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Some City of Detroit Offices Closed on May 20 for Budget-Required Furlough

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Some City of Detroit Offices Closed on May 20 for Budget-Required Furlough

  Some City of Detroit offices will be closed on Monday, May 20 for budget-required furlough (BRF): ·        Board of Ethics ·        City Council ·        Communications & Creative Services Division & Total Copy Center ·        Detroit Building Authority ·        Greater Detroit Resource Recovery Authority (GDRRA) ·        Human Resources (with the exception of Payroll Division) ·        Human Rights ·        Mayor’s Office ·        Purchasing Division (Finance Department) ·        Recreation (Administration, Recreation Centers & Community Affairs) However, these departments will be open on May 20: ·        Buildings, Safety Engineering and Environmental Department (BSEED) ·        Department of Public Works ·        Finance Department (Income Tax, Assessments, Property Tax & Treasury) ·        Planning & Development Department

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LAST MOTOR CITY MAKEOVER CLEANUP IS IN THE CENTRAL AND SOUTHWEST AREAS ON S…

Community 05-17-2013 Hits:76 Michigan Chronicle Staff - avatar Michigan Chronicle Staff

LAST MOTOR CITY MAKEOVER CLEANUP IS IN THE CENTRAL AND SOUTHWEST AREAS ON SATURDAY, MAY 18

  Volunteers are invited to join hundreds of others cleaning and beautifying neighborhoods throughout the central and southwest sides of Detroit on Saturday, May 18, as Motor City Makeover moves into its last weekend. Motor City Makeover is a bagged litter campaign that encourages volunteers to participate in a citywide cleanup by sector. The campaign is part of a larger City initiative called Keep Detroit Beautiful, which focuses on cleaning, beautification, recycling, adopting parks and vacant lots, and gardening. Below are some of the many sites being cleaned on Saturday, May 18. Henry Ford Hospital Contact: Meagan Pitts-Dunn (313) 475-3993 Chauncey Samuel, Recreation Community Affairs Manager, (313) 207-8416 Location: Martin Luther King Jr. Park at W. Grand Boulevard & Rosa Parks Time: 11 a.m. – 1 p.m. Volunteers: 50+ Northend Neighbors Contact person: Phillis Judkins (313)815-1440 Location: Northeast Corner of Kenilworth & Brush/West corner of Josephine and Owens Streets Time: 9 a.m. – Noon Volunteers - 100 Focus:HOPE Contact Person: Mary Simpson (313) 492-4292 Location: 2146 Oakman Blvd., 3406 Ewald Circle at Fullerton St. Volunteers: 50 Time: 10 a.m. – 1 p.m. Mariners Inn Contact Person: Kyle Hocker (313) 215-6961 Location: Cass Park (located between Temple, Ledyard, 2nd & 3rd streets) Time: 10 a.m. – 1 p.m. Volunteers: 200 Mc Graw Resource Center 6900 Wagner (Vacant Lot) Contact: Raquel de Whitt (248) 842-0302 Volunteers: 30 - 50 Time: 9 a.m. – 1 p.m. Patton Recreation Center Contact: Ninfa Cancel, Recreation Community Affairs Manager, (313) 283-8252 Karla Williamson, Patton Center Supervisor, (313) 600-3555 Location: 2301 Woodmere off Vernor Hwy. (Park cleanup, graffiti removal & painting bleachers) Time: 9 a.m. – 2 p.m. Volunteers: 80-120 This Saturday is the last Motor City Makeover cleanup. There is still time for residents, business owners, houses of worship, block clubs, and schools to: · Call (313) 224-3450 to register to join the cleanup effort or register online at www.MotorCityMakeover.org. · Clean the area around their home, business, house of worship, or school on the Saturday designated for their sector. · Organize their neighborhoods or their...

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City of Detroit is insolvent

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City of Detroit is insolvent

by Chris Isidore The Detroit city government is weeks away from running out of the cash it needs to operate, according to an initial report from the emergency manager overseeing its finances. The report from Kevyn Orr, the bankruptcy attorney appointed by the state in March, lays out a bleak financial position for the city. "The city has effectively exhausted its ability to borrow," he writes in the report, adding that the city "is clearly insolvent." To avoid running out of cash before the end of its fiscal year on June 30, it must "defer payments on its current obligations," including more than $100 million in pension payments that are due. "No one should underestimate the severity of the financial crisis," Orr said in a statement. "The path Detroit has followed for more than 40 years is unsustainable and only a complete restructuring of the city's finances and operations will allow Detroit to regain its footing." He said this report was a baseline from which to develop that restructuring plan. It does not use the term "bankruptcy," but Orr hasn't ruled that out. Detroit is struggling under at least $15 billion in debt, due to years of borrowing to pay its bills as tax revenues plummeted. The population of the city has fallen by nearly 30 percent since 2012, and there are currently over 100,000 vacant lots and buildings. Together, this has meant a drastic drop in revenue from both income and property taxes. Detroit is struggling to come up with annual debt payments of about $246 million, which eat up almost 20 percent of the its general fund budget. Orr says the city needs relief from the money it owes, suggesting that investors holding its debt could end up taking haircuts. But investors won't be the only ones hit by Orr's efforts to restructure the city's finances. He...

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New Wall Street threat to homeownership

Community 05-17-2013 Hits:229 Stella J. Adams, NNPA - avatar Stella J. Adams, NNPA

New Wall Street threat to homeownership

  by Stella J. Adams (NNPA)—Private-equity firms, hedge funds and other Wall Street investors are seeking to develop a Real Estate Owned (REO)– to- Rent Securitization Market with the blessing of the FED and FHFA. A year ago, the Federal Reserve Board issued a policy statement on rental of REO owned by the banks they supervise and allowed the banks to rent REO properties without requiring them to demonstrate continuous efforts to market the properties. Last fall, FHFA initiated a "pilot" REO bulk sale program in urban markets across the nation. This munificence by the federal regulators will change the course of America's future and signals the abandonment of homeownership as a pathway to prosperity. Single-family rental properties have attracted more than $10 billion from equity firms, hedge funds, REITs and institutional investors. According to Goldman Sachs Group Inc., this market may attract a total of $2.8 trillion in capital investments in the not so distant future. The government's encouragement of this new housing market is fraught with potential societal and economic risks to the long-term health of our neighborhoods and our nation. As a fair housing professional, I am concerned that this allows the Wall Street predators to once again prey upon urban and inner-ring suburban communities across the country. These new investors in the rental housing market may not be aware that they are covered under Section 805 of the Federal Fair Housing Act and its implementing regulations. As a homeowner, I am concerned that there may be homes on my block or in my community that are owned by Wall Street firms that have shown no accountability for maintaining the properties they have acquired. A judge recently denied Deutsche Bank AG's bid to dismiss a lawsuit by the city of Los Angeles, accusing it of letting hundreds of foreclosed properties fall into...

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Powerball jackpot 3rd largest in U.S. history

Top News 05-17-2013 Hits:265 CNN - avatar CNN

Powerball jackpot 3rd largest in U.S. history

The odds of winning the Powerball jackpot are 1 in 175 million. STORY HIGHLIGHTS No one matched winning numbers in Wednesday night's Powerball drawing The jackpot for Saturday's drawing will be at least $550 million Largest jackpot in U.S. history was $656 million in Mega Millions game in 2012 (CNN) -- The Powerball jackpot for Saturday's drawing will be at least $550 million, the third largest lottery jackpot in U.S. history, after no one matched the winning numbers in Wednesday night's draw. Wednesday's jackpot in the multistate lottery was $360 million. The numbers were 2, 11, 26, 34 and 41 with a Powerball of 32. Saturday's jackpot will be the second largest in the history of the Powerball game, behind a $587.6 million jackpot that was split by winners in Arizona and Missouri in November. The largest lottery jackpot in U.S. history was $656 million in the Mega Millions game in March 2012. That was split by three tickets sold in Illinois, Kansas and Maryland. The Powerball game is played in 43 states, the District of Columbia and the U.S. Virgin Islands. A single ticket costs $2, and the odds of winning the jackpot are 1 in 175 million. And if that's a little too pricey for you, a Mega Millions ticket will cost you only $1. The jackpot for Friday's Mega Millions drawing will be at least $190 million, and the odds are the same, 1 in 175 million. Mega Millions is played in 42 states, the District of Columbia and the U.S. Virgin Islands. Jackpots in both games are based on payouts as annuities over 30 years. Players can choose a cash payout that will be less.

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U.S. options to 'capture or kill' Benghazi suspects [Video]

Top News 05-17-2013 Hits:98 By Barbara Starr - avatar By Barbara Starr

U.S. options to 'capture or kill' Benghazi suspects [Video]

      The U.S. military has updated plans to "capture or kill" alleged perpetrators of the deadly terror attack on the American diplomatic compound in Benghazi, Libya, CNN has learned.   The development comes amid growing pressure on the White House to show progress in the effort to catch those who killed Ambassador Christopher Stevens and three other Americans last September 11. Officials emphasize that military planning has been underway since the immediate aftermath of the armed assault. One part of the plan calls for potentially putting U.S. military personnel on the ground inside Libya, if ordered by President Barack Obama. Two U.S. officials confirmed the details to CNN, but declined to be named because of the sensitive nature of the information. The plan was updated and discussed at the highest levels of the military as recently as last week. The military has a list of several targets including some inside Benghazi and others in outlying areas. There are specific individuals named who are believed associated with the Benghazi attack as well other militants the United States wants to get. There are also militant camps or stronghold areas on the list that could be attacked. The plan has series of "capture or kill" options that Obama would have to approve. It's not known how much of this he may have been briefed about. One military official said the military is well aware that if it is ordered into action now by the White House, it could be viewed as a political move in light of the ongoing controversy over Benghazi. But he noted that initial planning began shortly after the attack last year. Special operations forces have stayed in the North Africa region since the attack in varying numbers to collect intelligence and be ready to launch attacks if ordered. CNN has been asked to not say where those forces are located. Officials are...

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My Dream List, Huh?

drivetime

 

The minute I tell somebody that I write about automobiles, it usually takes less than a few seconds for them to ask, “What’s your favorite car?”

My standard response is typically, “It depends on the segment” and by most accounts, that’s true. Considering how competitive the market is you can find a really nice vehicle in just about every segment now whether shopping for an affordable compact car or a premium luxury SUV.

Truth is, however, if I were to happen to, say, hit the lottery for a few hundred million, land a three picture movie deal to play a superhero or stumble on an NFL team looking to sign a former college player well over his playing years, there are a few vehicles I’d like to have in my personal collection.

Okay, all three of the scenarios I’ve noted are pretty unlikely, more like impossible, but I did say “dream list.” And if you’re going to dream, you might as well dream big right?

DREAM ON

Now, with that in mind, my top pick if my residence was say somewhere like the hills of Calabasas, California, (home to celebs the likes of Will Smith and Britney Spears), would be a Bentley Continental GT Speed (abt $214,000).

Ever since I first test drove the Bentley GT after it was launched in 2003, I’ve felt that for high-end luxury there isn’t a nicer “big body” coupé on the market, a segment which I tend to be drawn to. The new 2013 GT Speed, Bentley’s fastest car ever, features a W12 engine has a peak power of 616 horsepower with a 0 – 60 mph time of 4.0 seconds. Top speed in the new model, unveiled last month, is a breathtaking 205 miles per hour.

Of course, every dream fleet needs a bona fide “supercar.” And while I’m more inclined to think of them as rides reserved for adrenaline rushes in deserted places or track days, there is something very cool about a “supercar” that can double as a nice ride for an evening drive into Hollywood to meet friends for sushi.

For me, no “supercar” better encompasses that than the 562-horsepower Ferrari 458 Spider (abt $257,000) with a 0 to 62 mph time of just under 3.4 seconds – just in case I find myself running late for dinner.

HIS AND HERS

Although I’m not married (YET), there are a couple of vehicles I’d add to my fleet for my wife starting with a Range Rover (abt $80,000) for her and the kids (to come). Sure, for most, the Range Rover is more of a status symbol than anything. Still, you can’t deny its appeal especially in markets like California where the SUV tends to be the vehicle of choice for moms who refuse to let motherhood cramp their style.

That said, I’d also try to convince my “Mrs. A” to let me buy her a new BMW M3 (abt $60,000) when that next big signing bonus check came in. I’ve always had a thing for seeing a woman driving a 3 Series so it only makes sense that I’d buy the special woman in my life one.

Thoughtful of me right?

Of course, the idea of me forking out the extra $20,000 or so more for the 400-plus horsepower “M” Series model makes more sense in case I want to drive it.

For my personal ride to transport the kids, I’d opt for something a bit of a departure from the typical “daddy day care hauler” like the Mercedes-Benz E-Class E63 AMG Wagon (abt $94,000). The idea of driving a 500-plus horsepower car through the hills to go pick up the little ones from school is a lot more appealing than making that hike in a SUV.

TRUE TO TRADITION

For the family’s luxury New York City condo (surely you didn’t think I’d limit my dreams to California), I’d keep a Chevrolet Volt (abt $40,000) on hand for times when I wouldn’t want to bother my driver with having to pull out our Audi A8 (abt $79,000) for a weekend getaway to our Hamptons estate. I think owning a Volt would really add to the experience of urban living especially with all the new in-car technology General Motors is exploring such as wireless pedestrian detection (nice feature) − and I have long been a fan of the cache that comes with stepping out of an A8.

My American collectibles would be a black 1967 Pontiac GTO (abt $40,000), a Shelby GT500 Super Snake 50th Anniversary edition (abt $60,000) − and the 2009 Jeep Wrangler that I currently own, stemming from the deep connection I now have with the vehicle after driving it cross country from Detroit to Los Angeles.

To tow my Ferrari to the track or my GTO from California to the Woodward Dream Cruise (always dream of doing that), I’d probably buy a Ram heavy duty truck (abt $45,000). Considering my boat would be a yacht, towing it wouldn’t be an issue (remember, dream big). I’d just need to figure out whether I’d want to dock it in Malibu or Key West.

All that said, aside from the Pontiac GTO and my current Jeep, my dream list could change if it takes more than two years to land that movie role or another two or more seasons to beat out Michael Vick for the Philadelphia Eagles’ starting quarterback position.

But for now, that’s my dream list.

Marcus Amick is a national automotive writer and lifestyle consultant. He can be contacted at This email address is being protected from spambots. You need JavaScript enabled to view it. .

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