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Detroit, a former manufacturing powerhouse and cradle of theU.S. automotive industry and Motown music, has struggled fordecades as companies moved or closed, crime became rampant andits population shriveled by almost two-thirds since the 1950s toabout 700,000 at present. The city's revenue failed to keep pacewith spending, leading to years of budget deficits and adependence on borrowing to stay afloat.
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