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 …

Trainwreck: The Metro-North commuter train that derailed Sunday entered a dangerous curve at 82 mph rather than 30, NTSB investigators said. The information came from the train’s black box. Investigators also said the train’s throttle was fully engaged until six …

 Trouble With the Curve: Investigators have recovered the black box from the New York commuter train that crashed yesterday and will be focusing on how fast the train was going when it hit a tight curve. It should have been …