Hints and tips:
...At south London’s M Manze, separate from the similarly named Islington establishment, owner Rick Poole is planning for the next generation by bringing daughter Emma and son-in-law Tom Harrington into the...
...; and Kevyn Orr, a bankruptcy lawyer who recently served as emergency manager of the city....
...And Mr Orr’s appointment as emergency manager by Michigan governor Rick Snyder last March still faces vehement opposition from some city policy makers, who resent state meddling....
...Mr Orr is expected to present his plan for restructuring in the coming weeks....
...Michigan Governor Rick Snyder declared Detroit in a state of fiscal emergency last March, and appointed Mr Orr to oversee its finances....
...Many players in the municipal market had expected Mr Orr to be more sympathetic to them, given his former life as a lawyer with Jones Day....
...Speaking with the FT's chief investment correspondent Henny Sender in New York City, Michigan governor Rick Synder and Detroit's emergency manager Kevyn Orr say that despite severe deficits, they hope the...
...The high profile of Mr Orr, an African-American, has helped sell a message which would have been much less palatable coming solely from the Republican governor, Rick Snyder....
...Rick Snyder, the Republican governor, who faces re-election next year, has little political incentive to put money into heavily Democratic Detroit, another factor behind the bankruptcy announcement....
...Mr Orr announced this month that active and retired workers would have their health insurance slashed from January....
...Since filing for bankruptcy, Mr Orr has taken a hard line with creditors ....
...In March, Rick Snyder, governor of Michigan, declared a state of fiscal emergency in the city and appointed Mr Orr, a restructuring specialist with the law firm Jones Day, to manage its finances....
...With the appointment of an emergency manager at the behest of Governor Rick Snyder, Detroit will begin negotiations with creditors including bondholders and workers, both retired and active, over their pension...
...“This is part of investing in Detroit’s future,” says Rick Snyder, the Michigan governor, who has also approved state help for the stadium....
...Kevyn Orr, the African-American bankruptcy lawyer entrusted with the task, has about 18 months to return Detroit to solvency....
...… S Africa push Credit Suisse is tapping in to the network of Rick Menell, a member of one of South Africa’s old mining families, as it tries to build its business there....
...The ORR also questioned the bonus awards....
...At one point, Rick Schifter of TPG bumped Lasry out of bounds. The whistle blew. Both men laughed....
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