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In My Native City Of Detroit, Atlas Has At Long Last Shrugged
Forbes ^ | 07/24/2013 | Prof, Mark Hendrickson

Posted on 07/24/2013 7:22:46 AM PDT by SeekAndFind

I’m sad. Detroit is my native city. It’s decline from being arguably the world’s richest city to being America’s “first Third Word city” is tragic, politically criminal, and a warning to other Americans.

The official declaration of Detroit’s bankruptcy last week could not have come as a surprise to anyone familiar with the Motor City’s atrocious financial condition. The city had no hope of ever recovering from its colossal over-indebtedness, and without a central bank standing by to create fiat credit to augment its insufficient revenue—the scheme that is the only thing keeping the even more colossally over-indebted national government solvent—the only question was when someone would pull the plug.

Fiscally speaking, Detroit had been in the “walking dead” category for years. Last Thursday’s announcement by Detroit’s emergency manager, Kevyn Orr, finally acknowledged the inescapable facts.

Clearly, some Michiganders are still in denial and refuse to face those facts. Last Friday, Ingham County Circuit Judge Rosemarie Aquilina insisted that the Chapter 9 bankruptcy declaration be withdrawn, stating the Michigan constitution forbids any action that would decrease the pension benefits of public employees. In the first place, Judge Aquilina should read my article about will and abandon the delusion that a constitution can alter reality by making nonexistent funds magically appear; in the second, it is an unjust constitution that confers a protection on public employees that private-sector employees don’t have. A sounder constitution would have prohibited the city government from gaining control of employees’ retirement funds contributions and instead have mandated that those contributions all go into a private fund in the workers’ names where the city couldn’t touch them.

(Excerpt) Read more at forbes.com ...


TOPICS: Business/Economy; Culture/Society; News/Current Events; US: Michigan
KEYWORDS: atlasshrugged; bankruptcy; detroit
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1 posted on 07/24/2013 7:22:46 AM PDT by SeekAndFind
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To: SeekAndFind

Sorry, couldn’t get past the misused apostrophe in the third sentence. The writer is a complete idiot.


2 posted on 07/24/2013 7:25:55 AM PDT by dinodino
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To: ADemocratNoMore; Aggie Mama; alarm rider; alexander_busek; AlligatorEyes; AmericanGirlRising; ...
Atlas ping. There are similarities to the Daniel Hannan article, but this article from Forbes looks at it from a slightly different angle.
3 posted on 07/24/2013 7:27:46 AM PDT by Publius
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To: dinodino

One apostrophe and you judge the writer’s intellect... wow, that’s deep.


4 posted on 07/24/2013 7:27:48 AM PDT by SeekAndFind
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To: SeekAndFind
...Judge Aquilina should read my article about will and abandon the delusion that a constitution can alter reality by making nonexistent funds magically appear; in the second, it is an unjust constitution that confers a protection on public employees that private-sector employees don’t have. A sounder constitution would have prohibited the city government from gaining control of employees’ retirement funds contributions and instead have mandated that those contributions all go into a private fund in the workers’ names where the city couldn’t touch them.

Don't want to rush to judgement here, but Aquilina seems to be an idiot.

5 posted on 07/24/2013 7:28:31 AM PDT by Rummyfan (Iraq: it's not about Iraq anymore, it's about the USA!)
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To: SeekAndFind

double dinosaured ...


6 posted on 07/24/2013 7:28:53 AM PDT by knarf (I say things that are true ... I have no proof, but they're true.)
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To: SeekAndFind

He might be a smart guy, but he has no business whatsoever writing newspaper articles! If you don’t understand elementary English grammar, don’t write for publication!


7 posted on 07/24/2013 7:29:14 AM PDT by dinodino
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To: dinodino

Wow, its on the web site too. The editors were the first ones fired when the profits started dropping off the cliff.


8 posted on 07/24/2013 7:30:01 AM PDT by DManA
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To: Publius

Thanks for the ping.


9 posted on 07/24/2013 7:30:51 AM PDT by upchuck (To the faceless, jack-booted government bureaucrat who just scanned this post: SCREW YOU!)
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To: SeekAndFind

The only problem is that it took so long. Other cities and states and even the federal government ought to learn a lesson from Detroit, but they won’t. Not as long as there is one person out there left out there to loot.


10 posted on 07/24/2013 7:31:12 AM PDT by Blood of Tyrants (Inside every liberal and WOD defender is a totalitarian screaming to get out.)
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To: DManA

I know, it’s completely ridiculous. I went to the Forbes site before I posted my complaint just to make sure the original poster didn’t insert the error himself.


11 posted on 07/24/2013 7:31:28 AM PDT by dinodino
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To: dinodino

RE: He might be a smart guy, but he has no business whatsoever writing newspaper articles!

Has it not occurred to you that people sometimes MISPRINT or MISSPELL things?

Your penchant for grammatical perfection while ignoring the content of the article is astonishing.


12 posted on 07/24/2013 7:31:36 AM PDT by SeekAndFind
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To: dinodino

There is a missing ‘l’ in ‘Third Word City’ as well, but you’d have to school me on apostrophes.


13 posted on 07/24/2013 7:31:41 AM PDT by The KG9 Kid (Demand Common Sense Nut Control.)
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To: SeekAndFind

Bump.


14 posted on 07/24/2013 7:33:33 AM PDT by upchuck (To the faceless, jack-booted government bureaucrat who just scanned this post: SCREW YOU!)
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To: SeekAndFind
I was on the phone with a customer service guy a while back and while he was bringing up information we made small talk. I asked him where he was and he said recently moved to Michigan's Upper Peninsula. I had never heard the term and he explained it to me.

I though maybe he had migrated there from somewhere after seeing the TV commercials touting Michigan, but he said he had moved out of Detroit partially because he had a new woman in his life who wouldn't come to his house because of the neighborhood.

I asked him if was hard to sell a house like that and he said he just left it and walked away. I said, "Wow, that must have hurt." But his reply was that it only cost him $4,400 in the first place.

I've thought about that often in hearing the stories of Detroit's demise. For anyone not to have seen this coming long ago amazes me. For anyone to have stood by and ignored the obvious amazes me even more. How the hell did no one care to do anything about the condition of this once great city when the cost of a home had slipped lower than John Kerry's bicycle?

15 posted on 07/24/2013 7:33:43 AM PDT by Baynative (Lord, keep your arm around my shoulder and your hand over my mouth.)
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To: SeekAndFind

Do people commonly make mistakes like this while writing for FORBES? We’re not talking about the author’s grocery list here—we’re talking about a published article. Do you *really* think that’s acceptable? If so, you have a job waiting for you as a public school educator.


16 posted on 07/24/2013 7:34:02 AM PDT by dinodino
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To: SeekAndFind
It is a fact that those who know nothing can belong to "it" can sometimes still make the mistake of adding an apostrophe as if it were possessive. I know because I've done it.
17 posted on 07/24/2013 7:35:21 AM PDT by luvbach1 (We are finished.)
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To: dinodino

Thanks, I agree. It’s like writing an article on finance and reversing the numbers.


18 posted on 07/24/2013 7:36:29 AM PDT by kabumpo (Kabumpo)
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To: dinodino
It’s decline from being arguably the world’s richest city to being America’s “first Third Word city” is tragic, politically criminal, and a warning to other Americans.

Sorry, couldn’t get past the misused apostrophe in the third sentence. The writer is a complete idiot.

I agree whole-heartedly, dinodino. I'm surprised Forbes can't afford a copy editor to clean up after its apparently Detroit-educated "writer."

19 posted on 07/24/2013 7:36:30 AM PDT by Standing Wolf
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To: luvbach1

I agree, however, that such errors should never creep into a publication.


20 posted on 07/24/2013 7:36:46 AM PDT by luvbach1 (We are finished.)
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To: luvbach1

Either the editor didn’t actually read the article, or he’s as big an idiot as the author. The error is like a big slap in the face the moment you start reading.


21 posted on 07/24/2013 7:37:19 AM PDT by dinodino
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To: dinodino

We read and reply to a lot of leftist crap on this site and to see people go nuts over a misplaced/misused apostrophe is quite something.


22 posted on 07/24/2013 7:39:40 AM PDT by GeronL
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To: dinodino

I agree with your post #21. Although the mistake can be forgiven as a momentary lapse, it never should have gotten into the article.


23 posted on 07/24/2013 7:39:57 AM PDT by luvbach1 (We are finished.)
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To: dinodino

I posted this article not for people like you to lecture us on your knowledge of punctuations, but for people to read the CONTENT of the article and comment about it.

If you want to stop reading this article because you can’t stand the mistake he made, please refrain from commenting.

I did not post this article to read about your abilities as a gramamr educator.


24 posted on 07/24/2013 7:40:55 AM PDT by SeekAndFind
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To: luvbach1

Over 20 posts in this thread little comment about Detroit. What do people want this thread to be, a discussion about apostrophes?


25 posted on 07/24/2013 7:43:21 AM PDT by SeekAndFind
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To: SeekAndFind

One thing for sure is you gotta like Jim Leland and those Tigers.


26 posted on 07/24/2013 7:44:35 AM PDT by onedoug
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To: onedoug

RE: One thing for sure is you gotta like Jim Leland and those Tigers.

Well, let’s hope the Tiger owners still have the money ...

And yeah, the two time champion, Pistons too... this team is down in the dumpsters.


27 posted on 07/24/2013 7:48:43 AM PDT by SeekAndFind
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To: SeekAndFind; dinodino

Consider your thread hijacked, SAF. DD, your criticism would be more productive if you directed it to the comments section following the Forbes article.


28 posted on 07/24/2013 7:50:18 AM PDT by shove_it (long ago Orwell and Rand warned us about 0bama's America)
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To: SeekAndFind

I’ve often sent in free lance articles to our local paper and they absolutely butchered the print copy. Not my fault...so in this case, we should go easy on grammatical errors.


29 posted on 07/24/2013 7:51:55 AM PDT by ThomasMore (Islam is the Whore of Babylon!)
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To: dinodino; Standing Wolf; SeekAndFind
Can I make a suggestion?

Bitching and hijacking this thread over an inconsequential typo accomplishes absolutely nothing. Except irritating those of us who came here to read the article. Why not be proactive and express your rage over this egregious error directly to Forbes?

Here's their contact page. I suspect you want "Corrections."

30 posted on 07/24/2013 7:53:07 AM PDT by upchuck (To the faceless, jack-booted government bureaucrat who just scanned this post: SCREW YOU!)
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To: onedoug

I sure hope Detroit doesn’t lose the Red Wings because of this bad government problem.

That would be a real shame.


31 posted on 07/24/2013 7:53:27 AM PDT by headsonpikes (Mass murder and cannibalism are the twin sacraments of socialism - "Who-whom?"-Lenin)
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To: The KG9 Kid
"you’d have to school me on apostrophes.

I learned in grade school that to use an apostrophe to indicate possession you placed the apostrophe after the word "worlds' richest city". Placing the apostrophe between the word and the s is a contraction of the word and "is". "The world's a mean place". I rarely see what I learned in grade school used any longer. Also spell checkers do not like that use either so I think I am out of date. I attended grade school back in the 50s and many of the things I learned no longer seem accepted practice.

32 posted on 07/24/2013 7:55:54 AM PDT by jpsb (Believe nothing until it has been offically denied)
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To: SeekAndFind

If he breaks wind we’re really in trouble.


33 posted on 07/24/2013 7:57:28 AM PDT by Mr Ramsbotham (Laws against sodomy are honored in the breech.)
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To: jpsb

Me too.


34 posted on 07/24/2013 7:59:26 AM PDT by shove_it (long ago Orwell and Rand warned us about 0bama's America)
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To: Rummyfan

Aquilina may be an idiot, I don’t know, but her order, issued about 15 minutes after the petition was filed in The U.S. Bankruptcy Court for the Eastern District of Michigan, was the perfect example of “home cookin’”. A ruling sure to be overturned or ignored, but crafted to get maximum sympathy among a local audience.


35 posted on 07/24/2013 8:02:48 AM PDT by Wally_Kalbacken
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To: shove_it

Great! I was afraid I might not be remembering my lessons properly.


36 posted on 07/24/2013 8:04:05 AM PDT by jpsb (Believe nothing until it has been offically denied)
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To: dinodino
Here is a photographic form apostrophe free comment. Hope it conveys the intended message.


37 posted on 07/24/2013 8:04:09 AM PDT by katana (Just my opinions)
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To: dinodino

That’s pedantic, particularly in light of the good grammar and syntax employed in the balance of the article.


38 posted on 07/24/2013 8:04:20 AM PDT by Mr Ramsbotham (Laws against sodomy are honored in the breech.)
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To: dinodino

Get over yourself. You may be smarter than the average bear but misuse of a ‘floating comma’ is par for the course.


39 posted on 07/24/2013 8:04:29 AM PDT by I am Richard Brandon
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To: SeekAndFind

Ah, great, a p$$ng match.


40 posted on 07/24/2013 8:05:48 AM PDT by MrB (The difference between a Humanist and a Satanist - the latter admits whom he's working for)
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To: jpsb

In general, an apostrophe before the “s” indicates a singular possessing something, while an apostrophe after an “s” indicates the plural possessing something—e.g. “the soldier’s guns” vs. “the soldiers’ guns.” Contractions are another use, and the contraction “it is” tends to cause many mistakes because it involves an “s”.


41 posted on 07/24/2013 8:06:19 AM PDT by Hieronymus ( (It is terrible to contemplate how few politicians are hanged. --G.K. Chesterton))
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To: dinodino

perhaps he had it right and an editor “fixed” it for him!


42 posted on 07/24/2013 8:08:59 AM PDT by NonValueAdded (Unindicted Co-conspirators: The Mainstream Media)
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To: GeronL
...to see people go nuts over a misplaced/misused apostrophe is quite something.

Geron, the widespread grammar, punctuation, and spelling errors we see, are signs of decline in our culture which many of us object to. I don't see these objections as any different from objecting to other signs of societal degradation.

For myself, I appreciate it when someone points out an error that I've made, because I support the health of our native tongue.

43 posted on 07/24/2013 8:09:08 AM PDT by Windflier (To anger a conservative, tell him a lie. To anger a liberal, tell him the truth.)
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To: Hieronymus
an apostrophe before the “s” indicates a singular possessing

hmmmmm, then the below is correct usage? I am certainly no expert on grammar, lol. And I avoid contractions as much as I can since I was taught (again back in grade school) that contractions were for lazy writers. I expect things to heat up if I understood you correctly and the below is correct usage. I look forward to getting a lesson on English grammar.

the world’s richest city

44 posted on 07/24/2013 8:13:14 AM PDT by jpsb (Believe nothing until it has been offically denied)
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To: Windflier

Agreed—and that the error is in an article by someone who is Harvard and Oxford educated (literature at Oxford no less!) is alarming, unless it was the editor who “fixed” it for him. On the other hand, since he is a professor he probably sees apostrophes abused thousands of times each year, which may offer some excuse.


45 posted on 07/24/2013 8:13:24 AM PDT by Hieronymus ( (It is terrible to contemplate how few politicians are hanged. --G.K. Chesterton))
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To: SeekAndFind

This is a good article. Gets to the heart of the matter.


46 posted on 07/24/2013 8:13:43 AM PDT by uncitizen (Barack Obama hates white people)
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To: SeekAndFind

The Net is, alas, overrun with Punctuation and Spelling Nazis. . . (sigh)

Detroit went Galt 30 years ago: we’re only being ALLOWED to notice it now. . .


47 posted on 07/24/2013 8:16:09 AM PDT by Salgak (http://catalogoftehburningstoopid.blogspot.com 100% all-natural snark !)
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To: Windflier

All true, but if we did this on every thread - there would be no room to discuss anything else.


48 posted on 07/24/2013 8:16:36 AM PDT by GeronL
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To: Windflier
"For myself, I appreciate it when someone points out an error that I've made

I very much agree with you, with the minor exception of silly spelling errors. I always try to thank the person correcting my poor grammar or an incorrect fact. We all know the subject of this article (the judge whos' name I can not recall) is a idiot. But how many of us know the correct use of an apostrophe?

49 posted on 07/24/2013 8:18:12 AM PDT by jpsb (Believe nothing until it has been offically denied)
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To: dinodino

It’s good that you focused on the real substance of this story, rather than dwelling upon the more arcane matter of the article’s punctuation.


50 posted on 07/24/2013 8:18:16 AM PDT by Mr. Lucky
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