Monday, July 22, 2013

Today's Detroit Links

New York Times, page A1:  Cries of Betrayal as Detroit Plans to Cut Pensions.

CBS Evening News had a segment last night on the possible sale of the artwork.

Jonathan Adler on Detroit's bankruptcy and the Michigan constitution:  "Federal law trumps the state constitution under the Supremacy Clause, to be sure, but there’s also an argument that insofar as the bankruptcy code contemplates or requires official actions by state officials, such actions are constrained by a state’s constitution."

The Art Market Monitor:  "When discussing the DIA’s art as a public trust, it is relevant to be aware of the shrinking public."

Forbes's Tim Worstall:  Of Course Detroit Should Sell The Paintings.

Jim Johnson:  "The choice should not be between paying pensioners and maintaining cultural heritage. Let the bond-holders eat cake."

Detroit in Ruins:  a photo series.

Another "cash-strapped" city has begun selling off artifacts.