Here are some links that helped me to grok the situtation in Detroit.

http://www.freep.com/article/20130615/NEWS01/306150012/Kevyn-Orr-Detroit-debts-unions

http://www.municipalinsider.com/investors-in-detroit-municipal-bonds-are-nervous/

http://en.wikipedia.org/wiki/Iggy_Pop

http://en.wikipedia.org/wiki/Elmore_Leonard

If you want to see some amazing images captured in Detroit, go here:

http://www.flickr.com/photos/detroitderek/

WOW!

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