EFTA02133528

To: Lesley Groff From: Ike Groff Sent Mon 7/22/2013 11:45:05 AM Subject: RE: Jul 22nd tidbits & quotes No very bad From: Lesley Groff [mak° Sent: Monday, July 22, 2013 7:45 AM To: Ike Groff Subject: Fwd: Jul 22nd tidbits & quotes Wow. Not good. Sent from my iPhone Begin forwarded message: From: Will Ford Date: July 22, 2013, 7:38:49 AM EDT To: undisclosed-recipients:; Subject: Jul 22nd tidbits & quotes Labor omnia vincit is a Latin phrase meaning "Work conquers aIr. htto://en.wikipedia.orq/wiki/Labor omnia vincit littp://www.zerohedge.cominen s/2013-07-21/25-facts-ahout-fall-detroit-m ill- leave-vou-shaking-your-head I) At this point, the city of Detroit owes money to more than 100,000 creditors. 2) Detroit is facing $20 billion in debt and unfunded liabilities. That breaks down to more than $25,000 per resident. 3) Back in 1960, the city of Detroit actually had the highest per-capita income in the entire nation. EFTA_R1_00780035 EFTA02133528 4) In 1950, there were about 296,000 manufacturing jobs in Detroit. Today, there are less than 27,000. 5) Between December 2000 and December 2010, 48 percent of the manufacturing jobs in the state of Michigan were lost. 6) There are lots of houses available for sale in Detroit right now for $500 or less. 7) At this point, there are approximately 78,000 abandoned homes in the city. 8) About one-third of Detroit's 140 square miles is either vacant or derelict. 9) An astounding 47 percent of the residents of the city of Detroit are functionally illiterate. 10) Less than half of the residents of Detroit over the age of 16 arc working at this point. I I) If you can believe it, 60 percent of all children in the city of Detroit are living in poverty. 12) Detroit was once the fourth-largest city in the United States, but over the past 60 years the population of Detroit has fallen by 63 percent. 13) The city of Detroit is now very heavily dependent on the tax revenue it pulls in from the casinos in the city. Right now, Detroit is bringing in about 11 million dollars a month in tax revenue from the casinos. EFTA_R1_00780036 EFTA02133529 14) There are 70 "Superfund" hazardous waste sites in Detroit. 15) 40 percent of the street lights do not work. 16) Only about a third of the ambulances are running. 17) Some ambulances in the city of Detroit have been used for so long that they have more than 250,000 miles on them. 18) Two-thirds of the parks in the city of Detroit have been permanently closed down since 2008. 19) The size of the police force in Detroit has been cut by about 40 percent over the past decade. 20) When you call the police in Detroit, it takes them an average of 58 minutes to respond. 21) Due to budget cutbacks, most police stations in Detroit are now closed to the public for 16 hours a day. 22) The violent crime rate in Detroit is five times higher than the national average. 23) The murder rate in Detroit is 11 times higher than it is in New York City. 24) Today, police solve less than 10 percent of the crimes that are committed in Detroit. EFTA_R1_00780037 EFTA02133530 25) Crime has gotten so bad in Detroit that even the police arc telling people to "enter Detroit at your own risk". This email and any files transmitted with it are confidential and intended only for the person or entity to which it is addressed. If you are not the intended recipient, you are hereby notified that any dissemination, distribution or copying of this e-mail and any attachment(s) is strictly prohibited. If you have received this email in error please immediately notify the sender at 203-302-7300 or by replying to this e-mail and delete the e-mail and any attachment(s) from your system. Nothing herein shall be construed as a financial promotion to any person or persons, or a solicitation or recommendation to buy or sell any security or other investment or to engage in any trading strategy. Information presented is from sources believed to be reliable, but is not guaranteed to be accurate or complete. This information should not be taken as an offer nor as a solicitation of an offer to buy or sell securities or other financial instruments. Email transmission cannot be guaranteed to be secure, timely or error free. Tourmaline Partners, LLC may review and store both incoming and outgoing messages. Use by other than the intended recipients is prohibited. EFTA_R1_00780038 EFTA02133531