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Detroit Bankruptcy Takes Aim at Pensions

The bankruptcy will enable an appointed judge to impose further cuts to city expenses and to void union contracts. A prime target for cost-cutting is the pensions owed to 21,000 city retirees and 9,000 active workers.

Judy Collins -- Both Sides Now

A good song for a time that needs reflection. Judy Collins (1969 -- Clouds album) sings Joni Mitchell's classic. (Both Sides Now was also the closing song for the season finale of Mad Men.)