the purchase of the property for $1 billion from the city of detroit, which would really help detroit>> stephen: yes, yes, greatly help detroit. because what they really needs is a pristine private island that they can see from the bars of their post-industrial hellscape. so thank you, rod lockwood, for showing the people of detroit that when life gives you lemons take the lemons to your own island so you can don't have to share the lemonade. [cheers and applause] well, that's it for colbert platinum. join me next time when i show you how to turn a waldorf salad into a waiter losing his job. i said no green apples! [laughter] we'll be right back. ♪ [cheers and applause] >> stephen: welcome back, everybody. thank you so much. thanks so much. [cheers and applause] folks, we all know that the obama presidency is one of the most secretive in history. there hasn't been an administration this private since the secret presidency of rocky t. pendergrass, who made his name by invading terabithia. [laughter] don't believe me? look it up in the history books. you won't find it. [laughter] well t

it's not detroit vs. michigan.s detroit, if -- >> these guy what do you call him -- >> emergency manager. >> neil: what kind of decisions well he make? >> the mayor has been a great partner. we have done is in in other cities where we have an active mayor and a city council giving advice and being involved in the process because they should be involved. it's great to have them involved. >> neil: why did you do this? they're like, we don't need that. >> if you step become and look at it, we did in a progress receive thoughtful action following the law. first we tried to collaborate, how to be a good partner. the next step is a consent agreement went sat down with the city, they agreed to do a number of action that way weren't able to implement in a timely fashion. and then we looked to say, what the long-term path? there is a plan here that will work to turn detroit around? they worked hard on a good plan but it one enough. >> neil: the point is detroit d. >> detroit has been going downhill since then 1950s. it had

how do you grow detroit?e staff, the union staff and the city government by 50% and using some of those savings to pay off the debt and start cutting tax rates. let's make detroit a tax-free zone. jimmy talked about that earlier. detroit should be the hong kong of the midwest. he's absolutely right. how about that? democrats have screwed everything up. >> just blame the bankers. this is what happens when bankers run roughshod over folks putting up the money. jim's idea is a good one. the idea of a tax-free zone, creating a hong kong environment of growth, is a great idea. asking people who make sacrifices what are counting on pensions, taking those things away from those folks is pretty unfair. >> they bankrupt the city. >> they didn't bankrupt the city. >> this is like wisconsin, indiana, like ohio. >> the workers -- >> the worker's paradise of detroit. unionized worker's paradise bankrupted the city. >> workers did nothing but trust union officials to negotiate deals. >> they sit around the same table, say

detroit is mostly african-american. they voted for obama and all of a sudden, they're in the sights of this guy. it's unbelievable. instead of working with detroit to make it, get it through the crisis it's in right now, they're going to set up an emergency financial manager that's going to come in and take out the elected officials. going to take out the mayor. avoid collective bargaining agreements. instead of doing what has to be done is collect the money owed, there is millions of dollars in traffic tickets. why isn't the state helping us? it's going to happen, but i think the people in the state of michigan said no financial manager and he came right back and did it. >> so, what is the solution here? you just mentioned traffic tickets and can the city be managed into a profitable situation? >> i think they basically have to have this helping the state, the federal government, but there are tons of money that haven't been collected. they don't even know where the traffic tickets are. there's millions of dollars in r

that's the city of detroit.nor of michigan has declared an official fiscal emergency and appoint an emergency manager to take over that city's finances. we go live to detroit for the latest on all that bad news. >>> and how obnoxious could those harvard kids get pap new editorial goes after conservatives and suggests they not even bother to apply to the school. we're going to talk to the president of the harvard crimson who published that anti-free speech editorial. >> president obama wasted no time today blaming the gop for what he called dumb spending cuts. please take a listen. >> we shouldn't be making a series of dumb or b arbitrary t that people depend on like education, research, infrastructure and defense. let's be clear. none of this is necessary. it's happening because a choice that republicans in congress have made. they are saying that it's more important to preserve these tax loopholes than it is to prevent these arbitrary cuts. >> so let me get this right. it's okay to jack up taxes. but it's not o

local detroit residents.n, if an emergency financial manager is appointed, will detroit elections for mayor and city council still go forward? answer, yes, detroiters will have a primary election in august and a general election in november. what powers those elected officials will have, though, will be up to the emergency manager. so have fun voting. no, it does not really matter anymore who you vote for. perhaps not surprisingly, a lot of people in detroit today did not react to this news with tons of excitement over having the state abolish the local democracy. some people welcomed the news, definitely. others did not. the head of the local naacp said the city does not need an emergency manager. quote, we urge the state to be our partner. we do not call upon the state to be our overseer. the news agency reuters, quote, it don't take a genius to know what this is all about. they want our money and our land, and no one cares about us. and we're the ones who stuck around, not the white folks. members of the d

i'm responsible to all the city of michigan, detroiters and not detroiters and i'm focused on improvingetroit so there is an elected official in charge of this process. if you go back to the consent agreement i worked out in the city in the past we all agreed on a series of things that needed to be done and that's a starting point is to say here's a list 2061 different items that need to get done. a lot of those restill in process or need to get started so that's one of the things that clearly needs to happen and we are all part of that process. the other thing that was very exciting was mayor bing was at the press conference so say this is about partnership. this is not about someone versus someone else. this is all of us getting focused on the citizens, the customers in detroit to create a long-term environment of success let's solve the short term problems and grow detroit. >> warner: mr. orr, you spoke about wanting to have a team approach but are you going to take the views of the members of the city council who oppose some so these potential steps into account or can you just over

but to come together as detroit, michigan, not detroit versus michigan, and bring all our resources to. >> reporter: detroit's mayor, dave bing, has long opposed such a move, saying this in 2011. >> he could void all of the contracts, he or she could fire everybody quite frankly. >> reporter: joe harris was detroit's auditor for ten years. an emergency manager has the right to rewrite union contracts, would likely see government job cuts? wouldn't real people feel this? >> it simply doesn't affect the average person, it affects the government workers. it affects the politicians. but it doesn't -- >> reporter: union workers? >> union workers. >> reporter: those are real people. >> you're absolutely correct. >> reporter: real people, like a mother of eight and a government worker. she fears losing her job if more cuts come. but knows something has to change. >> at what point does someone do something that's going to make a difference. it doesn't matter if it's the emergency manager, or god. >> reporter: the rescue could come from the private sector. >> what will ultimately be looked back

of detroit needs help.their city. ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. you know it even after all these years. but your erectile dysfunction - you know,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 of bph, like needing to go frequently or urgently. tell your doctor about all your medical conditions and medications, and ask if 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 with cialis. side effects may include headache, upset stomach, delayed backache or muscle ache. to avoid long-term injury, seek immediate medical help for an erection lasting more than four hours. if you have an

droids finances a financial emergency so how does he plan to get the engine going again and lift detroit out of economic despair and ashley judd has republicans running scared is another conservative media outlet out of leashes a sexist attack on her lines judd coming under such fire from the republicans what does this say about women in politics. you need to know this we have an oligarchy problem we have a problem with fat cat bankers and corporate executives where ever since ronald reagan came into office thirty two years ago have made enormous amounts of money at the expense of the rest of us working people this chart tells the story right around the time a reagan when the billionaire class saw their taxes drastically slashed c.e.o.'s stop paying their workers enough wages to keep up with the increased productivity why because the fat cats had more incentive suddenly to take money out of their businesses now the personal income taxes were lower than they've been since the one nine hundred twenty s. it's pretty easy to understand the high personal income tax rate and c.e.o.'s keep the

in screwed news detroit's emergency manager kevyn orr begins his term a one man rule today. pointed by michigan governor rick snyder earlier this month or at the podium here will according to state officials at least help to oversee the motor city's struggling finances and usher in a new prosperity era filled with a responsive government for its residents but to many detroiters or is nothing more than a technocrat tyrant concerned citizens fear that rick snyder's real goal is not to restore the city's financial help but to force corporate governance on its residents they believe in democracy but city representatives not an elected state officials are best equipped to solve the city's problems and detroit residents worry that or will privatized vital social services and smash unions now they're starting to fight back over the weekend to try to some all backgrounds teamed up with union leaders and churches to protest that state's bloodless coup they demanded ors ouster and urged rick snyder to return control of the city's affairs to its rightful elected city council so what's

let me ask you, is detroit unique here? > > unique is a word for it. what is wrong with detroit is two things: one, they had bad management, and that is not unique across the country. but what is wrong with detroit specifically is they have a declining population and declining assessed values. so, when you have less stuff to tax and fewer people, that means your government has to get smaller. so detroit, by not dealing with these problems, has made them worse. so the governor of michigan has appointed an emergency manager to take over and straighten things out. > let's look at the national picture. what do you see out there? are there some cities or counties that are on the bubble? > > there have been a couple of stories recently, and that's what makes it seem like a wave. we have harrisburg, pennsylvania, has defaulted, but that was because of an incinerator project that had gone wrong. we have jefferson county, alabama, which was a massive default, but that was mainly because the county is kind of being run as a criminal enterprise: there are people

today was takeover day in detroit.w unelected boss, this guy, on the emergency manager's first day on the job, detroit residents decided instead of just slowing traffic in their own city in protest, they would charter a couple of buses to take their case to cleveland, specifically to the headquarters of the new emergency manager's law firm. that law firm not only supplied the emergency manager who now has unilateral control of the city. the same firm is also reportedly the leading contender to get the job of restructuring detroit's finances. so it doesn't matter who the residents of detroit voted for to represent them. that's being overruled in favor of putting their fate in the hands of this cleveland law firm. and that's not sitting well with all of detroit. detroit residents also gathered today at the statue known as the spirit of detroit, they noted that michigan voters repealed the emergency manager law in november, only to have republicans pass a new one weeks later. this has not sat well with them, and neither h

one in especially big trouble is detroit. the city faces audget deficit more than $300 milln, and has lost a quarter million residents in the past decade. today, michigan governor rick snyder announced plans to appoint an emergency manager to oversee the city's finances and operations. that would make it the largest u.s. city under state control. snyder spoke at a community forum today. >> it's time to say we should stop going downhill. it is time to say we need to start moving upward with the city of detroit. there haveeenany good people that have had many plan, many attempts to turn this around. they haven't worked. the way i view it, today is a day to call all hands on deck. to say there's been too much fighting, too much blame, not inform resources, not enough people working together to say let's resolve these issues. >> woodruff: detroit mayor dave bing said in a statement that he remains opposed to the move, but would look at all options. christy macdonald has been covering the story for detroit puic telision and s at t

and so, yes, detroit has a problem, nobody says that detroit doesn't have a problem. this emergency overseer thing that the republicans are doing in michigan, it does not seem to be that solution to that problem. it is a radical policy, which the republicans say is justified by cities and towns and school districts being in dire financial straits. the problem is this radical policy does not seem to fix the problem of these places being in dire financial straits. if it doesn't fix the problem, why are they doing it? in detroit, the opposition to being taken over. the opposition to giving up their democratic form of government. right now looks like this. looks like people driving really deliberately slowly down the freeway at rush hour. just a few cars poking along, one with a sign that reads democracy and another that reads detroit emergency manager. they're undoubtedly infuriating many of the people they're inconveniencing by this traffic jam that is on purpose. the organizers say they know what they are doing is a pain, but they are doing what they can with what they

and detroit news came without this article last week saying almost half of property owners in detroity tax bills. so when you don't have enough taxes coming in and enough revenue, basically people paying their taxes you have a problem like this. he's a very decisive man making a bold step here and we hope it turns things around for detroit. >> it is grate cia great city, harlow, thanks so much. best wishes as we go forward looking at the city of detroit. >>> up next, the hot topics face-off. the panel weighing in on a tv station airing the final hours of death row inmates before they were executed. plus, a developer creating a program that sends your tweets after you die. and sex education in kindergarten? good idea? my panelists revealed next. [ tylenol bottle ] nyquil what are you doing? [ nyquil bottle ] just reading your label. wait...you relieve nasal congestion? sure don't you? [ nyquil bottle ] dude! [ female announcer ] tylenol® cold multi-symptom nighttime relieves nasal congestion. nyquil® cold and flu doesn't. >>> welcome back. i'm brooke baldwin. outrage, controversy, talk

detroit has nearly 10,000 untested rape kits remaining. the city's financial woes are making national headlines. joyful heart is also working with kim's office to explore how to raise the 12-$15 million it would need to finish the backlog. the detroit commission is also set up a fund to which individuals from all over the country have already given $40,000, many intonations of $10 and $20 increments. from survivors in detroit i want to help, people who just want justice, people want their rapists off the street. people who want to send a message that rapist will be accountable for their crimes. where does that leave us? does it leave us defeated? no. it leaves us with where we are today. as a society. today, as a society, we say, no more. everyone say it with me. no more. >> no more. >> for the first time, nearly every organization that is working to change the haunting statistics behind these preventable crimes, whether the organization focus is on women and girls, men and boys, teens, children, rural or urban communities, it is coming to

but to come together as detroit, michigan, not detroit versus michigan, and bring all our resources tobear to say let just solve the problem let's solve the financial issues and grow detroit. >> detroit's population fell from about 1.5 million people 20 years ago to 700,000 residents today. so their cap space has completely eroded. they don't have enough money to keep the city running the way it needs to be running. the auto sector went through the complete down fall. so detroit has been on its news for a while. what this means is that if someone from the outside comes in and takes over the city, they can wipe out union contracts, they can layoff government workers without any approval from anyone else. so they have sweeping powers that will ultimately save the city a lot of money. but i think residents there are concerned about what this could mean, will it be painful in terms of jobs. >> so what happens next? >> what happens next is there is ten days, so if the city council and mayor oppose this, which the mayor of detroit was not present at the meeting, they can appeal it. and then

detroit. for decades detroit was a boom town, the heart of an industry, a city where america made things, where families worked and lived, raised their children. the home of the american dream. but the city has fallen on tough times. debt and unemployment have skyrocketed and now republicans see detroit's crisis as an opportunity to push an extreme agenda. they cooked up a scheme for elected officials with an emergency manager who could replace emergency officials and have the ability to fire employees and sell off city assets. state republicans passed an emergency manager law in 2011 but it was rejected by the voters. the law was repealed in a referendum last november. and to date gop governor rick snyder appointed an emergency manager. >> i like to think of it as an opportunity. this is an opportunity for us to work together. we are going to turn around the city of detroit through team work and collaboration. with he need to work together. the best solution are people coming together. >> wor

democracy is at stake here in detroit. our voting rights are at stake here in detroit.re are many across the state of michigan who wish to take the city of detroit and sell off its assets. i was watching your program earlier today. you outlined the problems that detroit has. that are national problems. that's unemployment. that's the housing crisis. these are the reasons we are facing the fiscal crisis we are facing. if we allow this to happen in detroit, which we are going to fight this all the way, michael nutter in philadelphia will be next. atlanta will be next. this will be spread like wildfire. >> exactly that. when you point out the other cities and the other mayors and elected officials, we talked a lot in 2012 about voter suppression. this is the ultimate voter suppression, right? the person making all the decisions is in no way accountable to voters. >> absolutely. i don't have a mayor who i can go to and say my street light is out, my garbage is not being picked up. the park is not clean. i cannot go to my city councilman and say my street needs to be cleaned

but there will be some money coming into detroit because they are virtually out of detroit, they can't'm calling that very loosely a bailout of sorts. >> well, there's certainly some government assistance from the state coming to the city, but a lot of it is the city getting its own act together. i mean for example the city is doing a terrible job collecting business and personal income taxes from the residents. that can be improved. the state can help with that. the state is selling the state fairgrounds, which happens to be in the city of detroit for -- to make room for development. that will be a boon to the city of detroit. so there are things the state can do, but it's really letting the city get out of its own way and let the private sector flourish in the city of detroit. stuart: look, i agree with letting the private sector flourish by all means but the one area you have not mentioned is the pensions which the city owes to its retired employees -- retirees. you have to cut them and get them under control and do it now. >> absolutely. we are in completely in support of significa

any indication -- i know he appointed an emergency manager in detroit.s he said about education since he came into office, elected in 2010, any indication of what he will do going forward? he is doing a lot. he has a program called great start and they're trying to work tremendously with early childhood education because again, everybody is really focused on understanding that what happens at the beginning can impact a person's entire life. so he's been doing a lot with that. he's also helped make certain that there's a removal of the cap on charter schools. so we are going to talk to him about that, how he as a governor can impact changes in education here. >> you know, i have a 4-year-old son. i've seen it in his life, how much school, preschool, early education makes a huge difference. thanks for shining the light on this. >> absolutely. >> now, much more "daily rundown" to come including the president's departure from tel aviv. but first, it's today's trivia question. who is the first u.s. house member to have a sibling serve simultaneously in the se

a detroit news analysis found half of detroit's property owners failed to and the banks were the realwhy do you say that? >> there is a situation called bank walkaways. a bank puts a homeowner into foreclosure, usually to collect fees, and then what happens is they don't want to complete the foreclosure because that would involve taking possession of the home and having to pay property taxes. so they walk away from the home and what happens in that case is that the property owner, who's been evicted, is still on the hook for property taxes. banks don't have to inform the municipality or the borrower who walked away and the borrower who has been picked up and 500 cases with just four zip codes in detroit. that was in 2010. this has only gotten worse since then. >> wow. so is there anything the city can do to say go after the banks? >> well, if the city had more money, they could conduct a house to house search and find out how many vacant homes are on their roles as unpaid property taxes and they could work back and figure out what banks are responsible. detroit doesn't have any money

but in detroit, we can't help but talk about what's happening in the city of detroit.ng me right now is the governor of michigan, rick snyder. and the news of the day is that on monday, your emergency financial manager for detroit is going to go to work. there's a lot of controversy around it. people are protesting, saying it's unconstitutional. that he's going to sell off some iconic pieces of the city in order to balance the budget. what do you say? >> well it is legal. this is a crisis. and we need to turn it around. and if you look at, we've had success with emergency managers. if you look at detroit public schools, they've had one for the last several years and we're seeing the kids learn better now. flint and pontiac have emergency managers, working with mayors. let's work with the mayor, the city council, detroit has a lot of things going on in the private and nonprofit sectoror, let's turn around city government and let's go and grow in detroit. >> the president talked about in his state of the union address, about the importance of early childhood education, y

it's detroit, michigan.fter all these years, after all the fighting and conflict that's gone on in the city and these different issues, let's come together and solve problems and give a solution because that's what the citizens of detroit and citizens of michigan deserve and want. >> some of the politicians, the folks in detroit aren't very happy with this decision to name an emergency manager. some are calling it undemocratic. the city council is considering filing a lawsuit against the state, meaning you as the governor. what's your reaction to that snl. >> that's unfortunate. that's more fighting. last april i did a consent agreement with the city saying here's a list of things that need to take place. a number of those items haven't been done yet and a number of them they didn't start working on until september. so it's not to blame them but we need better results. so the starting point for an emergency manager coming in are to take the 21 items that the city itselsaid, these are important things that ne

detroit is in a finanicial 911. the governor of michigan declared detroit a "fiscal emergency" friday. motown is reeling from a mass exodous of residents, which translates into less revenue to run the city. the governor is expected to name a manager to take over the city's finances who will likely make severe cuts to services and lay off workers. we spoke with nolan finley, a columnist with the detroit news: "the main criticism - and it's not an illegitimate criticism - is that it amounts to a loss of democracy. you have one of the major cities in america now that doesn't have a democratically-elected voice that will be answering to an appointed emergency manager." the motor city still has more than a week to appeal the governor's decision. meanwhile, detroit is turning in steady growth in auto sales. ford gained 9% in february, its best month since 2007, followed by sales at gm, which grew 7%. chrysler sales rose 4%, while volkswagen sales ticked up 2.9% - its best month since 1973. toyota sales were up 4%. automak

we always talk about detroit. >> we love detroit. >> we love the city and hurt for it.n detroit? >> well, it's needed. it's fairly straightforward. we had a financial review team come do an analysis and look at what had been going on in the city. i appreciate the efforts of the mayor and the city council to solve the problem but it wasn't enough. we need to get this turned around and we will get it turned around. turning around detroit is critical important. we need better services to citizens and need financial stability and need to grow detroit and a growing detroit will be great for michigan and the entire country and we will get this job done. >> kevin, what is the first step in getting the job done? >> thank you, joe. the first step is really sort of getting boots on the ground and looking at what needs to be done and developing a priorities list, sort of an inventory what we need to do first. my priority is in conjunction with the mayor who has promised me to be a great partner, try to deliver services to the citizens and examine the obvious issues have to do with

in fact, analysts say near lay quarter of detroit's housing units are vacant.als have turned them into literal dumping grounds for bodies. until police fine them days or sometimes weeks later. trace, today the governor announced he is appointing an emergency manager to help rein in detroit's finances. >> the man is 54-year-old kevyn orr, the one who oversaw the 2009 bankruptcy of chrysler and now will oversea the biggs state takeover of a u.s. city and he has one major goal to make sure detroit doesn't become the first big u.s. city to go bankrupt. the city is running a $327 million deficit and has not $14 billion in unfunded liabilities, things like healthcare benefits and pensions. >> the mayor and i discussed a true partnership. i'm not an elected official. never have been. do not represent the people. i aspire to be an emergency financial manager and when the mayor described his willingness to be part of the solution, and i hope as well the city council, i was compelled in a sense to undertake this endeavour. >> orr says he has a 12-16 month contract and ho

the politicians in detroit now aren't going to do that. somebody from the outside to take care of that. martha: you bring somebody in what power does that manager have to fix those union contracts? is that possible? >> the reason a lot of these major cities, you know, a lot of cities in california that are also facing bankruptcy, are looking at either a receivership or the bankruptcy option, is this may be the only way, martha, to get out from under those enormous contracts and those obligations, because once they file for bankruptcy then all the contracts are null and void and they can be renegotiated. that's what a lot of city managers are looking at doing right now, because if they stay on the path they are on right now, martha, one out of every three tax dollars collected from a shrinking tax base would go not for services, schools and roads and parks and emergency services, but to pay for pensions of people who are retired. you just can't run a city that way. martha: you know, mat matt back to the election and president obama talking

the citizens of detroit are my customer. >> what if i'm in detroit, reverend charles williams and others raising this, in all due respect, and i vote for city council and mayor to represent me during the financial crisis, now you bring in someone unelected, like in pontiac we had someone on the show who came in and sold the silver dome for half a million dollars that was valued at -- i mean, kevin has no one to answer to that -- in the local constituency. that's undemocratic. >> governor? >> let's put it in perspective, reverend, because you brought up flint, michigan. we have the city councils still giving input so there's still a process going on involving those elected officials. >> the governor didn't really have an answer for my questions. but pretty soon he will have to answer to the voting public. >> the timeline we're working under is basically an 18-month timeline, which would be october or so of next year. this will be a very clear issue by next november and i'm happy with that because i should be held accountable and we're going to show results. >> on at least one point i agre

his story and their story tonight from chelsea clinton. >> detroit's east side. a shell of the neighborhood coach sweeney knew as a boy. >> this was a middle class neighborhood. this was the american dream right here. look at this stuff like this new. >> reporter: it looks post-apocalyptic. >> if you post a tank right here in the middle of the street, you would think it was a war zone. >> reporter: today detroit is one of america's ten most violent cities. so coach cawley opened a safe haven. >> everybody, slow down. normal pace. >> reporter: the downtown boxing gym. here kids learn discipline, confidence and the rewards of hard work. >> it took me a long time to get good at everything. at least two weeks. >> reporter: at least two weeks. two weeks is a long time? >> that's a long time. >> reporter: for the last three years, this has been ka'deem anderson's second home. >> when i was younger, i used to get in a lot of fights. >> reporter: the 15-year-old is different now, no longer tempted to stray into trouble. >> i want to thank khalid from the bottom of my hea

. >> detroit has been in financial trouble for years and years now.now the state of michigan is ready to takeover. they would be the largest city to have a state control test finances. >> michigan governor rick snyder declared a financial emergency in detroit which effectively clears the way for the state to assume control of the city's books and decide whether detroit should file for the largest municipal bankruptcy in u.s. history. snierd has identified a top candidate to act as the stays emergency manager but wouldn't idea my the actual person. detroit faces $327 million budget deficit more than 14 billion in long-term debt and persistent cash flow issues. detroit mayor dave binge says he will try to work with the state he is against having an emergency manager. detroit officials have 10-days to request a hearing from the governor about the decision which snyder says will be held on march 12th. after that he will confirm or revoke the declaration of emergency. if he confirms the emergency as expected management of fiscal affairs would have a board

detroit is now officially in a financial emergency.s the words from the michigan governor, rick snyder. it means detroit could soon be the biggest city in the nation to have the state take over its finances. the one-time industrial power house once the fourth largest city in america is now the america's must miserable city according to forbes magazine. it's more than $14 billion in debt and cannot afford to keep the streetlights on in some areas. by some estimates. 1/3 of the city is now abandoned. police say criminals are dumping bodies in empty homes detroit halls 10 days to appeal today's emergency declaration. then the governor says he will decide whether to appoint an emergency manage tore take over detroit's books. >> it's time to say we should stop going down hill. it is time to say we need to start moving upward with the city of detroit. >> shepard: union leaders say appointing an emergency manager could lead to more cuts in city services. local naacp leaders are also against the move saying democracy should not be taken from t