In the end, it was the federal government that made the difference between bankruptcy and [Detroit] emerging out of the crisis, as Murphy put it, with credit and honor. Throughout the crisis, Murphy practiced his belief that government’s primary responsibility was to serve the social and economic welfare of people, whose basic needs must not be subordinated to corporate America’s agenda.
Murphy attacked the tight-fisted policy of Ford Motor Company (FMC) and its indifference toward unemployed workers. Henry Ford publicly maintained he would never cut wages or jobs, even as he proceeded to do both. Employment at the largest facility of FMC in Dearborn, just outside Detroit, fell nearly 50 percent between 1929 and 1932. But the overwhelming majority of laid-off Ford workers resided in Detroit, raising the question, who bore responsibility for assisting them?
Marriage and divorce during times of economic downturn: should we celebrate if people stay together just because divorce is expensive?
[ed. note: see updates from 2/24 and 2/25 at bottom of post] ABC reports that President Obama is reading ten letters a day from all kinds of people all across the country, “to help him get outside of the bubble,” says press secretary Robert Gibbs. Each day he is handed a purple envelope containing the …