Bankrupt: The Detroit bankruptcy could set a precedent that excuses state and local governments from pension obligations they don’t have the money to pay.  In allowing Detroit to file Chapter 9 bankruptcy yesterday, Judge Steven W. Rhodes also granted an …

World: Algerian special forces say they have re-taken that desert natural gas complex, killing 11 Islamist militants. Seven hostages are reported to have died. With 18 gunmen already reported dead, numbers remain unclear as to the total of casualties in …