Posted inBusiness Watch

Debt-ridden Detroit has close company

A decade of recession hit one region – southeast Michigan – harder than anywhere else. So perhaps it’s no surprise unfunded pension and retiree health-care debt is concentrated there as well, in a long list of cities that extends well beyond Detroit or Flint. Southeast Michigan is responsible for a staggering 86 percent of the […]

Posted inBrunch with Bridge

Detroit's entrepreneurs aren't all young and white

OPEN FOR BUSINESS: Chandra Moore is one African-American entrepreneur taking advantage of Detroit’s welcoming climate for new business. (Courtesy photo) Gerald Watson plans on hosting a competition he’s calling Detroit’s Next Executive Chef at Mo’ Betta Blues, his new restaurant and club. The competition, modeled after similar shows on cable television, is part of the […]

Posted inBrunch with Bridge

Be happy for holidays – no matter which is yours

MERRY CHRISMUKKAH! This vintage menorah shaped like a Christmas tree is just right for an interfaith home. (Courtesy photo) According to my parents, I’m the daughter of a Reform Jewish mom from Brooklyn and a nondenominational Christian dad from Battle Creek. We had menorahs and a Christmas tree in our home. According to Beliefnet’s interesting […]

Posted inBusiness Watch

Retirees sweat as courts weigh cuts to pension and health care

It’s a battle cry that began in Detroit and is spreading to other Michigan cities: “Don’t touch my pension.” To that, many of the state’s retired municipal employees are adding another caveat: “And leave my medical insurance alone, too.” With Detroit in bankruptcy court, employees and retirees of other Michigan local governments are watching warily, […]

Posted inBusiness Watch

As Kalamazoo stalled, its neighbor curbed retiree health-care costs

City Manager Maurice Evans: “In hindsight, I would say city officials were looking at long-term expenses.” (photo by Ted Roelofs) KALAMAZOO/PORTAGE – A quick drive through Kalamazoo and its bordering neighbor to the south, Portage, reveals some obvious differences. Others are less so. Kalamazoo, older and more ethnically diverse, has its share of historic downtown […]

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