Sunday, January 10, 2010

Moratorium NOW! to Host a "Corporate Devastation" Tour Outside International Auto Show in Detroit, Jan. 11, Noon

For Immediate Release

Event: Corporate Devastation Tour and Press Briefing, Mon., Jan. 11, Noon
Location: Gather Outside the Auto Show at Cobo Center, Noon
Sponsors: Moratorium NOW! Coalition to Stop Foreclosures, Evictions & Utility Shut-offs
Contact: 313.671.3715; 313.887.4344
E-mail: ac6123@wayne.edu
URL: http://www.moratorium-mi.org

Moratorium NOW! Offers Corporate Devastation Tour to Leading Members of the Media and Government From Throughout the Country and the World--The Drive Around Detroit Will Illustrate the Social Impact of the Economic Policies of the Automotive, Banking and Insurance Industries on the City of Detroit

The Moratorium NOW! Coalition to Stop Foreclosures, Evictions and Utility Shut-offs welcomes the national and international guests who are in the city for the annual International Auto Show held at Cobo Conference Center. While the sponsors of the Auto Show will present one side of the city, our organization is providing an opportunity for the national and world communities to witness firsthand the degree of downsizing, de-industrialization and the consequent unemployment and poverty which has been the result of decades of corporate policies that have devastated working people and the poor.

Detroit has the highest unemployment rate in the nation (44.8 percent) stemming from decades of lay-offs in the auto industry, predatory lending by the financial institutions and redlining by the insurance companies and bond-rating agencies.

The Moratorium Now! Coalition to Stop Foreclosures, Evictions and Utility Shut-offs is demanding a halt to home seizures and the termination of heating and electrical services for households throughout the city of Detroit and the state of Michigan. We are insisting that the federal government institute a real jobs program to provide employment and decent incomes for tens of millions of unemployed workers and those living in poverty.

Join us beginning at Noon outside Cobo Conference Center for a press conference and then corporate devastation tour through neighborhoods as well as blighted commercial and industrial areas of the city.

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