Here’s another peek into the Detroit’s dysfunction: It turns out that earlier this year the city lost a million-dollar check.
The school system sent the check to the city. It got put in a drawer at City Hall. And didn’t turn up for a month.
They didn’t wire the money because Detroit doesn’t have the technology to do that. Its financial systems are about 30 years out of date.
We’re here to help you navigate this changed world and economy.
Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.
In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.
Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.