Wednesday, January 23, 2013
Fault Lines - Collapsing auto industry in Detroit
As the US auto-industry continues to teeter on the verge of collapse, Fault Lines visits Detroit - Motor City - which, understandably, is one of the hardest hit places by the downturn.
But this is not the first time the Michigan city has faced hardship. Even before the financial crisis exploded, Detroit had the highest home foreclosure rate in the country. It also has highest unemployment rate of any major US city and in the auto sector alone, one in three jobs has vanished since the recession began.
In Washington, president Barack Obama's auto task force is re-engineering the fates of General Motors and Chrysler, and the millions of people who depend on their survival.
Avi Lewis meets the people who live with the consequences of the deals struck in the nation's capital.
Posted by The Progressive Rambler at 10:51 AM