LYCOS RETRIEVER 
Metro Detroit
built 650 days ago
Metro Detroit suburbs are among the most affluent in the nation.[22] Lifestyles for rising professionals in Detroit reflect those of other major cities. This dynamic is luring many younger professionals to the downtown.[23] Luxury high rises such as the three Riverfront Towers have views of Hart Plaza and Canada. Examples abound with developments in the city's New Center area. The Westin Book-Cadillac Hotel will include a number of luxury condos. The east river development plans include even more luxury condominium developments. A desire to be closer to the urban scene has attracted young professionals to take up residence among the mansions of Grosse Pointe just outside the city.
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The Detroit metropolitan area, often referred to as Metro Detroit, is the metropolitan area located in southeastern Michigan, centered on the city of Detroit. As the home of the "Big Three" American automakers (General Motors, Ford, and Chrysler), it is the world's traditional automotive center and a key pillar of the U.S. economy.
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Metro Detroit spawned a high-energy rock scene in the late 1960s and 1970s centered around the Grande Ballroom with artists like Alice Cooper, Ted Nugent, Mitch Ryder, Rare Earth, Brownsville Station, Glenn Frey and Bob Seger. The group KISS captured the essence of Detroit's love for rock music in the song "Detroit Rock City." This rock scene is considered one of the precursors of the punk rock movement, with the MC5 and Iggy Pop's various projects (including The Stooges) being some of the foremost proto-punk bands.
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Metro Detroit shared in the economic difficulties brought on by the severe stock market decline following the September 11, 2001 attacks which had caused a pension and benefit fund crisis for American companies including General Motors, Ford, and DaimlerChrysler. The American auto companies are proving to be more resilient than other affected industries as each implements its respective turnaround plan. Although retiree health care costs remain a significant issue, General Motors' investment strategy has generated a $17.1 billion pension fund surplus, an increase of $9.6 billion in 2006, moving the company closer to achieving its turnaround plans.[9]
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DETROIT-In a recent editorial, The Detroit News proposed privatization as a viable solution to the "cronyism" and "contract irregularities" at Detroit Metro Airport. The newspaper said that the main short-term goal is to lift Metro Airport out of Wayne County politics by giving a watchdog committee significant input into airport policy. The committee would be more than an advisory group, especially concerning contracts and spending.
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