A court-appointed financial expert asked to assess whether the city's restructuring plan is 'feasible' concluded Monday that it is, marking another critical turn in Detroit's effort to negotiate successfully the largest municipal bankruptcy in American history.
If Detroit's historic water deal is an opportunity seized, the proof is in the details — and who pushed hardest to get it done.
The road blocks are disappearing. In the space of one long work day, the city and its bankruptcy lawyers reached two key agreements that should speed the conclusion of the largest municipal bankruptcy in American history and share the costs of running Detroit once it emerges from Chapter 9.
A deal between Detroit and a holdout creditor to convey city property to settle Syncora Guarantee Inc.'s bankruptcy claim wouldn't come without strings — if it comes at all.
Michigan's economic and tax climate is showing steady signs of improvement, says a new study by the East Lansing-based Anderson Economic Group, bolstered by the cyclical recovery of Detroit's automakers and suppliers leaned out by bankruptcy, restructuring and a harrowing recession.
You wouldn't know the municipal bankruptcy trial of the century is underway at the federal courthouse downtown.
The dean of Big Ten university presidents is showing no signs of slowing down, stepping aside or coasting.
Detroit's holdout bond insurers, facing the prospect of meager returns in the city's historic bankruptcy case, are not going quietly.
In Dearborn, in an older red-brick commercial strip on the west side of Schaefer, stands arguably the best one-two foodie punch in Metro Detroit.
The soft opening Monday of Detroit's landmark bankruptcy trial, scheduled to begin late next week, is coming down to a simple test:
Let's get something straight: a water department that spent way too many years giving way too many Detroiters a pass for not paying their bills is a management failure.
Incompetence has it limits, even in Wayne County. Just ask Executive Robert Ficano, who finished fifth in the Democratic primary won easily Tuesday by former Sheriff Warren Evans.
The auto industry's margin for error is poised to shrink yet again. Because of GM's decade-long ignition-switch debacle that claimed at least 13 lives, a Missouri senator is pushing legislation that would effectively criminalize decisions by auto executives to withhold information on defective parts from the public and federal regulators.
A Michigan-born friend who lives in New York City now loves to remind me that few cities fascinate the Big Apple and its media more than Detroit, especially once its dysfunction became the epicenter of American bankruptcy.
The brouhaha over the Detroit Water and Sewerage Department's poorly executed water shut-off plan — a program whose time is way past due given $90 million in ...
Six months after stepping aside as General Motors Co.'s fourth CEO in five years and leaving his successor with a searing recall crisis, Dan Akerson tells The ...
Score two for the Senate in the deadly ignition-switch recall case of prosecutors-turned-senators vs. GM's chief lawyer.
There will be no celebrations at 4:06 p.m. Friday, only quiet acknowledgment that the largest municipal bankruptcy in American history is marking its first ...
The 'grand bargain' is on track to become the Grand Coalition, because that's what's forming ahead of next month's confirmation trial before U.S. Bankruptcy ...
Business / Economy / Politics / Autos
Daniel Howes is business columnist and associate business editor of The Detroit News. From 1999 to January 2003, he was based in Germany as The News' European correspondent and automotive columnist, reporting from more than 20 countries on three continents. Before heading to Europe, Howes was senior automotive writer and an investigative and projects reporter on the business desk. He came to Detroit in 1993 from The Roanoke Times in Virginia, where he covered business, politics and higher education. His column runs Tuesdays, Thursdays and Fridays. Reach him at email@example.com or through his blog.
More on Daniel Howes
- On media: He is a regular contributor to NewsTalk 760-WJR in Detroit and NPR's Michigan Radio, based in Ann Arbor. He appears often on radio and television locally, in the United States and overseas.
- On education: He holds a bachelor's degree in history from the College of Wooster in Ohio, and a master's in international affairs from Columbia University.
- On awards: Winner of multiple International Wheel Awards for column writing; a four-time winner of Northwestern University's Medill award for general markets coverage; a three-time finalist for the prestigious Gerald Loeb Awards, including an honorable mention for commentary in 2007; and winner of a Society of Business Editors and Writers award for commentary in 2012.
- Detroit Financial Review Final Report (PDF)
- Detroit Renaissance: Structural Reform Agenda (PDF)
- Road to Renaissance Report (PDF)
- University of Michigan Economic Outlook (PDF)
- Michigan Future Inc.: New Agenda for a New Michigan (PDF)
- U-M's Millenium Project: Roadmap to Michigan's Future
- Brookings Institution study: The Vital Center (PDF)
- Michigan Emergency Fiscal Memo
- Angelique Chengelis
- Terry Foster
- Tom Gage
- Jerry Green
- Lynn Henning
- Ted Kulfan
- Tom Markowski
- Chris McCosky
- John Niyo
- Bob Wojnowski
- Donna Terek
- Editorial + Opinion
- Nolan Finley
- Paul W. Smith
- Frank Beckmann
- George Will
- Thomas Sowell
- Froma Harrop
- Charles Krauthammer
- Clarence Page
- Kathleen Parker
- Michael Barone
More from The Detroit News
Seen in the Photo Store
Purchase Detroit News images of historic events, scenes, places and people.Go to the PhotoStore
The Detroit News Apps
Stay up to date on the go with the latest from The Detroit News apps
Our apps connect you with the best news, sports, auto and entertainment coverage from our team of award-winning journalists.