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New hopes and old woes as Detroit exits bankruptcy
Work is in progress to restore the US city, but problems like crimes and a reduced population remain
Published Sun, Jan 4, 2015 · 09:50 PM
Detroit
AFTER the largest municipal bankruptcy in US history, Detroit hopes outsiders see its potential and not its history of racial conflict, financial crisis and dramatic population loss.
The city, founded as a small French fort on the Detroit River that grew to be a hub of the global auto industry, emerged from bankruptcy last month after shedding almost US$7 billion of its roughly US$18 billion debt.
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