Posts by Wallace Turbeville

The water war in Detroit has taken a new turn. The emergency manager (the virtual city dictator appointed by the governor) shut off thousands of customers of the Detroit Water and Sewerage Department...
July 29, 2014 | Wallace Turbeville
As fourth anniversary of the enactment of the Dodd Frank financial reform legislation passes, we are once again revisiting whether “too-big-to-fail” is in our past. The perennial discussion has...
July 22, 2014 | Wallace Turbeville
Once again, Detroit’s tragic circumstances provide a window on the state houses and governors that were captured by right wing ideologues in the 2010 elections and are now at odds with urban (read “...
July 16, 2014 | Wallace Turbeville
Citibank settled the Justice Department’s mortgage market investigation yesterday, agreeing to pay $4 billion in civil penalties, $500 million in penalties to various states and $2.5 billion in “soft...
July 15, 2014 | Wallace Turbeville
Income and wealth disparity has emerged as a critical economic and political issue for the US. At its core, it is a discussion of how we measure whether the economy is increasing or decreasing the...
June 6, 2014 | Wallace Turbeville
In recent days the Detroit Water and Sewerage Department, often working through independent contractors, has started cutting off service to up to 120,000 delinquent citizens, while giving a pass to...
June 2, 2014 | Wallace Turbeville
It seems every day that a well-regarded economist is telling us that the US economy is in dire straits. Larry Summers has warned that we are entering a period of “secular stagnation.” This is a...
May 14, 2014 | Wallace Turbeville
It is indeed remarkable that the Detroit’s Emergency Manager Kevyn Orr has agreed that existing pensioners can receive virtually all of their retirement benefits in a startling settlement proposal....
April 16, 2014 | Wallace Turbeville