LEXINGTON, Mich. (AP) — Carol Connell remembers well the gift she gave Sara Ylen, a friend seemingly forced to bear too much misery. Ylen, a Michigan mother of two young boys, said she was battling cancer just a few years after a man was convicted of her rape.
NEW YORK (Reuters) - Consumer sentiment rebounded in early May to the highest level in nearly six years as Americans felt better about their financial and economic prospects, particularly among upper-income households, a survey released on Friday showed. The Thomson Reuters/University of Michigan's preliminary reading on the overall index on consumer sentiment rose to 83.7 from 76.4 in April, topping economists' expectations for 78. It was the highest level since July 2007. The barometer of current economic conditions jumped to 97.5 from 89. ...
By Steve Neavling DETROIT (Reuters) - The city of Detroit hired its fifth police chief in five years as Michigan's largest city grapples with a financial crisis, low officer morale and one of the highest violent crime and homicide rates in the United States. Mayor Dave Bing and Emergency Manager Kevyn Orr, who was appointed by the state in March to overhaul the city's debt-riddled finances, announced the appointment of James Craig as Detroit's new police chief on Wednesday. ...
By Nick Carey and Steve Neavling (Reuters) - Michigan's biggest city is "clearly insolvent" and needs to restructure its debt and renegotiate its labor contracts to address its problems, Detroit's emergency financial manager said on Monday. Emergency Financial Manager Kevyn Orr in a report issued online presented a sweeping review of Detroit's problems, from gaping budget deficits to a crushing debt load to abandoned homes and broken streetlights. Orr, a corporate bankruptcy expert, said he still believes he can fix Detroit finances without filing for bankruptcy. ...
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