The Economist (October 24)
The approach insurgent companies are taking will survive long after some of them have failed. They are providing a striking addition to the capitalist toolbox. Airbnb and Uber and the rest…. are pioneering a new sort of company that can do a better job of turning dreams into businesses.”
Tags: Airbnb, Approach, Businesses, Capitalist, Dreams, Insurgent companies, Pioneering, Uber
Detroit Free Press (December 3, 2013)
Detroit became the biggest municipality—in fact the biggest public entity of any type—to file for bankruptcy in the U.S. after a federal judge approved the city’s application. With estimated debts of $18 billion, the city is hardly functioning. It takes nearly an hour for police to respond to calls, versus about six times longer than the national average. For many, the bankruptcy filing marks the first painful step to a comeback. Detroit’s Emergency Manager Kevyn Orr hopes to achieve improvements in basic services and the removal of 78,000 blighted homes and structures within three years. “That may sound like elementary stuff to people who are used to living in less-dysfunctional cities. In Detroit after decades of distress, however, it’s what dreams are made of.”
Tags: Bankruptcy, Basic services, Blight, Comeback, Debts, Detroit, Distress, Dreams, Dysfunction, Kevyn Orr, Police, U.S.
