It's official: after years of continued decline, the D has officially filed for bankruptcy
. This marks the largest U.S. city to go through this process. Considering ICHQ is in Detroit, this is rather unfortunate news.
While it probably won't affect Icrontic much as a whole, it definitely will have a negative impact on many Detroiters. Public workers are looking at having pensions slashed with retirees losing benefits, bondholders losing the majority of their investment, and even the art museums may have to sell off their exhibits.
This news is causing quite a stir in both national and
international media. What are your
thoughts? How much will this actually
impact our community? Does this affect anyone at a personal level? Is this a sign of worse times ahead for the D, or perhaps a painful necessity on the road to recovery? Paging @primesuspect @Lincoln @djmeph @RyanMM