On Thursday afternoon, the city of Detroit officially filed for bankruptcy. This is the largest public sector bankruptcy in the nation and could mean major slashes to retireees pensions and leave bond holders with only pennies on the dollar.
According to Michigan Govenor Rick Snyder, “We have a great city, but a city going down hill for the last 60 years,” he said at an evening press conference. He said 38% of the city’s budget is being spent on “legacy costs,” such as pensions and debt service. He said police take almost an hour to respond to calls, compared to a national average of 11 minutes, and that 40% of street lights in the city are turned off. — CNN Money
This is a huge concern for city workers who are usually heavily invested through their city. Will the once great city of Detroit EVER get back to a time stability and financial gain?
Chuckie is a household name in the EDM world, and is now making the transition into the Hip-Hop world. He enlists Lupe, Snow & Short for his new single, “Makin’ Papers”
L.A. Leakers with another exclusive!
The Gangs all here on this joint! check out T.i. B.o.B and the rest of the crew on this joint!
It’s never a surprise that when JT comes back into the picture he shuts it all down. For the 2013 VMA’s Justin Timberlake and Macklemore & Ryan Lewis tie for 6 Moon men, Bruno Mars has 4 and Robin Thicke has 3 nominations.
Fans can now vote in general categories, among them video of the year and artist to watch, at the VMAs site or by texting VOTE to 22444. Nominees for an additional new, socially voted category, best song of the summer, will be announced Aug. 12.
The 2013 VMA’s will take place live on August 25th at the Barclays Center in Brooklyn, show starts at 9 p.m.
YOU CAN’T GET NOTHING PAST A REAL N*GGA, FOH LAMES! MONEY MAKE THE RULES!