August 30, 2009
Detroit on brink of financial ruin
One bright spot in the city's budget in recent years has been casino tax revenue, which grew steadily from 2003 through 2007. In addition to the wagering tax, the city also collects other fees from the casinos.
That revenue peaked in 2007 at more than $179 million, according to city financial reports.
1929 - Parody of 1999 by Prince
Harris said the city lived high-on-the-hog for the past 10 years thanks to casino revenue even as health care benefits were rising and income tax revenue was disappearing. Now casino revenues can no longer offset those costs.
September 4, 2009
Cash for Clunkers Failed to Create Auto Jobs
The employment report shows that – despite the Cash for Clunkers craze, and the $2 billion Congress added to the program at the end of July – motor vehicles and parts manufactures shed 15,000 jobs in August.
August 27, 2009
Toyota Tops List of Cash-for-Clunkers Sales
The cash-for-clunkers program turned out to be a boon for Asian automakers and the small cars they specialize in.
September 3, 2009
No sequel to ‘cash for clunkers’ but…
While the $3 billion “Cash for Clunkers” blockbuster is over, Congress is not finished with Detroit.
Sorry Detroit. Congress isn't finished with you yet. You may need to somehow expand your casino operations to more closely match those of Wall Street.
No comments:
Post a Comment