Here, looking at the sad similarities between Regina and Detroit, and noting that the crucial step we should take to avoid the latter's humanitarian tragedy is to fund our commitments to workers and residents while we have the means to do so.
For further reading...
- Tom McKay and Wallace Turbeville each discuss how the decision to run Detroit under corporate principles made a bad financial situation far worse.
- Jon Swaine reports on the recent move to shut off water for up to 100,000 residents. Monica Davey writes about the vote to slash already-meager pensions. And Dominic Rushe reports on the city's new arena costs, while Bill Bradley highlights the absurdity of a bankrupt city nonetheless finding a way to shovel free money toward a billionaire sports team owner.
- Finally, CBC reports on the threatened termination of the City of Regina's pension plan. And the Leader-Post weighs in on the need to actually address the issue - though its contrast between workers and beneficiaries and the "longsuffering taxpayer" (who was apparently supposed to fund a new stadium without having that suffering taken into account) seems to me to signal the wrong desired outcome.