by Michael Lombardi, Profit Confidential:
I’m going to put aside my daily ranting about the stock market and the economy today to bring what I believe is an important story to the attention of my readers.
There is no doubt you’ve heard about how poorly the city of Detroit, Michigan is faring now that the automotive sector has all but closed up there.
Yesterday, news came that the city has started cutting off water to about 150,000 people. About half of the city’s 324,000 water customers are delinquent on paying their water bill, so the city is turning off their taps. (Source: Financial Post, June 24, 2014.)
In protest, residents are appealing to the United Nations High Commissioner for Human Rights, saying their human right to water has been denied. (Unfortunately, the right of access to water is not in our Constitution or our Charter of Rights.)
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