A corporate-controlled group, the Citizens Research Council of Michigan, has released a study demanding the city of Detroit enact sweeping cuts to social services and the jobs, wages, and benefits of municipal employees. These measures may have to be implemented, the report argues, through an emergency financial situation such as bankruptcy...The study also quantifies some of the devastating social conditions that prevail in Detroit, including data related to unemployment and housing...
The purpose of the report is not to call for increased funding to confront the social crisis in America’s 11th largest city. Just the opposite. The study demands savage reductions to social spending, cuts to the jobs and pensions of city workers, the forced relocation of residents, and a new round of privatization of city assets.
The Citizens Research Council is hardly a disinterested party—nor does it comprise mere “citizens.” Populating its 90-plus-member Board of Directors and Board of Trustees are representatives of Michigan corporate interests, among them all the major banks that operate in the state.
The group’s treasurer is Nick A. Khouri, who is also the treasurer and vice president for regional energy giant DTE (formerly Detroit Edison):
http://en.wikipedia.org/wiki/DTE_EnergyKhouri is described as “responsible for all
banking and investment banking relationships, cash management, corporate finance, enterprise risk management, pension investments, and corporate planning and development.”
http://www.wsws.org/articles/2010/apr2010/detr-a09.shtml
"Their recommendations, should they be carried out, would reduce Detroit to the status of an internal colony in all but name."