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Dec 22, 2013
12/13
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how is it buying only products in detroit, farmers in detroit, helping detroit? i'm supplying detroit. i'm hiring people in detroit. everyone here lives in detroit. >> if i ask the same question, i say i don't [ muted ]. i'm doing it well. i'm doing anytime a place i love. and i am demonstrating that yet another person gives a [ muted ], believes in it enough to be here. >> you're 100% right. i never really thought about it until you asked that question. it's like -- to me it's just obvious. >> what will the detroit of the future look like? whatever you may think it should look like, it will probably taste like this. but she loved it so much... i told her it was homemade. everyone tells a little white lie now and then. but now she wants my recipe [ clears his throat ] [ softly ] she's right behind me isn't she? [ male announcer ] progresso. you gotta taste this soup. thanks for giving me your smile. thanks for inspiring me. thanks for showing me my potential. for teaching me not to take life so seriously. thanks for loving me and being my best friend. don't forge
how is it buying only products in detroit, farmers in detroit, helping detroit? i'm supplying detroit. i'm hiring people in detroit. everyone here lives in detroit. >> if i ask the same question, i say i don't [ muted ]. i'm doing it well. i'm doing anytime a place i love. and i am demonstrating that yet another person gives a [ muted ], believes in it enough to be here. >> you're 100% right. i never really thought about it until you asked that question. it's like -- to me it's just...
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Dec 22, 2013
12/13
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CNNW
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how is it buying only products in detroit, farmers in detroit, helping detroit? i'm supplying detroit. i'm hiring people in detroit. everyone here lives in detroit. >> if i ask the same question, i say i don't [ muted ]. i'm doing it well. i'm doing anytime a place i love. and i am demonstrating that yet another person gives a [ muted ], believes in it enough to be here. >> you're 100% right. i never really thought about it until you asked that question. it's like -- to me it's just obvious. >> what will the detroit of the future look like? whatever you may think it should look like, it will probably taste like this. >>> somewhere in this unassuming neighborhood, one can sit down for an excellent meal. but you won't find this place on yelp and unfortunately i cannot tell you where it is exactly. why not, you ask? it's not exactly a restaurant, you see. which means it's not strictly speaking legal. >> what is this place? >> pupusa house. i call it a pupusa house. >> it's a cultural thing. traditionally. they serve out of their houses. and it's just something that
how is it buying only products in detroit, farmers in detroit, helping detroit? i'm supplying detroit. i'm hiring people in detroit. everyone here lives in detroit. >> if i ask the same question, i say i don't [ muted ]. i'm doing it well. i'm doing anytime a place i love. and i am demonstrating that yet another person gives a [ muted ], believes in it enough to be here. >> you're 100% right. i never really thought about it until you asked that question. it's like -- to me it's just...
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Dec 22, 2013
12/13
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how is it buying only products in detroit, farmers in detroit, helping detroit? i'm supplying detroit. i'm hiring people in detroit. everyone here lives in detroit. >> if i ask the same question, i say i don't [ muted ]. i'm doing it well. i'm doing anytime a place i love. and i am demonstrating that yet another person gives a [ muted ], believes in it enough to be here. >> you're 100% right. i never really thought about it until you asked that question. it's like -- to me it's just obvious. >> what will the detroit of the future look like? whatever you may think it should look like, it will probably taste like this. ...are the hands that do good things for the whole community: the environment, seniors, kids, and animals. that's why we created the share the love event. by the end of this year, the total donated by subaru could reach 35 million dollars. you get a great deal on a new subaru. we'll donate 250 dollars to a choice of charities that benefit your community. it feels good to be a helping hand. ♪ how do you explain the feeling of this place? of driving
how is it buying only products in detroit, farmers in detroit, helping detroit? i'm supplying detroit. i'm hiring people in detroit. everyone here lives in detroit. >> if i ask the same question, i say i don't [ muted ]. i'm doing it well. i'm doing anytime a place i love. and i am demonstrating that yet another person gives a [ muted ], believes in it enough to be here. >> you're 100% right. i never really thought about it until you asked that question. it's like -- to me it's just...
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Dec 5, 2013
12/13
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ALJAZAM
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i under the detroit but michigan stayed out. it. detroit is michigan's responsibility as much as the governor might like to pretend otherwise. >> but do you have to do it for print, saginaw and others. >> i think you're going to see that story, i would be worried working with the cities. >> detroit is so big, how does it change the game going forward? >> well, i think certainly you have to treat detroit as it's own entity. dean mentioned that each city is different, and that's a point i would stress. many states have programs to intervene with distress before going to bankruptcy. it is an end game that no one wants to find themselves playing because it means that it's run--the city has run out of options and it really needs to renege on many of its promises. >> knowing what you do, do you think detroit could have avoided getting here? >> detroit could have avoided getting here if they had intervened earlier. no one was surprised when detroit filed for bankruptcy. the sad trust about detroit is that it's been on a long steady decline
i under the detroit but michigan stayed out. it. detroit is michigan's responsibility as much as the governor might like to pretend otherwise. >> but do you have to do it for print, saginaw and others. >> i think you're going to see that story, i would be worried working with the cities. >> detroit is so big, how does it change the game going forward? >> well, i think certainly you have to treat detroit as it's own entity. dean mentioned that each city is different, and...
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this week detroit became the largest municipal bankruptcy in u.s. history after a federal judge steven rhodes ruled that the insolvent city was eligible to file now this new ruling opens the door for the motor city to cut billions of dollars in payments to city employees for tyreese investors and other creditors earlier i spoke with anthony randolph the director of economic research at the reason foundation about the city's bankruptcy troubles and i started off by asking him if he felt the judge's decision to greenlight detroit's chapter nine bankruptcy filing was the right thing to do. i do be made the right decision clearly detroit is insolvent and so the bondholders claims that they could raise taxes to pay off the stat or even sell things their assets are there are that they would have enough money from those sales to pay off their debt and still continue forward those arguments were spirits and the idea that detroit is an insolvent is crazy for the bar for the pension ers that claim that the constitution of michigan does not allow for the city
this week detroit became the largest municipal bankruptcy in u.s. history after a federal judge steven rhodes ruled that the insolvent city was eligible to file now this new ruling opens the door for the motor city to cut billions of dollars in payments to city employees for tyreese investors and other creditors earlier i spoke with anthony randolph the director of economic research at the reason foundation about the city's bankruptcy troubles and i started off by asking him if he felt the...
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Dec 7, 2013
12/13
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left in detroit. the answer to poverty and unemployment is not another government stimulus. it's simply leaving more money in the hands of those who earned it. today i'm here to introduce something i call economic freedom zones. this is a bill that will be introduced next week in washington. these freedom zones will dramatically reduce taxes and red tape so detroit businesses can grow and thrive. freedom zones are similar to an idea jack kemp introduced a couple decades ago. kemp loved figuring out ways to empower people, real people, regardless of race or family background. he called his plan a conservative war on poverty. it's time we revisit some of these ideas of jack kemp and expand upon them. i told somebody recently, this is jack kemp's enterprise zones on steroids. the bill that i will introduce will introduce these and empower and begin these economic freedom zones. this bill will lower perm and corporate income taxes in detroit to 5%. my bill will also lower the payroll tax 2% for the employ
left in detroit. the answer to poverty and unemployment is not another government stimulus. it's simply leaving more money in the hands of those who earned it. today i'm here to introduce something i call economic freedom zones. this is a bill that will be introduced next week in washington. these freedom zones will dramatically reduce taxes and red tape so detroit businesses can grow and thrive. freedom zones are similar to an idea jack kemp introduced a couple decades ago. kemp loved figuring...
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detroit destroyed the motor city has had its fair share of ups and downs and this week's bankruptcy filing has created more questions than answers for the future of the city anthony randolph of the reason foundation helped us get through the headline letter wall rachel courteous and i paid you a picture of detroit are sick and this big deal is all coming up and it all starts right now. kicking off your headlines today fracking now it may be the reason why unusual earthquakes have been hitting northern texas in recent months researchers suggest that injecting fracking water deep into the ground may have caused the three point four magnitude earthquake in dallas this past october artie's guy nature can reporting from northern texas tells us more. many residents who moved into this area in texas had no idea there would be fracking wells just steps away from their homes they could know that the area that had hardly had any earthquakes before fracking began would start having several every week they couldn't imagine that there would be a gas well just across the street from their communi
detroit destroyed the motor city has had its fair share of ups and downs and this week's bankruptcy filing has created more questions than answers for the future of the city anthony randolph of the reason foundation helped us get through the headline letter wall rachel courteous and i paid you a picture of detroit are sick and this big deal is all coming up and it all starts right now. kicking off your headlines today fracking now it may be the reason why unusual earthquakes have been hitting...
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foundation helps us get through the headline letter while rachel courteous and i paint a picture of detroit artistic assets and this big deal is all coming up and it all starts right now. ticking off your headlines today for akim now it may be the reason why an usual earthquakes have been hitting northern texas in recent months researchers suggest that injecting fracking water deep into the ground may have caused the three point four magnitude earthquake in dallas this past october artie's gynae teacher can reporting from northern texas tells us more. many residents who moved into this area in texas had no idea there would be fracking wells just steps away from their homes they could know that the area that had hardly had any earthquakes before fracking began would start having several every week they couldn't imagine that there would be a gas well just across the street from their community water supply and that's despite the fact that there are still no conclusive studies on how right in fact it's water supply i spoke with one of the residents here rebecca williams and she said the reason
foundation helps us get through the headline letter while rachel courteous and i paint a picture of detroit artistic assets and this big deal is all coming up and it all starts right now. ticking off your headlines today for akim now it may be the reason why an usual earthquakes have been hitting northern texas in recent months researchers suggest that injecting fracking water deep into the ground may have caused the three point four magnitude earthquake in dallas this past october artie's...
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detroit destroyed the motor city had their share of ups and downs and this week the bankruptcy filing has created more questions than answers for the future of the city anthony randolph of the reason foundation helped us get through the headline letter wall rachel courteous and i paid you a picture of detroit on the stick and this big deal is all coming up and it all starts right now. kicking off your headlines today fracking now it may be the reason why unusual earthquakes have been hitting northern texas in recent months researchers suggest that injecting fracking water deep into the ground may have caused the three point four magnitude earthquake in dallas this past october artie's gynae teacher can reporting from northern texas tells us more. many residents who moved into this area in texas had no idea there would be fracking wells just steps away from their homes they could know that the area that had hardly had any earthquakes before fracking began would start having several every week they couldn't imagine that there would be a gas well just across the street from their communi
detroit destroyed the motor city had their share of ups and downs and this week the bankruptcy filing has created more questions than answers for the future of the city anthony randolph of the reason foundation helped us get through the headline letter wall rachel courteous and i paid you a picture of detroit on the stick and this big deal is all coming up and it all starts right now. kicking off your headlines today fracking now it may be the reason why unusual earthquakes have been hitting...
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detroit zits roy the motor city has had its fair share of ups and downs and this week the bankruptcy filing has created what questions and answers for the future of the city anthony randolph of the reasons beyond ation help us through the headline letter wall rachel courteous and i paid you a picture of detroit. and this big deal is all coming up and it all starts right now . kicking off your headlines today fracking now it may be the reason why unusual earthquakes have been hitting northern texas in recent months researchers suggest that injecting fracking water deep into the ground may have caused the three point four magnitude earthquake in dallas this past october artie's gynae teacher can reporting from northern texas tells us more. many residents who moved into this area in texas had no idea there would be fracking wells just steps away from their homes they could know that the area that had hardly had any earthquakes before fracking began would start having several every week they couldn't imagine that there would be a gas well just across the street from their community water
detroit zits roy the motor city has had its fair share of ups and downs and this week the bankruptcy filing has created what questions and answers for the future of the city anthony randolph of the reasons beyond ation help us through the headline letter wall rachel courteous and i paid you a picture of detroit. and this big deal is all coming up and it all starts right now . kicking off your headlines today fracking now it may be the reason why unusual earthquakes have been hitting northern...
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Dec 3, 2013
12/13
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ALJAZAM
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the detroit institute of art is a facility owned by the city of detroit. the corporation manages that facility for the benefit of detroit. those are detroit assets. they are different than pensioners, which are obligees that with have. we have to be fair and equitable in our treatment with all creditor classes, financial creditors, or retirees, pensioners, and the like, and that's what we're going to try to do. >> reporter: are you on track for [ inaudible ] >> well, we hope to stay on track. we had our map out. we had the tank full of gas, and the car was in the driveway. we're now heading down the road. but we have a long road ahead. but we're on track to keep our schedule to meet the requirements under the statute that ends basically at the end of september 2014. >> reporter: detroit is finally hit the bottom if you will. how soon before detroit is a better city? a city that people want to move to? a city that just doesn't feel safe, but is actually safe? how soon before detroit is relatively back on its feet in your honest opinion? >> okay. honest opin
the detroit institute of art is a facility owned by the city of detroit. the corporation manages that facility for the benefit of detroit. those are detroit assets. they are different than pensioners, which are obligees that with have. we have to be fair and equitable in our treatment with all creditor classes, financial creditors, or retirees, pensioners, and the like, and that's what we're going to try to do. >> reporter: are you on track for [ inaudible ] >> well, we hope to stay...
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dagen: more from detroit. the judge in the detroit bankruptcy ruling the city is eligible for bankruptcy. jeff flock has more from the courtroom. what is going on? jeff: as you might guess, it is being repealed the attorneys. you are live on the fox business network, sir. tell me your reaction to the ruling today. >> clearly this ruling is a threat to the city of detroit, says their pensions are subject to being in bankruptcy, it means they better start mobilizing, they cannot rely on a court to defend the fruits of their labors, and also we want to urge people in two weeks they will be a trial in front of the judge and a critical issue whether or not the $250 million termination fee that interest rate swaps, the most corrupt deals will be paid taking 20% of our tax dollars for the next eight years, it will be a test to see how much compassion judge roads has for the people of the city whether he is ready to roll for the people. jeff: he put those people ahead of the pensioners. >> what he has done, that is no
dagen: more from detroit. the judge in the detroit bankruptcy ruling the city is eligible for bankruptcy. jeff flock has more from the courtroom. what is going on? jeff: as you might guess, it is being repealed the attorneys. you are live on the fox business network, sir. tell me your reaction to the ruling today. >> clearly this ruling is a threat to the city of detroit, says their pensions are subject to being in bankruptcy, it means they better start mobilizing, they cannot rely on a...
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this week's detroit became the largest municipal bankruptcy in u.s. history after a federal judge steven rhodes ruled that the insolvent city was eligible to file now this new ruling opens the door for the motor city to cut billions of dollars in payments owed to city employees retiree's investors and other creditors earlier i spoke with anthony randolph director of economic research at the reason foundation about the city's bankruptcy troubles and i started off by asking him if he felt the judge's decision to greenlight detroit's chapter nine bankruptcy filing was the right thing to do. i do the made the right decision clearly detroit is insolvent and so the bondholders claims that they could raise taxes to pay off the stat or even sell things their assets are there are that they would have enough money from those sales to pay off their debt and still continue forward those arguments were spirits and the idea that detroit is an insolvent is crazy for the bar for the pension ers that claim that the constitution of michigan does not allow for the city
this week's detroit became the largest municipal bankruptcy in u.s. history after a federal judge steven rhodes ruled that the insolvent city was eligible to file now this new ruling opens the door for the motor city to cut billions of dollars in payments owed to city employees retiree's investors and other creditors earlier i spoke with anthony randolph director of economic research at the reason foundation about the city's bankruptcy troubles and i started off by asking him if he felt the...
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Dec 3, 2013
12/13
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. >> breaking news out of detroit right now. >> no, no, not detroit! no! retirees marched in it front of the courthouse in protest. >> there are no surprises in that ruling. >> this was a difficult and painful decision. >> so business as usual in detroit. >> a chance, i think, to move forward with a clean slate. >> lots of misinformation surrounding this story. i'm setting the record straight here. >> have a human dimension, because there are pensions, retiree issue. retirees, pensioners. >> citizens are customers. >> rick, have you ever heard the expression, the customer is always right? >> i don't look at -- >> the consequences could be devastating, if you care about people. >> you know, when i said i was very pleased, i very specifically stayed away from the, you know, word "happy." >> good to have you with us tonight. thanks for watching. what happened in detroit today is not american exceptionalism. something that the republicans and conservatives love to talk about all of the time. no, today is a failure. today is a managed failure. but i want to poi
. >> breaking news out of detroit right now. >> no, no, not detroit! no! retirees marched in it front of the courthouse in protest. >> there are no surprises in that ruling. >> this was a difficult and painful decision. >> so business as usual in detroit. >> a chance, i think, to move forward with a clean slate. >> lots of misinformation surrounding this story. i'm setting the record straight here. >> have a human dimension, because there are...
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Dec 3, 2013
12/13
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. >> when you say -- >> that was detroit mayor dave bing speaking on the ruling moments ago that detroit can file chapter 9 bankruptcy. he'll be joining us later this hour. but first "twelve days of christmas" and only eight days of congress. it's december 3rd and this is "now." don't call it a comeback. house of representatives back in washington this week presumably to resolve pressing legislative issues but more likely to waste taxpayer dollars fighting over the same old stuff they have been fighting about all along. as typical congress has given itself very little time to get anything done. the two chambers are in session together for just four more days this year. that is 96 hours to broker a budget deal before the december 13th deadline, not to mention the dozens of other bills that the republican-led house either ignored or rejected including but not limited to comprehensive immigration reform which passed the senate over five months ago ending employment discrimination, which more than two-thirds of the country supports and a farm bill which the house gop used to slash food assis
. >> when you say -- >> that was detroit mayor dave bing speaking on the ruling moments ago that detroit can file chapter 9 bankruptcy. he'll be joining us later this hour. but first "twelve days of christmas" and only eight days of congress. it's december 3rd and this is "now." don't call it a comeback. house of representatives back in washington this week presumably to resolve pressing legislative issues but more likely to waste taxpayer dollars fighting over...
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Dec 4, 2013
12/13
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ALJAZAM
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detroit is clear to go forward on bankruptcy. will it be the move that saves the city services. >> we need everything. we need rigs. we need fire trucks right now we need manpower. also tonight. lessons learned? the latest read on how u.s. students stack up and what it really says about american i hadcation. hadcation -- education. >> and fashion build. what role you play in one of the world's most polluted places. we take you inside of hell on earth. >> if you want to see what hell looks like. you come to the tannery and have a look at the tannery that should tell you how the hell looks like. ♪ >> good evening and thank you tr being with us. i'm joie chen. >> it was not much of a surprise detroit's financial concerns are well known and it produced every indication that something dramatic had to be done. >> as the city manager pointed out today now it's real bankruptcy court judge ruled that the city's chapter 9 filing can go forward and critically the pension of city workers are not protected. the detroit leaders now face new
detroit is clear to go forward on bankruptcy. will it be the move that saves the city services. >> we need everything. we need rigs. we need fire trucks right now we need manpower. also tonight. lessons learned? the latest read on how u.s. students stack up and what it really says about american i hadcation. hadcation -- education. >> and fashion build. what role you play in one of the world's most polluted places. we take you inside of hell on earth. >> if you want to see...
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good news we got to detroit michigan or governor rick snyder and his little dictator kevin or will be sleeping happily tonight that's because a federal court has ok detroit's bankruptcy plan and in all likelihood sent the city down the path toward more economic misery thanks to the course decision the hard earned benefit packages of detroit's twenty thousand retired public sector workers police firefighters like that are now on the chopping block retirees will have to compete with wealthy bankers and investors over what remains of detroit's finances and let's face it in today's america that's typically the major uphill battle deep cuts to pension cuts are now pretty much inevitable joining us for more on this probably trite about today's ruling as well as what it means for the future of the motor city is the pastor d. alexander bullock founder and national spokesperson for the change agent consortium . change. or past of all. should see actions that action see thank you thank you so much so what's the mood like in detroit to this or is a somber mood you know we've been watching this n
good news we got to detroit michigan or governor rick snyder and his little dictator kevin or will be sleeping happily tonight that's because a federal court has ok detroit's bankruptcy plan and in all likelihood sent the city down the path toward more economic misery thanks to the course decision the hard earned benefit packages of detroit's twenty thousand retired public sector workers police firefighters like that are now on the chopping block retirees will have to compete with wealthy...
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Dec 4, 2013
12/13
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FOXNEWSW
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i wanted to reiterate the detroit thing. the reality show with trump called "fix detroit." 16 people, maybe celebrities. >> then they can come in like kid rock and fix it? look, the problem is, i'm not surprised at anything they say because they can say one thing to my face and then say no, no, no, that's not what we said at all, and you could roll the tape back, and it's what they said. it doesn't matter because their own reality is what governs. that's what dictates. >> i think when he said he'd prefer not to see detroit go bankrupt, i think that's probably right, those people would. it goes into the courts and they'll work it out. there will be cuts in pensions. you know the only thing that's grown in detroit are muslims. >> oh, boy. >> we're going to leave it right there. >>> senator rand paul will be in detroit on friday and saturday. we'll have him on. he's got a very good plan. and maybe trump can help them out. >>> an uproar after a new mom flaunts her toned abs three days after giving birth. the post-baby body debat
i wanted to reiterate the detroit thing. the reality show with trump called "fix detroit." 16 people, maybe celebrities. >> then they can come in like kid rock and fix it? look, the problem is, i'm not surprised at anything they say because they can say one thing to my face and then say no, no, no, that's not what we said at all, and you could roll the tape back, and it's what they said. it doesn't matter because their own reality is what governs. that's what dictates. >>...
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you need to know this mitt romney should be proud of what's happening in detroit that's because during his time at bain capital he perfected the type of glorified extortion and theft tactics rick snyder and kevin or are using right now to rob city workers of their hard earned pension plans when it was running bain during the eighty's and ninety's the company made its money by forcing companies into. that and then basically robbing them blind for every last bit of cash they had being would take out a loan for say a billion dollars and it would use that billion dollar loan as leverage to buy the company but instead of paying back that billion dollar loan itself bain would dump it on the company has bought now the words bain would make the company has bought paid for its pay for its own acquisition and where would the company get that billion dollars needed to do that when it all met would say it got the money by eliminating fraud waste but in reality that money came from stripping the company of its assets and converting them into cash a campaign came from taking employee assets like pen
you need to know this mitt romney should be proud of what's happening in detroit that's because during his time at bain capital he perfected the type of glorified extortion and theft tactics rick snyder and kevin or are using right now to rob city workers of their hard earned pension plans when it was running bain during the eighty's and ninety's the company made its money by forcing companies into. that and then basically robbing them blind for every last bit of cash they had being would take...
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you need to know this mitt romney should be proud of what's happening in detroit that's because during his time at bain capital he perfected the type of glorified ix. story sion and tough tactics rick snyder and kevyn orr are using right now to rob city workers of their hard earned pension plans when it was running bain during the eighty's and ninety's the company made its money by forcing companies into debt and then basically robbing them blind for every last bit of cash they had being would take out a loan for say a billion dollars and it would use that billion dollar loan as leverage to buy the company but instead of paying back that billion dollar loan itself bain would dump it on the company has bought now the words bain would make the company has bought paid for its pay for its own acquisition where would the company get that billion dollars needed to do that. good ole miss say it got the money by eliminating fraud waste but in reality that money came from stripping the company of its assets and converting them into cash a campaign came from taking employee assets like pensions
you need to know this mitt romney should be proud of what's happening in detroit that's because during his time at bain capital he perfected the type of glorified ix. story sion and tough tactics rick snyder and kevyn orr are using right now to rob city workers of their hard earned pension plans when it was running bain during the eighty's and ninety's the company made its money by forcing companies into debt and then basically robbing them blind for every last bit of cash they had being would...
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we rescue detroit by leaving more money in detroit. what we've devised a plan that would dramatically lower taxes in detroit, bring the corporate income tax down to five percent, the personal income tax down to five percent, make the capital gains tax zero, take the payroll tax and bring it down for the employee and the employer. without bringing any new money to detroit, just leaving money in detroit is over a billion dollars that would stimulate detroit's economy. >> basically a flat tax but flat nonetheless. >> absolutely. flat and very low. we also look at regulations and try to get rid of the owner's regulations that's making it expensive for city government and for businesses to locate in detroit. we think if you combine all of this, that it would be the model for how you would rescue cities across the country but any impoverished area. we have impoverished areas in eastern kentucky. we think this same plan would rescue them and parts of louisville and other major cities. >> maybe the country while you're at it. we have had five
we rescue detroit by leaving more money in detroit. what we've devised a plan that would dramatically lower taxes in detroit, bring the corporate income tax down to five percent, the personal income tax down to five percent, make the capital gains tax zero, take the payroll tax and bring it down for the employee and the employer. without bringing any new money to detroit, just leaving money in detroit is over a billion dollars that would stimulate detroit's economy. >> basically a flat...
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Dec 6, 2013
12/13
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CSPAN
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detroit doesn't need a handout. look at the proud history of detroit. we were the industrial giant of the world, detroit was the greatness of america. government didn't do this. you did this. government didn't discover, create, motown greats like smokey robinson or diana ross. we need to look at ourselves. we need to look in the mirror and we need to allow ourselves the freedom to create and innovate. you have leaders. think of dan gilbert of quick and loans they are pouring their hearts and souls and money into detroit. quick and loans have spent more than a billion dollars in detroit and moved 3600 employees into the city, creating thousands of jobs. quick and loans and center companies have 12,000 employees working in detroit. quick and loans is proving all the nay sayers wrong. go to quick and loans and you'll get a glimpse of detroit's future. detroit situation is a result of a corrupt marriage, a big government and big labor and big the city of detroit for decades. the result has been a defecáive government, declining business sector and failing
detroit doesn't need a handout. look at the proud history of detroit. we were the industrial giant of the world, detroit was the greatness of america. government didn't do this. you did this. government didn't discover, create, motown greats like smokey robinson or diana ross. we need to look at ourselves. we need to look in the mirror and we need to allow ourselves the freedom to create and innovate. you have leaders. think of dan gilbert of quick and loans they are pouring their hearts and...
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Dec 4, 2013
12/13
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i'm a captain of engine company no. 44 in detroit. i have been at this firehouse moist of my caree -- most of my. this firehouse the morale is good but it's the uncertainty of going through the bankruptcy and not nothin knowing what is goino happen six months from now are they going to come in and get rid of our jobs? we have certain streets here we go to all the time every week we have fires, fires, fires we need everything. we need rigs we need fire trucks right now. we need manpower. we are very low of manpower. >> the average age of a detroit fireman is it 45 years old. we haven't hired in five years our stuff is it used all the time w. we are always caught behind the eight ball they may run out of size se 10 10 boots and we havea budget of $40 million our lead erleaders are told to cut $10 million from our budget where do they look? they look at the fire department we generate few dollars for the city. >> and that is one reach we have not gotten any new equipment a lot of this situation has to do withow the city is doing. i love
i'm a captain of engine company no. 44 in detroit. i have been at this firehouse moist of my caree -- most of my. this firehouse the morale is good but it's the uncertainty of going through the bankruptcy and not nothin knowing what is goino happen six months from now are they going to come in and get rid of our jobs? we have certain streets here we go to all the time every week we have fires, fires, fires we need everything. we need rigs we need fire trucks right now. we need manpower. we are...
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Dec 5, 2013
12/13
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FOXNEWSW
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detroit is bankrupt. he'll explain a project to save detroit. he'll explain what he thinks we can do to fix the motor city without you bailing them out. later on bob beckel and andrea tantaros react to the breaking news today. nbc host martin bashir resigned prosecute the peacock network. and hannitylive.foxnews.com, share your thoughts. or join us on twitter @sean hannity. hannity. she loves a lot of the same things you do. it's what you love about her. but your erectile dysfunction - that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms obph, like needing to go frequently or urgently. tell your doctor about all your medical conditions and medications, and ask your heart is healthy enough for sexual activity. do not take cialis if you take nitrates for chest pain, as this may cause an unsafe drop in blood pressure. do not drink alcohol in excess w
detroit is bankrupt. he'll explain a project to save detroit. he'll explain what he thinks we can do to fix the motor city without you bailing them out. later on bob beckel and andrea tantaros react to the breaking news today. nbc host martin bashir resigned prosecute the peacock network. and hannitylive.foxnews.com, share your thoughts. or join us on twitter @sean hannity. hannity. she loves a lot of the same things you do. it's what you love about her. but your erectile dysfunction - that...
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Dec 5, 2013
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detroit is bankrupt. he'll explain a project to save detroit. he'll explain what he thinks we can do to fix the motor city without you bailing them out. later on bob beckel and andrea tantaros react to the breaking news today. nbc host martin bashir resigned prosecute the peacock network. and hannitylive.foxnews.com, share your thoughts. or join us on twitter @sean hannity. we'll continue. as a business owner, i'm constantly putting out fires. so i deserve a small business credit card with amazing rewards. with the spark cascard from capital one, i get 2% cash back on ery purchase, every day. i break my back around here. finally soone's recognizing me with unlimited rewards! meetings start at 11, cindy. [ male announcer get the spark business card from capital one. choose 2% cash back or double miles on every purchase, every d. what's in your wallet? i need your timesheets, larry! >> test test target is in sight. yes, dad, i see him. >> t soe >>> >>> >> testing testing. >> testing. testing. testing. >> testing use the stun gun. he's giving you l
detroit is bankrupt. he'll explain a project to save detroit. he'll explain what he thinks we can do to fix the motor city without you bailing them out. later on bob beckel and andrea tantaros react to the breaking news today. nbc host martin bashir resigned prosecute the peacock network. and hannitylive.foxnews.com, share your thoughts. or join us on twitter @sean hannity. we'll continue. as a business owner, i'm constantly putting out fires. so i deserve a small business credit card with...
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didn't screw news we go to detroit michigan or governor rick snyder and his little dictator cabin or obese. sleeping happily tonight that's because a federal court has ok detroit's bankruptcy plan and in all likelihood sent the city down the path toward more economic misery thanks to the course decision the hard earned benefit packages of detroit's twenty thousand retired public sector workers that police firefighters like that are now on the chopping block retirees will have to compete with wealthy bankers and investors over what remains of detroit's finances and let's face it in today's america that's typically the major uphill battle deep cuts to pension cuts are now pretty much inevitable joining us for more on this from detroit about today's ruling as well as what it means for the future of the motor city is the pastor d. alexander bullock founder and national spokesperson for the change agent consortium . change c a c or. action see actions that thank you action cac thank you thank you so much so what's the mood like in detroit those are it's a somber mood you know we've been w
didn't screw news we go to detroit michigan or governor rick snyder and his little dictator cabin or obese. sleeping happily tonight that's because a federal court has ok detroit's bankruptcy plan and in all likelihood sent the city down the path toward more economic misery thanks to the course decision the hard earned benefit packages of detroit's twenty thousand retired public sector workers that police firefighters like that are now on the chopping block retirees will have to compete with...
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Dec 5, 2013
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i want to reiterate the detroit thing. reality show with trump called fix detroit. you get 16 people, maybe celebrities. >> very good. >> they can come in like kid rock and fix it the. the problem is i'm not surprised by anything they say. they can say one thing to my face and then say, no, no, no, no, that's not what we said at all, you can roll the tape back, it's what they said. it doesn't matter. their own reality governs. it dictates. >> i think he probably wouldn't like to see it. it goes to court. the only thing growing in detroit are muslims. >> oh, boy. >> we'll leave it there. >>> senator rand paul has a plan for detroit. he'll be there on saturday and sunday. we'll have him on. >>> coming up, a famous uproar after a new mom flaunts her toned abs in this selfie taken just days after giving birth. the woman is defending herself. the post baby body debate. i'll kill you for rye wriing that. check out our new website at foxnews.com/thefive. >>> very nice. >> at least one business is >>> very nice. >> at least one business is doing great these days. the hate c
i want to reiterate the detroit thing. reality show with trump called fix detroit. you get 16 people, maybe celebrities. >> very good. >> they can come in like kid rock and fix it the. the problem is i'm not surprised by anything they say. they can say one thing to my face and then say, no, no, no, no, that's not what we said at all, you can roll the tape back, it's what they said. it doesn't matter. their own reality governs. it dictates. >> i think he probably wouldn't like...
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Dec 3, 2013
12/13
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: the rule, is unwelcome to detroit city employees as their pension now hangs in the balance as detroit digs itself out from $18 billion in debt. >> this is a moral issue that we're dealing with. it is wrong for you to take somebody's pension that have given their lives, that have sacrificed 30 years. >> reporter: the trouble began with the exodus that followed automotive jobs. with the smaller tax base, city leaders did not reduce the budget. under pressure from labor unions, they never reduced things like health benefits or bonuses. when the budget was in the red the borrowed. judge steven rhodes wondered out loud why this hadn't happened sooner as he made the historic ruling that detroit is eligible for chapter 9 bankruptcy. now pension, for more than 23,000 firefighters, police and other municipal employees are facing the potential of dramatic reductions. >> we're trying to be very thoughtful, measured and humane about what we have to do. what i can tell them is that the reality is there's not enough money to address the situation no matter what we do >> reporter: the american feder
: the rule, is unwelcome to detroit city employees as their pension now hangs in the balance as detroit digs itself out from $18 billion in debt. >> this is a moral issue that we're dealing with. it is wrong for you to take somebody's pension that have given their lives, that have sacrificed 30 years. >> reporter: the trouble began with the exodus that followed automotive jobs. with the smaller tax base, city leaders did not reduce the budget. under pressure from labor unions, they...
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Dec 7, 2013
12/13
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detroit is a culmination of a lot of problems that a lot of not just have, detroit. chicago has the same problems. counties d, 20 rural in my state have the same problem as well. and louisville. what i'm saying this, everything other ying will apply to parts of the country that are struggling. here's a time when big cities wore this great engine now that they're a drag. theeed to get back to where big cities are an engine for improvement. >> the next question, how do you lan on getting african-americans to embrace the gop in plan and the general. you sign my ld pocket constitution. 33.t's table [ applause ] 5% of the got african-american vote. it used to be better. in 1920, we got 99% of the african-american vote. in 1928, we were up above 2/3 of the vote. from s a dramatic switch 28 to 32. after that, it slips us.ressively away from not necessarily the issues. we have to change the opinions and attitudes on issues. i think it is true that if you don't have money or you don't have a business, you aren't that concerned about regulation and taxings. if i talk to people
detroit is a culmination of a lot of problems that a lot of not just have, detroit. chicago has the same problems. counties d, 20 rural in my state have the same problem as well. and louisville. what i'm saying this, everything other ying will apply to parts of the country that are struggling. here's a time when big cities wore this great engine now that they're a drag. theeed to get back to where big cities are an engine for improvement. >> the next question, how do you lan on getting...
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Dec 4, 2013
12/13
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detroit 's fire power left on the back burner. we spent a day and a night with the team. >> start with one issue education... gun control... the gap between rich and poor... job creation... climate change... tax policy... the economy... iran... healthcare... ad guests on all sides of the debate. >> this is a right we should all have... >> it's just the way it is... >> there's something seriously wrong... >> there's been acrimony... >> the conservative ideal... >> it's an urgent need... and a host willing to ask the tough questions >> how do you explain it to yourself? and you'll get... the inside story ray suarez hosts inside story weekdays at 5 eastern only on al jazeera america determining using some sort of subjective interpretation of their policy as to whether or not your particular report was actually abusive, because if it doesn't contain language that specifically threatens you directly or is targeted towards you specifically, they may not consider it abuse. they may consider it offensive. and in that case they just recomm
detroit 's fire power left on the back burner. we spent a day and a night with the team. >> start with one issue education... gun control... the gap between rich and poor... job creation... climate change... tax policy... the economy... iran... healthcare... ad guests on all sides of the debate. >> this is a right we should all have... >> it's just the way it is... >> there's something seriously wrong... >> there's been acrimony... >> the conservative...
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Dec 30, 2013
12/13
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MSNBCW
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so it was like, it's them. >> detroit police begin the search for clues. what they find at the crime scene is somewhat unusual. >> at first blush, there were no obvious signs of trauma to either body. the entire vehicle and bodies were removed and taken to the wayne county medical examiner's office. and upon further review confirmed what we were able to see visually, that there was absolutely no trauma to either of the young ladies' bodies. >> with no indications of gunshot or stab wounds nor evidence of strangulation or suffocation, police suspect the women may have been killed by a lethal dose of a tranquilizing drug, perhaps laced into their drinks. then just one week later and only two blocks away police are called to an almost identical crime scene. this time the victims are 28-year-old bernethia mccrary and 29-year-old natasha curtis. two more young women apparently killed in the same manner but this time left in the trunk of a car set ablaze. >> when you take a look at that situation, very quickly we decided that this was very potentially a serial c
so it was like, it's them. >> detroit police begin the search for clues. what they find at the crime scene is somewhat unusual. >> at first blush, there were no obvious signs of trauma to either body. the entire vehicle and bodies were removed and taken to the wayne county medical examiner's office. and upon further review confirmed what we were able to see visually, that there was absolutely no trauma to either of the young ladies' bodies. >> with no indications of gunshot or...
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Dec 8, 2013
12/13
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we are talking about detroit. everything i'm saying that apply to other parts of the country who are suffering. there's a history when big cities were the great engine. now with the government drag, we got to get active where the big cities are an engine for improvement. >> the next question, how do you plan on getting african-americans to embrace your detroit plant and the gop in general, and could you sign my pocket constitution? >> we republicans got about 5% of the african-american vote. that is not very good. it used to be better. at one point in time it was completely the opposite. in 1920 we got nearly 99% of the african-american vote. 1928, we were up over 2/3 of the way. a dramatic switch from 1928 to 1932. it is not that the issues, we have to change our opinions and attitudes on issues, but it is true that if you do not have money or you do not have a business, you are not concerned about regulation and taxes. if i talk to people trying to get ahead in life and are not yet successful, that could be youn
we are talking about detroit. everything i'm saying that apply to other parts of the country who are suffering. there's a history when big cities were the great engine. now with the government drag, we got to get active where the big cities are an engine for improvement. >> the next question, how do you plan on getting african-americans to embrace your detroit plant and the gop in general, and could you sign my pocket constitution? >> we republicans got about 5% of the...
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Dec 7, 2013
12/13
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detroit doesn't need a handout. look at the proud history of detroit. we were the industrial giant of the world, detroit was the greatness of america. government didn't do this. you did this. government didn't discover, create, motown greats like smokey robinson or diana ross. we need to look at ourselves. we need to look in the mirror and we need to allow ourselves the freedom to create and innovate. you have leaders. think of dan gilbert of quick and loans they are pouring their hearts and souls and money into detroit. quick and loans have spent more than a billion dollars in detroit and moved 3600 employees into the city, creating thousands of jobs. quick and loans and center companies have 12,000 employees working in detroit. quick and loans is proving all the nay sayers wrong. go to quick and loans and you'll get a glimpse of detroit's future. detroit situation is a result of a corrupt marriage, a big government and big labor and big business that has worked against the city of detroit for decades. the result has been a defective government, declin
detroit doesn't need a handout. look at the proud history of detroit. we were the industrial giant of the world, detroit was the greatness of america. government didn't do this. you did this. government didn't discover, create, motown greats like smokey robinson or diana ross. we need to look at ourselves. we need to look in the mirror and we need to allow ourselves the freedom to create and innovate. you have leaders. think of dan gilbert of quick and loans they are pouring their hearts and...
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Dec 3, 2013
12/13
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ALJAZAM
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the bankruptcy says that no one can try to collect money from detroit, and detroit will work out a plan to pay everyone something, less than they would be paid if they were getting paid in full, but something, and we'll try to share the pain across the board. what we're in now, we're at the beginning of the stage where kevin orr and his team will put in front of the court a plan a proposal to adjustment the debt and reduce the payments. the court will look at it, and while all this mediation is taking place with the bargaining unites, creditors, and they're trying to reach an agreement on the side, carry that in together, and hopefully this will be connecticut essential you'llly. >> michael sweet, a bankruptcy attorney and partner of potts roth child llc. thank you. >>> french investigators concluded that yasser arafat died of natural causes. this contradicts swiss conclusion there is he had a high level of radioactive polonium. >> some palestinians suspected foul play. now this new report from france raises new questions. >> reporter: in death as in life yasser arafat remains a lighten
the bankruptcy says that no one can try to collect money from detroit, and detroit will work out a plan to pay everyone something, less than they would be paid if they were getting paid in full, but something, and we'll try to share the pain across the board. what we're in now, we're at the beginning of the stage where kevin orr and his team will put in front of the court a plan a proposal to adjustment the debt and reduce the payments. the court will look at it, and while all this mediation is...
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Dec 4, 2013
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i -- in 1990 i did a transaction to try to keep detroit, and successfully kept detroit investment grade rated. that was 23 years ago. they have severe structural problems. to enter a transaction like that, it's not an interest rate bet, it was a bet on staying solvent. >> and they lost that bet. quickly, is there a way for detroit to pay the promise to it's retirees and get out of this? >> well, yes there is. so there are several aspects to it. you have to be creative about how you drive down their catch throw deficit. but the way to do it, and tragically the bankruptcy court can't order the state to kick in a little money, to put back the $47 million they paid, that's the way to do it. so -- >> so if they wanted to reinstate that revenue sharing they took away, you could create a cash flow to get their head above water? >> yes, and you could do it that way ininstead of bankruptcy. >> when you look at the number of bills passed by the house and the paltry number of bills passed by the senate you can see where the problem is. >> yes, we can. and we'll talk about it next. >>> there are ei
i -- in 1990 i did a transaction to try to keep detroit, and successfully kept detroit investment grade rated. that was 23 years ago. they have severe structural problems. to enter a transaction like that, it's not an interest rate bet, it was a bet on staying solvent. >> and they lost that bet. quickly, is there a way for detroit to pay the promise to it's retirees and get out of this? >> well, yes there is. so there are several aspects to it. you have to be creative about how you...
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Dec 3, 2013
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our scott cohn in detroit. a lot more on the ruling as it develops in just a moment. >>> welcome back. in other news this morning, the obama administration pleased with the progress of the healthcare.gov website, it says. but concern has been raised over the website's ability to hold up as those who haven't been able to enroll under obama care rush to do so now, before the looming deadline. a new health insurance marketplace, meanwhile, is allowing consumers to bypass healthcare.gov. gohealth is an online portal for finding health insurance coverage. clint jones is the ceo. and he joins us now. good morning. >> good morning. >> what can your website do? can it enroll people in plans? >> yes, we can. we've been live now just over a week, successfully helping consumers enroll in federal marketplace plans. >> okay. so there are others, healthsure, another private sector insurance group we had on, how long did it take you to get up and running? >> working on integration a little over a year, with cms and the federa
our scott cohn in detroit. a lot more on the ruling as it develops in just a moment. >>> welcome back. in other news this morning, the obama administration pleased with the progress of the healthcare.gov website, it says. but concern has been raised over the website's ability to hold up as those who haven't been able to enroll under obama care rush to do so now, before the looming deadline. a new health insurance marketplace, meanwhile, is allowing consumers to bypass healthcare.gov....
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Dec 31, 2013
12/13
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detroit belongs in the best news -- i mean, detroit made it, good. >> but the thing about that is that they're trying to save the art from the detroit art institute, and christie's just did their appraisal. they're going to get about, something like $500 million for it, and it -- >> yeah what they appraised, they could get like $500 to $800 million and they're thinking, oh, that would put a big dent in our debts. that would also eliminate detroit's public art collection forever. >> so, this is the best new thing but also a tbd. >> yes, a best new fight of the day and the fight is still under way. >> i think they're going to need a bigger dragon. stick with innovation. stick with power. stick with technology. get the new flexcare platinum from philips sonicare and save now. philips sonicare. c explore what's new. for 575 calories or less on our lighter fare menu. enjoy fresh tossed. go fish. and try our new rosemary garlic chicken at olive garden. >> are you there? >> yeah, i'm there. >> let me ask you, are there any best new things you remember that are very good? just from top of your
detroit belongs in the best news -- i mean, detroit made it, good. >> but the thing about that is that they're trying to save the art from the detroit art institute, and christie's just did their appraisal. they're going to get about, something like $500 million for it, and it -- >> yeah what they appraised, they could get like $500 to $800 million and they're thinking, oh, that would put a big dent in our debts. that would also eliminate detroit's public art collection forever....
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Dec 3, 2013
12/13
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bisi onile-ere with the latest out of detroit. again, the breaking news, is the federal bankruptcy judge has ruled that detroit can continue and is eligible for file for bankruptcy. joining me now to talk about this decision is the president of the american college of bankruptcy. thanks for being with us. was this a forgone conclusion in >> in my view it was. and there were a lot of people in front of me who had the same view. >> what happens to these retirees and pensioners. you heard our reporter discuss how some of them really do depend on this chuck. >> well, time will tell. the plan that the city will propose and -- it is stated that it will propose by the end of the year should give pensioners come clue as to what the outcome will be. but what i suspect will happen is there will be further negotiations. the overarching legal issue is whether the court can impair pensioner's rights. their council will argue that state law prohibits a bankruptcy court from impairing their rights. that's what the negotiation will be about befor
bisi onile-ere with the latest out of detroit. again, the breaking news, is the federal bankruptcy judge has ruled that detroit can continue and is eligible for file for bankruptcy. joining me now to talk about this decision is the president of the american college of bankruptcy. thanks for being with us. was this a forgone conclusion in >> in my view it was. and there were a lot of people in front of me who had the same view. >> what happens to these retirees and pensioners. you...
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Dec 28, 2013
12/13
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KQEH
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"coming home, detroit, 1968." a winter tuesday, the city pouring fire, ford rouge sulfurs the sun, cadillac, lincoln, chevy gray. the fat stacks of breweries hold their tongues. rags, papers, hands, the stems of birches dirtied with words. near the freeway you stop and wonder what came off, recall the snowstorm where you lost it all, the wolverine, the northern bear, the wolf caught out, ice and steel raining from the foundries in a shower of human breath. on sleds in the false sun the new material rests. one brown child stares and stares into your frozen eyes until the lights change and you go forward to work. the charred faces, the eyes boarded up, the rubble of innards, the cry of wet smoke hanging in your throat, the twisted river stopped at the color of iron. we burn this city every day. >> "we burn this city every day." >> you know, i remember, i can still remember the impetus to the poem. i went back to detroit in 1968 to see my brother. and there was a lot of hostility in the city. there was a lot of hosti
"coming home, detroit, 1968." a winter tuesday, the city pouring fire, ford rouge sulfurs the sun, cadillac, lincoln, chevy gray. the fat stacks of breweries hold their tongues. rags, papers, hands, the stems of birches dirtied with words. near the freeway you stop and wonder what came off, recall the snowstorm where you lost it all, the wolverine, the northern bear, the wolf caught out, ice and steel raining from the foundries in a shower of human breath. on sleds in the false sun...
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Dec 8, 2013
12/13
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CSPAN
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left in detroit. the answer to poverty and unemployment is not another government stimulus. it's simply leaving more money in the hands of those who earned it. today i'm here to introduce something i call economic freedom zones. this is a bill that will be introduced next week in washington. these freedom zones will dramatically reduce taxes and red tape so detroit businesses can grow and thrive. freedom zones are similar to an idea jack kemp introduced a couple decades ago. kemp loved figuring out ways to empower people, real people, regardless of race or family background. he called his plan a conservative war on poverty. it's time we revisit some of these ideas of jack kemp and expand upon them. i told somebody recently, this is jack kemp's enterprise zones on steroids. the bill that i will introduce will introduce these and empower and begin these economic freedom zones. this bill will lower perm and corporate income taxes in detroit to 5%. my bill will also lower the payroll tax 2% for the employ
left in detroit. the answer to poverty and unemployment is not another government stimulus. it's simply leaving more money in the hands of those who earned it. today i'm here to introduce something i call economic freedom zones. this is a bill that will be introduced next week in washington. these freedom zones will dramatically reduce taxes and red tape so detroit businesses can grow and thrive. freedom zones are similar to an idea jack kemp introduced a couple decades ago. kemp loved figuring...
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facing more than eighteen billion dollars in debt the city of detroit finally filed for bankruptcy last july yesterday a u.s. district court judge authorized the city to go forward with its final and for chapter nine judge steven rhodes said that negotiating and reaching a deal with the city's one hundred thousand creditors would have taken far too long for their prevented detroit from delivering vitals city services disturbingly this ruling means that the pensions for thousands of detroit city employees could be slashed even though they were guaranteed long ago so they break down the complexities of detroit's bankruptcy and shed light on what this decision means for other cities and financial peril i'm joined now by richard wolffe economist and professor emeritus at the university of massachusetts always. amazing to have you on richard. thank you for inviting me so richard what do you think is this bankruptcy decision the best outcome for detroit. no it's not it's one of the worst outcomes and i think you're right to point to this issue of the pensioners it is a historic moment it is s
facing more than eighteen billion dollars in debt the city of detroit finally filed for bankruptcy last july yesterday a u.s. district court judge authorized the city to go forward with its final and for chapter nine judge steven rhodes said that negotiating and reaching a deal with the city's one hundred thousand creditors would have taken far too long for their prevented detroit from delivering vitals city services disturbingly this ruling means that the pensions for thousands of detroit city...
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Dec 4, 2013
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>> when we see the headline of the largest municipal bankruptcy in detroit, in, in detroit, in is starting to make way when you start to erase the debt and come out with a clean slate is you are going to be able to a take the tax revenue that comes into the city of detroit and put it back into the services like police, the police department like the fire department and making sure the fire rigs are working when they are called out to a fire and picking up trash and making sure the lighting grid is up and running and working streetlights in the neighborhoods in the city of detroit, so what that is going to do, when you bring down the debt and you bring it, you erase it and you start with that clean slate you will be able to infuse money back into the city of detroit, back into the services and really make detroit a better place to live and that is the bottom line in in story. >> a big day, in the life of your city, detroit. christy mcdonald, we thank you very much. >> thanks, judy. >> >> woodruff: again, the other major developments of the day. president obama touted the benefits of the aff
>> when we see the headline of the largest municipal bankruptcy in detroit, in, in detroit, in is starting to make way when you start to erase the debt and come out with a clean slate is you are going to be able to a take the tax revenue that comes into the city of detroit and put it back into the services like police, the police department like the fire department and making sure the fire rigs are working when they are called out to a fire and picking up trash and making sure the...
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detroit belongs -- detroit made it. good. >> but the thing about that is that they're trying to save the art from the detroit art institute and christies just did their appraisal and they're going to get about, something like $500 million for it and it -- >> yeah, what they appraised, they could get, like $500 to $800 million, and they're thinking, that would put a big dent in our debts. and it would also eliminate detroit's public art collection. >> so this is a best new thing, but also a tbd. >> it's a best new fight. the fight is still under way. >> i think they're going to need a bigger dragon. stick with innovation. stick with power. stick with technology. get the new flexcare platinum from philips sonicare and save now. philips sonicare. if you have a business idea, we have a personalized legal solution that's right for you. with easy step-by-step guidance, we're here to help you turn your dream into a reality. start your business today with legalzoom. >>> steve, are you there? >> i'm here. >> steve, are there any
detroit belongs -- detroit made it. good. >> but the thing about that is that they're trying to save the art from the detroit art institute and christies just did their appraisal and they're going to get about, something like $500 million for it and it -- >> yeah, what they appraised, they could get, like $500 to $800 million, and they're thinking, that would put a big dent in our debts. and it would also eliminate detroit's public art collection. >> so this is a best new...
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detroit detroit the motor city had their share of ups and downs and this week the bankruptcy filing has created more questions than answers for the future of the city anthony randolph of the reasons beyond.
detroit detroit the motor city had their share of ups and downs and this week the bankruptcy filing has created more questions than answers for the future of the city anthony randolph of the reasons beyond.
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face in more than eighteen billion dollars in debt the city of detroit finally filed for bankruptcy last july yesterday a u.s. district court judge authorized the city to go forward with its findings for chapter nine judge steven rhodes said that negotiating and reaching a deal with the city's one hundred thousand creditors would have taken far too long for their prevented detroit from delivering vital city services disturbingly this ruling means that the pensions for thousands of detroit city employees could be slashed even though they were guaranteed long ago so they break down the complexities of detroit's bankruptcy and shed light. what this decision means for other cities and financial peril i'm joined now by richard wolffe economist and professor emeritus at university of massachusetts always amazing to have you on richard. thank you for inviting me so richard what do you think is this bankruptcy decision the best outcome for detroit. no it's not it's one of the worst outcomes and i think you're right to point to this issue of the pensioners it is a historic moment it is saying to
face in more than eighteen billion dollars in debt the city of detroit finally filed for bankruptcy last july yesterday a u.s. district court judge authorized the city to go forward with its findings for chapter nine judge steven rhodes said that negotiating and reaching a deal with the city's one hundred thousand creditors would have taken far too long for their prevented detroit from delivering vital city services disturbingly this ruling means that the pensions for thousands of detroit city...
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it just has not made it to detroit, and detroit has really collapsed from within. >> again, the federal judge saying that detroit is eligible for bankruptcy. ron, i want to thank you and leave everybody with these thoughts. 40% of the city's lights didn't work in the first quarter of 2013. 50% of parks have been closed since 2008 and roughly 78,000 structures are abandoned in the city of detroit. ron insana, thank you, sir, appreciate it. >> reporter: thank you, thomas. >>> i want to pass along this programming note. the outgoing detroit mayor will join alex wagner next hour right here on msnbc. he announced that he will not be running for re-election. >>> well, a full court press. at 2:30 this afternoon, the president goes all in with a december pr push to promote healthcare.gov and congressional underachievers. congress is about to go down as the least productive in our history. those are the topics for our agenda panel. suzy khimm is a national correspondent for msnbc, ron reagan is an msnbc analyst and steve benen is a contributor and producer for the rachel maddow show. i like this
it just has not made it to detroit, and detroit has really collapsed from within. >> again, the federal judge saying that detroit is eligible for bankruptcy. ron, i want to thank you and leave everybody with these thoughts. 40% of the city's lights didn't work in the first quarter of 2013. 50% of parks have been closed since 2008 and roughly 78,000 structures are abandoned in the city of detroit. ron insana, thank you, sir, appreciate it. >> reporter: thank you, thomas. >>>...