You See Him !! .. Gas Pump Driver has BRASS. Now wants to “Go Green” in Wakulla County, Florida. (September 25, 2012) …item 3.. Motor City runs out of gas (19 July 2013) …

Image by marsmet471
Known as Motor City for its boom years from 1910 to 1950, Detroit used to be the destination for success, with thousands attracted by its wealth and industry.
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……..*****All images are copyrighted by their respective authors ……..
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… message header for item 1. U.S. Energy Policy

Gasoholic… Come up with a snarky caption for this cartoon, email it to us, and we’ll sort the best and funniest punchlines from the rest. Then, on the following Monday, we’ll post the winner’s name and caption along with two runners-up here at JPTI as well as in the print edition of FLORIDA TODAY.
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…..item 1)…. Florida Today … www.floridatoday.com … Cartoon Caption Contest 9/25 …
9:15 PM, Sep 24, 2012
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img code photo … U.S. Energy Policy

cmsimg.floridatoday.com/apps/pbcsi.dll/bilde?Site=A9&…

September 25, 2012 / Jeff Parker, FLORIDA TODAY

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FILED UNDER
Columnists
Jeff Parker Cartoons

www.floridatoday.com/article/20120925/COLUMNISTS0204/1209…|newswell|text|Home|p

Gasoholic… Come up with a snarky caption for this cartoon, email it to us, and we’ll sort the best and funniest punchlines from the rest. Then, on the following Monday, we’ll post the winner’s name and caption along with two runners-up here at JPTI as well as in the print edition of FLORIDA TODAY.

Since you’ll be writing for a cartoon, we’ve added the professional feel by setting a deadline for you — please e-mail your entries to us by 4pm Thursday.

In your e-mail message, be sure to include your name and where you live. E-mail: jparker@floridatoday.com

Challenge your office co-workers, friends and families.

Captions submitted as comments will be disqualified.

A few guidelines:

-Please keep your captions clean and libelous-free. Remember, we’re a family newspaper.
-Keep it brief. I know it’s difficult, but bear in mind the funniest cartoons depend on brevity for maximum effect. And since these are editorial cartoons, don’t spare the vinegar.
-Be original. Don’t go for an obvious gag line that 20 other people will come up with.

Most of all, have fun!

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…..item 2a)…. youtube video … All in the Family – Archie, the Liberal … 23:49 minutes …

www.youtube.com/watch?v=7N4LQ862O3M&feature=related

After the press and civil-rights groups criticize the discrimination in Archie’s lodge, a token effort is made to recruit a new member.

Category:
Comedy

License:
Standard YouTube License

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…..item 2b)…. youtube video … Archie Bunker on Democrats … 2:28 minutes

www.youtube.com/watch?v=7fqCS7Y_kME&feature=related

Archie Bunker on Democrats

Category:
Comedy

License:
Standard YouTube License

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…..item 3)…. Motor City runs out of gas: Detroit becomes the largest city in U.S. history to file for bankruptcy …

… Mail Online – Daily Mail … www.dailymail.co.uk/news/

… Debt estimated to be as much as million
… Union and pensions board refused to agree to last-chance survival plan
… City has been borrowing money to pay employees

By JESSICA JERREAT
PUBLISHED: 15:49 EST, 18 July 2013 | UPDATED: 00:05 EST, 19 July 2013

www.dailymail.co.uk/news/article-2369551/Detroit-largest-…

Detroit has become the largest city in U.S. history to file for bankruptcy, after its state-appointed emergency manager filed for Chapter 9 protection.

Kevyn Orr, a bankruptcy expert, who was hired in March to lead Detroit out of a fiscal free-fall, made the filing in federal bankruptcy court today.

Detroit’s budget deficit is believed to be more than 0 million but Mr Orr said long-term debt was more than billion and could be as much as billion.
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img code photo … Extreme

i.dailymail.co.uk/i/pix/2013/07/18/article-2369551-1AE188…

Extreme: Detroit’s emergency financial manager Kevyn Orr explains his decision to make the city file for bankruptcy

Reuters

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‘The citizens of Detroit need and deserve a clear road out of the cycle of ever-decreasing services,’ Governor Rick Snyder wrote in a letter included in the filing.

‘The city’s creditors, as well as its many dedicated public servants, deserve to know what promises the city can and will keep. The only way to do those things is to radically restructure the city and allow it to reinvent itself without the burden of impossible obligations.’

In recent months, the city has used state-backed bond money to pay its 10,000 employees.

Pensions are protected under Michigan’s state constitution, so they would be safe if the bankruptcy is approved. However, healthcare and other benefits for retired residents could be affected.

Mr Orr was unable to convince a host of creditors, the city’s union and its pension boards to take pennies on the dollar to help facilitate the city’s massive financial restructuring.

He laid out his plans in June meetings with debt holders, in which his team warned there was a 50-50 chance of a bankruptcy filing.

Some creditors were asked to take about 10 cents on the dollar of what the city owed them. Underfunded pension claims would have received less than the 10 cents on the dollar under that plan.
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img code photo … Bust … Tony’s We Buy Gold & Silver … Any Condition! Best Prices Paid! ..

i.dailymail.co.uk/i/pix/2013/07/18/article-2369551-1AE19B…

Bust: After its boom years Detroit began a steady decline

JP Laffont / Sygma / Corbis

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img code photo … Industry …

i.dailymail.co.uk/i/pix/2013/07/18/article-2369551-1AE1A5…

Industry: Factories such as the Packard Automotive Plant, which helped Detroit become wealthy, are now abandoned

EPA

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A team of financial experts put together by Mr Orr said that proposal was Detroit’s one shot to permanently fix its fiscal problems.

Several factors, most notably sharp declines in the population and tax base, have been blamed on Detroit’s tumble toward insolvency.

The city lost a quarter of a million residents between 2000 and 2010. A population that, in the 1950s, reached 1.8 million is struggling to stay above 700,000.

More…

… Couple busted for ‘running m high-end global prostitution ring from their suburban home’
… Dramatic map shows how people from U.S. towns just MILES apart can have 25-YEAR difference in life expectancy

Much of the middle-class population, and scores of businesses, have left Detroit, and taken their tax dollars with them.

‘Managed’ bankruptcies are rare, Eric Scorsone, a Michigan State University economist and municipal finance expert, told Michigan Radio earlier this year.

‘You get certain creditors to agree upfront to certain adjustments, and then essentially you then use that agreement to go to the judge,’ he said.
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img code photo … Decline … 1001 … OUTSOURCE TO DETROIT .. Galaxe Solutions

i.dailymail.co.uk/i/pix/2013/07/18/article-2369551-1AE191…

Decline: The city has been trying to stop its decline and encourage businesses to move to the city

AP

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img code photo … Desolate

i.dailymail.co.uk/i/pix/2013/07/18/article-2369551-1AE18C…

Desolate: The once-thriving city is struggling to convince residents to stay

Reuters

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The economist added: ‘If the other creditors are not willing to agree, then the judge can do what is called a "cramdown" or forced adjustment on the other creditors.’

If the bankruptcy filing is approved, city assets could be liquidated to satisfy demands for payment.

Central Falls, Rhode Island, is the only other city that has had a similar managed municipal bankruptcy. It filed for the measure in August 2011.

It took that city a year for the debt plan to be worked through, under a scheme to pay off bondholders by cutting employees and pensions and raising taxes, according to the New York Times.

‘It would be very difficult for the image of [Detroit]. It would be the largest municipal bankruptcy in the history of the country. It would probably last three years and be very unforgiving to the employees and residents,’ Derek Howes, a Detroit journalist, said.

According to Forbes, unlike a corporate bankruptcy, federal bankruptcy gives the debtor the authority to abrogate labor union contracts, which will be controversial in a city that deals with dozens of city unions.
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img code photo … Drastic

i.dailymail.co.uk/i/pix/2013/07/18/article-2369551-1AE19F…

Drastic: Kevyn Orr with Governor Rick Snyder, who says the bankruptcy is a chance for the city to reinvent itself

AP

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img code photo … Heyday

i.dailymail.co.uk/i/pix/2013/07/18/article-2369551-1AE1A8…

Heyday: The abundance of car plants helped Detroit earn its name of Motor City and brought in business and people

Corbis

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img code photo … Business center

i.dailymail.co.uk/i/pix/2013/07/18/article-2369551-1AE1A9…

Business center: The city’s quick rise to wealth has been likened to the gold rush years

Richard Cummins / CORBIS

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And, while the bankruptcy will not affect political institutions, the city may need to seek a federal bail out or help from the state.

Known as Motor City for its boom years from 1910 to 1950, Detroit used to be the destination for success, with thousands attracted by its wealth and industry.

Major car companies, including Chrysler, Dodge and Cadillac had plants in and around the city where one in ten people worked in manufacturing, according to PBS.

By 2011, that figure had dropped to one in 50 people, and the population had fallen from its height of 1.8 million in 1950 to 714,000.

The city’s troubles came to national attention in 2009 when General Motors sought a .5 billion government loan to help it bankruptcy because of its debt and high labor costs.
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img code photo … Abandoned: Iconic buildings, such as Michigan Central Train Station

i.dailymail.co.uk/i/pix/2013/07/18/article-2369551-1AE1A9…

Abandoned: Iconic buildings, such as Michigan Central Train Station, are deserted and residents are leaving

Jake Warga / Corbis

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The U.S. government got a stake in the restructured company, part of which was sold in an initial public stock offering in November 2010, the Huffington Post said.

Many of the car factories and motor plants, which helped the city make its fortune in a boom likened to the gold rush years, have closed.

Buildings, such as the Le Plaza Hotel or 35-storey David Broderick skyscraper, that hint of the city’s once grand past, are crumbling and deserted, and many schools have been forced to close, according to Time magazine.

Read more:

… Is Detroit gearing up for a "managed bankruptcy?" And what does that even mean?
… Plan to End Bankruptcy in Rhode Island City Gains Approval
… Is It Time To Let The City Of Detroit Go Bankrupt?
… Detroit: A Boom Town Goes Bust
… GM Chairman Dan Akerson: Public Is Past Anger Over Auto Bailout
… Detroit’s Beautiful, Horrible Decline

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The truth about Detroit: Did Detroit really need to file for bankruptcy?
Larkin's claim that Detroit did not need to file for bankruptcy is based on financial assumptions that are, needless to say, much rosier than those of Detroit emergency manager Kevyn Orr. To take the most obvious point of contention, Larkin proclaims …
Read more on Detroit Free Press

Electric car charging company Ecotality could file for bankruptcy
It's working on restructuring the business for a potential sale, but bankruptcy filing is also an option, the company said. Since it's been running out of money, it's also been having a hard time carrying out a federally-funded EV Project to install …
Read more on Earth2Tech

UPDATE 1-Detroit pension funds to object to city's bankruptcy
The city's two pension boards will claim that Michigan Governor Rick Snyder violated the state's Constitution when he allowed Detroit's state-appointed emergency manager, Kevyn Orr, to make the bankruptcy filing. The pension boards also will claim …
Read more on Reuters

Detroit files for bankruptcy protection
The filing begins a 30- to 90-day period that will determine whether the city is eligible for Chapter 9 protection and define how many claimants might compete for the limited settlement resources that Detroit has to offer. The bankruptcy petition would …
Read more on USA TODAY

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