The federal fingerprint in efforts to fix Detroit is growing larger as the Obama administration has found millions of dollars in grant money to help the bankrupt city hire more police and firefighters, and clear out blighted neighborhoods.

CalPERS believes it is the first U.S. pension fund to adopt specific investment beliefs to guide it over the long run.

The debate is raging from coast to coast, with recent hot spots, Rhode Island, Detroit and California, in the news.