As the US economy hopes for a Black Friday kick-start, this week's article details the difficult situation in one of it's cities - Hamtramck, Michigan. Mirroring the Irish situation, it turns out that Hamtramck wants to declare bankruptcy. The attached articles provide the basic details, as well as one take on the the Michigan governor's (born in Canada, eh?) negative response to this idea. One wonders what actually happens if a city declares bankruptcy.
