Economic-Abandonment

Great Northern Paper Bankruptcy Leaves 1,000 Maine Workers with Pennies on Dollar of Promised Pensions

2017-12-18 00:00:00 +0000 UTC | Importance: 7/10

Approximately 1,000 former Great Northern Paper workers in Millinocket and East Millinocket, Maine began receiving bankruptcy settlement checks representing ‘a small fraction’ of the pensions, vacation pay, and severance they spent decades earning at the once-dominant paper mills. …

Brookfield Asset Management Cate Street Capital Great Northern Paper Company corporate-looting pension-theft bankruptcy-abuse workers-rights deindustrialization +2 more

Detroit Riots Accelerate Pre-Existing White Flight and Corporate Urban Disinvestment Pattern Creating Decades of Economic Decline

1967-07-23 00:00:00 +0000 UTC | Importance: 8/10

A Detroit Police Department raid on an unlicensed after-hours bar in the heart of the city’s predominantly African American inner city ignites one of the most violent and destructive civil disturbances in American history. The five-day uprising leaves 43 people dead, more than 1,000 injured, …

Detroit Police Department Michigan National Guard Insurance industry Corporate interests Detroit residents racial-injustice corporate-disinvestment white-flight urban-decay economic-abandonment