DETROIT (WXYZ) - Yes, that is the Renaissance Center you see on the cover of next week's TIME Magazine. "Is your city next," asks the headline on the magazine's cover.
The TIME piece begins with the words, "The lights have gone out in Detroit, literally."
Writer Rana Foroohar writes, "America’s cities desperately need a wake-up call to fix their finances."
The article makes the argument that Detroit's pain could help other U.S. cities recognize and react to their own financial problems before they become so drastic as to require a bankruptcy filing.
This issue of TIME hits stores on Friday.
You can read the full article here: http://www.time.com/time/magazine/article/0,9171,2148171,00.html
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