1. How did Detroit’s financial situation get so dire, and does it hold lessons for other cities?
1. 底特律的财政状况怎么会变得这么差,对其他城市有什么经验教训?
Most experts point to a number of reasons for Detroit’s woes: corruption, financial mismanagement, an automotive industry that shed jobs rapidly from the early 1980s to now. All this was exacerbated by population loss. Detroit has steadily lost population since the 1950s, going from a peak of 1.9 million residents to fewer than 700,000 today.
很多专家指出了底特律困境的许多原因:腐败、经济管理不善,而且从20世纪80年代初到现在,汽车行业一直在迅速裁员。人口损失又把情况加重了。底特律从20世纪50年代起人口数量稳步下滑,居民数从190万的最高点到现在不到700000人。
2. What is the state of the city’s bankruptcy?
2. 底特律的破产情况到了什么程度?
Even though emergency manager Kevyn Orr announced in July he planned to have Detroit declare Chapter 9 bankruptcy, the city still needs federal court approval to do so. The process has not been a smooth one, as many vested interests involved in the potential restructuring - namely the city’s public sector unions and creditors - have pushed back significantly. Bondholders and other creditors are fighting the prospect of receiving pennies on the dollar, and unions say a bankruptcy would violate the state constitution, which protects retiree benefits.
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