how is it buying only products in detroit, farmers in detroit, helping detroit?ring 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 am doing a it in 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. it wasn't just about me anymore. i had to quit. [ male announcer ] along with support, chantix (varenicline) is proven to help people quit smoking. it reduces the urge to smoke. chantix didn't have nicotine in it, and that was important to me. [ male announcer ] some people had changes in behavior, thinking or mood, hostility, agitation, depressed mood and suicidal thoughts or actions while taking or after stopping chantix. if you notice any of these, stop chantix and call your

how is it buying only products in detroit, farmers in detroit, not helping detroit?roit. 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 it at a place i love. and i am demonstrating that yet another person gives a ] mute [ 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. so i can reach ally bank 24/7, but there are no branches? 24/7. i'm sorry, i'm just really reluctant to try new things. really? what's wrong with trying new things? look! mommy's new vacuum! (cat screech) you feel that in your muscles? i do... drink water. it's a long story. well, not having branches let's us give you great rates and service. i'd like that. a new way to bank. a better way to save. ally bank. your money needs an ally. open to innovation. open to ambition. open to bold ideas. t

detroiters hate it.hould point out, wallowing in a ruined porn. >> what is this part of the factory? where are we standing? >> this right here is where the assembly line was. this was a paint booth right here, they'd paint the cars. you can see in the floor where they have the wash for the overspray. something that ended 35, 40 feet over here. there's bridges here between the main building and the assembly lines actually came across the bridges. you'd get the possibility of an assembly line three quarters of a mile long. >> you're talking hundreds if not thousands of people all working on the process. >> yeah. >> this is sort of kind of a -- it's not a perfect model for detroit but it's a perfect model when a big factory goes down, it's not just 33,000 people. that's 33,000 families who are going to be eating dinner out less. >> you've got a point there on that. >> most people i would guess have no idea what a packard even was. we're talking about one of the great luxury cars in the world, yes? >> yeah,

how is it buying only products in detroit, farmers in detroit, not helping detroit?erybody here lives in detroit. >> if i ask the same question, i say i don't [ muted ]. i'm doing it well. rice, right, exactly. >> i'm doing it in a place i love. and i am demonstrating that yet another person gives a [ bleep ] about detroit and 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. ace, bob will retire when he's 153, which would be fine if bob were a vampire. but he's not. ♪ he's an architect with two kids and a mortgage. luckily, he found someone who gave him a fresh perspective on his portfolio. and with some planning and effort, hopefully bob can retire at a more appropriate age. it's not rocket science. it's just common sense. from td ameritrade. her long day of pick ups and drop offs begins with arthritis pain... and a choice. take up to

how is it buying only products in detroit, farmers in detroit, helping 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. [ male announcer ] the new new york is open. open to innovation. open to ambition. open to bold ideas. that's why new york has a new plan -- dozens of tax free zones all across the state. move here, expand here, or start a new business here and pay no taxes for ten years... we're new york. if there's something that creates more jobs, and grows more businesses... we're open to it. start a tax-free business at startup-ny.com. isn't it time you discovered the sleep number bed? because only the sleep numb

how is it buying only products in detroit, farmers in detroit, helping detroit?n 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. [ male announcer ] this is joe woods' first day of work. and his new boss told him two things -- cook what you love, and save your money. joe doesn't know it yet, but he'll work his way up from busser to waiter to chef before opening a restaurant specializing in fish and game from the great northwest. he'll start investing early, he'll find some good people to help guide him, and he'll set money aside from his first day of work to his last, which isn't rocket science. it's just common sense.

you detroiters are proud of detroit. the outside workers look at detroit and says, "what a mess?", you guys say, "maybe it hit bottom, maybe it will be okay." >> this week is a good example, you said it $390 million. 50% better than moment superbowls generate. in there be up 10% from a year ago. that's a microcosm for the improvement we are seeing in detroit. i'm an investor, i think that detroit is a low discounted value stock. cheap stocks can stay cheap for a long time. importantly in 2014 the more catalysts are there to see if detroit sees a rebound after 30 years of secular deline. >> the class half full look stays can't get worse. >> they are stabilizing. >> when i look at the combination of job and income growth, compared to the u.s., 12 to 13 quarters, we have been growing faster. our debt is rated ccc minus by standard & poor's, the same rating from moody's is stuck at a depressed level. we have a long way to go. the catalysts are there for improvement. this is a tip-off to what can happen. >> there's one trick. you say metropolitan detroit. if you take the city out some

detroit. that's because it's sending the dollar up against canada's currency. that matters for detroit which sits on the detroit river between the united states and canada. detroit is an international trade hub linking both countries with the rest of the world and canadian's decline against the u.s. dollar has negative implication force american businesses for detroit and beyond. americans and canadians regularly cross the international border to visit each other and to shop. >> believe me, the timing between the two is generous on both sides. they come here and we go there. >> visit tours detroit has been bolstered by a strong canadian dollar. >> we do get a lot of canadian traffic that come here and spend the day here, which is great. they make it an outing. >> but that could change. the canadian dollar is weakened some 10% in the last year against the u.s. dollar with many predicting that it will weaken further in 2014. in border cities across the u.s.-canada boundary think seattle or buffa

around detroit. those 10 counties during the same time when detroit went from 2,700,000 has gone from 3 million to 5 million population. leftof the industry that downtown detroit resettled in the counties around detroit. if you look at the five top economic new economy sectors in 10 counties around detroit are among the top five. greater troit is flourishing. the detroit from the 19th century, bound by these ancient, antiquarian and observe boundaries -- we have to readjust. we have to talk about cities in terms of metropolitan regions. we have to redefine our cities in terms of the demographics and economics of the 21st century. that is also a political battle. tavis: michael bloomberg is going out as a three term mayor of new york city. expectation in new york city that de blasio would do something about not just quality-of-life issues that bloomberg did a pretty good job on by and large, but on the issues of poverty and disenfranchisement and class. give me some sense of what you think he might be

now this is a big question but what about detroit what's happening there. so detroit. you know there's just no tax base in detroit and they have a municipal infrastructure that had built up over decades and even the size it was it didn't provide many services and in many cases took on debt sometimes to patch deficits. the big issue in detroit in the bankruptcy proceeding is the pension obligation bonds that were taken to fill a hole again this pension liability and the swaps that were taken out to hedge those because the pension bonds were variable rate bonds. it's a fight it's just really just a dog fight now in the courtroom of judge rhodes he's of the federal bankruptcy judge there you have bond insurers fighting the emergency manager kevyn orr who's fighting the unions who's fighting the pension fund. bondholders it's like any bankruptcy proceeding except that municipal bankruptcy doesn't not have a lot of established law so in many of these cases you're litigating this on sort of the first turn who's going to get preference in this and you are the structure. just

now this is a big question but what about detroit what's happening there. so detroit. you know there's just no tax base in detroit and they have a municipal infrastructure that had built up over decades and even the size it was it didn't provide many services and in many cases took on debt sometimes to patch deficits. the big issue in detroit in the bankruptcy proceeding is the pension obligation bonds that were taken to fill a hole again this pension liability and the swaps that were taken out to hedge those because the pension bonds were variable rate bonds. it's a fight it's just really just a dog fight now in the courtroom of judge rhodes he's of the federal bankruptcy judge there you have bond insurers fighting the emergency manager kevyn orr who's fighting the unions he's fighting the pension fund. bondholders it's like any bankruptcy proceeding except that municipal bankruptcy doesn't not have a lot of established law so in many of these cases you're litigating are sort of the first turn who's going to get preference in this and you are the structure so it's jus

you are watching "real money" live from the detroit auto show.ivists show the >>> don't go anywhere, because the staem is up right after "real money." and we are talking about women in the military and their readiness for marine combat. now the corps is delaying the requirement, begging the question whether military readiness is being sacrificed in the same of gender equality. among our guests two very high-ranking military women with opposing views. >>> the u.s. auto industry's recent struggles have taken a heavy toll on american auto workers. today there is reason for guarded optimism. the restructuring that closed plants and reduced labor costs have made american plants more competitive, and in 2009 there are new jobs on the horizon, many outside of detroit. but as david ariosto, compared to the pags many of these jobs mean more hours, less pay, and more skills. >> reporter: this was one the picture. assembly lines turned out cars at a frenzied pace. in 1950 about 17% of american workers produced autos and auto parts. today number is less than

i was born and raised in the city of detroit. and i still live here today. and i see a lot of positive change. i think that detroit is on the move, headed in a very favorable direction. >> yet the money coursing through the motor city bypasses vast neighborhoods where more than half of the city's population has vanished in the last half century, leaving massive pockets. >> there's a lot of poverty and a lot of transportation issues for people, and we have a gentleman who i believe is mentally distressed, harmless, lives in a tarp behind our building here. >> a decline in the decades could take decades to fix, and yet as some mission ut on detroit's fragile recovery, many see cracks in the fortunes. aljazeera, detroit. >> you're looking live right now. this is the scene at the white house. we're waiting for president obama and the first lady to speak. they're looking at forums to expand college opportunities here in the u.s. non-profit sector and big business for today's event. we'll bring that to you live. >>> having faith in hollywood. why movie makers are

detroit is focused on politics. if you have a policy or a green initiative, it is better to find a different place to do it. host: "the financial times" notes that car shows -- all over the world. all of the country, callers are calling in. chris is on our line for independents. good morning. i would like to state the state of the uaw and gm -- i retired from gm after 31 years -- right now they are doing great. i would like to state that the retirees, since the recession, they threw us out with the bathwater. that is my comment. host: chris. that is your comment this morning. marty is waiting on our line for republicans. you are on with david shepardson of "detroit news." caller: thank you for taking my call. one of the biggest misconceptions pertaining to this bailout was a was not backed by mitt romney. he proposed a government bankruptcy versus a government -- host: marty, we can hear you. just go ahead with your comment. caller: versus a government bailout. a big deficit and to would have made the union contract

detroit's come back.ell me why. is. >> well, you can't minimize the problems. you just heard about the deficit and the concerns about the artwork. but there's so many things that are good that are happening now. starting with the auto show and starting with the success of the auto industry. but over and above that we have a new mayor, the mayor's working with the emergency manager, the emergency manager is worrying about the banks, the mayor is worrying about running the city. we have dan gilbert and quicken loans, they bought 32 buildings and rehabbing them, people in the streets, new restaurants, new retail, getting grocery stores. we had a shopping center built within the city of detroit opened about six months ago, probably the first new shopping center in the city in a generation. so there's a lot of good things happening a lot of good people working together and everybody pulling in the same direction for the first time in a long, long time. >> i got to ask you when did you open your restaurant, wha

. >>> chipping at roots to help detroit get out of debt.we will take you live to the detroit auto show, kicking off today. >> next we consider sacrifice and whether saving some members of endangered species is worth assault. afghan president karzai is long accused the un >> welcome back to al jazeera america. i'm tony harris. here's a look at your top stories. the water ban has now being lifted from west virginia. 300,000 people have been without water for five days. investigating whether new jersey governor chris christie improperly spent hurricane sandy relief money, christie's office says the review is routine. the audit could take several months. >>> arguments for the first tame today over using a provision of the constitution to make the appointments of high government officials while that the is in recess should be allowed. >>> 2013 was a tough year for detroit. declared bankruptcy in july and has been trying to pay off $20 billion in debt. creative ways of getting out of the home, selling off art. but guess what: things are already l

we're going to talk about detroit now. >>> a story we first told you on friday, detroit's police chiefs that more people with concealed weapons would deter violence. even though his city has one of the highest violent crime rights per capita in the country. so why does he think more guns would help? the detroit police chief james craig joins me now. it is probably really cold where you are as well. thank you, sir. >> thank you. >> listen, you have, in the past, called for stricter gun laws and called on congress to ban assault weapons and put in place other gun control measures. but you think more concealed weapons is a good idea. why is that? >> more concealed weapons by good americans who are responsible. very different. you know, certainly in detroit we have a very different situation going on here unlike other places i have had the good fortune of working. it's no secret detroit's violent. there's a violent culture. the criminal predators here are very violent. so good americans who are responsible who conceal weapons can make a difference. there are studies that show that. >> we w

here in detroit.robably unlike a lot of other places. i am excited we have seen a 17 percent down turn in homicide last year. i wish i could have been in the start of the year we would not have cracked 300 homicides. but i know the viulent felons in the streets are concerned about armed citizens than police. why do i say that? we made arrest with suspects with body army. they wear body armor to protect themselves from criminals. but also they know good citizens are armed. and they also, the suspects, they on occasion will cause the victims to disrobe because they want to determine whether or not that citizen is armed with a gun. so believe me, research bears this out. it is not just james craig. i have professional experience to make that kind of assessment. >> it is working. chief, i appreciate you being here and for the success you are seeing in detroit and making detroit a safer and better city. we are grateful for all of the efforts you make. thank you. >> thank you. (applause) >> country music si

we have seen 52 less people murdered in the city of detroit. 105 less people shot in the city of detroitnly been here six months. we are trending in the right direction but it's here's the bad news we saw 333 murders for 2013. compared to new york, we're a city of 700,000. look, this whole thing with concealed weapons has been around in detroit now for about ten years. >> you can get a license to carry -- you can get a license to carry in detroit. it's been on the books for a while now. >> this is not new. >> i want to tell you what the brady campaign told me. their comments go like this the american people know there are better answers to violence than putting more guns on the streets that too often wind up in the wrong hands. we are better than a nation of vigilantes like george zimmerman who was permitted to carry a gun despite his history of violence. what is your response? >> we are not talking about vigilantes. we are talking about good americans who are trained. good americans that need personal protection. i don't care what city you talk about. we cannot be everywhere. we had a 9

us from detroit. >> bloomberg news will be live at the detroit auto show later as well.will include ford ceo alan mulally. >> let's get some other company news for you. in talks to sell enterprise businesses. the unit selling services equipment. a chinese investment sale would allow the company to focus on more profitable network contracts. president of the north american division loses the third north american had in seven months. accenture has won a contract with the u.s. government to take over construction of healthcare.gov. that is if the obamacare and enrollmentte -- website. a one-year contract with an additional payment of $45 million. >> a meeting of the mines at the white house today -- president obama and the spanish prime minister sit down to talk trade. >> we will tell you what you need to know about the rest of the trading day. that is coming up next. ♪ >> welcome back. it lets talk about the currency markets. the impact of the poor payroll markets -- reports beginning to be felt. again trading at three- tradings -- dollar-yen at three-week lows. i want to

look at detroit. detroit has built every freeway the michigan d.o.t. has dreamed up and it doesn't have a lot of congestion. it doesn't have a lot of congestion anymore but it's depopulated. it's a place that is just covered with these freeways and they haven't helped the city at all. there's only one store -- there's only one store in all of detroit that has more than 50,000 square feet. and that's a heavily subsidized whole foods that was just built. >> let me turn to robert brugman then. should we be making smarter choices, better choices from what we build here on out? >> i certainly think smart is better than dumb but for people who say smart growth is the answer meaning more transit, i think that more transit is not necessarily the answer. i think that calling the detroit, thinking that detroit has failed because of its highways, is ridiculous. it's failed because of a lot of bad policies but not necessarily those transit policies. now you -- >> but professor recently in recent past, cities as diverse as los angeles and salt lake city have put in

shots at 34-22 in favor of detroit.re those who would have -- that would have gone in, or goals had they not been stopped by the goalkeeper. so 32 saves -- or check that, 33 saves have been made by bernier who is now ready for another. this is thrown by tatar, and it bounced up high and sailed out of play. if you were following us, it's not a scoring change. it still remains with us, bozak's goal. once in a while we are right the first time. the shot and it went rocketing wide. >> eddie: good screen in front by abdelkader. bernier never saw that. >> pierre: a change for detroit having tatar on the ice with abdelkader out and bertuzzi. >> mike e.: phaneuf. batted it around. david clarkson to take it there. led it back ahead to the carry-on by mcclement. oh, and he stood up high and hard there. by lashoff. turnaround try by clarkson, would not go. kicked around in front and can be worked along, and the red wings see this one skipping back down. tatar there coming out. bernier. and it is turned along to center. abdelkader

dollar. >> reporter: much has been made of detroit's hardships over the years.t suffered from a declining manufacturing base and more recently the city's financial woes. but there is a real sense that detroit is turning the corner. >> this is our chance to rise from the ashes and be stronger than ever. >> reporter: except the weaker canadian dollar on the horizon means they may lose out on trade across the river. >>> that was ali velshi reporting. and you can catch ali on "real money" at 7:00 pm eastern time on al jazeera america. >>> and coming up, on illinois town fighting a company that they say is polluting their environment. >>> welcome back to al jazeera america. i'm del walters in new york. here are today's headlines. the vatican being forced to deal with child sex abuse in the catholic church this week. report out today shows just how widespread the problem is worldwide. tomorrow the vatican sits down with the united nations to discuss the situation. >>> today the house sits down to discuss the budget bill. >>> it's all about the numbers, president obama

we're counting down to the detroit auto show.merican car makers earn the right to show off this year with big sales under the hood. i'll be bringing you the show live from the floor of the cobo convention center on monday. let's go for a preview. mark, the auto critic for the detroit free press which is the place you want to be. mark, there are years in the last decades where i would have been interviewing a guy like you on the friday before the auto show, and there would not have been a smile on your face. there were dark years in the auto industry. >> we've come through the valley of death, you might say, and we've come out on the other side and everyone is very pleased and optimistic with the prospects with the new vehicles they're going to introduce. >> part of it is that the economy is doing better, but part of it the car industry over the last few years got sexy again. it became fun to make that big investment in the car or if even if why are not buying one, to see what was out there. >> for a while they forgot that they we

like detroit, they made some big promises pensions, and detroit's problem is that the pensions are unfunded, and puerto rico's problem is it has bonds that it can no longer pay out on. explain how critical the bond component is to the economic situation in puerto rico right now? >> let's put it this way. only 41% of the people who can work actually work, and out of those, one-third work in the government and they receive generous pensions and benefits. and thus, the government in puerto rico has been getting in debt, more and more in debt, and now, the credit rating has been downgraded several times, and now it's only one notch above junk status. so puerto rico down to junk stated us any time. and when that happens, a lot of people are going to lose confidence in puerto rico's ability to pay debts, and we might see the island going into default and that will be the first. and a lot of people will be watching what happens in that case. >> a lot of people are responding on twitter: hugo delgado, you are a high school teacher in puerto rico, and who is responsible for this crisis? >> it has be

contribution plans joining me from detroit now for more on this is palin is a pastor at the alexander bullock and national spokesperson for the change agent consortium pastor bullock it is so great to see you again welcome back. thank you and happy new year to you too i i hope i hope our skype comes back as it looks like it just croaked but just just to give people you know a summary of what's going on here in detroit the first of all we had the governor rick snyder come in and say that the city the city of detroit was going to have to go into bankruptcy and you know just create basically this horrible mess and and put kevin or his little dictator his emergency manager in charge of the state and that emergency manager law. actually this is before this has been a tried this happened like a year. a year or so ago in benton harbor and then in flint and so the people of the state the citizens of the state of michigan said we think this merger is the manager was wrong you know it's illegal and they got together referendum and they voted it out and they're publicans got together voted it ba

in detroit, michigan. some collars and folks on twitter have mentioned they believe the bailout was more for a union quagmire -- for a union. "this was a total bailout of the uaw and nothing more." eugene is waiting inches long, minnesota, on our line for -- is waiting in chisholm, minnesota, on our line for independents. caller: i am a strong union person and i disagree with the unions causing the problem. think back, all the car companies said it was bankrupt for the years. they had a good product that was far ahead of its time. the government did not do anything to help them, they just let them go by the wayside. they did not have any choice but to do one of those two things. ander go on unemployment get nothing out of it, or helping the company. and people get a decent wage. host: eugene calling in from minnesota. we have ernie waiting from wisconsin on our line -- we have bernie waiting on our line for democrats in wisconsin. caller: my concern is that an american citizen would not feel the passion fo

detroit a couple inches and chicago a couple inches. it's been all rain in places like jacksonville florida. the two combine, we get a very strong low pressure, all that mose tour coming into that cold air, and we are talking about at least a foot of snow for the albany area. we've got winter storm warnings in effect, even blizzard warnings in effect for long island. we're talking about gusty wind, reducing visibility. high temperature, only 24 degrees in boston. not even getting above zero in parts of new york state and northern new england and still colder than average as we head toward the weekend. keep in mind, a lot of folks are still traveling. it's a holiday week. and there's a look at what we can expect on friday. back to you. >>> in colorado today, the start of a brand new industry, as that state became the first in the country to make it legal for most people to buy marijuana. and on this first day of pot sales, business was booming. nbc's gabe gutierrez is in denver for us. >> reporter: good evening. the line behind me is sti

and now they're going through the assets of the city of detroit deciding what they're going to sell off to rich buddies of governors and who knows all you know who all my you know for example the the detroit artists is there is is passable is back with us. he is great. welcome back yes back to the magic of technology so what does this mean this pension for its. will what it means is that you have one man who has unilateral control over all areas of city government and city of detroit. who put a freeze on the pensions for the general retirement system and of course this is the system for the the city workers that are not in uniform namely all city workers except police and fire we just got an update today that now he has put a state on that three days. and he reserves the right to free or not free depending upon whether or not he feels that the negotiations in federal court or are going fast and this is gangster politics at its best democracy has been thrown out of detroit and now we're seeing that the most vulnerable folks in the city workers who have varying pitch in some as high a

we will road trip to detroit. a ford 150 in aluminum? a ceo, dealmaker jimmy lee opens up on how he got where he is in his career, part of a weeklong series here on bloomberg. a tribute to the former israeli prime minister laid to rest. finally, more than just the words. golden globes, they had it all last night. we will have fun with that. kicking it off, two the names in headlines over the weekend and over the past few days. chris christie. very different situations. answer to the question everybody is wondering, are these guys telling the truth? we will start with a-rod. he will set out the entire 2014 major baseball league season. over the weekend, rodriguez cut suspension on repeal. the suspension for violating the performance enhancing drugs -- >> he was the pelt on the wall. they went so hard, they are paying for cooperation. they wanted to make an example of this guy who went to such lengths to lie to major league baseball. let's see if it permeates the rest. >> rodriguez says he will fight the decision in federal court. he said

bill ford from the detroit auto show. >> thank you so much.ou have to wait for new airbus plane to be delivered. the head of airbus joins us. ♪ >> this is bloomberg surveillance. i am here with tom keene and cristina alesci. time for some company news. we start with breaking news that happened in our ago. the japanese whiskey and beer maker, is paying $16 billion to buy maker's mark w. they will pay a 25% premium. the cfo of general motors says the automakers will move closer to reinstating a dividend, imprudent -- improving cash flow. they have built a case for payout. gm has suspended its dividends back in 2008. and universal pictures taking the number one spot with "lone survivor here co. the film about a two thousand five navy seal operation in afghanistan took in 30 $8 million in ticket sales. frozen took the number two spot. that is today's company news. >> for a wreck -- for a relaxing ory time.t >> a little bit more intensity. them for a relaxing time -- them i you are know bill murray. -- >> you are no bill murray. your expertise is i

. >>> up next, detroit needs you. shrinking motor city and new bid for survival and this time it involves flying in tens of thousands of immigrants. have you heard about this? >>> is harsh criticism from the boss giving you sleepless nights. stick around. how you should make the most of all those sly little digs from management. it can help you. more "money" coming up. [ male annocer ] e newew york is open. open to innovation. open to ambition. open to bolds. that's why n york has a new plan -- dozens of tax free zones all across the state. move here, expand here, or start a new business here and pay no taxes for ten years... we're new york. if there's something that creates more jobs, and ows more businesses... we're open to it. start a tax-free business at startup-ny.com. but with less ergy, moodiness, i had to do something. i saw mdoctor. a blood test showed it was low testosterone, not age. we talked about axiron the onlynderarm low t treaent tt can restore t vels to normal in about two weeks in most men. axiron i

this is not a bail out of paying debts directly for the city of detroit. this is not a bailout of banks and creditors. this is focused in on helping reduce and mitigate the impact of retirees. it's focused on protecting assets. it's focused on good results and allowing the city to move forward in resolving this ways in a positive rather than negative way faster and better. >> reporter: the next step is for this deep to go before the legislature. and if it passes then it's the bankruptcy federal bankruptcy judge that has the final say. >> bisi, why is it taking so long for the state to step in and provide some help? >> well, tony, it was back in december just a couple of weeks ago when the judge declared the city eligible for bankruptcy. from the sounds of it from today's press conference the governor here in lancing has been hard at work figuring out this plan. >> to what extent will this plan put a dent in the overall debt facing the city? >> reporter: over all the city of detroit is facing $18 billion in debt. >> we just lost bisi. my apologies, bisi oni

lyndon johnson once described detroit as an outstanding success story. millions poured in to help the poor. despite the effort 50 years later the motor city is considered a failure. since 1966 its population dropped by 400,000 people. al jazeera's reports on what went right and what went wrong. >> detroit today stands at the threshold of a bright future. >> it was 1966. motor city was the automotive and music capital of the world. detroit was considered a model city for lyndon johnson's war on poverty. in 1967 the federal government sent 490 million to detroit to fight the 36% poverty rate, fund low income housing and social programs. in the summer of that year, this. a domestic rebellion. rioters destroyed city blocks, dozens of people were killed, thousands injured. >> 1967 was first and foremost about police brutality and violence against people in the neighbourhoods and the inner city of detroit, and the lack of economic opportunity. >> those were two things that the poverty programs were not set up to address. >> sheila cockrel was a civil rights ac

g-m isn't the only automaker "showing off" in detroit this week.luxury brands continue to top the "trend watch." buzz is big surrounding cadillac's 20-15 a-t-s, as the lower cost luxury model attracts consumers. the head of daimler is expecting sales of luxury cars to pop 5% this year. jack nerad of kelley blue book says when it comes to car shows -- detroit stands out. "the detroit auto show has more influence than it has had in several years. we've seen other international auto shows..the tokyo show is a perfect example...kind of decline in importance, we're seeing thousands of foreign visitors here in detroit. i think it has all the strength that it's had in many, many years. " toyota is also aiming to stand out this year. it's new "f-t one " concept car is already grabbing headlines, as the automaker aims to reshape its reputation with the shiny new sports car. thanks chuck... coming up.... "why ford's hot new pickup is turning heads in the options market.and,bill moller explains why bad credit can blow your chances at getting hired...we'll be

the motor city shows off the latest cars and trucks at the detroit auto show. if the supreme court is looking at a potential landmark case concerning president obama. the high court will examine whether or not the president overstepped his authority when he unilaterally declared the senate was in recess and appointed three members to the national labor relations board. libby casey, good afternoon. why is this case so important? >> we'll watch for the decision made by the supreme court late july when they round out their term and at the heart of this case is whether or not a president in this case, president obama can make appointments when the congress is out of town. the white house says if the congress is gone the president can move forward and not only nominate people to serve on boards to serve as judges but also can go ahead and install them. senate republicans have a very different interpretation. they say if the senate's out of town doesn't necessarily mean it's on an official recess. recesses technically only happen twice a year, in between sessions. se

you know, they have a football team near detroit. hasn't done particularly well. rumor on the street is he's going to become the head coach of the detroit lions. >> let's put that rumor behind us. i absolutely love serving the ford motor company, and i'm so excited to present the next new dynamite version of the f-150 to you both. [laughter] liz: what does it say the demand of the f-150s, alan, what does that say about the housing industry? a lot of contractors use that truck. are you getting any insight, any window into how the housing market is? >> absolutely, liz. and it's really strong indications. we think that based on the availability of the truck and how people are using it across all of industry, that we're seeing very strong demand. our sales were up last year, our market share was actually up last year also. and we think that that's going to turn into a gdp expansion for 2014 of upwards of 2.5%. you take he average age of vehicles, liz, as you know it's around 10 years old, you can now economically obsolete your older vehicle with any one of these new f

al jazeera's ali velshi is in detroit where ford is a big attraction. he spoke to ford's ceo alan malawi about the show, the future and concerns. >> we announced the f150 and all the developments. it is lightweight material, turbo charging and all the improvements that we are making in fuel mileage. hauling capability and cargo capability, and the features. it's a great day for ford. >> outside of ford 2013 was a banner year for the u.s. auto industry. there were a lot of people that thought we wouldn't get to those numbers. was that better. obviously you had forecast so long. what does it say about our economy? >> it's saying a lot of positive things. it's where we say it would be. we also thing that based on the economic recovery, we'll see an economic expansion of gdp of 2.5% for the next year, and an industry between 16 and 17 million units in the united states. >> what did you do last week in ces when one of the guys collected information on drivers. cars have the black boxes, like aeroplanes. this is a business you know about. . >> right. >> it ma

violent culture here in detroit.aces. now, i'm excited about the fact that we're seeing a 17% downturn in homicide last year. i only wish i could have been here at the start of the year. we would not have cracked 300 homicides, but i also know the violent felons that are out in the streets, they're more concerned about armed citizens than they are armed police. why do i say that? because one, we made arrested with suspects who wear body armor. are they wearing body armor for police officers? maybe they wear it to protect themselves from other violent criminals, but they also wear body armor because they know good citizens are armed. they also, the suspects, they on occasion will cause the victims to disrobe because they want to determine whether or not that citizen is armed with a gun. so believe me, you know, research bears this out. this is not just james craig, but i do have the professional experience to make that kind of assessment. >> well, and it's working. chief, i appreciate very much your being here. and fo

detroit is one of the most dangerous cities in the united states and has topped the list for the past five years and response the city has reorganized their police department under the direction of chief james krag and has seen measurable success the murder rate dropped fourteen percent from two thousand and twelve to two thousand and thirteen what's a secret well kreg says he's seen that good citizens who are armed can deter violent crimes take a listen. but here's the key what main point is safest places in america. one of the safest places in america is not by crime would not exist and certainly in portland maine they had gangs they had narcotics suspects they had shootings but clearly suspects knew good americans who are. joining me to discuss is matthew feeney the assistant editor at reason dot com and reason twenty four thanks for joining us so what do you think about this do you do you agree with that having an armed citizenry can that really make a criminal think twice about doing a violent crime i don't think it should be surprising to people you know that they go living in a

a plan to save detroit.of michigan's claim before commerce brings up a plan to turn the state's belle isle into a capitalist utopia. ♪ so ally bank really has no hidden fees on savings accounts? that's right, no hidd fees. it's just that i'm worried about, you know, "hidden things." ok, why's that? well uhhh... surprise!!! um... well, it's true. at ally there are no hidden fees. not one. that's nice. no hidden fees, no worries. ally bank. your money needs an ally. is your tv powered by coal? natural gas? nuclear? or renewables like solar... and wind? let's find out. this is where america's electricity comes from. a diversity of energy sources helps ensure the electricity we need is reliable. take the energy quiz. energy lives here. lori: could a thousand acre island off of detroit be the new hong kong? our next guest says it could be even better and he has a plan. dennis: rodney lockwood, principal at lockwood development has radical proposal to create a capitalist paradise in the motor city. good to have a