BREAKING: Snyder Recommends Emergency Financial Manager For Detroit

March 14, 2013 Subscribe · Forward Governor Makes Decision On Detroit Takeover Gov. Rick Snyder will appoint an emergency financial manager to take over control of Michigan's largest city, he said Thursday in Detroit. The announcement follows his declaration of a fiscal emergency in the city. "I'm confirming my determination of a financial emergency," Snyder said. "I'm going to ask the Emergency Loan Board to move forward with the plan of appointing an emergency manager for the city of Detroit." Standing with Gov. Snyder at Cadillac Place in Detroit, was Mayor Dave Bing and Kevyn Orr, a Washington D.C. attorney with a professional history of specializing in restructuring and bankruptcy, who Snyder named as a candidate for the EFM position. "This is the Olympics of restructuring," said Orr. With over 700,000 residents, Detroit is the largest city in American history to be directly taken over by state government. Continue reading... Snyder's Pick For Detroit Emergency Manager Has Bankruptcy, Big 3 Experience Here's How We Celebrated Detroit's New (Unofficial) Holiday Grandma 'Adored' Grandson But Shot Him Detroit Reporter Allegedly Starts Brawl, Bites Security Guard PHOTO: Detroit's Newest, Cutest Mascot Shows 313 Love WATCH: From Troy To Detroit In 2 Minutes Or Less Zombie Theme Park Proposed For Abandoned Neighborhood In Detroit Source: Snyder's Top Pick For Detroit EFM Has History With Chrysler Detroit Reporter Allegedly Starts Brawl, Bites Security Guard WATCH: Snyder To Announce Detroit's Future DPS Unites The City In Dance MATTHEW BODE Condoms and the Cross When we offer safer sex kits, a wall comes down. Honesty for us means we need to distribute safer sex kits. It is time we loved people as much as our ideologies. Continue reading... JENENNE WHITFIELD Journey Into The Heidelberg Project Tyree Guyton's urban interventions have opened up dialogue on many of the hard questions Detroit faces such as racism, segregation and poverty that have left deep wounds in the spirit of its people. Continue reading... CARA JOY DAVID And Then Narcissus Leaned Towards the Water I hope this Metamorphoses comes back to New York, but, if it doesn't, I am happy audiences can see it now at Arena. Continue reading... HOWARD LEARNER Climate Change Solutions That Advance Illinois' Economy and Environment Together Saving energy saves consumers money. Less pollution means better public health and cleaner lakes and rivers for all. Why would anyone argue that it's somehow smart to waste energy and money? Continue reading... MARIAN WRIGHT EDELMAN An All-American Crisis Gun violence is an urban problem. Gun violence is a suburban, small town, and rural problem. Gun violence is a problem in states with strong gun laws because guns still travel in from states next door. Continue reading... Received this from a friend? Sign up for alerts from The Huffington Post here. Unsubscribe here.