| Dec 4, 2013
| 8:00 AM
The bad news for the Detroit Institute of Arts today is that a bankruptcy judge has authorized the city that owns the museum to declare bankruptcy, giving its creditors a legal forum for insisting that the most valuable masterpieces from the DIA's admired...
| Dec 4, 2013
| 4:43 PM
A judge's ruling Tuesday that the city of Detroit's bankruptcy case may go forward — and that its pension obligations are not entitled to special protection but can be reduced, along with other debts — sends a chilly message to workers in...
| Dec 3, 2013
| 1:03 PM
After a federal judge ruled that Detroit was eligible for bankruptcy protection and cleared the way for municipal pensions to be cut, city officials were upbeat, called for unity and urged people to look ahead with optimism.
But for the unions, whose...
| Oct 6, 2013
| 5:05 AM
"The devil made me do it" was perhaps the most famous catchphrase of comedian Flip Wilson. And it was among the numerous excuses one potential borrower gave his lender to explain his lousy credit report.
The 10-page letter of explanation ranged from...
| Jul 22, 2013
| 7:40 AM
The Detroit Institute of Arts is back in the national spotlight after city leaders said Thursday that the city had filed for bankruptcy. At the heart of the museum-world debate is whether the city should sell valuable works of art in the DIA's...
| Jul 23, 2013
| 4:30 AM
In a bombed-out section of a futuristic downtown Los Angeles, a man sits on a tire next to an overturned car, staring at a computer-controlled screen fastened to his wrist, oblivious to the machine gun fire and bomb blasts around him.
The camera pans...
| Aug 23, 2013
| 3:51 PM
Dear Liz: Two years ago, my husband was denied a revolving $12,000 line of credit. The credit reporting agency indicated that denial was based on "little revolving usage, insufficient or no bank lines, and insufficient open accounts with zero balances."...
| Sep 4, 2013
| 4:27 PM
The Federal Housing Administration wants to make it easier for people who have defaulted on their mortgages to get a new home loan with FHA backing.
But there's a catch. To qualify for the break, borrowers must show that their foreclosure or...
| Jul 26, 2013
| 4:48 PM
Good news for city dwellers. According to a study published this week, we are 20% less likely to die from serious injury than our counterparts in rural America. Sure, homicide rates are higher in cities. But in rural areas, access to trauma and...
| Jul 26, 2013
| 7:25 PM
Dear Liz: None of the Web-based tools I've seen really get at the heart of the problem of how much I really need in retirement. For example, if I am diligent and save 20% of my income (I earn over $150,000), why would I need to replace 95% or even 80%...
| Jul 31, 2013
| 2:18 PM
A leaked early draft of state Controller John Chiang's audit of Stockton's finances found that more than half of the accounting controls investigated were ineffective and that Stockton leaders had missed warning signs, according to the Stockton Record....