Jobs in that industry are going here too. The decline in the
automobile industry was happening even before with soaring petrol costs.
The American banks have slyly sold on a lot of their debts to
international banks, including Australia, which has greater
regulation so there's fury here. I am hearing fewer US DJs are likely
to be booked here because of the exchange rate dropping. I am hoping
that in the US any recession which would affect Detroit will be
offset by the positives of an admin change. I imagine that Obama will
cut international aid and militarisation to fund any of the programs
he touted pre election, especially in health, but how he's gonna do
it with the mess he's inherited is beyond me!
On 13/11/2008, at 1:37 AM, kent williams wrote:
I got to talk briefly with Terrence Parker when he played here
Halloween night, and when I asked him about how things were in
Detroit, he didn't talk about music or musicians -- he talked about
the problems with the automotive industry.
Now without getting into an off topic discussion on the economy, how
is this going to affect the city? At this point, I don't know how
much worse things could get, after all the body blows Detroit has
taken in the past 40 years. But my love for the place makes me
wonder how the place can go on if American automakers significantly
downsize or outright fail.
As it relates to music, all but the most successful musicians in
Detroit have day jobs, and if the economy gets any worse, they're
going to have to leave to survive ...
