Tag: Steven Rhodes

Detroit schools get FIFTH Emergency Manager, another overseer with ZERO background in education

Detroit schools get FIFTH Emergency Manager, another overseer with ZERO background in education

On Monday of this week, Gov. Rick Snyder formally appointed bankruptcy judge Steven Rhodes to be the fifth Emergency Manager for Detroit Public Schools (DPS). DPS got their first Emergency Manager (they were called Emergency Financial Managers back then) in 2009 when Robert Bobb was appointed by former governor Jennifer Granholm. The year before Bobb took over, DPS had a […]

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Judge Steven Rhodes: Legal challenge to Michigan’s Emergency Manager law can continue but Detroit EM Kevyn Orr is safe

Judge Steven Rhodes: Legal challenge to Michigan’s Emergency Manager law can continue but Detroit EM Kevyn Orr is safe

Let’s find out if it is, indeed, a legal law Federal bankruptcy judge Steven Rhodes determined today that a lawsuit challenging the constitutionality of Michigan’s anti-democratic Emergency Manager law – Public Act 436 – can move forward. The case is being handled in another federal court. In his ruling (pdf) denying a request to stay the case, Judge Rhodes said: […]

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UPDATED: Bankruptcy judge does Detroiters a solid, says Emergency Manager’s debt swap deal is “too generous” to banks

UPDATED: Bankruptcy judge does Detroiters a solid, says Emergency Manager’s debt swap deal is “too generous” to banks

Please, sir, may I have some more? [Photo by Chris Savage | Eclectablog] Steven Rhodes, the federal judge overseeing Detroit’s Chapter 9 bankruptcy, halted discussions on Emergency Manager Kevyn Orr’s plan to borrow $350 from Barclay’s bank to retire some terribly negotiated debt swaps, effectively moving banks to the head of the line in the bankruptcy proceedings. In what can […]

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Detroit bankruptcy judge asks: “What gives the legislature the authority to thumb its nose at voters?”

Detroit bankruptcy judge asks: “What gives the legislature the authority to thumb its nose at voters?”

Why indeed? Graphic by Anne C. Savage, special to Eclectablog Steven Rhodes, the federal judge in charge of determining whether Detroit’s bankruptcy filing is legal, asked a fair question of state officials this week regarding the Republicans’ disregard for the will of the people in overturning Public Act 4, Michigan’s Emergency Manager law. The law was overturned in the 2012 […]

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Two big questions about Detroit’s bankruptcy: Are pensions massively underfunded and who gets paid first?

Two big questions about Detroit’s bankruptcy: Are pensions massively underfunded and who gets paid first?

It’s good to be the king bank Graphic/photo by Anne C. Savage | Eclectablog There are two big questions swirling around Detroit’s bankruptcy, questions that will ultimately be decided by federal bankruptcy judge Steven Rhodes. The first is whether or not the public employee pension funds are actually underfunded by billions of dollars. Are they? As it turns out, it […]

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Federal judge halts all lawsuits to stop Detroit bankruptcy + Gov. Snyder’s brilliance in the sequence of events

Federal judge halts all lawsuits to stop Detroit bankruptcy + Gov. Snyder’s brilliance in the sequence of events

The skids are greased [Caricature by DonkeyHotey from photos by Anne C. Savage for Eclectablog] It what can only be described as a clean sweep for Governor Rick Snyder and Detroit Emergency Manager Kevyn Orr, a federal judge halted three separate lawsuits filed in state courts attempting to stop Snyder and Orr from taking Detroit through a bankruptcy. The argument […]

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