10 years since bankruptcy, Detroit’s finances are better but city workers and retirees feel burned
DETROIT (AP) — Mike Berent has spent more than 27 years rushing into burning houses in Detroit, pulling people to safety and ensuring his fellow firefighters get out alive.
But as the 52-year-old Detroit Fire Department lieutenant approaches mandatory retirement at age 60, he says one thing is clear: He will need to keep working to make ends meet.
“I’m trying to put as much money away as I can,” said Berent, who also works in sales. “A second job affords you to have a little bit of extra.”
Detroit officials say a man has survived a 150-foot plunge into…
CIBC beats estimates, raises dividends
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Canadian banking profit grows 28%
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Published May 25, 2023 • Last updated May 26, 2023 • 2 minute read
CIBC beat expectations in the second quarter and raised its dividend. Photo by National Post
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Canadian Imperial Bank of Commerce beat expectations in the second quarter and raised its dividend, despite putting aside more funds for potential credit losses.
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