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>> NEW YORK CITY Latest News

JUL 20, 2013 - MSNBC

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Detroit bankruptcy could hit millions of retirees

With its bankruptcy filing, the city of Detroit has entered uncharted territory. It's a dark place that no major U.S. city has ever gone — but that could change. "Detroit is not unique. It’s the same in Chicago and New York and San Diego and San Jose," said one economist. "They may not be as extreme as Detroit, but a lot of them face the same problems.”

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