Tag Archives: Greedy Banks

War on the Poor Continues With Planned Pension Cuts in Detroit and Illinois

Yesterday Federal bankruptcy court judge Steven Rhodes ruled that Detroit is insolvent and eligible for a Chapter 9 debt restructuring. This gives the city the go-ahead to cut retirement benefits as part of its restructuring plan, despite pensions being explicitly … Continue reading

Posted in Activism, consciousness, Corporate Crime, Economics, Financial Crisis, Labor, Recession, Social Control, society, State Crime, Work | Tagged , , , , , , , , , , , , , , , | 3 Comments