DETROIT NEWS, NYT (USA), LE MONDE (France), O GLOBO (Brazil)
DETROIT - From Kalamazoo, Michigan to Paris, France, news of Detroit's bankruptcy -- the largest municipal financial default filing in American history -- was making headlines far and wide and close to home on Friday.
"Detroit, the cradle of America’s automobile industry and once the nation’s fourth-most-populous city, filed for bankruptcy on Thursday, the largest American city ever to take such a course," wrote the New York Times.
The leading local dailies in and around Detroit mixed resignation with a search for hope -- and a "fresh start."
Meanwhile, leading French daily Le Monde, like other news outlets around the world, was giving the story ample coverage, focusing on what it says about the automobile industry, the overall health of the U.S. economy and the ever deepening gap between rich and poor.
The bankruptcy filing, Le Monde writes, is "the last act in the slow agony of the Motor City." Here are some front pages...