A federal judge declared Tuesday that Detroit is eligible for bankruptcy protection, giving a green light to the nation’s largest municipal bankruptcy filing in history.
The contentious dispute pits the city’s finance officials against its unions, creditors and retirees, ahead of what are expected to be steep cuts in pensions, as well as fire sales of treasured city assets.
Would you spend $100,000 for Frodo Baggins’ sword? Lord of the Rings memorabilia could bring in $1 million at auction.
Happy Thanksgiving! What are you thankful for in the financial world? #WhyImThankful
Feeling blue? Hire a professional cuddler.
Could this be the world’s most expensive book? A psalm book printed by the U.S.’s first settlers in 1640 could fetch a record $30 million at auction.
All day, we’ve been riveted by “Bat Kid,” the San Francisco Make-A-Wish Foundation Twitter feed, and the way in which San Francisco rallied around 5 year-old Miles as his wish came true. CNBC’s Jane Wells shares how today’s events have restored her faith in humanity.
“BATKID” RESTORES FAITH IN HUMANITY
The Obamacare rollout has been a disaster and the government shutdown by House Republicans backfired.
The recovery is slow, China may beat us back to the moon, and federal taxes are about to top $3 trillion for the first time ever.
I’ll worry about that tomorrow. Today I’m glued to my computer screen watching thousands of strangers volunteer to help make one kid with cancer a super hero.
Today in San Francisco, a five-year-old cancer patient named Miles has gone from mild mannered boy by day to super hero by… well…today. Through the Make-a-Wish Foundation, Miles’ dream of becoming Batman has come true. All over the City by the Bay, renamed Gotham, Miles, renamed “Batkid,” has been going after bad guys like the Riddler and Penguin, he’s freed damsels in distress, he took a ride in the Batmobile.
It’s been awesome. It’s restored my faith in humanity.
Local TV is broadcasting live coverage of Batkid’s exploits, and the San Francisco Chronicle worked up a special front page. Several videos were compiled on Vine, like one of him “capturing” The Riddler, and #SFBatKid lit up Twitter. His little brother even got a cameo as Robin.
Everyone from President Obama to, well, everyone, seems mesmerized by the daylong event.
Sure, taxpayers may have been inconvenienced with some traffic delays, and I bet this is costing the police department a few bucks. Yes, I know, there are bigger problems in the world, bigger problems in America, which warrant our attention. If you want to get angry, go ahead. I will not join you.
Instead, if an entire community can devote a day to having some fun and making a little boy who’s suffered so much so happy, I’m in.
More than $691 million worth of art sold at Christie’s last night, including Francis Bacon’s painting “Three Studies of Lucian Freud,” which became the most expensive work of art ever sold at auction, fetching $142.4 million.