our unenlightened politicians and i heard you mention a bankrupt city. we are not a bankrupt city.banks and their hoochie-mama girlfriends. this is the democracy. water is life. you can't take water away from people unless you assume that you want people to die. that's what's going on here. there isñrñr a gentrification o what's going ont+ i want the national public to understand it. just last week the detroit city council approved an almost 9% hike in the water rate. >> yes. >> the average monthly water bill is now $75. compare it to the national average which is only $40. how do people pay these incre e increase? >> you can't. the method is hurting people's chances. the report says as a cost cutting measure the water department stopped sending bills. it then installed smart meters that read retroactively so many families are hit with bills for thousands of dollars and many of the bills were from former tenants including water bills from nearby abandoned housing. >> doesn't matter where where they come from. you have 30 days in which to pay them. doesn't matter where the bills com

to the us the bankrupt city of detroit is on the brink of a water crisis thousands of people there have been left with no supplies had all the authorities say that they are only protecting the city's budget from unpaid bills situation for several activist groups to demand of the united nations step in and help the u.n. experts looked into the matter and said that the shutoffs are a violation of human rights and a close inspection reveals it's not just the hard up not paying their bills either some corporations are tens of millions of dollars in the red as well but there's a little pressure being put on them artes making mopeds as details. it is one of the most essential elements of life. americans enjoy some of the cleanest and most abundant water in the world but what happens when the pipes are turned off and the tap runs dry how am i supposed to wash my child heilman i supposed to shower must fill in the largest american city to ever file for bankruptcy residents are falling behind on their water bills now facing five billion dollars in bad debt the water department is taking drastic

he hopes he can inspire entrepreneurs in the bankrupt city to look to the future and use their ideasckstart the economy. went takes betty liu a look. >> he walks, he runs. he even rides a bike. one time aol founder steve case is following every possible avenue to spread the word about his latest mission. -- nothing can becoming like a silicon valley. >> we just need to start rebuilding this population. the only way to do that is to innovate and the best way to innovate is to back great startups. by many metrics, detroit has the most challenges. abandoned structures, population decline, aliens in debt. that is the point he wants to make on his tour. talent is starting to come back and investors are starting to pay attention. michigan's governor came out to welcome chase and cheer him on. -- to welcome case and cheer him on. he has bought over a billion dollars of property in downtown detroit. he is convinced its value is on the rise. can you look past the blight, the burned-out buildings? detroit, yougle will see practically almost all the pictures that come up are of abandoned buildi

high commission for human rights to intervene on behalf of the bankrupt city's most vulnerable citizens to break all of this down earlier i spoke with artie's make a lopez who is on the ground in detroit i first asked her why residents are having such a hard time paying for these bills. when you're really depends on who you ask if you ask the folks at the detroit water and through our department they'll tell you that people are simply putting these bills on the back burner and giving precedence to some of the other bills that might me shut off more immediately things like. your cable bill or your electricity bill because in the past we really haven't seen any mass shut off in detroit like we are seeing currently if you ask people on the other side however people like the detroit water brigade they will say this people simply cannot pay their bills because of what is going on this city so right now in the city there is a forty percent poverty rate and an eight percent unemployment rate and people are really having a hard time kind of paying those bills off now just to give you an idea of

high commission for human rights to intervene on behalf of the bankrupt city's most vulnerable citizens to break down all the details in the fight over water earlier i spoke to our g.'s meghan lopez who's on the ground in detroit and i first asked her how residents are coping without water. you know in there i think the answer to that is the best as they possibly can a lot of people are trying to scrounge up just enough money in order to be able to pay those delinquent water bills those are the people that have either been sent notices saying that their water is going to be shut off or have had their water shut off now the detroit water and sewer board says that is planning on shutting off about three thousand people's water each week in order to kind of make up for the deficit of people that are simply not paying their bills so the answer is the best they can now they're getting help from a lot of different organizations one of them is the way fund which is trying to help people as best as they can kind of make up the deficit also the detroit water and sewer department is offering paym

what you essentially had to do is take a bankrupt city and make it right.ntracts, try to make sure pensioners were protected, but what gets some of those increases they had coming shaved at bit to reflect economic reality. where do we stand now? >> right. well, i liken it to a lingeries and we're coming into the fourth turn. we still have to get ute the vote for the plan of adjustment with our creditors and our pensioners and retirees as well as active employees, and then we have to get through a confirmation hearing but we made a little progress since we last talked. so we're moving forward. >> a lot of the city worker unions when you came onboard weren't too keen and didn't like the idea of an appointed emergency -- >> emergency manager. >> come in and do the job and there was talk you and the mayor were achieving about -- chafing about that. they're supporting this now because they figure, bettary slice than everything going are right? >> well, i'd like too think we moved beyond the emotion and reaction to having an emergency manageter and dealing with t

. >>> the michigan legislature approved of an aid package to help the bankrupt city of detroit. the grand bargain of bills will give $200 million to the city. the package will prevent deep cuts in pensions for city workers and saves city-owned art work from being sold. the bill awaits rick snyder's signature. >>> north dakota is the hottest place to find a job, and it's the deadliest. the workplace fatality rate is five times the national rate. many people who have lost their lives on the job work in the booming gas energy industry. we go to the heart of north dakota's oil country, diane, what is the safety problem we're talking about here in north dakota. >> reporter: a lot of people who are coming out here to work in the oil fields are young men. many of them have never worked these kinds of jobs before. they're inexperienced, and some say they're getting very little in the way of training. jobs in north dakota's oil field can pay big bucks pup up to six figure as year. but some workers say the risk is not worth the reward. ty james is one. he severely injured his spine when a

expected to sign a bill that authorizes 1- hundred and 95 million dollars in state help for the bankrupt city. the deal also included 3- hundred and 66 million dollars contributions from foundations including ford and kellogg. over the 2-decade plan, the contributions would help limit cuts to city retireee pensions. retirees have until july 11th to vote on the proposal. massachusetts is on track to have the highest state minimum wage in the nation. lawmakers in the bay state gave final approval thursday to legislation that will gradually raise the minimum to 11-dollars an hour by 2017. that's up from eight dollars today. governor deval patrick is expected to sign it into law soon. president obama, who supports a nationwide increase to 10-10 an hour, applauded the move. while massachusetts is taking the lead among states, the city of seattle will still offer the highest minimum anywhere in the country. seattle recently approved an increase to 15 dollars an hour. the obama administration is moving to ensure that americans are eligible to take leave from their jobs to care for a same- sex spouse

we're bankrupt. >> why don't the people of detroit blame the democrats in charge of the city because ones who okayed jacking up the prices? in the last ten years the price of water in detroit has doubled. >> yes it has. now the average bill is way above the national average bill for water. but guess what? after the detroit people turned off the water to all these thousands of homes, they found that many of them the very next day paid in full. so they're saying, look, you got into the habit of just not paying your bills. you've got to get out of that habit because we're bankrupt. pay up. >> we're not going to the local officials who end up having responsibility for these prices here. they're going to the u.n. why? >> they want leverage. they're going to shame america. they're going to the u.n. because that is an anti-american organization. and the u.n. turns around and says that rich country, those americans, they don't allow their citizens free drimpging water. shame -- free drinking water. shame on them americans. this is an attempt to get leverage over the federal government so the

water however those suffering are not in a remote african or asian village but in fact in the bankrupt us city of detroit authorities there are cutting water supplies to thousands of households saying that they're protecting the city's budget from unpaid bills un experts have called the actions a violation of human rights and close inspection reveals it's not just the hard up not paying their bills some corporations are tens of millions of dollars in the red as well but there's a little pressure being put on then on these megan lopez as the details. it is one of the most essential elements of life. americans enjoy some of the cleanest and most abundant water in the world but what happens when the pipes are turned off and the tap runs dry how am i supposed to wash my child heilman i supposed to shower must fill in the largest american city to ever file for bankruptcy residents are falling behind on their water bills now facing five billion dollars in bad debt the water department is taking drastic measures to plug holes and that means cutting water this is one of those houses that has had its w

. >>> at atlantic city's bankrupt revel casino warned workers they could be out of a job this summer if the hotel cannot find a buyer. this is a big story. we have steve keeley in atlantic city where they have just made this filing, good morning, steve. >> reporter: date the they put out was august 18th and if you are wondering why august 18th that is not some random date to shut this beach front casino down midsummer when it should be the busiest time of the year for maybe the the most popular vacation week of all, august 18th is exactly 60 days from when all of the revel casino workers got their official work notice yesterday. by state law in new jersey that is sooner it can layoff its entire staff which just voted to join a casino workers union here local 54, two weeks ago today and analyst say that move to pressure or preserve their jobs if the casino gets a new owner may have an opposite effect and have them lose their jobs making it harder and complicated, they say to sell the place. the news not good forever all atlantic city and new jersey's governor christie who did all he co

, the discriminated against, the struggling family, the student, the underwater homeowner, the bankrupt city, the underfunded schools, every victim of capitalism. [applause] where do we begin? my answer is that we begin where we are. that is with the existing movement and struggles. there are so many. siding with the growing movement against economic inequality, the low-wage economy and right-wing extremism. richard spoke about the growth of inequality. obamaxt day, president made a speech on the same subject. the books of thomas and elizabeth warren both on the subject of glaring and unjustified inequality. and progressive bloc in congress stand firm behind economic justice. the minimum wage movement is really picking up. the latest victory was the seattle city council that made the minimum wage $15 an hour. [applause] meanwhile, around the world, powerful movements. in some cases, even governments are demanding economic justice. as a formerve on, altar boy, i got to bring the pope into the conversation. quote--- "whave to ile the earnings of the minority are growing exponentially, so is th

we don't know the cause of that one. >>> time is running out for atlantic city is bankrupt revel casino. hotel is warning workers it will shut down if they cannot find a buyer. steve keeley is live in atlantic city, beautiful sunrise, not such a beautiful situation at revel hotel and casino, steve. >> nothing but worst luck possible, for this casino. look, glass front of the casino is supposed to mimic waves and people that were behind this casino were so, you know, impressed by the the glass. they flew to minnesota to get right glass that would reflect off a sunrise like this. you will recall, three of those executives killed in a plane crash just deciding on the kind of glass they were going to put on this place. as the sunrise these morning, the sun could be setting on this business. it could be closed, august 18th, if no one steps into buy this two and a half billion dollars casino foreign 1/10 of that amount. people say that is a great deal but casino analyst say it is not a good deal even fit sound like a good deal real estate white. it could shut down at the the height of the sum

. >>> atlantic city is bankrupt revel casino will have to shut down this summer if they cannot find a buyer. that will be not only thousands of people out of work. >> steve keeley is on the scene down in atlantic city with the very latest on this one. it is just so frustrating, steve, because there was so much put into building this casino and it may be all for not, with you now what are they go to go do. >> reporter: i started my career here and that week august 18th to august 25th that time of the year is busiest time of the year, most expensive week to rent a house down here and being in atlantic city as a cub reporter fresh out of college that was year frank sinatra would sing at golden nugget. you would see diana ross. biggest names and stars would be here because it was busiest time of the year. so to have a shut down date of august 18th is so strange. if you are wondering why august 18th? that is not a random date that they have just picked to shut a beach front casino down midsummer when it should be the the busiest and most popular time of the year here. august 18th is the 16

. >>> the car business is giving back to detroit in a big way after the city went bankrupt. the world class art collection has been threatened, some suggested it should be broken up and sold, auctioned off to pay the bills, but now the big three auto makers pledged $23 million. it includes the works of many and the two that declared bankruptcy, gm and chrysler emerged from it to put up the money. >>> no one knows where the tradition started. it's big in paris and grown too big. we're talking about the ritual where young lovers seal their love with a padlock on a foot bridge. a lot of them date back to the liberated paris during the war but there are so many of them, tons of them, one grate has collapsed and threatening the structure of the bridge, threatening those in the river below. there are locks on a number of bridges on paris. it spread to bridges for to matter around the world to brooklyn. >>> a nasa astronaut currently on the international space station has posted a short, repeating video on vine. it shows an entire orbit of the planet that takes 90 minutes to comple

. >> what happens when a city goes bankrupt? elling what's left of itself in chunks? in detroit, city services are reduced or cut out completely. fewer buses. fewer cops. fewer firefighters. answer, they turn to each other for help. or figure out how to do it for themselves. detroit has a reputation as a tough town. but that toughness is about resilience too. the insistence on sticking with it no matter what. on not giving up in the face of the utter failure of leadership year after year. if the city abandons its parks and leaves them to become overgrown, eaten, like so much of the rest of the city by tall grass and weeds, then somebody has got to do something, right? meet the mower gang. started by this guy, tom nordone, with a simple mission of doing what they can to keep detroit's abandoned parks maintained. who are you guys and what are you doing here? >> we are the detroit mower gang. and we clean up the abandoned parks and playgrounds in this town. >> why would you do that? >> kids need a place to play. i don't care who you

shore, a double hit for atlantic city, if you will, we just got the announcement that the showboat was going to close in august. revel is going into -- it's been bankrupt twice it's going on the auction block in a short time in a month or so. two major casinos, two major employers in atlantic city taking a hit, they had hoped that sports betting would be the thing here, but the supreme court nicked the idea anymore betting outside the four states so there will be no sports betting in new jersey for now. can they survive this ajay? >> i don't think so, new jersey has a revenue short fall issue. we've had a record bull run in wall street in the past two years, they have 2.8 growth. they need something to revive the imagery. now they are talking about increasing corporate taxes and taking away incentives for companies to come into the region. that sounds like a state in a downed ward spiral that is not attracting new business or have anything viable to offer. with atlantic city one gets the family it's back to the future. it's a snapshot of yesterday you when you go there it has the feel of the 70s and 80s. this town looks like it needs a makeover and the

city's revel casino is in need of rescue. workers learned today that the casino's days could be number. >>> good evening, i'm chris may. >> he'll jessica dean. the casino is bankrupt again an employees could be out of work in just matter of months. "eyewitness news" reporter todd quinones is live in atlantic city for us tonight. could this be another losing hand? >> reporter: jessica, it looks like it definitely could be another losing hand if a new ownership group does not come forward. we're looking at the possibility of atlantic city's newest cass zen know shutting down. beyonce' perform here during the opening moss, star chef jose garr sis set up a restaurant here and guests were allowed to bring their dogs to stay with them. all of it was meant to bring tourists flocking to revel. >> it's shame because it's beautiful and sigh. everything they have to offer is lovely. so i hope they do find somebody just that it days it's. >> very unfortunate. and my heart goes out to those people but at the same time economy is what it is. >> reporter: now its own are in ship files chapter 11 bankruptcy and seeks a new buyer employees are faced with the possibility of losing

they say we interrupt the broadcast to tell you new york city is going to go bankrupt today. so i got dressed, but in a cab and went on to governor kerry's office and flap my way through the press in two minutes later the secretary comes in says mr. shanker is calling. so i picked up the phone and said i want to meet with you in the governor, no one else. i said where are you, al? he said i'm at gracie mansion. my apartment happened to be medically between the governor's office and so i said why don't we meet in ip apartment. so we locked down to avoid the press. unmarked police car and one of my apartment and a few minutes later alibis. 10 were still set at the central labor: new york in the head of local three of the ibew, clearly the most powerful union leader in new york at the time and a very tough guy. nice guys, but very, very staff. to make a long story short there is then four hours of discussion everybody had voters showing up and they were very interesting questions. i boosted the subsequently filed bankruptcy with the holder of a backbone better than the prior iss

bankrupt revel casino hotel. lawyers for the casino want an august 6th option. revel filed for bankruptcy last week. the atlantic cityasino says without a quick sale this summer there's no choice but to shut down and liquidate assets. >>> new at 11:00, members of a philadelphia synagogue are hoping surveillance cameras help police catch whoever tagged their place of worship with anti-semitic kgraffiti after morning services in ronhurst today. members found two swastikas painted on a brick facade. it's since been cleaned up. we spoke to a member about it. >> you wonder why there is still the existence of hatred in this society. >> this isn't the first time the congregation has been targeted. several months ago someone smashed the synagogue's windows. >>> acting veterans affairs secretary gibson announced new measures to help improve care for vaerns eterans in our area. he was in philadelphia today and toured the va clinic. gibson announced changes to speed up veterans' access to care, including reaching out to vets to get them off wait lists and into clinics for appointments. creating 100 new appointment slots by exte

bankrupt and that's all they get. employed in this job because we've done. oh you know ha love we have. between the stops in the city and the town that was stopping at i was going to be in the train and so i think everybody just wanted a piece of luggage you with. a hive. ability that none of us are going to be in boston for the next four days which you must buy yeah. there's nothing there that literally don't want to talk about that and of course the bastion think we don't want to talk about that because they don't to confront that so i think everybody just wanted a piece of luxury with that and so yeah ok. do . i have it haven't. we made it inside of the pile of good. and a bit of. the news the mad men he might carry this on his bet. you could probably feed a small mason. you know what even see you don't know right and i think that most of the stuff we're not even going to touch to be honest . i'm excited to see a little bit of. the for those that haven't been. away from the for the in the way for also for me nice to see a bit of. a segue into a. set. because of my. notion of the biggest thing to do once and i thi

city came to him and said, 'mr. morgan, we can't meet our payroll obligations and we're gonna be bankrupt by monday.' and he managed to manufacture $100 million of clearinghouse certificates that essentially kept new york city going through the weekend. c-span: how much... >> guest: it's an amazing story. c-span: ... how much money was he worth when he died at 75 years? >> guest: approximately $80 million. that's a little low, because it was for estate --valued for estate purposes. there was no federal estate tax at the time, but there was a new york state inheritance tax. but it was under $100 million. c-span: how much is that worth today? >> guest: well, you have to multiply by 15 or 20. so if we say it's a $100 million, it would be about $1.5 million to $3 billion. and so it was a lot of money, but not nearly as much as people imagined and not as much as other wealthy men at the time had. morgan had bought out andrew carnegie when he put together us steel in 1901, for $480 million, which carnegie personally got half, so $240 million in 1901. morgan didn't put up that money himself, obviously. he or

bankrupt and that's all they get. it is so important in this job because we. know you know ha love we have. between the stops in the city and in town that we're stopping at and we're going to be in the train and so i think everybody just wanted a piece of luggage you with them. there is a high probability that none of us are going to be bopping for the next four days which i must say i'm. not sure that literally don't want to talk about that and of course the bastion think we don't want to talk about back of it i want to confront that so i think everybody just wanted a piece of luxury with that and so yeah ok. do . i have it have. we made it inside of the pile of good. and a bit of. the news the mad man he might carry this whole thing on his back you can probably feed a small nation. you know i even see it on will right and i think when most of the stuff we're not even going to touch to be honest . i'm excited to see a little bit of. this. like the for the seven b. in. a way for the for the in the way for also going to be nice to see a bit of. a segue into a. set. because it might. be you. know who. knows maybe the thin

bankrupt and that's all they get. to put in for this to be. done. oh you know hollow we have in between the stops in the cities all the time that we're stopping at and we're going to be in the train and so i think everybody just wanted a piece of luggage you with them there's a high probability that none of us are going to be bought thing for the next four days. and they're not literally going to talk about that and of course the bastion thing we don't want to talk about back a bit i want to confront that so i think everybody just wanted a piece of luxury with that and so yeah ok. i have to have a. we made it inside of the pile and get. it a bit and. then use the mad man he like carried this whole thing on his but. you can probably feed a small nation which is. you know what even see you don't know right and i think with most of the stuff we're not even going to touch to be honest . i'm excited to see a little bit of. the for the seven b. in. a way for the for the away from also for me nice to see a bit of. you decide to ensure a. that. because of my. vocal coach. knows that he will be having the once and i th

bankrupt and that's all they get. it is so important in this job because we've done. both you know ha love we have in between the stops in the cities all the time that we're stopping at and we're going to be in the chain and so i think everybody just wanted a piece of luggage you with them. there is a high probability that none of us are going to be in boston for the next four days which i'm asa and by yeah i'm. not sure that literally i don't want to talk about that and of course the bastion think we don't want to talk about that because they don't to confront that so i think everybody just wanted a piece of luxury with that and so yeah ok. that's it. i have it i have it. we made it inside of the pile and get. a bit of. the news the mad man he like carried this on his but. you can probably feed a small mason. you know what even see you don't know right and i think with most of the stuff we're not even there to tell it's to be honest. i'm excited to see a little bit of. the for this i've ever been. away from the furthest away from old school so for me nice to see a bit of. you to segue into a. bit because of my. own. notion of. the

balancing the books in the 1470 and, essentially, the medici bank goes bankrupt or starts going belly up, and they start raiding the city coffers. and i just kept going. i kept going to these sort of moments. i went to the first accounting manual which everyone holds up as this incredible moment of rationality and finance. and the book was a flop. historians and and intellectual historians have really never examined this book. and the book didn't do very well to the point where luca pacolli was very unhappy with how the book did. these merchant italy sort of declined and spain rose up, princes became more uncomfortable with actually using accounting themselves. i went and i studied phillip ii who was the great be emperor of the spanish empire, famous for his administration, and i started looking at his accounting policies, and there's a lot of work that's been done on this by business historians, spanish business historians. and he came up with some of the most remarkable accounting reforms i've ever seen, incredibly modern, but he never brought them fully through. he put finish he tried to find account about thes. ther

bankrupt despite receiving millions of dollars of taxpayer money. up to five are killed in sloviansk by kiev on the shelling residential areas of the besieged town multiple rocket launchers to the city center one hundred days to decide scottish referendum players step up campaigns for unity and independence. water wars the un warns humanity faces a possible for survival. what other media turns a blind eye to you get on our t.v. . we speak your language. news programs and documentaries in spanish matters to you breaking news a little too negative angles kiddies stories. you hear. the spanish find out more visit. this is r.t. international chinese companies are on a shopping spree in. america investment doubled in twenty thirteen reaching a record high of fourteen billion dollars the chinese have been buying up firms in sectors ranging from energy and food to entertainment as well the biggest deal yet was last year's acquisition of america's largest pork producers out of smithfield and in the most recent case the taxpayer backed electric car company was sold to a chinese manufacturer more on this now with these very important. america's costly loss has turned into a big gain for its n