{"id":1625,"date":"2013-12-11T18:02:44","date_gmt":"2013-12-11T18:02:44","guid":{"rendered":"http:\/\/fenello.com\/blog\/?p=1625"},"modified":"2013-12-11T18:02:44","modified_gmt":"2013-12-11T18:02:44","slug":"detroit-bankruptcy-wall-street-lost-revenues-forced-decline-but-city-pensioners-to-pay-the-costs","status":"publish","type":"post","link":"http:\/\/fenello.com\/oldnews\/tranzitioning\/?p=1625","title":{"rendered":"Detroit Bankruptcy: Wall Street, Lost Revenues Forced Decline, But City Pensioners to Pay the Costs"},"content":{"rendered":"
\n
Detroit Bankruptcy: Wall Street, Lost Revenues Forced Decline, But City Pensioners to Pay the Costs<\/a>A federal judge has approved Detroit’s bid to qualify for bankruptcy, putting the city on a path to financial recovery – but threatening the livelihoods of thousands of city workers. In a landmark decision that could harm retiree benefits nationwide, Federal Judge Steven Rhodes ruled that federal bankruptcy law can override state laws that protect public pensions.<\/p>\n
<\/div>\n

\"Embedly<\/a><\/span><\/p>\n

via <\/span>Democracynow<\/a><\/span><\/div>\n
<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Detroit Bankruptcy: Wall Street, Lost Revenues Forced Decline, But City Pensioners to Pay the CostsA federal judge has approved Detroit’s bid to qualify for bankruptcy, putting the city on a path to financial recovery – but threatening the livelihoods of … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-1625","post","type-post","status-publish","format-standard","hentry","category-tranzitioning"],"_links":{"self":[{"href":"http:\/\/fenello.com\/oldnews\/wp-json\/wp\/v2\/posts\/1625","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/fenello.com\/oldnews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/fenello.com\/oldnews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/fenello.com\/oldnews\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/fenello.com\/oldnews\/wp-json\/wp\/v2\/comments?post=1625"}],"version-history":[{"count":0,"href":"http:\/\/fenello.com\/oldnews\/wp-json\/wp\/v2\/posts\/1625\/revisions"}],"wp:attachment":[{"href":"http:\/\/fenello.com\/oldnews\/wp-json\/wp\/v2\/media?parent=1625"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/fenello.com\/oldnews\/wp-json\/wp\/v2\/categories?post=1625"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/fenello.com\/oldnews\/wp-json\/wp\/v2\/tags?post=1625"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}