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but if anybody can do it, it's ken fineberg. he made a whole career of dealing with the heshg leeian funds. >> he said let me give you examples, general motors is optimistic that when you look at ken fineberg's track record, in the past when he's done this, whether it's with bp or to 9/11, about 90%st cases are very solved this way. that is what general motors is banking on. they would love to clear up most of the case this is way and avoid the uncertainty and cost of going to court. >> collin, what do you by this that? i'm sure you're running numbers and doing analysis on the potential liability for general motors. and ken fineberg sounds like he really wants to be fair about all. this this could really go to court and end up with a lot of money. is that what you see? what are your numbers telling you? >> yeah, one thing you have to realize is that gm does have bankruptcy protection for many claims. that's something they take they will have to consider if they do go to court. their chances, you know, they have to prove that sen
but if anybody can do it, it's ken fineberg. he made a whole career of dealing with the heshg leeian funds. >> he said let me give you examples, general motors is optimistic that when you look at ken fineberg's track record, in the past when he's done this, whether it's with bp or to 9/11, about 90%st cases are very solved this way. that is what general motors is banking on. they would love to clear up most of the case this is way and avoid the uncertainty and cost of going to court....
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Jul 1, 2014
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ken fineberg seems like a pretty good pr move for gm.t being said the bp oil spill has had some criticism. so what has he learned from that? >> people who aren't involved in the corporate world -- certainly the fishermen, and in this case, consumers who bought cars, they are not very savvy about bureaucracies, and it's very easy to leave them out in the cold. and if he pays more attention to the level of education that is getting out there, it will go well, but if, like, bp, it's kind of just assumed that people are going to know how to apply to a giant corporation to get damages, it will fill again. >> all right. heidi thank you so much. >> thank you. >>> if you are having trouble paying your student loans, there are options that your lender may not have told you about. plus what is putting this valley on the map long before the famous music festival came along. ♪ >> khaled hosseini author of the best selling novel "the kite runner" talks about his hopes for his homeland. >> no change will come to afghanistan unless it's initiated by th
ken fineberg seems like a pretty good pr move for gm.t being said the bp oil spill has had some criticism. so what has he learned from that? >> people who aren't involved in the corporate world -- certainly the fishermen, and in this case, consumers who bought cars, they are not very savvy about bureaucracies, and it's very easy to leave them out in the cold. and if he pays more attention to the level of education that is getting out there, it will go well, but if, like, bp, it's kind of...
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Jul 6, 2014
07/14
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. >> that was composition expert k ken fineberg. the fund has no limit to how much it will pay victims and begin accepting claims august 1st. will this fund help gm repair its image. joining us senior analyst, jessica and paul. thank you both for being here today. >> thank you. >> paul, i just wonder the compensation plan, you think this is the right way to go for gm? >> general motors being a new company since they came out of bankruptcy does not have to compensate victims or families of victims for some of the claims. they'll be a public relations disaster for some of the company. i think one of the big issues here is going to be the fairly short window of time between august 1st and the end of the year when claimants have a chance to file. so there may be some complaining about that and some pushback on that really from the families who have been affected by this. >> we'll hear more on that. jessica, while we have been listening about the fund, it seems like every week there are a zeros of new recalls. so far the company recalled
. >> that was composition expert k ken fineberg. the fund has no limit to how much it will pay victims and begin accepting claims august 1st. will this fund help gm repair its image. joining us senior analyst, jessica and paul. thank you both for being here today. >> thank you. >> paul, i just wonder the compensation plan, you think this is the right way to go for gm? >> general motors being a new company since they came out of bankruptcy does not have to compensate...
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Jul 1, 2014
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kenneth fineberg the top compensation expert hired by gm says there is no cap on the amount which can be paid to the relatives of those killed or victims suffering from serious injuries. fineberg says he will be personally involved in the process. >> i will meet them privately, confidentially and chat with them privately about new item or any item they would like to talk b honored to do so, glad to do so. >> gm says once the the claims are filed most can be settled in three to six months. the total amount the auto maker pays out could run in the billions, guys. >> i can imagine, this guy says he will meet with anybody. that guy will be busy chris, thank you. >>> we have an important warning right now you for parents don't let kid swim in the creek. it is not allowed in the city. we had a 15 year-old boy who has drowned. investigators say they were called to the tookany creek at fischer lane at ramona and juniata where four teenage boys had been swimming under the bridge. one went under. the rest of the friend told police he could not swim. >>> meanwhile the coastguard has now suspende
kenneth fineberg the top compensation expert hired by gm says there is no cap on the amount which can be paid to the relatives of those killed or victims suffering from serious injuries. fineberg says he will be personally involved in the process. >> i will meet them privately, confidentially and chat with them privately about new item or any item they would like to talk b honored to do so, glad to do so. >> gm says once the the claims are filed most can be settled in three to six...
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Jul 19, 2014
07/14
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. >> the man in charge of paying damages to victims was also at the hearing, attorney ken eth finebergs there is no cap on compensation but there are restrictions imposed on gm on who qualifies for reimbursement. randall pinkston, al jazeera, washington. >> when we come right back, as one powerful storm winds down, another one begins to threaten southeast asia. from luxury liner to the scrap heap, the painful voyage of the costa concordia. vé presents... holy money only on al jazeera america heap, the painful voyage of t >>> after wreaking havoc on nabors, super tie fon ramussen slams into vietnam. the storm toppled trees and billboards. most were prepared. 2000 people were evacuated to save zones. the typhoon caused flights to be delayed or cancelled. meteorologist rebecca stevensen on the latest and another storm moving through. >> it's pretty active in the pacific right now. this has been falling apart as it's moving right across the china and northern vietnam border. currently, it's moving across that terrain which is pretty rugged and rocky, dumping a lot of rainfall and gusty win
. >> the man in charge of paying damages to victims was also at the hearing, attorney ken eth finebergs there is no cap on compensation but there are restrictions imposed on gm on who qualifies for reimbursement. randall pinkston, al jazeera, washington. >> when we come right back, as one powerful storm winds down, another one begins to threaten southeast asia. from luxury liner to the scrap heap, the painful voyage of the costa concordia. vé presents... holy money only on al...
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Jul 20, 2014
07/14
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. >> attorney kenneth fineberg said there is no cap, but restrictions imposed on who qualifies for reimbursement >> senator mckass deltha called for a second hearing rewarding the g.m. recalls. >> 45 years ago today, a man walked on the moon for the very first time. kneel armstrong took those historic steps as the world watched. the two would spend a day there gathering rocks and conducting experiments. kneel armstrong died two years ago. michael collins stayed in orbit during the mission and he is still alive. in a 2009 interview, said he was very worried for armstrong and collins' safety. he went on to work for the state department. he also served as an executive at the national air and space museum and the smithsonian. >> thanks so much for watching aljazeera america. i'm morgan radford live in new york city. have a great morning. >> announcer: this is al jazeera. >>> welcome to the al jazeera newshour, live from our global headquarters in doha. these are the main stories we are following this hour... ..nowhere to run. bodies lie in the streets as israel unleashes its military power on a crow
. >> attorney kenneth fineberg said there is no cap, but restrictions imposed on who qualifies for reimbursement >> senator mckass deltha called for a second hearing rewarding the g.m. recalls. >> 45 years ago today, a man walked on the moon for the very first time. kneel armstrong took those historic steps as the world watched. the two would spend a day there gathering rocks and conducting experiments. kneel armstrong died two years ago. michael collins stayed in orbit during...