For Detroit, New Stage in Its Race to Recover - NYTimes.com
▻http://www.nytimes.com/2014/02/24/us/for-detroit-new-stage-in-its-race-to-recover.html?nl=todaysheadlines&emc=ed
DETROIT — Labor union leaders said they hated it. Financial creditors said it was lopsided against them. Some community leaders said it favored the banks over ordinary people. And at least one pension fund official called it premature and draconian.
And yet, for all of the discord over a proposal that leaders of this bankrupt city laid out last week for paying off only portions of the city’s $18 billion debt to creditors while committing to a costly makeover of its miserable municipal services, Detroit now moves into a pivotal period where change is being promised at a pace rarely seen in any city, and where deadlines, one after the next, are pressing.