Economics News continually updated from thousands of sources around the net.
2 hrs ago | The Town Talk
Bankruptcy ruling worries Detroit retirees: A judge's ruling that the city of Detroit is eligible for Chapter 9 has many retirees concerned that their pensions will be cut.
Should the federal government stop offering subsidized student loans?
Are you smarter than a 7th grade civics student?
5 hrs ago | The Fresno Bee
An empty field in Brush Park, north of Detroit's downtown is shown with an abandoned home.
Detroit city workers and supporters protest outside the federal courthouse in Detroit while awaiting the bankruptcy decision, Tuesday, Dec. 3, 2013.
Jefferson County, Ala., has closed the sale of nearly $1.8 billion in new debt and emerged from the nation's second-largest municipal bankruptcy.
Alabama's Jefferson County on Tuesday closed on a $1.78 billion sewer bond deal and brought an end to what had been the biggest U.S. municipal bankruptcy before Detroit filed for court protection from creditors in July.
Detroit's bankruptcy case is entering its most important stage so far as a judge decides whether the city is eligible to stay in court and fix billions in debt.
Illinois lawmakers are set to consider a potentially historic plan to solve the state's worst-in-the-nation $100 billion pension crisis.
Some of the thousands of Los Angeles area high school students attend the 12th Annual College and Career Convention, sponsored by the Los Angeles Area Chamber of Commerce, on Nov. 6, 2013 at the Los Angeles Convention Center in Los Angeles.
The revelation that a New York City commuter train derailed while barreling into a sharp curve at nearly three times the speed limit is fueling questions about whether automated crash-avoidance technology could... The revelation that a New York City commuter train derailed while barreling into a sharp curve at nearly three times the speed limit is ... (more)
Dec 2, 2013--Toshiba Corporation today announced that it has entered into an agreement at December 2 with OCZ Technology Group, Inc. to acquire substantially all the assets of OCZ Technology's SSD business.
Attendance jumped to nearly 600,000 in fiscal year 2012-13, which ended June 30, from about 475,000 the year before, a more than 25 percent increase, officials said.
NEWS ANALYSIS: As the value of the Bitcoin currency rises above $1,000, the risk of security exploits and attacks are also likely to climb.
LOCKED AWAY, A FORMER MEDICAL TECH FROM METRO DETROIT SLAPPED WITH A SENTENCE FOR CAUSING A MEDICAL HEALTH CRISIS.
On Jan. 1, Detroit will swear in its first white mayor in 40 years. Usually that would be a significant turn in a city where eight of 10 residents are black.
One of the largest heists in bitcoin history is happening right now. 96,000 bitcoins - that's roughly 60m as of the time of writing - was taken from the accounts of customers, vendors and administrators of the Sheep Marketplace over the weekend.
Sitting beneath about four feet of garbage in an area of a Welsh landfill the size of a football field sits a fortune - in the form of a computer hard drive that James Howells threw out this summer while cleaning up his workspace.
When Bankruptcy Court Judge Sean Lane said of the US Department of Justice settlement with US Airways and American Airlines, concerning their proposed merger, "The settlement easily satisfies" the bankruptcy requirements for American Airlines, and that the group that sued to block the deal "utterly failed" to prove the merger would harm them, the ... (more)