Portside

President Obama recently paid tribute to South Africa's anti-apartheid leader – we need to bring Mandela's example home

Trayvon Martin, National Organization of Women, inequality, Lawrence Summers

"We have moved on from the verdict. Of course we're hurting of course we're shocked and disappointed, but that just means we have to roll up our sleeves and continue to fight."

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.