013/02/21/detro...---But didn't they measure the 'fairness index'? I'm sure if you rank it on the 'opportunity scale' taking into account the fact that half the residents probably were raised in single parent households by moms forced to accept welfare.......it shouldn't be that bad, right? After all, they 'tried' and everyone should get a trophy for 'trying'. t.
Check this out:http://www.detroitnews.com/article/20130222/OPINION03/302220...No stranger to ugly numbers, accountant-turned-Gov. Rick Snyder says he was stunned to learn from this week's Detroit Financial Review that the city is obligated to pay $1.57 billion to retirees over the next five years. That means a third of the city's annual revenue, or roughly $300 million, will go to long-term liabilities for former employees — not police and fire, not city services, nothing else.1/3 of all revenue earmarked for people no longer on the city's payroll.
But didn't they measure the 'fairness index'?The city of Detroit is the utopia for which every hard core democrat strives.Everything is unionized.Union employees are pampered in retirement with outrageous benefits.Company's are taxed at exorbitant rates.The rich are highly taxed.The results are exactly what the liberals want:Everyone is equal - in misery.Almost everyone is dependent.I expect (that they will claim) the only reason things aren't better is that the city government could not prevent the rich from fleeing the urban blight (that the liberals introduced).If only liberal governments had a way to control everyone everywhere, then they could REALLY punish the rich! erm, make them pay their "fair share."
The results are exactly what the liberals want: Everyone is equal - in misery.Just ask Thomas Peterffy.http://www.youtube.com/watch?v=UnX7TNFIELg
There was recently a "Worst Places to Retire" list in one of the journals that tends to generate "top ten places" - "worst tenplaces". Anyway - the article proceeded to list just about every southern state.The article was a bunch of nonsense.But most "best of" or "worst of" lists tend to be nonsense.Detroit is not my cup of tea - but some folks would like thesports teams and the low cost to buy a home.Howie52 Why there are probably some people who would even like the Red Wings.Somewhere.Why I'd like the Red Wings if they were in Ubekistan during the playoffs.
Why there are probably some people who would even like the Red WingsOnly the ones with class and good looks.
Why there are probably some people who would even like the Red WingsOnly the ones with class and good looks. -------------------------------------I'm actually a Red Wing fan tonite, the Preds have more points and they're beating them 3-0.
The article was a bunch of nonsense.But most "best of" or "worst of" lists tend to be nonsense.In last year's Forbes "Most Miserable Cities" list, Cleveland, Ohio ranked hear the top. Then someone on the City-Data boards noted that the description for Cleveland, which went into detail about its industries, etc., was lifted directly from a Wikipedia page -- for Cleveland, Tennessee.The folks at Forbes need to do more thorough fact checking, IMO.
"The folks at Forbes need to do more thorough fact checking, IMO. "^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^Readers need to recognize that Forbes is selling more than a magazine.Howie52As is TMFThere is nothing of necessity wrong in selling folks - but there should be a degree of integrity - consistency - and areal value to what is sold.Lists - and retirement planning articles that merely say thatno one saves enough and everyone who retires must develop ataste for cat food do not add value IMHO.
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analy