Images From A Dark Detroit: "Major Cable Failure" Sparks Widespread Power Outage

This is what happens when the lights are turned off.

http://www.zerohedge.com/news/2014-12-02/images-dark-detroit-major-cable-failure-sparks-widespread-power-outage

Detroit Cuts Off Water To Thousands Unable To Pay Their Bills

http://www.mintpressnews.com/detroit-cuts-off-water-to-thousands-unable-to-pay-their-bills/191560/

Thousands of Dogs Roam Detroit's Streets

http://bloom.bg/173Xmx0

The Entire Western World is “Detroit”

http://blog.milesfranklin.com/the-entire-western-world-is-Detroit

Statism is turning America into Detroit – Ayn Rand's Starnesville come to life

http://blogs.telegraph.co.uk/news/danielhannan/100227375/obamanomics-is-turning-america-into-detroit-ayn-rands-starnesville-come-to-life/

Enter At Your Own Risk: Police Union Says ‘War-Like’ Detroit Is Unsafe For Visitors

http://detroit.cbslocal.com/2012/10/06/enter-at-your-own-risk-police-union-says-war-like-detroit-is-unsafe-for-visitors/

Half Of Detroit’s Streetlights May Go Out As City Shrinks

American is so broke, it is having trouble keeping the lights on--literally.  This will only suppress the crime rate in Detroit, right?

http://www.bloomberg.com/news/2012-05-24/half-of-detroit-s-streetlights-may-go-out-as-city-shrinks.html

An entry from last year

I posted this almost a year ago, on a sports message board, of all places:

Posted: Thu Jul 26, 2007 1:43 pm Post subject:
There's a lot of misinformation going on here. Some of you guys assume that the high-technology boom and bust cycle is unique. Perhaps it's more volatile than most, but it is far from unique. I happen to believe a similar bubble is forming in real estate that is just starting to implode, esp. in ridiculous markets like south Florida, many parts of California, and especially Vegas. You saw mortgage lenders, esp. ones that serve the sub-prime market get hammered. Wall St. was not unscathed--Bear Stearns and other investment and commercial banks took a beating as well. Seeing how most individuals have most of their net worth tied to their homes, it is a troubling sign of worse things to come. Add in a lame-duck president next year, and a Democrat-elect potentially, and look for the stock market to "correct" itself between now and early 2009. The weak dollar may prop up the manufacturing and tourism industries short-term, but long-term, it structurally makes all Americans poorer--it is not a good thing. Too high, and it makes American exporters uncompetitive. Too low as it is now, and we sell ourselves out to foreigners (I consider our dependence on foreign investors to buy our bonds to support our deficits to be "selling out"--because once they decide to stop buying said bonds, interest rates will soar, and we will be in a real world of hurt). A weak dollar makes the US too vulnerable to global capital flows. How do and would I deal with it? Tax-free equity index-based contracts guaranteeing a minimum of 3%, with a cap in the mid-teens to participate in any volatility and upside. PRESERVING CAPITAL in a tax-advantaged vehicle is HUGE--ask anyone with a math or financial background. I don't care if the NASDAQ goes up 50% next year--I'll take my 17%, avoid any down years, and say thank you very much. And while I am not a real estate broker, I would consider buying some in Detroit. Call me crazy, but I recall when the best business in the early 90's was renting U-Haul's one-way out of California. People were leaving in droves due to earthquakes, navy base closures, race riots, a slumping economy, and the downturn in defense spending. The only growth industry was grunge rock. A house on half an acre (with some earthquake damage) in Beverly Hills was listed at $550,000. Today, it's probably worth ten times that. 12-unit apartment buildings barely 5 years old (built during the 80's boom) were going for $300,000 in Long Beach, as foreclosures hit hard. Today, that same building probably would sell for $4 million. Detroit, tho royally screwed, will come back, altho not back to its former glory, but it will come back. I don't know if oil and gas prices will come down, I don't know if Detroit somehow can reverse the market share downward trend, I don't know if they can somehow make more hybrids, but it will come back, and those $20,000 houses will be worth $150,000 again (at least in some neighborhoods). Hell, you can buy a whole skyscraper in Detroit for $3 million. That wouldn't even buy you half a home in some California neighborhoods. _________________ A cynic is someone who knows the price of everything, and the value of nothing.