Michigan takes over Detroit finances

http://www.aljazeera.com/news/americas/2013/03/201331515557884266.html
          After a long economic downturn for the city of Detroit, Michigan the governor has chosen an emergency financial manager for Detroit, finalizing a state takeover of the city's finances. The latest move in Detroit's struggle to turn the city's financial troubles around and prevent the biggest bankruptcy in the United States history. Kevyn Orr, who is a bankruptcy expert and has been active in the restructuring of Michigan-based car maker Chrysler has been put in control of the whole city's expenses and spending. Ever since the downturn of the automotive industry in the unites states, Detroit which is the home to the big three and a historically  prosperous economy has been struggling to keep afloat and fight poverty as the rate of unemployment has increased to to changes in sectors.