Auditor: City of Detroit may go broke
This keeps things in perspective, doesn't it? In other news, Detroit Mayor Kwame Kilpatrick appeared in public recently without his diamond ear stud.

With a dwindling tax base, a recalcitrant union work force, and pension and health care benefits it cannot afford, Detroit is running out of money and will not be able to pay its bills if major changes aren't made, according to a report released Thursday by Detroit Auditor General Joe Harris. "The truth is that Detroit's treasury is hemorrhaging," said Harris, whose 10-year term as an independent city auditor appointed by the City Council ends in November. "Insolvency is certain. The only question is the timing."