ECOtality Files for Bankruptcy

ECOtality was awarded $115 million in stimulus funds
ECOtality charging station / AP

Taxpayer-backed green energy company ECOtality filed for chapter 11 bankruptcy protection on Monday following weeks of turmoil in which the company laid off employees and ceased filling orders for its electric vehicle charging stations.

Riding the Motor City Struggle Bus

From the Archives: Bankruptcy? Don't tell that to the people of Detroit
Detroit, Mich. / AP

DETROIT — I came to Detroit expecting a wasteland. Instead, I met a bunch of nice people and ate hot dogs.

Detroit Bankruptcy Could Flood Obamacare Exchanges, Increasing Costs

Cities dumping their retirees onto exchanges could hurt insurance exchanges’ viability

The retirees that cities like Detroit are trying to push into Obamacare’s health insurance exchanges could drive up the premiums in the exchanges and swell costs to the federal government, experts say.

Sunday Show Roundup

Detroit files for bankruptcy, as speculation grows over the possibility of a federal bailout
George Stephanopoulos, Dave Bing

After becoming the largest city to file for bankruptcy, Detroit Mayor Dave Bing (D) said his city will bounce back and that many other urban cities are facing similar woes. Additionally, the mayor left open the possibility of a federal bailout.

Here Comes the Hammer

Legendary Keynesian To Address Conference Of Mayors
M.C. Hammer / AP

The Washington Post reports that M.C. Hammer (aka Stanley Burrell) will address this month’s meeting of the U.S. Conference of Mayors in Washington, D.C. on Jan. 17.