Nick Carey: Industrial Powerhouse

industrial powerhouse: DETROIT - Detroit's bankruptcy filing last Thursday - the largest in American municipal history - completed a six-decade slide for a one-time industrial powerhouse. Today the city bears an uncomfortable resemblance to a failed state: unable to light or police the streets, educate children, stop arson, or provide emergency care to the dying, according to Reuters. Amid the ruins of a city that has lost nearly two-thirds of its population since the peak of 1.8 million in 1950, a younger generation with no recollection of Detroit's glory days is settling into condos and lofts in the downtown and midtown areas. Here, say local optimists, lies potential hope and By Nick Carey and Paul Lienert There is, however, a mini-renaissance occurring in the downtown core. It is here that Detroit might just be carving out a new identity, this one driven not by cars but by computers. The Internet-focused businesses springing up have attracted thousands of young, well-educated, tech-savvy "urban pioneers." (www.immigrantscanada.com). As reported in the news.