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Feb 15, 2014
02/14
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bring people to detroit, to do what? if it is a hope that these people will be entrepreneurs, it's called the entrepreneur visa, and perhaps they could try to access that. >> a lot of immigrants talking about the united states is the ultimate dream instead of places like germany, explain why. >> the united states has the advantage for all the people who vie for the same people for the very best. the reason why they come to the united states is because they have an opportunity to get the best returns on what they have put in themselves, into their own human capitol, their education, their experiences. in no other places can you see returns that are massive and quick. immigrants at the high end go to places where interest are other immigrants of the same type. there is an immigration affect that greats greater opportunities for all involved. >> this is certainly interesting discussion. thank you for joining us on "real money." >> the winter olympics in sochi has put russia in the global spotlight, but in the business world
bring people to detroit, to do what? if it is a hope that these people will be entrepreneurs, it's called the entrepreneur visa, and perhaps they could try to access that. >> a lot of immigrants talking about the united states is the ultimate dream instead of places like germany, explain why. >> the united states has the advantage for all the people who vie for the same people for the very best. the reason why they come to the united states is because they have an opportunity to get...
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Feb 15, 2014
02/14
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bridging in 10 nouz -- bringing in 10,000 people a year in detroit to do what? is it the hope that people will be entrepreneurs, there's a different visa, the entrepreneur visa, perhaps they can access that. >> i was going to say, i understand that a lot of immigrants talk about the united states being the dream and goal as opposed to germany and europe. explain why. >> the united states has a prohibitive advantage of all the people vying for the talent pool, the best. >> the reason they come to the united states is they have an opportunity to get the best returns on what they put into themselves in no other places can you get returns that are significant, massive and gik. >> immigrants at the high end go to places where other immigrants are of the same type and natives of the same time. there's an immigration effect creating greater opportunities for all involved. >> certainly it's interesting. we appreciate you joining us on "real money". . >> thank you. >> the winter olympics in sochi put russia in the global spotlight. in the business world russia earned a p
bridging in 10 nouz -- bringing in 10,000 people a year in detroit to do what? is it the hope that people will be entrepreneurs, there's a different visa, the entrepreneur visa, perhaps they can access that. >> i was going to say, i understand that a lot of immigrants talk about the united states being the dream and goal as opposed to germany and europe. explain why. >> the united states has a prohibitive advantage of all the people vying for the talent pool, the best. >> the...
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Feb 5, 2014
02/14
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, and i know detroit is coming on a comeback. >> reporter: a comeback.t's what this bankrupt city, homeowners and entrepreneurs like john george are banking on. >> i'm a detroitaholic, i love detroit. >> reporter: he could have chosen an easier place to open a coffee shop and move theater, but he built on the west side, and mobilizes teams of volunteers to clear blighted homes. >> you will never hear me listing all of the problems of detroit, that's old news. >> reporter: george believes in about ten years detroit will be leaner and greener, redeveloped into something bigger and better. bigger and better is also what efforts like the motor city mapping project is hoping to make way for. 225 surveyors are combing 125 square miles, snapping pictures of every parcel of land in detroit. >> this is the first of its kind. we have got to do the entire city. >> reporter: the federal, state, and city partnership will use the data to determine whether to fight blight, the next step in rebuilding. >> people say you can't never go home anymore. but you can. >> repor
, and i know detroit is coming on a comeback. >> reporter: a comeback.t's what this bankrupt city, homeowners and entrepreneurs like john george are banking on. >> i'm a detroitaholic, i love detroit. >> reporter: he could have chosen an easier place to open a coffee shop and move theater, but he built on the west side, and mobilizes teams of volunteers to clear blighted homes. >> you will never hear me listing all of the problems of detroit, that's old news. >>...
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Feb 19, 2014
02/14
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i am grateful for detroit and i would love to see detroit and minneapolis do well: >> you severed several terms in the state legislator but you said your faith wasn't an issue until congressional run. why do you think that was the case? >> it took me by surprise. when i am running for congress, my religion is an issue. i had my pray leader come to the state legislator to offer opening prayer as we do in congress every day from different denominations and faith. i had been fasting for rom dawn. everybody knew i was a muslim. it was in the paper. but i think the reason it got such an interest is because in congress there is a specific role in terms of foreign policy, national security, war and peace. so many areas of the world where the united states was addressing an environment that was unstable had to do with a majority of muslim countries. in congress, a plot to attack the united states was hatched in afghanistan. we were in the midst of war in eve iraq, which i opposed. so i think those made it different. someone said, keith it is like if a japanese person ran for congress a few years
i am grateful for detroit and i would love to see detroit and minneapolis do well: >> you severed several terms in the state legislator but you said your faith wasn't an issue until congressional run. why do you think that was the case? >> it took me by surprise. when i am running for congress, my religion is an issue. i had my pray leader come to the state legislator to offer opening prayer as we do in congress every day from different denominations and faith. i had been fasting...
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Feb 21, 2014
02/14
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five years later, gorton struck again, this time in detroit. some think he had an obsession for flight attendants. he went to a hotel near the airport, waited in the third-floor stairwell, and saw nancy ludwig walking towards her room. after the murder, he showered, changed his clothes, and stole nancy's belongings, possibly as a trophy. >> count i, you did while in the perpetration or attempted perpetration of attempted sexual conduct in the first degree -- >> jeffrey gorton was tried and convicted for the first-degree murder of both nancy ludwig and margarette eby. he will spend the rest of his life in prison. >> i'm afraid of him. i'm glad he's locked up for the rest of his life. he is the absolutely most frightening person that i've ever encountered because he was random, because he was so secretive, because he was so ordinary. >> walter tom henderson wrote about this case in "blood justice" and thinks there are other victims. >> my feeling is that some day, somebody's going to be running a dna sample that kicks up jeffrey gorton's name. it
five years later, gorton struck again, this time in detroit. some think he had an obsession for flight attendants. he went to a hotel near the airport, waited in the third-floor stairwell, and saw nancy ludwig walking towards her room. after the murder, he showered, changed his clothes, and stole nancy's belongings, possibly as a trophy. >> count i, you did while in the perpetration or attempted perpetration of attempted sexual conduct in the first degree -- >> jeffrey gorton was...
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Feb 23, 2014
02/14
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i am grateful to detroit and love to see detroit too well. let's see minneapolis too well. >> before you came, there several terms in the state legislature. but you wrote in your book that your faith was not an issue until your congressional. what you think that's the case? >> guest: it took me by surprise because i'd been in politics already. suddenly when i run for congress, all of a sudden my religion becomes an issue. i've had mighty mom, prayer leader, come to the state legislature to offer an opening prayer as we do in congress every day from different denominations and faith. it was a good day in the paper or whatever. the reason it got such interest because in congress, there is a specific role in terms of foreign policy, national security, war and peace. so many areas of the world where the united states was addressing tumultuous environment had to do with countries where the majority was muslim. i mean, when i went to congress, only a few years before that, united states is hedged in afghanistan. we were in the midst of a war in ira
i am grateful to detroit and love to see detroit too well. let's see minneapolis too well. >> before you came, there several terms in the state legislature. but you wrote in your book that your faith was not an issue until your congressional. what you think that's the case? >> guest: it took me by surprise because i'd been in politics already. suddenly when i run for congress, all of a sudden my religion becomes an issue. i've had mighty mom, prayer leader, come to the state...
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Feb 17, 2014
02/14
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so i was active on campus at wane state and in detroit. and went to minnesota and found myself in a leadership position at the black law association and even as a young attorney, you know there are folks who wanted me on their boards and be part of what they were doing, it felt like more of an environment where they wanted people to participate. and whereas in detroit, you have a ton of problem. no shortage of them. it seemed like a political environment where the people who were there had all of the answers, if you know what i mean. i love detroit. it is my hometown. minneapolis is my adoptive home town. i am grateful for drat detroit. >> host: you severed in the state legislator but you wrote in the book your faith wasn't an issue until your congressional run. why do you think that is an issue? >> guest: it took me by surprise. when running for congress, my religion becomes an issue. i had my pray leader come to the state legislator to offer opening prayer as we do in congress from different deno denominations and faith. and i was fastin
so i was active on campus at wane state and in detroit. and went to minnesota and found myself in a leadership position at the black law association and even as a young attorney, you know there are folks who wanted me on their boards and be part of what they were doing, it felt like more of an environment where they wanted people to participate. and whereas in detroit, you have a ton of problem. no shortage of them. it seemed like a political environment where the people who were there had all...
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Feb 16, 2014
02/14
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but i love detroit. it's my home tell them in minneapolis is my hometown now, my adopted hometown but i'm grateful to troy and would love to see detroit do well and love to see many of us do well. >> host: before you came to congress he served several terms in the state legislature but he wrote in your book that your faith was not an issue until then. why do you think that is the case? >> guest: to me by surprise because i had been in politics already and suddenly when i ran for congress all of a sudden my religion he came an issue. i hidden imam as a prayer leader come to the state legislature to offer prayer as we do in congress every day from different denominations in dates. i had had been fasting for ramadan. everybody knew as a muslim and nobody cared. i think the reason there was such an interest is in congress there was a specific role in terms of foreign policy national security, war and peace and so many areas of the world where the united states was addressing a tumultuous environment in count
but i love detroit. it's my home tell them in minneapolis is my hometown now, my adopted hometown but i'm grateful to troy and would love to see detroit do well and love to see many of us do well. >> host: before you came to congress he served several terms in the state legislature but he wrote in your book that your faith was not an issue until then. why do you think that is the case? >> guest: to me by surprise because i had been in politics already and suddenly when i ran for...
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to build a bridge to detroit. you all want to miss it and it all starts right now. they are talking about the emerging markets crisis and the u.s. economy however i want to lead off with the latest drama surrounding nutritional supplement distributor herbalife now the head of the federal trade commission edith ramirez has agreed to meet with minority and consumer out of this to hear their concerns about the pyramid scheme excuse me excuse me company i meant to say company herbalife it's a company now herbalife the pyramid drama it's already the stuff of legends thanks to an impromptu televised verbal brawl between investors bill ackman and carl icahn now after man has been shorting herbalife and calling the company a pyramid scheme for well over a year however color carl icahn along with some other big name hedge fund honchos like george soros and download they've taken the other side of the bet and done much much better herbalife shares were up six percent in early trading monday after the company said it increased its share repurchase program from five hundred mil
to build a bridge to detroit. you all want to miss it and it all starts right now. they are talking about the emerging markets crisis and the u.s. economy however i want to lead off with the latest drama surrounding nutritional supplement distributor herbalife now the head of the federal trade commission edith ramirez has agreed to meet with minority and consumer out of this to hear their concerns about the pyramid scheme excuse me excuse me company i meant to say company herbalife it's a...
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Feb 22, 2014
02/14
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is there a way out for detroit? >> yes, if they make the city where it's livable where people can come back and work and send their kids to safe schools, have a business, yes. but i'm not going to see it in my lifetime because there is so much damage to the city that's been done over the years arson, fires, businesses moving out, it will take time and a lot of money to rebuild it, but it can be done. i won't see it in my lifetime. >> we do a lot of stories of businesses coming in to those tough areas and starting up. it's small, but i think the trend is in the right direction, do you see that? >> yes, i think it's in the right direction but it will take a lot of money and a lot of people coming back to the city to make it viable where you can have businesses and families to make a tax base. that's what happened. the tax base is gone now. i understand the city's position. they have no tax dollars because all the business and people have moved out because it was such a dangerous city. >> it was such a great city, i ho
is there a way out for detroit? >> yes, if they make the city where it's livable where people can come back and work and send their kids to safe schools, have a business, yes. but i'm not going to see it in my lifetime because there is so much damage to the city that's been done over the years arson, fires, businesses moving out, it will take time and a lot of money to rebuild it, but it can be done. i won't see it in my lifetime. >> we do a lot of stories of businesses coming in to...
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Feb 21, 2014
02/14
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al jazeera, detroit. ♪ >>> investors right now struggling to keep the stock market rally alive.ow is down 11 points right now. the blue chips trying for a third straight week of gains, but having a rough time. >>> we're also following breaking news, shares of barnes & noble soaring after a private firm offered to buy a majority stake in the company. they also want to separate the unprofitable nook segment. >>> an industry group is warning that the american dream could be slipping away. existing home sales fell more than 5% last month. weather played a role, but the market is also feeling the pinch from soaring prices in interest rates. >>> bitcoin trading below $100 today. it was as low as $91 in japan, although it is worth more than $500 on other exchanges. >>> president obama meeting the dalai lama despite strong objections from china. china condemning meeting soon after it was announced last night. mike viqueira is live at the white house with more and mike do we know what the tibet tan leader discussed with the president? >> dell, this is the third time that the president ha
al jazeera, detroit. ♪ >>> investors right now struggling to keep the stock market rally alive.ow is down 11 points right now. the blue chips trying for a third straight week of gains, but having a rough time. >>> we're also following breaking news, shares of barnes & noble soaring after a private firm offered to buy a majority stake in the company. they also want to separate the unprofitable nook segment. >>> an industry group is warning that the american dream...
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Feb 19, 2014
02/14
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i grew up with a reporter, junior and all of the detroit kids. and all ofer, jr. the detroit kids.ucky all of us got enough to have careers in music. we stuck together through all the years and everything. it was a special time. we really treated it like a profession. we were good kids. tavis: the instrument that you play but more importantly, the sound that you get out of it, one would not immediately match to motown. or torespect to you motown. it is just that the two sounds, there is stevie wonder and motown. earl klugh is a great artist but you do not think motown even though you are both coming out of detroit. how did you perfect the kind of song stylings of earl klugh? >> that is an interesting question. when i was 15, 16, i was thinking, i have got to create my own voice on my instrument. at the time, there was a lot of, and montgomery was popular, guitar.ated to the a couple of the guys, ray, and a couple of my other friends said you got to plug-in somewhere. no, i think i am going to keep going. this is going to be just right over sometime. tavis: they meant electric. >> y
i grew up with a reporter, junior and all of the detroit kids. and all ofer, jr. the detroit kids.ucky all of us got enough to have careers in music. we stuck together through all the years and everything. it was a special time. we really treated it like a profession. we were good kids. tavis: the instrument that you play but more importantly, the sound that you get out of it, one would not immediately match to motown. or torespect to you motown. it is just that the two sounds, there is stevie...
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i want to move on from detroit and move to puerto rico now this is pretty incredible in puerto rico the word is the country is preparing to offer investors some two billion dollars of debt in the coming weeks now the interesting bit is that the debt. did you have as much as ten percent and since interest from puerto rico puerto rican bonds are triple tax exempt meaning they're exempt from local state and federal taxes pretty good that's fifteen percent for the kind of high net worth investors that like municipal bonds and is puerto rico just tax and i'm just going to go straight there is a lot of what's going on it does seem that way because basically you know we're talking about fifteen percent of the that's coming due in puerto rico if you can get this money basically from this huge tax hike and as you were saying it used to be exempt because it was a tax haven now they're going to relinquish this event and fifty percent of their annual budgets going to come from doing that and it's not even been ruled upon by the i.r.s. to actually be legal so. it's basically a tax yes because th
i want to move on from detroit and move to puerto rico now this is pretty incredible in puerto rico the word is the country is preparing to offer investors some two billion dollars of debt in the coming weeks now the interesting bit is that the debt. did you have as much as ten percent and since interest from puerto rico puerto rican bonds are triple tax exempt meaning they're exempt from local state and federal taxes pretty good that's fifteen percent for the kind of high net worth investors...
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Feb 21, 2014
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bisi onile-ere in detroit for us. what is this going to mean for the people of detroit? >> i can tell that you these proposed cuts are devastatingbly to thousands of retirees in detroit. if this goes through i talked to one retiree. he worked for the city for 29 years. right now he receives $800 a month from the city for his pension. if this goes through he'll see that drop to $500. this is something that he is not expected to deal with very lightly. we talked to earlier this afternoon. i want to you take a listen to what he has to say. >> i don't know how to express exactly how hurt and frustrated i am. i never thought in my life that i would be fighting for something i earned myself. it's not like i'm asking for anything. just give me what i earned. that's my thoughts. >> reporter: and it's general city retirees like smith who are hit especially hard because he could lose over 30% of his pension. now, just to put this into perspective negotiations between the city and credittiers is ongoing. this is not a done deal. i'm told this could be several months before they rea
bisi onile-ere in detroit for us. what is this going to mean for the people of detroit? >> i can tell that you these proposed cuts are devastatingbly to thousands of retirees in detroit. if this goes through i talked to one retiree. he worked for the city for 29 years. right now he receives $800 a month from the city for his pension. if this goes through he'll see that drop to $500. this is something that he is not expected to deal with very lightly. we talked to earlier this afternoon. i...
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Feb 21, 2014
02/14
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BLOOMBERG
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road back detroit's will be very long. a long time for them to get to this position in the first place, and it will take a long time to get back to the capital markets with the standard & poor's rating. in terms of how it would've impacted other places, we are looking at state statutes across the country to see what kinds of similarities there are of and what kinds of differences there are. >> we will have more on the crisis in detroit. stay with us, we will talk with you after the break. ♪ be sure to check out the latest edition of bloomberg you can read it on the go with our new business we cap -- week app. thank you for staying through the break the why is detroit unique? >> detroit is unique for quite a few reasons. you have a lot of financial problems for a long time that -- andd a much different that put the city in a much different position than others. wasreated a government that outsized for the size of the city, and created a structural imbalance that has brought down their financial position significantly. that
road back detroit's will be very long. a long time for them to get to this position in the first place, and it will take a long time to get back to the capital markets with the standard & poor's rating. in terms of how it would've impacted other places, we are looking at state statutes across the country to see what kinds of similarities there are of and what kinds of differences there are. >> we will have more on the crisis in detroit. stay with us, we will talk with you after the...
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Feb 24, 2014
02/14
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we all need take responsibly for detroit. host: our next caller is from detroit. larry, good morning. caller: thank you for taking my call. thank you god for c-span. my question is this, i am a third-generation employee. one of the things that i see is a problem with uaw that has occurred in my generation is those issues that we have been founded on. things like health and safety. protecting the rights of workers. looking at their wages for the type of work that we do. we have two and three and sometimes four and five. why are we not defending the right of workers to have a increases? cost of living? keeping up with the economy? why are we not looking at those issues that we are subjected to daily about health and safety in our work places? why are we not doing more of that? trying to build a union instead of losing the union. what about the pay discrepancies that increased with the hired union officials compared to that of the workers? i will listen for your comment. guest: you are raising completely legitimate questions. the great thing about the trade union is
we all need take responsibly for detroit. host: our next caller is from detroit. larry, good morning. caller: thank you for taking my call. thank you god for c-span. my question is this, i am a third-generation employee. one of the things that i see is a problem with uaw that has occurred in my generation is those issues that we have been founded on. things like health and safety. protecting the rights of workers. looking at their wages for the type of work that we do. we have two and three and...
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Feb 23, 2014
02/14
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and everybody thought that detroit, the city, the whole area around detroit, was based on the automobile industry. e automobile industry when it became unionized and became recalcitrant, it destroyed th city of detroit. and chattaoga and those areas of tennessee and people, they fear that. now, whether or not it's true or not, to bob's point, i don't know. but they fe it and that's what drove them to vote the way they vote. >> you're probably right on most of that. michelle, in a righto-work state, they don't hav to pay union dues -- pay a little attention. in right-to-work stat, if you unionize, you do not have to give your money to the union to give to democrats. they don't have to -- just so you get that straight. >> michelle? >> i'm not even going to answer that. that is so -- the way you just spoke to me was so condescending and inappropriate. >> i'm sorry. i just wanted to try to correct the -- >>e want to wrap this up. >> go ahead,on. what the unions have become, theye become a political party. they've become a way of bringing money to the demrats. more so than protecti any worker
and everybody thought that detroit, the city, the whole area around detroit, was based on the automobile industry. e automobile industry when it became unionized and became recalcitrant, it destroyed th city of detroit. and chattaoga and those areas of tennessee and people, they fear that. now, whether or not it's true or not, to bob's point, i don't know. but they fe it and that's what drove them to vote the way they vote. >> you're probably right on most of that. michelle, in a...
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Feb 14, 2014
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this is a great opportunity. >> giving away homes for free in detroit. how one organization hopes to bring back the struggling motor city. >> it is the end of an era for figger skater, russian superstar that many thought should not compete at the age of 31, and too injured, he led russia to cold in the team figure skating. he could not go the distance. when he was introduced to the cloud he skated to the referee and informed him he hurt his back and withdrew from the event. shortly after he announced his retirement from skating, leaving the sport as a figure skater to medal in four games. plashanko was the only skater in the short program. no medal in the event for team russia. >> men's hockey, team usa - a couple of favourites to take hotel the gold in sochi meeting on saturday. in the only warm-up, the americans made short work of a slovakia team loaded with n.h.l. talent. jonathan quick turned away 22 shots. it was red, white and blue in the men's slope style skiing. josh christiansen won the gold: it marks the third sweep in winter olympics history i
this is a great opportunity. >> giving away homes for free in detroit. how one organization hopes to bring back the struggling motor city. >> it is the end of an era for figger skater, russian superstar that many thought should not compete at the age of 31, and too injured, he led russia to cold in the team figure skating. he could not go the distance. when he was introduced to the cloud he skated to the referee and informed him he hurt his back and withdrew from the event. shortly...
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Feb 21, 2014
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dagen: in terms of detroit do you think the plan gets detroit on the road?accepted it would be but that is not the way chapter 9 works in municipalities which it has to be in negotiation with all parties of i expect things will be changed. connell: to recap the detroit plan jeff talked about it and cuts to the police and fire is 10%, general tyrees 34%, bondholders 20% recovery which is better, big picture better for the main street and wall street folks is the idea. new dynamics. thank you. dagen: thanks so much. connell: we are all familiar with the co-worker who can stop coughing and sneezing that cannot comes to work. a new survey found this phenomenon is fairly common. people working sec. public health firm nsf international says one in four americans go to work when they are sick. many claim their bosses expect them to come in no matter what. others were worried too much the work would piloted they missed a day so they would rather go in. 17% of workers say they stay home only if a doctor orders them to. otherwise they are coming in to work. dagen: exi
dagen: in terms of detroit do you think the plan gets detroit on the road?accepted it would be but that is not the way chapter 9 works in municipalities which it has to be in negotiation with all parties of i expect things will be changed. connell: to recap the detroit plan jeff talked about it and cuts to the police and fire is 10%, general tyrees 34%, bondholders 20% recovery which is better, big picture better for the main street and wall street folks is the idea. new dynamics. thank you....
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Feb 7, 2014
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bisi onile-ere is life at a food bank in detroit, michigan. michigan is within of the states that stands to lose a lot of money under the farm bill. how are they treating the president? >> reporter: he action here is really mixed. i'm inside one of the largest food banks in the area. and they said in the past couple of months they have seen their need for services increase. and they expect now more people will be knocking on their food. 28-year-old works part-time at this diner in michigan. she recently took on a second job to help make ends meet. >> with something like food, it's just -- it adds a different level of stress. >> reporter: she is among 47 million americans who depend on food stamps. right now $200 a month buys her groceries and a peace of mind, but with the passing of the new farm bill, old fears are setting in again. >> it's going to be hard. it's going to be really hard. >> reporter: here is why, the law will take away $800 million in food stamps every year. that cut her benefits nearly in half. she is among 850,000 households
bisi onile-ere is life at a food bank in detroit, michigan. michigan is within of the states that stands to lose a lot of money under the farm bill. how are they treating the president? >> reporter: he action here is really mixed. i'm inside one of the largest food banks in the area. and they said in the past couple of months they have seen their need for services increase. and they expect now more people will be knocking on their food. 28-year-old works part-time at this diner in...
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Feb 21, 2014
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back to you. >> joining us live from detroit.nk you very much. ♪ ♪ ♪ >>> on wall street stocks making modest gains trying to end the week on a positive note. the dow is up 34 points. shrugging out disappointing news of housing market. a group says sales of existing homes fell 5% in january, blaming cold weather and rising prices, home resells have fallen in five of the last six months as interest rates begin to rise. six years after a $170 billion bail out mortgage giant fannie mae is about to make its last loan repayment to the federal government. saying it will soon send the government $7.2 billion paying back tax payers for the entire 2008 bail out. unlike other companies restless cured during the crisis the firm will remain under government control until congress winds it down or replaces it altogether. >>> now, despite a rather large olympic flap, under armor is renewing and extending sponsorship of the u.s. speed skating team. they will now provide suits for olympic competitors through the end of 2022. ceo kevin plank telli
back to you. >> joining us live from detroit.nk you very much. ♪ ♪ ♪ >>> on wall street stocks making modest gains trying to end the week on a positive note. the dow is up 34 points. shrugging out disappointing news of housing market. a group says sales of existing homes fell 5% in january, blaming cold weather and rising prices, home resells have fallen in five of the last six months as interest rates begin to rise. six years after a $170 billion bail out mortgage giant...
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Feb 21, 2014
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bisi onile-ere is in detroit right now.i, today's development marking a major turning point in this case. >> reporter: yes, del, some bankruptcy experts are calling this development historic. this is the largest bankruptcy in u.s. history, and the plan just unveiled basically sets the course of what could happen here regarding the city. the emergency manager's plan of adjustment calls for shedding $18 billion in debt, and they want to do that by paying less to the banks, retirees, as well as bondholders. just to break it down a bit, the city has proposed 34% cuts to general retirees, and 10% pension cuts to fire and police. and for those unsecured bondholders, they would accept about $0.20 on the dollar. when it comes to the detroit institute of art, there was a lot of concern, but this plan calls for saving that art through money offered by the state as well as private foundations, so for the most part, we're getting a glimpse of what could happen, but nothing is set in stone. negotiations will continue between creditors a
bisi onile-ere is in detroit right now.i, today's development marking a major turning point in this case. >> reporter: yes, del, some bankruptcy experts are calling this development historic. this is the largest bankruptcy in u.s. history, and the plan just unveiled basically sets the course of what could happen here regarding the city. the emergency manager's plan of adjustment calls for shedding $18 billion in debt, and they want to do that by paying less to the banks, retirees, as well...
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Feb 21, 2014
02/14
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bisi onile-ere is in detroit for us, and bisi, what is this plan going to mean for the people of detroit well, i can tell you tony these proposed cuts come as a major blow to retirees here in the city of detroit specifically for city retirees. they could see their pensions reduced by 30%. and considering that many of these people depend on these pensions as their only source of income. they're facing the harsh reality that they may have to do without what they're used to receiving. earlier we had the opportunity to talk to a retiree after this report was released. his name is donald smith. he worked with the city for 29 years. every month he depends on his pension check. he gets $800 a month. but if these cuts are approved he'll see that dropped to $500. that's something he can't stand to lose. >> i don't know how to express exactly how heard and frustrated i am. i never thought in my life that i would be fighting for something i earned myself. it's not like i'm asking for anything. just give me what i earned. that's my thoughts. >> so a lot of emotion and opposition to emergency manager
bisi onile-ere is in detroit for us, and bisi, what is this plan going to mean for the people of detroit well, i can tell you tony these proposed cuts come as a major blow to retirees here in the city of detroit specifically for city retirees. they could see their pensions reduced by 30%. and considering that many of these people depend on these pensions as their only source of income. they're facing the harsh reality that they may have to do without what they're used to receiving. earlier we...
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Feb 18, 2014
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there were outside groups with billboards all over chattanooga saying pictures of detroit, detroit inecline do you want that here? any kind of an impact on a vote that close certainly could have swayed it. >> what an interesting story, lance williams is the business editor of the tennesseeian. thank you. bairveg banking services like bank cards. keep it here. >> it was my dream to get a high school diploma. >> award winning film makers create create unique perspectives. >> everybody's different here... >> just gotta tell ya, it was just a very magical moment... >> al jazzera america presents... on al jazeera america >> al jazeera's investigative unit has tonights exclusive report... >> from coast to coast... >> people selling fresh water for fracking... >> stories that have impact... >> we lost lives... >> that make a difference... >> senator, we were hoping we could ask you some questions about your legal problems... >> that open your world... >> it can be very dangerous... >> i hear gunshots... >> the bullet came right there through the widdow... >> it absolutely is a crisis... >> r
there were outside groups with billboards all over chattanooga saying pictures of detroit, detroit inecline do you want that here? any kind of an impact on a vote that close certainly could have swayed it. >> what an interesting story, lance williams is the business editor of the tennesseeian. thank you. bairveg banking services like bank cards. keep it here. >> it was my dream to get a high school diploma. >> award winning film makers create create unique perspectives....
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Feb 5, 2014
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>> detroit still has no democracy.roit survives under one person rule. 50% of the african-american population, over 50% in the state of michigan, still lives under one person rule. the people of michigan said they did not want an emergency manager. ta 436 went around that. until we can participate, we are not participating at all. >> all right. i want to get your reaction. the governor recently proposed a plan to redirect $350 million in state tobacco settlement revenue to help the retirees out in the city of detroit over the next two years. does this change the dynamic at all? does th is this going to patch that up? >> so glad you asked that question, ed. it's not two years. it's 20 years. and $350 million, plus some money that the dia may put in, does not address the systemic problems in the system. it's a drop in the bucket. it has to go beyond that. no it has not resolved that issue. >> i appreciate your time tonight. >> thank you, ed. >> thank you, sir. >>> coming up, in our rapid response panel, i support taking
>> detroit still has no democracy.roit survives under one person rule. 50% of the african-american population, over 50% in the state of michigan, still lives under one person rule. the people of michigan said they did not want an emergency manager. ta 436 went around that. until we can participate, we are not participating at all. >> all right. i want to get your reaction. the governor recently proposed a plan to redirect $350 million in state tobacco settlement revenue to help the...
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Feb 25, 2014
02/14
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BLOOMBERG
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and he's brought so much work into detroit.nd i'm really proud. >> it was great heritage but has a long way to go because it's such in bad shape financially although it's been saved i think from having to sell off its museum. >> i'm having exhibition there in june. masters sponsoring and really excited about it because i can't wait for the people i photographed to the museum. >> before we leave detroit there are three images here by the shineola campaign. did you see that? >> yes. >> with the model carolyn murphy. it's inside the store. >> we were in the store and -- >> you don't see the watch. >> no, no. they're not about like, do you know what i mean? >> right. >> tom's really loose that way. asia, the little girl there, she just won the spirit of detroit award and she's a rapper and she wants to be the first president who raps. >> rapping on the campaign trail. >> exactly. that sound pretty good to me. >> all right, a couple more. one is ms. qb. >> she's a local soul singer. and they sings a lot at the raven, it's a great cl
and he's brought so much work into detroit.nd i'm really proud. >> it was great heritage but has a long way to go because it's such in bad shape financially although it's been saved i think from having to sell off its museum. >> i'm having exhibition there in june. masters sponsoring and really excited about it because i can't wait for the people i photographed to the museum. >> before we leave detroit there are three images here by the shineola campaign. did you see that?...
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Feb 19, 2014
02/14
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. >> the city of detroit is suffering from an $18 billion deficit.s week we're expecting to find out exactly how the city will over come that debt. bisi onile-ere is here to break it all down for us. bisi, where do things stand right now? >> reporter: tony, detroit emergency manager kevin orr is expected to file a plan of adjustment any day now. once that happens we'll have our first look at how the emergency manager wants to eliminate $18 billion in debt and drive detroit out of bankruptcy. there are a lot of people who are watching this. there are a lot of people who are worried, including many city retirees, who are waiting for this report to see how much they stand to lose. we'll get an idea of what lies ahead for the future for the detroit institute of arts as well as the water department. as i mentioned, orr's goal here is to shed this debt that reaches billions of dollars, and also improves city services here in detroit like fire and police. now, once this comes down this will be a huge development in this case. when i spoke with an bankruptcy
. >> the city of detroit is suffering from an $18 billion deficit.s week we're expecting to find out exactly how the city will over come that debt. bisi onile-ere is here to break it all down for us. bisi, where do things stand right now? >> reporter: tony, detroit emergency manager kevin orr is expected to file a plan of adjustment any day now. once that happens we'll have our first look at how the emergency manager wants to eliminate $18 billion in debt and drive detroit out of...
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Feb 6, 2014
02/14
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joining us today is donell white vice chairman of the detroit board of commissioners. mr. white, puts you in an unusual position when we talk about a policy like this. is this something that is currently in use in some other form within the detroit police department? >> joie thanks for having me. and certainly, it is a very unique position that i find myself in, on one hand wearing a hat of civil rights and social justice advocacy and the other hat of police commissioner of upholding community policing and oversight of a law enforcement agency. stop and frisk as we know is an upheld practice by the united states supreme court and used not only by new york and cities like detroit but in major municipalities and in all municipalities across the country. the difference we find is not the fact if the practice is used but whether or not it's being misused as we see in the case of new york. >> apart from misused, how do you make sure it's being used correctly in detroit? >> in my role as police commissioner and my colleagues is we have civilian oversight of the policy. we are un
joining us today is donell white vice chairman of the detroit board of commissioners. mr. white, puts you in an unusual position when we talk about a policy like this. is this something that is currently in use in some other form within the detroit police department? >> joie thanks for having me. and certainly, it is a very unique position that i find myself in, on one hand wearing a hat of civil rights and social justice advocacy and the other hat of police commissioner of upholding...
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Feb 22, 2014
02/14
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all the cars were designed and everything in detroit. he chose detroit because he loves it. he believes things should be made in america. bringing the whole industry back into america. what tom did was he taught all these people how to make watches. now there's all these great watch makers there in detroit. they sell the best bicycles, incredible bicycles there. and he's brought so much work into detroit. and i'm really proud. >> rose: it was great heritage but has a long way to do because it's such in bad shape financially although it's been saved i think from having to sell off its museum. >> i'm having exhibition there in june. they call me masters sponsoring and really excited about it because i can't for pete pull that i photographed to the museum. >> rose: before we leave detroit there are three images here by the shineola campaign. did you see that. >> yes. >> with the model carolyn murphy. it's inside the store. >> we were in the store and -- >> rose: you don't see the watch. >> no, no. they're not about like, do you know what i mean. >> rose: right. >> tom's really
all the cars were designed and everything in detroit. he chose detroit because he loves it. he believes things should be made in america. bringing the whole industry back into america. what tom did was he taught all these people how to make watches. now there's all these great watch makers there in detroit. they sell the best bicycles, incredible bicycles there. and he's brought so much work into detroit. and i'm really proud. >> rose: it was great heritage but has a long way to do...
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Feb 21, 2014
02/14
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today the manager in detroit cut the pension of everybody in detroit by 34%. >> the city of detroit. >> the city of detroit. which is -- so even if you're currently retired, this was a real cut even for retireds. chicago has eight times the pension burden of detroit per capita. now, i know you already shown real courage -- >> illinois did a $100 billion pension reform that i signed into law last december. i think it's important we have pension reform because we want to have enough money for our education, for our health care, for public safety, for our veterans. really important we reform the pension system. >> but mayor emmanuel has said that he hopes that the state legislature will help change the rules for pensions in chicago. actually, the eight times number does not count the teachers union pension which is an additional multimillion dollar burden. do you think your state is going to have to do something fairly dramatic to get the chicago pension funds which is the largest in the country. >> they have to negotiate like anything in life, they have to sit around a table and negoti
today the manager in detroit cut the pension of everybody in detroit by 34%. >> the city of detroit. >> the city of detroit. which is -- so even if you're currently retired, this was a real cut even for retireds. chicago has eight times the pension burden of detroit per capita. now, i know you already shown real courage -- >> illinois did a $100 billion pension reform that i signed into law last december. i think it's important we have pension reform because we want to have...
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Feb 26, 2014
02/14
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i am initially from detroit.e have seen a lot of oppression their historically as well as currently. new york has seen its share, washington, d.c. has seen its share. peoplet want to be like on different plantations arguing about which plantation is worse. we have to correct the whole problem. we are about correcting the problem here in jackson, and we're going to be inviting people to come here and people want to come here in order to participate in the struggle forward. this is not a phony struggle. we're not just putting a false face. we tell you we have had real problems and we still have real problems. but we are solving these problems and we will try to solve a lot of them through economic development from a which is going to involve the masses of the people, not just a few folks. >> can you tell us about your platform and the jackson cush plan? >> the platform is to advance the ideas of development and the it ideas of empowerment of the populations which exists in the city of jackson specifically. ofhave a
i am initially from detroit.e have seen a lot of oppression their historically as well as currently. new york has seen its share, washington, d.c. has seen its share. peoplet want to be like on different plantations arguing about which plantation is worse. we have to correct the whole problem. we are about correcting the problem here in jackson, and we're going to be inviting people to come here and people want to come here in order to participate in the struggle forward. this is not a phony...
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Feb 5, 2014
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detroit, we've had persistent snow. we can see we're in a heavy band still since last night, so the morning commute is still rough, if you're even commuting and maybe not taking the advantage to stay home for the day. the rain extends to the south but the big problem that is first it was snow and then enough of a warm up that some of this has switched over to freezing rain. we saw that happen in cleveland, pittsburgh, now happening around the new york city area. heavy snow, dense snow and then the freezing rain on top of it. this if you're trying to shovel it is really difficult and if you have heart conditions can be dangerous because it's so heavy and takes such exertion. know north of the new york city area is the core of the heavier snow. the freezing stuff doesn't mix in. some places could see a foot, even isolated spots, a foot and a half. as we get through the rest of the day, what did all this look like then. this is 9:00, still very much across the region. it starts to move out a little more by 1:00 and then la
detroit, we've had persistent snow. we can see we're in a heavy band still since last night, so the morning commute is still rough, if you're even commuting and maybe not taking the advantage to stay home for the day. the rain extends to the south but the big problem that is first it was snow and then enough of a warm up that some of this has switched over to freezing rain. we saw that happen in cleveland, pittsburgh, now happening around the new york city area. heavy snow, dense snow and then...
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Feb 17, 2014
02/14
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my mom today is a social worker in detroit, michigan. she loves those kids and probably treats him like she treats us. and she is the person who would make you feel good just being around her. so the two of them was like a mixture of, you know, like tough love and affectionate love as well. and i tried to go into the middle of the two and i tried to be concerned about my kids and they're the best thing that i've ever done and been a part of your and they are my treasure. now they are getting older and the youngest one is in high school. and she's a senior going to college next year and then the oldest one got out of college and they played football in college and now he is looking at going to law school after having worked a few years in the minnesota state legislator and the other is an artist and then of course i have a son who is in the military and active-duty and he's 19 years old and were very proud of him. and so my kids are my treasure but none of my kids were raised exactly like i was. and anyone else knows that you don't shape
my mom today is a social worker in detroit, michigan. she loves those kids and probably treats him like she treats us. and she is the person who would make you feel good just being around her. so the two of them was like a mixture of, you know, like tough love and affectionate love as well. and i tried to go into the middle of the two and i tried to be concerned about my kids and they're the best thing that i've ever done and been a part of your and they are my treasure. now they are getting...
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Feb 14, 2014
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i'm with al jazeera, detroit. >> reporter: detroit's population has lost more than 1 million residentshe 1950s. it's a place where you can create just about anything. the space that is giving innovators the tools they need to bring their ideas to life and the city where thousands of people may have been exposed to measles on the transit system. >> and the south and east clearing out from one big weather system and we have another one we are starting to watch and i will have the weekend forecast. >> have a look at this, taiwan a very festive end to the lunar new year celebration and how the spring festival is wrapping up, some pictures of fireworks in taiwan. ♪ welcome back to al jazeera and a place that makes dreams a reality and this is where the snow and rain may fall across the country and nicole mitchell is back. >> we have both of those things going on a the big weather system to hit the south and east coast is clearing off and we are monitoring behind that, one area of snow in the midwest and look at the very active pattern we had in the pacific northwest recently and i will star
i'm with al jazeera, detroit. >> reporter: detroit's population has lost more than 1 million residentshe 1950s. it's a place where you can create just about anything. the space that is giving innovators the tools they need to bring their ideas to life and the city where thousands of people may have been exposed to measles on the transit system. >> and the south and east clearing out from one big weather system and we have another one we are starting to watch and i will have the...
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Feb 6, 2014
02/14
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where does the line fall for a police officer and detroit? >> sure. i think here you find a nexus between safety not only of law enforcement officials, but the community and the citizen impacted by the policy. and on the other side of the spectrum you have the issue of constitutional rights. the 4th amendment speaks clearly, that you do not have the right to be searched and seized inappropriately by law enforcement. no matter whether you are in detroit and new york, and i have family in new york. cousins andre and morelli. whether it's here at home, coming from a family of law enforcement. i don't want them to be surprised by individuals with arms either. there's a thin line. i believe most officers will adhere to the constitutionality of policing. there are those that take it. unfortunately they go too far. i think that's why it's imperative to have leadership on the civilian side and the department that can uphold the policing. >> unfortunately sometimes we talk about abuse of any kind within law enforcement and a community, you almost have to wait
where does the line fall for a police officer and detroit? >> sure. i think here you find a nexus between safety not only of law enforcement officials, but the community and the citizen impacted by the policy. and on the other side of the spectrum you have the issue of constitutional rights. the 4th amendment speaks clearly, that you do not have the right to be searched and seized inappropriately by law enforcement. no matter whether you are in detroit and new york, and i have family in...
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Feb 14, 2014
02/14
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with hopes of making a difference in detroit. one house at a time.l jazeera, detroit. >> now to some health news, cluster headaches can be more severe than migraines. these intense attacks have been noun to drive people to suicide. those who experience them say government officials should do more to help. tom ackerman reports. describing the pain is one thing, showing it is quite another. as many have done by recording their experience. >> i am an hour into my attack, and it is getting worse. >> the waves of pain spread from the major facial nebraska, but seem to be activated by the brains hypothalamus, which regulates the wake and sleep cycles. all of these part ooze if brain are acting in concert to create these intensive storms of pain. cluster headaches can last one to three hours at a time, coming either in daily attacks or in cycles. >>ar four months of this, you're suicide looks like a pretty good option. and it's not that you want to kill yourself, you want to get rid of the pain. >> it is a disodder tear can make normal daily activity nearly
with hopes of making a difference in detroit. one house at a time.l jazeera, detroit. >> now to some health news, cluster headaches can be more severe than migraines. these intense attacks have been noun to drive people to suicide. those who experience them say government officials should do more to help. tom ackerman reports. describing the pain is one thing, showing it is quite another. as many have done by recording their experience. >> i am an hour into my attack, and it is...
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Feb 17, 2014
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half by wayne state police officers who are sworn in as detroit police officers. >> they will respondusually within 90 seconds, whereas detroit police may not respond at all or may not be able to. >> reporter: rachel lutz owns this nearby boutique and several shops in the area. >> my offices are not officially located on the area of wayne state but they know that safety doesn't stop at a border. >> reporter: officers have citywide jurisdiction. >> they're always on patrol. they answer very quickly when you call them even for something minor. >> we'll send a message, we will get you no matter where you are. >> bisi onile-ere, al jazeera, detroit. >> no comment from either apple or tesla about a report saying the two companies held a high level meeting together. the san francisco chronicle reports apple's top merger and acquisitions expert met last spring with tesla' tesla's ceo,n musk. that i brings possibility of an acquisition. >>> concerns about bitcoin has sent the online currency plummeting. >>> business making money from recycling, but for some residents the old computers and cel
half by wayne state police officers who are sworn in as detroit police officers. >> they will respondusually within 90 seconds, whereas detroit police may not respond at all or may not be able to. >> reporter: rachel lutz owns this nearby boutique and several shops in the area. >> my offices are not officially located on the area of wayne state but they know that safety doesn't stop at a border. >> reporter: officers have citywide jurisdiction. >> they're always on...
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Feb 18, 2014
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and the automakers in detroit. king was saying, look how detroit has rebounded now and look at the gm factory in spring bill -- in tennessee that has reopened since the recession and added 1800 workers and another 1800 are expected to be added. bob king tries to make the case that we are different union, we are helping detroit, helping american automakers rebound, and we cannot volkswagen do very well also. we can help volkswagen do very well also. >> we have not seen the extent of this kind of external interference in such an election. can you explain what accounts for it in this case and what you think the uaw could have done differently, if anything, to sway the vote? >> i think for governor haslam, for senator corker, the republicans, it is a win/win/win. they pleased their base by been tough for the unions. second, i think they do have a concern for if the union comes in it will hurt the business climate and figure, we might as well try to keep the union out. third, i think they see the uaw -- if the uaw were
and the automakers in detroit. king was saying, look how detroit has rebounded now and look at the gm factory in spring bill -- in tennessee that has reopened since the recession and added 1800 workers and another 1800 are expected to be added. bob king tries to make the case that we are different union, we are helping detroit, helping american automakers rebound, and we cannot volkswagen do very well also. we can help volkswagen do very well also. >> we have not seen the extent of this...
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Feb 7, 2014
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bisi onile-ere is live in detroit, and michigan one of those states hard-hit standing to lose that moneynder the arm bill. how are people there treating the president's visit? >> reporter: well, reaction as of now has been mixed. i'm inside up with of the largest food banks, and they tell me they have seen the need for their services grow. so with these cuts on the way, and with food stamp reduction a certainty, they are certainly going to feel any squeeze. 28-year-old caw kacia works part-time at this diner, and to help make ends meet she recently took on a second job. and she said that's still not enough. >> something like food, it's just -- it adds a different level of stress. >> reporter: she is among 47 million americans who depend on food stamps, right now $200 a month buys groceries and peace of mind, but with the passing of the new farm bill, old fears are setting in again. >> it's going to be really hard. >> reporter: here is why, the law will take away $800 million in food stamps every year, that could her benefits nearly in half. she is among 850,000 households that will see t
bisi onile-ere is live in detroit, and michigan one of those states hard-hit standing to lose that moneynder the arm bill. how are people there treating the president's visit? >> reporter: well, reaction as of now has been mixed. i'm inside up with of the largest food banks, and they tell me they have seen the need for their services grow. so with these cuts on the way, and with food stamp reduction a certainty, they are certainly going to feel any squeeze. 28-year-old caw kacia works...
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Feb 25, 2014
02/14
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the other will be located outside detroit. you might recall that you can follow all of this and our coverage of the president on twitter, our twitter handle by the way is@a ajam. he says ignore them, or calling those laws discriminatory, saying the state attorneys general are not obligated to defend them. and their decisions should net be based on politics six state attorney general have refused so far. they want the court to allow them to adopt each other's children, but the state says that would be illegal. live at the courthouse in detroit, what was the tone this morning of the opening statements? >> lawyers representing the state, they argued this morning that children are better off with hetero sexual parents and they strongly believe that the 2004 ban on gay marriage here supports that motion. now this is a case that centers on a lesbian couple p. they filed this lawsuit after learning they couldn't jointly adopt their three children. this is an issue that has brute out people from both sides you can see some of the prot
the other will be located outside detroit. you might recall that you can follow all of this and our coverage of the president on twitter, our twitter handle by the way is@a ajam. he says ignore them, or calling those laws discriminatory, saying the state attorneys general are not obligated to defend them. and their decisions should net be based on politics six state attorney general have refused so far. they want the court to allow them to adopt each other's children, but the state says that...