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Detroit Bankruptcy
The city of Detroit, Michigan, filed for Chapter 9 bankruptcy on July 18, 2013. It is the largest municipal bankruptcy filing in U.S. history by debt, estimated at $18–20 billion, exceeding Jefferson County, Alabama's $4-billion filing in 2011. Detroit is also the largest city by population in U.S. history to file for Chapter 9 bankruptcy, more than twice as large as Stockton, California, which filed in 2012. While Detroit's population had declined from a peak of 1.8 million in 1950, its July 2013 population was reported by ''The New York Times'' as a city of 700,000. Detroit's bankruptcy filing followed a declaration of financial emergency in March 2013 that resulted in Kevyn Orr being appointed as "emergency manager" of the city by Michigan Governor Rick Snyder. Orr's subsequent negotiations sought to get creditors to willingly " take a haircut" on Detroit's debt, and were ultimately unsuccessful. On July 19, 2013, Judge Rosemarie Aquilina of the Thirtieth Judicial C ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Detroit Bankruptcy
The city of Detroit, Michigan, filed for Chapter 9 bankruptcy on July 18, 2013. It is the largest municipal bankruptcy filing in U.S. history by debt, estimated at $18–20 billion, exceeding Jefferson County, Alabama's $4-billion filing in 2011. Detroit is also the largest city by population in U.S. history to file for Chapter 9 bankruptcy, more than twice as large as Stockton, California, which filed in 2012. While Detroit's population had declined from a peak of 1.8 million in 1950, its July 2013 population was reported by ''The New York Times'' as a city of 700,000. Detroit's bankruptcy filing followed a declaration of financial emergency in March 2013 that resulted in Kevyn Orr being appointed as "emergency manager" of the city by Michigan Governor Rick Snyder. Orr's subsequent negotiations sought to get creditors to willingly " take a haircut" on Detroit's debt, and were ultimately unsuccessful. On July 19, 2013, Judge Rosemarie Aquilina of the Thirtieth Judicial C ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bill Schuette
William Duncan Schuette ( ; born October 13, 1953) is an American lawyer and politician who served as the 53rd attorney general of Michigan from 2011 to 2019. He was the unsuccessful Republican nominee for Senate in 1990 and for Governor of Michigan in the 2018 gubernatorial election. Early life Schuette was born in Midland, Michigan. He is the son of Esther Cathrin (Little) and William H. Schuette, and step-son of Carl Gerstacker, former chairman of the board of The Dow Chemical Company. Schuette graduated from Herbert Henry Dow High School in 1972. He attended Georgetown University in Washington, D.C. and in 1976 graduated cum laude with a Bachelor of Science degree in the Foreign Service. He also studied at the University of Aberdeen in Scotland and received a J.D. from the University of San Francisco School of Law in 1979. Schuette was admitted to the Michigan bar in 1981. Political career Schuette was a delegate to the Michigan Republican conventions in 1972, 19 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Korn/Ferry
Korn Ferry is a management consulting firm headquartered in Los Angeles, California. It was founded in 1969 and as of 2019, operates in 111 offices in 53 countries and employs 8,198 people worldwide. Korn Ferry operates through four business segments: Consulting, Digital, Executive Search, Recruitment Process Outsourcing and Professional Search. History Korn Ferry was founded in 1969 by Lester Korn and Richard Ferry. The two first met in 1962, when they worked for Los Angeles accounting firm Peat, Marwick, Mitchell. In 1969 the firm went public with an initial public offering (IPO), but in 1974 reacquired all outstanding shares to become private again. In 1973 Korn Ferry formed Tokyo, Japan-based Korn Ferry International Japan. With the opening in 1975 of Korn Ferry International Singapore, the company had 41 offices in 20 countries. In 1977 they acquired the Mexico City firm Hazzard & Associados. In 1978 they opened offices in Malaysia and Hong Kong, and acquired the UK firm Jo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chief Financial Officer
The chief financial officer (CFO) is an officer of a company or organization that is assigned the primary responsibility for managing the company's finances, including financial planning, management of financial risks, record-keeping, and financial reporting. In some sectors, the CFO is also responsible for analysis of data. Some CFOs have the title CFOO for chief financial and operating officer. In the majority of countries, finance directors (FD) typically report into the CFO and FD is the level before reaching CFO. The CFO typically reports to the chief executive officer (CEO) and the board of directors and may additionally have a seat on the board. The CFO supervises the finance unit and is the chief financial spokesperson for the organization. The CFO directly assists the chief operating officer (COO) on all business matters relating to budget management, cost–benefit analysis, forecasting needs, and securing of new funding. Qualification Most CFOs of large companies h ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Michigan Auditor General
The Michigan Auditor General is the chief fiscal officer of the State of Michigan. The Office of the Auditor General was established in 1836 and, with changes to the Michigan Constitution in 1963, has become the independent oversight arm of the Legislature. The first Michigan Auditor General was Robert Abbott. The first Republican in office (1863) was Emil Anneke, an active abolitionist, Forty-Eighter of German Origin and younger brother of U.S. colonel and German 1849 revolutionary leader Fritz Anneke. In 1959, lawyer and NAACP activist Otis M. Smith was elected Michigan Auditor General, as one of the first African Americans to serve in a senior state government office. The current Michigan Auditor General, Doug A. Ringler, C.P.A, C.I.A, was appointed by the Michigan Legislature effective June 9, 2014. List of Michigan Auditors General since 1836 See also * Governor of Michigan * Michigan Attorney General * Michigan General Assembly * Michigan State Capitol References ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Andy Dillon
Andrew Dillon is a Democratic Party politician from the U.S. state of Michigan. While Dillon is a Democrat, he was appointed by Governor Rick Snyder, a Republican, to be the state's treasurer. Before serving in the Cabinet, Dillon was speaker of the Michigan House of Representatives. In the House, he represented a constituency in Wayne County that included Redford Township, the northern portion of Dearborn Heights, and the eastern portion of Livonia. He had served from 2007 to 2011. Early life Dillon graduated from Detroit Catholic Central High School in 1980, where he participated in the cross-country team. Dillon attended Detroit College of Law and then transferred to, and graduated from the University of Notre Dame with degrees in accounting and law. Dillon ran a law practice in Wayne County before becoming president of DSC Ltd. in 1995, and also served as a District Court magistrate and an aide to former U.S. Senator Bill Bradley (D-New Jersey). Political career Dillon ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Associated Press
The Associated Press (AP) is an American non-profit news agency headquartered in New York City. Founded in 1846, it operates as a cooperative, unincorporated association. It produces news reports that are distributed to its members, U.S. newspapers and broadcasters. The AP has earned 56 Pulitzer Prizes, including 34 for photography, since the award was established in 1917. It is also known for publishing the widely used '' AP Stylebook''. By 2016, news collected by the AP was published and republished by more than 1,300 newspapers and broadcasters, English, Spanish, and Arabic. The AP operates 248 news bureaus in 99 countries. It also operates the AP Radio Network, which provides newscasts twice hourly for broadcast and satellite radio and television stations. Many newspapers and broadcasters outside the United States are AP subscribers, paying a fee to use AP material without being contributing members of the cooperative. As part of their cooperative agreement with the AP, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
CTV News
CTV News is the news division of the CTV Television Network in Canada. The name ''CTV News'' is also applied as the title of local and regional newscasts on the network's owned-and-operated stations (O&Os), which are closely tied to the national news division. Local newscasts on CTV 2 are also branded as ''CTV News'', although in most cases they are managed separately from the newscasts on the main CTV network. National programs CTV's national news division produces the following programs: * '' CTV National News'', the nightly newscast anchored by Omar Sachedina (weekdays) and Sandie Rinaldo (weekends); * '' W5'', a weekly newsmagazine series; * '' Question Period'', a weekly news and interview series;. CTV News also operates the national 24-hour news channel CTV News Channel and the 24-hour national business news channel BNN Bloomberg, both of which are available across Canada on cable and satellite. The news division produced the weekday morning news and entertainment ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Detroit City Council
The Detroit City Council is the legislative body of Detroit, Michigan, United States. The full-time council is required to meet every business day for at least 10 months of the year, with at least eight of these meetings occurring at a location besides city hall. The Detroit City Council has elected Mary Sheffield to be its next president. The council may convene for special meetings at the call of the mayor or at least four members of council. History The City Council was first constituted as the legislative body of the city in 1824. The city began to grow more rapidly in the late 19th century, absorbing immigrants from Europe and migrants from the rural South and other areas. This body was called the Common Council until July 1, 1974. Until the early 20th century, the council was elected from city wards, or single-member districts. However, starting in 1918, at a time of changes in local government thought to be Progressive, the city council voted to require all city counci ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Democratic Party (United States)
The Democratic Party is one of the two major contemporary political parties in the United States. Founded in 1828, it was predominantly built by Martin Van Buren, who assembled a wide cadre of politicians in every state behind war hero Andrew Jackson, making it the world's oldest active political party.M. Philip Lucas, "Martin Van Buren as Party Leader and at Andrew Jackson's Right Hand." in ''A Companion to the Antebellum Presidents 1837–1861'' (2014): 107–129."The Democratic Party, founded in 1828, is the world's oldest political party" states Its main political rival has been the Republican Party since the 1850s. The party is a big tent, and though it is often described as liberal, it is less ideologically uniform than the Republican Party (with major individuals within it frequently holding widely different political views) due to the broader list of unique voting blocs that compose it. The historical predecessor of the Democratic Party is considered to be th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dave Bing
David Bing (born November 24, 1943) is an American former professional basketball player, businessman, and politician who served as the 74th mayor of Detroit, Michigan from 2009 to 2013. He is a member of the Democratic Party. After starring at Syracuse University, Bing played 12 seasons in the National Basketball Association (NBA) as a point guard for the Detroit Pistons (1966–1975), Washington Bullets (1975–1977), and Boston Celtics (1977–78). During his career, he averaged over 20 points and six assists per game and made seven NBA All-Star Game appearances, winning the game's Most Valuable Player award in 1976. The Pistons celebrated his career accomplishments with the retirement of his #21 jersey. In addition, he was elected to the Naismith Memorial Basketball Hall of Fame and named to the NBA 50th Anniversary All-Time Team and the NBA 75th Anniversary All-Time Team. Bing founded Bing Steel, a processing company that earned him the National Minority Small Business P ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Republican Party (United States)
The Republican Party, also referred to as the GOP ("Grand Old Party"), is one of the two major contemporary political parties in the United States. The GOP was founded in 1854 by anti-slavery activists who opposed the Kansas–Nebraska Act, which allowed for the potential expansion of chattel slavery into the western territories. Since Ronald Reagan's presidency in the 1980s, conservatism has been the dominant ideology of the GOP. It has been the main political rival of the Democratic Party since the mid-1850s. The Republican Party's intellectual predecessor is considered to be Northern members of the Whig Party, with Republican presidents Abraham Lincoln, Rutherford B. Hayes, Chester A. Arthur, and Benjamin Harrison all being Whigs before switching to the party, from which they were elected. The collapse of the Whigs, which had previously been one of the two major parties in the country, strengthened the party's electoral success. Upon its founding, it supported c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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