VERSIONS: روسيا اليوم NOTICIAS FREEVIDEO ИНОТВ RTД RSS
breakingnews
Go to main page   USA   News   Hope of recovery for former US auto powerhouse?   Comments  
MORE ON THE STORY
16.02.2009, 17:57

Consumer costs to continue growing

Russia is the leader among eleven developed countries in rates of inflation development and final consumption expenditure, according to the Federal Agency of State Statistics Rosstat.

President Dmitry Medvedev gives TV interview to Channel One. 11.10.2009, 13:00 4 comments

Russia has “unacceptably high” levels of poverty – Medvedev

“Crisis or no crisis”, Russia’s budget must continue to fund social programs until acceptable standards of living are achieved, President Dmitry Medvedev said during an interview with Russia’s Channel One.

16.09.2009, 15:38 1 comment

From Lada the Car to Winnie the Pooh

Employees from AvtoVAZ – Russia’s biggest car company from Central Russia’s city of Togliatti – might soon be demoted to making toys, rather than cars, in an attempt to pull through the economic crisis.

05.10.2009, 16:52

US economy: “living on borrowed time”

US economist and author Max Wolf says the American economy is a ticking time bomb, and there is no telling when it will go off. RT caught up with him in New York to talk about the subject in more detail.

07.07.2010, 03:59 6 comments

Is the sun setting on the US empire?

Washington, DC, with its monuments, resembles the heart of ancient Rome. Is the American empire facing the fate of its ancient predecessor?

21.05.2010, 16:13 5 comments

What is really delaying global economic growth?

An overemphasis on US-China relations is not the only misleading focus detracting from the root of the problem surrounding the worldwide economy and impairing the track for sustained global recovery.

08.09.2009, 17:11

US “is not in line with the needs of the world economy”

“In our report, we highlight the importance of the reform of the international monetary and financial systems, including the role of the IMF and the exchange rate system,” says Detlef Kotte, an economist at UNCTAD.

20.02.2009, 19:55

“Living within means"

In the current situation it is difficult to satisfy financial needs of both the financial and non-financial sectors of the economy, so cutting expenses is the only answer to the crisis.

Republic of Korea, Seoul: A Lehman Brothers official talks over the phone in his office in Seoul on September 16, 2008. (AFP  Photo / Byun Yeong-Wook) 16.09.2010, 02:52 1 comment

US marks two years since Lehman Brothers collapse

It’s the anniversary of the largest bankruptcy is US history. Lehman Brothers, holding $600 billion dollars in assets, fell to its knees and became the tipping point for the financial crisis.

26.09.2009, 14:53

Russia’s largest carmaker to lay off 27,000 workers

Russia’s Avtovaz says more than 27,000 jobs are to go due to plunging demand. It’s a severe blow for workers at the company, the largest employer in the city of Togliatti in the Samara region.

Hope of recovery for former US auto powerhouse?

Published: 18 June, 2010, 09:51
Edited: 19 June, 2010, 06:10


Detroit

Detroit used to be one of America's premier auto manufacturers, but with the demise of its carmakers, Detroit’s residents are facing rising unemployment and crime in a city which has become a shell of its former self.

 
2 COMMENTS
Chandrakanth Natekar December 24, 2009, 05:12 quote
0

My kind request to all those persons who saw this video must also see the below video of RT. It will help you understand the heartbeat of Karl Marx and his eternal vision related to the commune way of living. http://rt.com/Top_News/2009-12-14/us-american-communist-community.html?fullstory

DC June 19, 2010, 02:58 quote
0

I live near Detroit, and have for over 40 years. It has been in bad shape my entire life. The auto industry hasn't helped it, but the real problem in Detroit is one of race and money leaving the city in the 1960's. Honestly, many white people with money got out of the city as soon as African Americans started moving into it. This was around World War 2, and the "white flight" as we call it started. We (white people) tended to migrate north and west, but not really south of the city. In fact, I live in a city that is as remote to your images of Detroit as a Siberian island is to St. Petersburg. From this exodus, things just went downhill. This is not a racist comment - the blacks just didn't have the money to keep the city up. Plus, Detroit elected Coleman Young as mayor in the 1970's and out of pride, he refused any help from white people. This didn't work. In the 1970s when the US Government was trying to develop a neutron bomb, we always said Detroit needed the opposite of this bomb: one that would destroy buildings, but keep the people alive. We also joked that the USSR would never bomb Detroit, because it was already in bad shape. There are signs of hope in Detroit - the downtown isn't all that bad. But, I know nobody I know will go down there, except for baseball and football games (we have no choice if we want to watch our pro teams). But, when Americans want a good feeling for what Berlin looked like in 1945, we just go to Detroit, if we dare.

POST COMMENT

By posting your comment, you agree to abide by our posting rules


CAPTCHA image