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Can paying recent graduates to work and play in Detroit infuse the city with extra creativity? Challenge Detroit is banking on it. "You never want a serious crisis to go to waste," President Obama's then chief of staff Rahm Emanuel is reported to have said of the 2008 meltdown of the financial sector.

Friday, August 05 It's been 20 years since fans flocked to Chicago for the first Lollapalooza music festival to catch a glimpse of Ice-T and the Violent Femmes. After struggling in the late '90s as bands lost interest in festivals, Lolla's now stronger than ever thanks to a sturdy partnership with the city's park district.