Word: detroits
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...auto company's debt for equity, effectively driving the firm into Chapter 11. The century that began with the mass production of the Model T in 1909 and ended with the worst collapse of domestic vehicle demand in history is over. It was a 100-year period when Detroit was considered the seat of global manufacturing prowess, a period when the Big Three were among the largest, and often the most profitable, companies in the world...
...bankruptcy, along with Chrysler's, will certainly help drive down the U.S. market share of the Big Three and open the door further to nimble and more well-funded competitors, including Toyota (TM), Honda (HMC), Nissan and Hyundai. It would be surprising if Detroit has only a 30% share of the U.S. car market by the time vehicle sales recover even modestly, probably in 2011. (See pictures of Detroit's decline...
...years, major supermarket chains have been criticized for abandoning densely populated, largely black and Latino communities in cities like Detroit, Los Angeles, Memphis and Newark, N.J. - contributing to what many experts call food deserts. Many of these communities are, quite literally, starving for broader and healthier food options beyond the seemingly ubiquitous fast-food chains and corner stores selling barely a handful of fruits and vegetables - at relatively high prices. (Watch TIME's video "Urban Deserts: Fresh Food-Free...
Experts have declared roughly half of Detroit (pop. 916,000) a food desert and estimate that nearly 633,000 of Chicago's 3 million residents live in neighborhoods either lacking or far away from conventional supermarkets like Jewel, Pathmark and Winn-Dixie. The paucity of affordable, healthy food options in urban communities is ironic in a country with an abundance of food. "Everyone deserves to eat," says Mari Gallagher, president of the National Center for Public Research, a Chicago group that studies urban issues. The crisis, she adds, "really is a matter of life and death." (See pictures of what...
...pancreatic cancer on May 9 at age 78, was my mentor on and off the court. He was also one of the greatest coaches I've ever played for. He was a respected voice in our locker room and the driving force behind our two NBA championships with the Detroit Pistons. And, let's not forget, the man was a great dresser--a fact that led directly to his nickname: Daddy Rich...