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today stockton, california is set to become the largest american city ever to declare bankruptcy. ity lawmakers could file for chapter 9 protection in court as soon as today. the city council was expected to vote on a special bankruptcy budget to plug next year's anticipated $26 million deficit. monday marked the three-month deadline for negotiations. >> i don't know what's really going on with our city council, nor do i really understand what's happening with our council period. it seems that they're faltering. >> the city of nearly 300,000 people is set to see property taxes and other revenues decline as expenses and generous retirement investments have drained the city coffers. >>> to anne arundel county now, a pair of county employees are in legal trouble after police say they helped themselves to the government's gas pumps. police say the maintenance workers behind the scheme are now charged with theft. officers say surveillance cameras caught preston perry and lathian taking 10 gallons over the past six months. according to charging documents, jodie harbor of glen burnie took
today stockton, california is set to become the largest american city ever to declare bankruptcy. ity lawmakers could file for chapter 9 protection in court as soon as today. the city council was expected to vote on a special bankruptcy budget to plug next year's anticipated $26 million deficit. monday marked the three-month deadline for negotiations. >> i don't know what's really going on with our city council, nor do i really understand what's happening with our council period. it seems...
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Jun 26, 2012
06/12
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. >>> the cash-strapped city of stockton may take a imagine off stop before becoming the largest-american city. the city council is set to vote tonight on a special budget just in case it needs chapter 9 protection. the city faces a $26 million shortfall among other things, the city manager's special plan calls for $11 million in cuts to city employee compensation and retiree benefits. those workers are upset because they gave up raises and accepted furlough days in the past for a guarantee of those benefits. >> i'm disgusted. it upsets me a great deal. i worked hard for this. i gave up a lot. >> tonight, the santa clara city council will hold a closed- door session to discussion the surprised development in the 49 stadium project. the county has pulled $30 million in tax money earmarked for the billion-dollar stadium. county leaders say they would rather spend the money on improving schools. santa clara city leaders are outraged. but any say the sudden loss of county tax fund will not slow down the construction project which began in april. >>> it was a challenge t was nighttime. the visibili
. >>> the cash-strapped city of stockton may take a imagine off stop before becoming the largest-american city. the city council is set to vote tonight on a special budget just in case it needs chapter 9 protection. the city faces a $26 million shortfall among other things, the city manager's special plan calls for $11 million in cuts to city employee compensation and retiree benefits. those workers are upset because they gave up raises and accepted furlough days in the past for a...
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Jun 27, 2012
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it could become the largest american city ever to declare bankruptcy. good morning washington at 5:00 a.m. begins now. >> live and in hd, this is "good morning washington," on your side.
it could become the largest american city ever to declare bankruptcy. good morning washington at 5:00 a.m. begins now. >> live and in hd, this is "good morning washington," on your side.
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Jun 28, 2012
06/12
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her chief of staff admitted that is not right >> stockton is set to become the latest and largest american city to file for bankruptcy protection. city leaders approve the financial steps last night, paving the way for chapter 9. the plan would effectively plug next year's deficit. city lawyers have until friday to file the paperwork in court. any time now governor brown could sign the state budget. it includes cuts to welfare and social services and assumes that voters will approve the governor's tax hike in november. >> some bay area cities are taking a closer look at portland. that city has taken a bold step by dramatically reducing its garbage picked up to only twice per month. how it works and those who say a whole idea stinks. >> the president here at the marin sanitary service willie does look like a week of every other week picked up, it would save the money and reduced their carbon footprint but she is not completely sold. >> coffers of conservation, earth, our mission and our job >> it is not only their model, patty is passionate about reducing her company's carbon footprint >> to be
her chief of staff admitted that is not right >> stockton is set to become the latest and largest american city to file for bankruptcy protection. city leaders approve the financial steps last night, paving the way for chapter 9. the plan would effectively plug next year's deficit. city lawyers have until friday to file the paperwork in court. any time now governor brown could sign the state budget. it includes cuts to welfare and social services and assumes that voters will approve the...
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Jun 27, 2012
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. >> the latest and largest american city to file for bankruptcy protection and it is right in our backyard, stockton city leaders approved a financial step a last resort, john bennett spoke to locals about where their beleaguered city goes from here. >> it pictures worth 1000 words and his words as in all, bankruptcy. the city council ok's the plan for chapter 9. the city council voted 6/1 in favor of the budget plan that will allow stockton to operate during bankruptcy and bridge a $26 million gap but that is not sitting well with the stockton resident. >> i think that someone really dropped the ball. and city leaders, you know ... it is a big mess, and someone has stirred up the pot the wrong way. >> all but one council member were on board to say there was not much more they could do. >> it is too bad because the city has a lot going for it. as agriculture, a great university, it has a minor league franchise, and architecturally significant place for less than $100,000. >> stockton will become the largest u.s. city to file for bankruptcy now. >> we are lacking in jobs. the economy ... i
. >> the latest and largest american city to file for bankruptcy protection and it is right in our backyard, stockton city leaders approved a financial step a last resort, john bennett spoke to locals about where their beleaguered city goes from here. >> it pictures worth 1000 words and his words as in all, bankruptcy. the city council ok's the plan for chapter 9. the city council voted 6/1 in favor of the budget plan that will allow stockton to operate during bankruptcy and bridge...
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Jun 27, 2012
06/12
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. >>> the city of stockton, california is said to become the largest american city to ever declare bankruptcy. mediation with creditors has failed leading the city to declare for chapter 9 protection. it has been hit hard by the recession. one in five residents is unemployed and the city's tax base has fallen dramatically as a result. >>> today the first african- american men to serve in the marines will be awarded one of the country's top honors, the congressional gold medal. the men are known as the monthford point marines, it comes from the only place they could do basic training in camp lejeune where they were separated from whites. carol braxton, a manassas native will turn 88 next month and says today's ceremony will be bittersweet. >> i'm missing my buddy. i wish more men could be here to accept this. >> that was master gunnery sergeant carroll braxton, one of the montford marines who will be awarded the congressional gold medal. >> you see him proudly wearing his marine insignia but they made it clear they did not want blacks in the marine corps. we've come a long way but have a long
. >>> the city of stockton, california is said to become the largest american city to ever declare bankruptcy. mediation with creditors has failed leading the city to declare for chapter 9 protection. it has been hit hard by the recession. one in five residents is unemployed and the city's tax base has fallen dramatically as a result. >>> today the first african- american men to serve in the marines will be awarded one of the country's top honors, the congressional gold medal....
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Jun 27, 2012
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. >>> stockton, california now set to become the largest american city ever to declare bankruptcy. they were unable to reach a deal to restructure hundreds of millions of dollars in debt under a new state law designed to help municipalities avoid bankruptcy. the city of 290,000 has seen its property taxes and other revenues decline while expensive investments and generous benefits have drained the city coffers. >>> the u.s. senate has reportedly reached a deal to keep the student loan interest rate from doubling. house republicans are expected to discuss this issue at a closed-door meeting the morning of july 1st. now, interest rates on july 1st on the federally-subsidized student loans are set to jump from about 3% to almost 7%. so lawmakers from both parties want to keep that rate from basically rising just to disagree on how to offset the $6 billion loss in the federal treasury. we'll keep you posted on how this all goes. >>> the u.s. supreme court now set to rule on the constitutionality of president barack obama 2010 healthcare reform law, the affordable care act. they're goin
. >>> stockton, california now set to become the largest american city ever to declare bankruptcy. they were unable to reach a deal to restructure hundreds of millions of dollars in debt under a new state law designed to help municipalities avoid bankruptcy. the city of 290,000 has seen its property taxes and other revenues decline while expensive investments and generous benefits have drained the city coffers. >>> the u.s. senate has reportedly reached a deal to keep the...
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Jun 27, 2012
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. >>> also today the city of stockton is expected to become the largest american city ever to file for bankruptcy after the stockton city council voted last night in favor of that move. coming up for you at 7:35, we'll bring you a live report. >>> it is 7:05. you may soon see more water bottle filling stations around san francisco. this is part of a proposal to help reduce waste. >> good morning. the city of san francisco for years has been trying to get people to stop using these. when they want people to start using more of these reusable bottles. there are about 12 filling station in san francisco, making it very convent for people to fill these up. these are really supposed to be better for you health wise and certainly more economical. at the board of supervisors meeting yesterday they talked about this ordinance, wanting to make new construction and renovations construction projects, making them required to install these drink tap stations. the board of supervisors president explained why he thinks it's a good idea. >> every year californians get rid of 1 billion water bottles in
. >>> also today the city of stockton is expected to become the largest american city ever to file for bankruptcy after the stockton city council voted last night in favor of that move. coming up for you at 7:35, we'll bring you a live report. >>> it is 7:05. you may soon see more water bottle filling stations around san francisco. this is part of a proposal to help reduce waste. >> good morning. the city of san francisco for years has been trying to get people to stop...
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Jun 27, 2012
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stockton will become the largest american city ever to declare bankruptcy.this morning. city leaders approve the move last night. is currently $26 million in debt. iliana lopez testimony could cost the city of san francisco an airplane ticket. she is currently in her native venezuela. but lawyers say she is willing to testify for a trip back to california is paid for. a computer hacker is claiming to have breached san jose state's associated student website. school administrators say there is no sign that anyone's personal information has been compromised. the hacker brag about posting,, >> for silicon valley, we have a lot of brake lights right now on westbound 237. it is bottle necking leaving milpitas. that drive time is about double what it should be between 8008101. an accident northbound 280 by john daly boulevard. slower speeds just behind the accident and then things improve just a bit. a quick look at the san the abridge or things actually look pretty good. >> a lot of clear skies, looking good around the bay area right now. outside, so far so good
stockton will become the largest american city ever to declare bankruptcy.this morning. city leaders approve the move last night. is currently $26 million in debt. iliana lopez testimony could cost the city of san francisco an airplane ticket. she is currently in her native venezuela. but lawyers say she is willing to testify for a trip back to california is paid for. a computer hacker is claiming to have breached san jose state's associated student website. school administrators say there is...
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Jun 27, 2012
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. >>> the city of stockton, california is about to become the largest american city ever to declare bankruptcy. city officials say mediation with creditors has failed. stockton is facing a $20 million deficit next year. the port city is facing hard times after borrowing millions for ambitious projects. >>> starting tomorrow, people who use baltimore city water will start digging deeper into their pockets. adam -- alex demetrick has more on the plan to approve a rate increase. >> reporter: when large underground lines fail, streets become instant rivers. and those are expensive for baltimore's water system, parts of which are 100 years old. >> our water infrastructure has been crumbling beneath our feet and cannot be ignod. >> reporter: -- ignored. >> reporter: they are asking to increase the rates by 9%. for the average family of four, which currently pays over $1,170 a year for water, 9% will increase that bill to $1,276. or $97 more a year. for some who attended the hearing, that's too much for a department that has been at the center of billing errors. >> asking for increase in rate sos you
. >>> the city of stockton, california is about to become the largest american city ever to declare bankruptcy. city officials say mediation with creditors has failed. stockton is facing a $20 million deficit next year. the port city is facing hard times after borrowing millions for ambitious projects. >>> starting tomorrow, people who use baltimore city water will start digging deeper into their pockets. adam -- alex demetrick has more on the plan to approve a rate increase....
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Jun 27, 2012
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stockton will become the largest american city ever to file for bankruptcy. >>> new this morning, they right through the front doors and set off some device. it burned the entrance but there are no injuries. preliminary reports show three people were involved and nobody is claiming responsibility for the attack but it is similar to anarchest groups. >>> it has come ashore in florida tropical storm debbie and is bringing five inches of rain to some areas. mandatory evacuations have been called for several places and they have declared florida a state of emergency. what is going on there? >> dave, good morning, after several days of rain take a look at what people are dealing with. you see this home what appears to be a front yard now is a small lake and it is one of the hardest counties hit here in the state of florida. we have spoken with some of the residents seeing their home for the first time since the floods. >> reporter: dodging power lines and low hanging branches, we took a boat ride as emergency crews took them through what used to be their neighborhood. >> this road leads to
stockton will become the largest american city ever to file for bankruptcy. >>> new this morning, they right through the front doors and set off some device. it burned the entrance but there are no injuries. preliminary reports show three people were involved and nobody is claiming responsibility for the attack but it is similar to anarchest groups. >>> it has come ashore in florida tropical storm debbie and is bringing five inches of rain to some areas. mandatory evacuations...
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Jun 28, 2012
06/12
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stockton is set to become the latest and largest american city to file for bankruptcy protection. city voters approved the final set last night paving the way for chapter 9. the plan would effectively plugs a $26 million deficit. city lawyers have until friday to file in court. >> a trio of small fires came uncomfortably close. a burr on a power line may have sparked the first two fires occurred a handful acres. those started just for noon. horn in crockett and the other a mile away. crews knock them both down quickly but one fired to come within 700 ft. of homes. in walnut creek a torn grass fire burned right up to several backyards. that fire broke out around 3:00 this afternoon, crews had it under control in about 40 minutes. no property was damaged and no word yet on how a fire got started. >> state and local fire authorities carried out takeover raid at 2 contra costa county homes. after weeks of surveillance to recover hundreds of pounds of commercial great fire works including 3 in. mortars. it was enough to scare the neighbors nearby. >> that is very scary that they had tha
stockton is set to become the latest and largest american city to file for bankruptcy protection. city voters approved the final set last night paving the way for chapter 9. the plan would effectively plugs a $26 million deficit. city lawyers have until friday to file in court. >> a trio of small fires came uncomfortably close. a burr on a power line may have sparked the first two fires occurred a handful acres. those started just for noon. horn in crockett and the other a mile away....
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. >>> stockton will soon carry the dubious distinction as the largest american city to declare bankruptcy. the city of nearly 250,000 people is expected to file by week's end. the city council -- stockton is the second in the nature in foreclosu foreclosures. in sacramento, the city council is on the verge of passing foreclosure prevention measures. >> they will not be able to pay for essential services. and many experts agree, that that bankruptcy was predicated on the massive amount of foreclosures. >> bankers, the state chamber of commerce and the securities industry oppose the bills. >> santa clara county leaders say over a decade it could save a half billion dollars. today's board of supervises okayed the first version of the plan. they hope to put the issues before voters on the november ballot. >>> here's why your irving commute may have been a little bit of slower than usual. a big rig caught fire as he was headed to the port of oakland when his engine just started smoking. he was able to get out of the cab when it caught fire. >>> we're learning tonight about the first homicide,
. >>> stockton will soon carry the dubious distinction as the largest american city to declare bankruptcy. the city of nearly 250,000 people is expected to file by week's end. the city council -- stockton is the second in the nature in foreclosu foreclosures. in sacramento, the city council is on the verge of passing foreclosure prevention measures. >> they will not be able to pay for essential services. and many experts agree, that that bankruptcy was predicated on the massive...
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Jun 26, 2012
06/12
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stockton could become the largest american city to go into bankruptcy last and city officials scramble to meet a deadline to deal of credit hours helping to prevent in filing the of a population nearly 300,000 people at about $26 million in debt and as the nation's second highest foreclosure rates and financial bomb the road for the santa clara 49 stadium is forcing the city council into a special of closed-door sessions night this is a live web can let team and city officials say the product will continue as scheduled the city voters approved a project that money is then city redevelopment funds which are now under the county's control since the status of redevelopment agencies. six of seven out contra costa county supervisors will hear today from the chief the supervisors in not considering putting a parcel tax on a november ballot fire officials say there is no new taxes will have to close one- third of their 28 fire stations and lay off a third of their firefighters. let's get a check on the weather. >>> i finally had to do and face up at the and the first person. the kids even fig
stockton could become the largest american city to go into bankruptcy last and city officials scramble to meet a deadline to deal of credit hours helping to prevent in filing the of a population nearly 300,000 people at about $26 million in debt and as the nation's second highest foreclosure rates and financial bomb the road for the santa clara 49 stadium is forcing the city council into a special of closed-door sessions night this is a live web can let team and city officials say the product...
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Jun 27, 2012
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stockton is on the brink of becoming the largest american city to fail today. leaders approved a bankruptcy budget last night that includes more debt defaults, wage and benefit cuts. the chapter 9 file ko come as early as this morning. stockton spent three months negotiating with creditors trying to resolve the $26 million deficit. it defaulted on $2 million since february. >>> breaking news out of the east bay. what's left of the big rig fire that caused a big-time traffic jam on the freeway and off ramp is now being cleaned up. christie snit is live in oakland at this point. she's at the scene with the latest. good morning, christie. >> reporter: good morninmorning. they towed the burned cab and trailer out as well. the lane is basically clear, but it's not open yet. the chp said there was a little bit of oil that spilled out, so now they're working on the cleanup. they want to get this clean, because the off ramp here goes down, and they're afraid someone might skid. they want to get that cleaned up, and they may be calling cal trans out here to help with th
stockton is on the brink of becoming the largest american city to fail today. leaders approved a bankruptcy budget last night that includes more debt defaults, wage and benefit cuts. the chapter 9 file ko come as early as this morning. stockton spent three months negotiating with creditors trying to resolve the $26 million deficit. it defaulted on $2 million since february. >>> breaking news out of the east bay. what's left of the big rig fire that caused a big-time traffic jam on the...
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Jun 27, 2012
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the city that could become the largest american city ever to file for bankruptcy.cated about a half hour south of sacramento. population about 290,000. officials say stockton has a 26-million-dollar budget short fall and they have run out of options to deal with it housing crash and short drop in tax revenue has forced the city to cut cops and firefighters and other city jobs. weight problem. what the feds have just approved that may go a long way toward fixing it. plus, wives will love this one. the guys probably not so much. turns out a key to happiness could be a long list of chores. the strange finding coming up. federal and state drug agents today arrested more than a dozen people across florida. part of the drug enforcement agency's plan to step up attacks on our nation's growing prescription drug problem. agents in the statewide sweep raided more than a dozen pill mills all part of the same drug trafficking network. pill mills terms that investigators use ford shady clinics that write large number of prescriptions with few questions asked for some of the mos
the city that could become the largest american city ever to file for bankruptcy.cated about a half hour south of sacramento. population about 290,000. officials say stockton has a 26-million-dollar budget short fall and they have run out of options to deal with it housing crash and short drop in tax revenue has forced the city to cut cops and firefighters and other city jobs. weight problem. what the feds have just approved that may go a long way toward fixing it. plus, wives will love this...
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Jun 27, 2012
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. >>> while a financial storm has been brewing will make stockton, california, the largest american city ever to declare bankruptcy. the bankruptcy filing could be filed as soon as today. last ditch efforts to cut a deal on hundreds of millions of dollars in debt fell through. the 290,000 people of stockton, they have already seen drastic cuts including police officers and firefighters. >>> in other news this morning, a deal could be close at hand to prevent interest rates on student loans from doubling this weekend. lawmakers in the u.s. senate say they have reached an agreement, but still unclear if the republican-led house is going to go along with the plan. president obama had made the interest rate hike for students a high profile campaign issue. >>> attorney general eric holder could face an unprecedented contempt of congress vote tomorrow. there appears to be no deal bet twe between the obama administration and the republicans. gop members are demanding to see more documents about the failed justice department program which let guns into mexico in an effort to track them. >>> at t
. >>> while a financial storm has been brewing will make stockton, california, the largest american city ever to declare bankruptcy. the bankruptcy filing could be filed as soon as today. last ditch efforts to cut a deal on hundreds of millions of dollars in debt fell through. the 290,000 people of stockton, they have already seen drastic cuts including police officers and firefighters. >>> in other news this morning, a deal could be close at hand to prevent interest rates on...
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Jun 27, 2012
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stockton the largest american city to look for relief under bankruptcy laws. st having to finally take this step, how tough was that for you? >> well, it's a very difficult decision and move. it's not something that i was trained for in my career. it's not something i'm proud of. it's really the only option for stockton. >> the only option. when do you officially file for bankruptcy? >> we will file before the close of this week. possibly thursday or friday. >> i imagine this was the kind of thing where you sort of ran down your different options, alternatives, and determined this was best for the city. would you qualify this as a last resort move? >> absolutely. the irony is when i came here two years ago, i had lots of business people telling me you'll have to file bankruptcy. my response was i can't do that legally or ethically unless i can prove to myself and the attorneys this is the only and last option. we finally reached that after a couple of years. >> what was the tipping point? >> the tipping point is we tried everything that we have some legal contr
stockton the largest american city to look for relief under bankruptcy laws. st having to finally take this step, how tough was that for you? >> well, it's a very difficult decision and move. it's not something that i was trained for in my career. it's not something i'm proud of. it's really the only option for stockton. >> the only option. when do you officially file for bankruptcy? >> we will file before the close of this week. possibly thursday or friday. >> i imagine...
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Jun 27, 2012
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. >>> later today, stockton, california, could become the largest american city ever to file for bankruptcyand economists warn other large u.s. cities could be next. ben tracy takes a look at how they got into so much trouble. >> reporter: stockton, california was a city with big dreams. in the mid 2000s, it overhauled its marina. built new parking garages. bought a new city hall. and put up a new arena. the housing market was on fire and tax revenues were pouring in. so the city took out $190 million in bonds and loans to pay for their projects. >> everybody was still living high on the hog. >> reporter: bradley coster owned a bar downtown. >> on friday and saturday nights, the hockey team played. and we packed the place. >> reporter: but then the great recession came to stockton. unemployment is nearly 20%, and the foreclosure rate is one of the highest in the nation. tax revenues have plummeted, and the city is facing a $26 million deficit. the bank just took back those parking lots, and the future city hall. is it fair to say this city was living beyond its means for a long time? >> yes
. >>> later today, stockton, california, could become the largest american city ever to file for bankruptcyand economists warn other large u.s. cities could be next. ben tracy takes a look at how they got into so much trouble. >> reporter: stockton, california was a city with big dreams. in the mid 2000s, it overhauled its marina. built new parking garages. bought a new city hall. and put up a new arena. the housing market was on fire and tax revenues were pouring in. so the city...
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Jun 26, 2012
06/12
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today, stockton could become the largest american city to go into bankruptcy.ambled to meet a midnight deadline to reach a deal hoping to prevent bankruptcy. stockton has a population of nearly 300,000 people, about $26 million in debt, the nation',,,, >> we put a camera on a bus and right now they were crossing the upper deck of the bay bridge, it looks like they're getting off right now heading toward san francisco. the bay bridge is stacked up to the macarthur maze. we've been following a couple of accidents, slow traffic on 880 and an earlier problem on northbound 101. >> a lot of sunshine coming our way and it looks like a temperatures will warm-up just a little bit. nice clear skies over the city of san francisco. it looks like high-pressure is it looks like high-pressure is trying to build,,,,,,,, >> here's a wedding where the bride and groom literally took h >> here is a wedding where the bride and groom literally took the pung. everybody goes down. the docks they were standing on in michigan collapsed while they were taking pictures. the good news, no
today, stockton could become the largest american city to go into bankruptcy.ambled to meet a midnight deadline to reach a deal hoping to prevent bankruptcy. stockton has a population of nearly 300,000 people, about $26 million in debt, the nation',,,, >> we put a camera on a bus and right now they were crossing the upper deck of the bay bridge, it looks like they're getting off right now heading toward san francisco. the bay bridge is stacked up to the macarthur maze. we've been...
SFGTV: San Francisco Government Television
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Jun 1, 2012
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city blocks. we are proud we also have the largest event for asian- americans in the city. thank you for being here today. i want to commend mayor lee and all of san francisco for taking leadership in the asian-american community. they care very much. -- thank you very much. [applause] >> this is what i have been waiting for. i will like to bring up the co- chairs -- before i do that, i want to thank target one more time. they are the sponsor of many of our major events during the month. i would like to bring up the co- chairs of our awards committee to make the announcement. >> let's give claudine a big round of applause again. [applause] there are 3 co-chairs this year. let's give her a round of applause. [applause] this is the highlight of our event. to give you a brief background on the award nominations, they are submitted by the public through our web site at apasf.org. you can find a list of nomination criteria for the award categories. this year, the theme is advancing education. the nomination criteria is focused on achievements in the area of promoting and further
city blocks. we are proud we also have the largest event for asian- americans in the city. thank you for being here today. i want to commend mayor lee and all of san francisco for taking leadership in the asian-american community. they care very much. -- thank you very much. [applause] >> this is what i have been waiting for. i will like to bring up the co- chairs -- before i do that, i want to thank target one more time. they are the sponsor of many of our major events during the month....
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Jun 27, 2012
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stockton is set to make history, becoming the largest american city to declare bankruptcy.t it means for folks there and the rest of the country. we're live with that story in just a moment. >>> she's also a high-profile democrat. senator claire mccaskill now joining a growing list of ore prominent members of her party to skip the big convention. a top democratic leader says she and the others are doing the right thing. we're going to have a fair and balanced debate next. [ male announcer ] trophies and awards lift you up. but they can also hold you back. unless you ask, "what's next?" introducing the all-new rx f sport. this is the pursuit of perfection. this is a test. the postal service is critical to our economy, delivering mail, medicine and packages. yet the house is considering a bill to close thousands of offices, slash service and layoff over 100,000 workers. the postal service is recording financial losses but not for reasons you might think. the problem ? a burden no other agency or company bears. a 2006 law that drains $5 billion a year from post office revenue
stockton is set to make history, becoming the largest american city to declare bankruptcy.t it means for folks there and the rest of the country. we're live with that story in just a moment. >>> she's also a high-profile democrat. senator claire mccaskill now joining a growing list of ore prominent members of her party to skip the big convention. a top democratic leader says she and the others are doing the right thing. we're going to have a fair and balanced debate next. [ male...
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Jun 27, 2012
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stockton, california, set to become the largest american city ever to declare bankruptcy.ach a deal to restructure debt. >> another day at european debt auctions. italy sold six-month debt at an average yield at just under 3%. it's the highest since december. let's take a quick look at futures. i think we got some green arrows across the board this morning. dow looks like it would open up about 22 points higher, nasdaq up 5 points, s&p 500 also looking green this morning. becky. >> thank you. investors obviously looking ahead to that summit of eu leaders. expectations seem to have ratcheted down over the past few days. >> gentlemen, welcome to both of you. >> hey, becky. >> roger, is this the right way to start out the conversation, looking at what's happening to europe? is that going to dictate markets for who knows how long? >> it's a tug of war between the down beat data on the u.s. economy and overhang of eurozone risk. one moment it's the eurozone problem which seems to be driving markets and another moment a piece of data will see what the durable goods report is tod
stockton, california, set to become the largest american city ever to declare bankruptcy.ach a deal to restructure debt. >> another day at european debt auctions. italy sold six-month debt at an average yield at just under 3%. it's the highest since december. let's take a quick look at futures. i think we got some green arrows across the board this morning. dow looks like it would open up about 22 points higher, nasdaq up 5 points, s&p 500 also looking green this morning. becky....
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Jun 27, 2012
06/12
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. >>> stockton, california, set to become the largest american city ever to declare bankruptcy. to reach a deal to restructure debt. it could come as soon as today. wow. >> they have said there weren't going to be municipal bankruptcies. >> this is the biggest, though. >> they're not enormous but they're happening. >> in california, there's a real problem with the pensions, giveaways. still fewer than we thought. >> and whitney predicted. >> not done with it as something to be concerned about. >> i like whitney. whitney savings bank where my daughter's going to open an account in the fall going to tulane. >> was there a nbc sitcom called whitn whitney? >> not sure. let's change the topic. >> let's do that. >> can i follow up quickly. retention awards, and they're both laughing at me. >> we're not. >> no, we're not. >> with you. >> i'm going to be removed from the show and brought on a nbc sitcom. they're now making 100% of the retention awards subject to performance criteria. and all the awards will be paid entirely in shares in the combined group and trying to address that aspe
. >>> stockton, california, set to become the largest american city ever to declare bankruptcy. to reach a deal to restructure debt. it could come as soon as today. wow. >> they have said there weren't going to be municipal bankruptcies. >> this is the biggest, though. >> they're not enormous but they're happening. >> in california, there's a real problem with the pensions, giveaways. still fewer than we thought. >> and whitney predicted. >> not done...
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Jun 1, 2012
06/12
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also this weekend, we'll feature the history of wichita as part of our visit to the largest city in kansas. american history tv this weekend on c-span 3. >>> defense secretary leon panetta delivered the commencement address at the u.s. naval academy on tuesday. his remarks are 25 minutes. >> thank you very much. admiral and secretary amabas, thank you for the great job you do. congressman, distinguished guests, parents, friends, families, deans and faculty, and above all the class of 2012. it is for me a very distint honor and privilege to take part in this very special occasion. as a secretary of defense. and let me first and foremost express my deepest congratulations to all of you in the class of 2012. you made it. [ applause ] and i'm sure that right about now your families are all saying, thank god you made it. it's also a real privilege for me to be welcomed here on navy turf as a former army officer, although i have to tell you one of our three sons is a former navy officer who served in afghanistan. i try as secretary to be a loyal supporter of each of our great outstanding services. even wh
also this weekend, we'll feature the history of wichita as part of our visit to the largest city in kansas. american history tv this weekend on c-span 3. >>> defense secretary leon panetta delivered the commencement address at the u.s. naval academy on tuesday. his remarks are 25 minutes. >> thank you very much. admiral and secretary amabas, thank you for the great job you do. congressman, distinguished guests, parents, friends, families, deans and faculty, and above all the...
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Jun 26, 2012
06/12
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FOXNEWSW
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the largest american city yet on the verge of bankruptcy. how will it get out of this mess?with $3 billion in aid to egypt? it's your money. we'll see you in ten minutes on "america's newsroom" we're a little early for this thing... want to hop in the back and get weird? no. no. ♪ ugh, no! [ sighs ] we can have hotdogs for dinner?! yes. [ male announcer ] it's nice to finally say "yes." new oscar mayer selects. it's yes food. [ engine turns over ] [ male announcer ] we created the luxury crossover and kept turning the page, this is the next chapter for the rx and lexus. this is the pursuit of perfection. >> brian: the site of the 9-11 attacks. it was disrespected by a class of junior high school students last week from brooklyn. several kids on a class trip were reportedly thrown out of the 9-11 memorial for, get this, tossing trash into the reflecting pools. the kids are now being disciplined. are they the ones to blame? jim richie is a retired fdny deputy chief who lost his firefighter son, jimmy, during the 9-11 attacks. now first off, your reaction to the story? >> it wa
the largest american city yet on the verge of bankruptcy. how will it get out of this mess?with $3 billion in aid to egypt? it's your money. we'll see you in ten minutes on "america's newsroom" we're a little early for this thing... want to hop in the back and get weird? no. no. ♪ ugh, no! [ sighs ] we can have hotdogs for dinner?! yes. [ male announcer ] it's nice to finally say "yes." new oscar mayer selects. it's yes food. [ engine turns over ] [ male announcer ] we...
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Jun 27, 2012
06/12
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CNNW
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. >>> stockton, california, is set to become the largest american city to declain bankruptcy. million budget shortfall. they passed a special budget to operate under chapter 9. 209,000 people live there and the city says it plans to keep pays its employees and vendors. >>> it's summer and the living is easy except for some coasts suffering from pollution. the natural resources defense council released its annual beach report. these beaches you may want to avoid. avalon beach in los angeles, doheny state beach and win net ka elder park beach in cook county, illinois. check out newport beach, bol is a cheek ka beach and huntington state beach. storm water runoff and sewage pollution seems to be the big issues some people are dealing with. an annual report, but still enjoy the summer. >> a long way for here, i like newport beach, huntington beach. stay with me. to noit's moments you may have missed or maybe long ago forgotten about. it might make you feel old. atari turns 40 years old. in june 1972 the company was formed with just $500. five months later they released pong. you k
. >>> stockton, california, is set to become the largest american city to declain bankruptcy. million budget shortfall. they passed a special budget to operate under chapter 9. 209,000 people live there and the city says it plans to keep pays its employees and vendors. >>> it's summer and the living is easy except for some coasts suffering from pollution. the natural resources defense council released its annual beach report. these beaches you may want to avoid. avalon beach...
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Jun 2, 2012
06/12
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CSPAN3
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also this weekend, we'll feature the history of wichita as part of our visit to the largest city in kansas. american history tv, this weekend on c-span 3. >>> each week, american artifacts takes viewers into archives, museums and historic sites around the country. at the outbreak of the civil war in the spring of 1861, washington, d.c. was a lightly defended city and vulnerable to attack with only one fort located 12 miles south of the city, and the confederate state of virginia just across the potomac river. by 1865, the nation's capital arguably had become the most fortified city in the world with a ring of about 70 armed forts and batteries encircling the city. we visited three of the surviving forts with dale floyd, author of a study on the civil war defenses of washington for the national park service. >> right now, we are in the museum at ft. ward which has a variety of different artifacts in it. one of the nice things is they have a map of the defenses of washington, and it gives you a good idea of where they are today. we are at ft. ward, which is here. and today we are also going to go to f
also this weekend, we'll feature the history of wichita as part of our visit to the largest city in kansas. american history tv, this weekend on c-span 3. >>> each week, american artifacts takes viewers into archives, museums and historic sites around the country. at the outbreak of the civil war in the spring of 1861, washington, d.c. was a lightly defended city and vulnerable to attack with only one fort located 12 miles south of the city, and the confederate state of virginia just...
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also this weekend, we'll feature the history of wichita as part of our visit to the largest city in kansas. american history tv, this weekend on c-span3. >>> frederick pabts was born 1836 in saxny, germany. seeking a better life his family moved to the united states in 1848. eventually ending up in milwaukee. frederick pabs worked his way from cabin boy to steamship captain on the great lakes. in 1862 he married maria best. soon after he purchased half of the small best brewing company. by the 1890st, the renamed pabst brewing company was the largest lager brewery in the world. next a visit to the restored mansion of the beer baron pabst. >> the exterior of the mansion has been restored by several restoration campaigns that sought to bring back more of the original details that had been lost over the decades. the large spires on top of the house were recreated base ds on original photographs after the original ones had been destroyed by lightning early in the 20th century. when this house was one of the highest points in the neighborhood. recently we've returned awnings back to the front elevation o
also this weekend, we'll feature the history of wichita as part of our visit to the largest city in kansas. american history tv, this weekend on c-span3. >>> frederick pabts was born 1836 in saxny, germany. seeking a better life his family moved to the united states in 1848. eventually ending up in milwaukee. frederick pabs worked his way from cabin boy to steamship captain on the great lakes. in 1862 he married maria best. soon after he purchased half of the small best brewing...
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Jun 1, 2012
06/12
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also this weekend, we'll feature the history of wichita as part of our visit to the largest city in kansas. american history tv this weekend on c-span3. >>> sunday on "q&a" -- >> people see walter cronkite as the friendly man, which he was to everybody, but there is another side of him that wanted to be the best. he was obsessed with ratings and beating huntley brinkley report every night. he is probably the competitor i've ever written about, and i've written about presidents and generals and cronkite's desire to be the best was very pronounced. >> best-selling author douglas brinkley on his new biography of long-time cbs news anchor walter cronkite, sunday at 8:00 eastern and pacific on c-span. >>> former british prime minister tony blair defended his relationship with rupert murdoch this week before a british panel examining the relationships between politicians and the press. he told the panel that he had a working relationship with mr. murdoch during his time as prime minister, but added that they became personal friends after his time in office. later during the hearing a protester interrupted
also this weekend, we'll feature the history of wichita as part of our visit to the largest city in kansas. american history tv this weekend on c-span3. >>> sunday on "q&a" -- >> people see walter cronkite as the friendly man, which he was to everybody, but there is another side of him that wanted to be the best. he was obsessed with ratings and beating huntley brinkley report every night. he is probably the competitor i've ever written about, and i've written about...
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Jun 2, 2012
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as part of our visit to the largest city in kansas. american history tv this weekend on c-span3. >>> each week at this time american history tv features an hour long conversation from c-span's sunday night interview series q and a. here's this week's encore q and a on american history tv. >>> this week on q and a, our guest is the author of second chance, three presidents and the crisis of american superpower. >> author of the grand failure, the birth of death and communism in the 20th century. why this new book? >> why not? i write books. it seems to me in this particular one i'm dealing with a truly momentus historical development. something that has happened before our very eyes and yet has been touching us all, for all these decades ideology that was so dominant in the course of the century, literarily before our very eyes is disintegrating as a system and dyings a a doctrine. that's a very important development. >> that was 18 years ago almost to the day. that was our first book notes program that lasted 16 years. and when you see yourself
as part of our visit to the largest city in kansas. american history tv this weekend on c-span3. >>> each week at this time american history tv features an hour long conversation from c-span's sunday night interview series q and a. here's this week's encore q and a on american history tv. >>> this week on q and a, our guest is the author of second chance, three presidents and the crisis of american superpower. >> author of the grand failure, the birth of death and...
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Jun 3, 2012
06/12
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> also this weekend we'll feature the history of wichita as part of our visit to the largest city in kansas. american history tv, this weekend on c-span 3. you can watch every saturday and sundays at 1:00 p.m. this week, american history professor quintard taylor looks at the civil rights movement from the 1940s through the 1960s. professor taylor focuses on the 1954 u.s. supreme court decision on brown v. board of education and the 1957 integration of central high school in little rock, arkansas. this two-hour class took place at the university of washington in seattle. >> folks, welcome to this class in african-american history. we're going to discuss the civil rights movement origin our discussion of the civil rights movement tonight. for those of you, those of you in this room know who i am but for others i'm quintard taylor and i'm a professor of history, american history at the university of washington. okay, we'll get started. last time -- last week we talked about world war ii and one of the things that i tried to emphasize was the fact that ordinary people were becoming much more militant an
> also this weekend we'll feature the history of wichita as part of our visit to the largest city in kansas. american history tv, this weekend on c-span 3. you can watch every saturday and sundays at 1:00 p.m. this week, american history professor quintard taylor looks at the civil rights movement from the 1940s through the 1960s. professor taylor focuses on the 1954 u.s. supreme court decision on brown v. board of education and the 1957 integration of central high school in little rock,...
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and stockton, california, about to be the largest bankrupt american city.metown be next? heather: hope not. bill: because you asked. >> a lot of these cities 35-40 cents of everything that they raise in terms of tax revenue is not going for schools, it's not going for roads, it's not going for the police, it's going for paying retirement benefits. this is why this public employee retirement pension crisis is such a big deal. heather:22 minutes past the top of the hour. queen elizabeth shaking the hand of a former commander of the irish republican army for the very first time. the meeting 14 years after the ira ended its war against britain's claim to northern ireland. >>> a mess in southern california, some 19 cars involved in massive pileups on a freeway. at least 15 people reported injured. >>> and a warning if you're heading to asbury park, new jersey, for the fourth of july, it is against the law to wear swim suits on the boardwalk. a former councilwoman wants the town to enforce a decades-old ban. the town just doesn't have the resources to enforce it.
and stockton, california, about to be the largest bankrupt american city.metown be next? heather: hope not. bill: because you asked. >> a lot of these cities 35-40 cents of everything that they raise in terms of tax revenue is not going for schools, it's not going for roads, it's not going for the police, it's going for paying retirement benefits. this is why this public employee retirement pension crisis is such a big deal. heather:22 minutes past the top of the hour. queen elizabeth...
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Jun 2, 2012
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> also this weekend we'll feature the history of wichita as part of our visit to the largest city in kansas. american history tv, this weekend on c-span 3. >>> sunday on q and a -- >> i think the problem with walter cronkite, people see him
> also this weekend we'll feature the history of wichita as part of our visit to the largest city in kansas. american history tv, this weekend on c-span 3. >>> sunday on q and a -- >> i think the problem with walter cronkite, people see him
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Jun 28, 2012
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. >>> well, for the first time in a century most of americans living in the largest cities are growinga faster rate than the surrounding suburbs. the latest census report says young adults who are delaying careers, marriage and having children are the driving force in all of this. a lot of college graduates have enormous debt and they are renting in cities rather than buying homes in the suburbs. >>> new information this morning on the man who ate another man's face. you may remember this story out of miami. florida. the toxicology report is out and investigators say they're pretty surprised. >> also today a supreme court decision that's going to affect all of us. we're going to preview the health care law, what's at stake and when this ruling will take place. >> and we need some rain and maryland's most powerful radar is quiet right now. i'll tell you when it gets activity again. those -- active again. those details coming up. >> everything nice and clear here on 695 and harford road. i'll tell you what they look like coming up on "good morning maryland." >>> good morning, topping ame
. >>> well, for the first time in a century most of americans living in the largest cities are growinga faster rate than the surrounding suburbs. the latest census report says young adults who are delaying careers, marriage and having children are the driving force in all of this. a lot of college graduates have enormous debt and they are renting in cities rather than buying homes in the suburbs. >>> new information this morning on the man who ate another man's face. you may...
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Jun 29, 2012
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>>mark: stockton is the largest city in american to ever this happened after the city was unable to reach a deal with its six creditors that amount >> they did not have enough money to plug in next year's $60 million shortfall. >>darya: if you have a clicker card go at any the street cries airbus's two. muni is going to be the first system to offer the all door boarding system karen >> train fares are going up by 1.4%. some tips would go up as high as ¢ . it >> they said the increase is linked to the rate of inflation >>mark: let's take a look outside. we had some odd that is looking to break out. -- we have some fog there we are looking at to break up. >> and and next wednesday the fourth of july and 9:00 p.m. can join as for july 4th live. they >> >>mark: morning news pared blackberries said that they're going to let go more employees spin pit in the bad news is not entirely surprising they say that price a day and and competition is hurting the company. >>darya: at the developer's concept of suggested they go announced that the kron browser will be available and so will grow old drive
>>mark: stockton is the largest city in american to ever this happened after the city was unable to reach a deal with its six creditors that amount >> they did not have enough money to plug in next year's $60 million shortfall. >>darya: if you have a clicker card go at any the street cries airbus's two. muni is going to be the first system to offer the all door boarding system karen >> train fares are going up by 1.4%. some tips would go up as high as ¢ . it >>...
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also this weekend will feature the history of which a top as part of our visit to the largest city in kansas. american history tv this week and on c-span3. sunday on "q&a." >> the problem with walter cronkite, people see him only as the family man, which he was to everybody, but there is another side to him that wanted to be the best. he was obsessed with ratings. he is probably the fiercest competitor, and i have written about presidents and generals and cronkite's desire to be the best was very pronounced. >> best selling author douglas brinkley on his new biography on longtime cbs news anchor walter cronkite. >> yesterday, the house gaveled in to begin work on 2013 spending for the energy department and federal water projects. the bill provides $32 billion while increasing funding for the u.s. nuclear weapons stockpile and fossil fuel programs. members completed work on amendments, and next week, they will take final votes. the house returns tuesday with morning our speeches at noon eastern and legislative work at 2:00. yesterday, the house leaders came to the floor to talk about next week's agenda
also this weekend will feature the history of which a top as part of our visit to the largest city in kansas. american history tv this week and on c-span3. sunday on "q&a." >> the problem with walter cronkite, people see him only as the family man, which he was to everybody, but there is another side to him that wanted to be the best. he was obsessed with ratings. he is probably the fiercest competitor, and i have written about presidents and generals and cronkite's desire...
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Jun 25, 2012
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largest city in america to file for bankruptcy checkey beckford has more. >>> stockton stops several list but this could take the cake is the all-american city is forced to file bankruptcy >>> it is the city struck with bad luck? >>> it is. >>> whether the curse of the bambino or a bad economy stockton cannot catch a break >>> a love going on not good >>> people deal with high crime and high unemployment now deal with the city could be the largest ever defile bankruptcy if leaders cannot reach a deal with creditors. by tomorrow. >>> it makes me think our leaders now doing his job or her job >>> officials admit some mistakes were made they're still paying for those mistakes and dealing with the lingering crash of the economy dropping at tax base and over generous retirement plans. the city council will vote on a special budget and file for bankruptcy wednesday morning and stop debt payments and reduce pay and benefits. and increase parking citations. the city has promised if they file for bankruptcy and adopt a special budget will not be custom services like police and fire. >>> some victims in the bernie madoff scheme are getting a measure of justice. a
largest city in america to file for bankruptcy checkey beckford has more. >>> stockton stops several list but this could take the cake is the all-american city is forced to file bankruptcy >>> it is the city struck with bad luck? >>> it is. >>> whether the curse of the bambino or a bad economy stockton cannot catch a break >>> a love going on not good >>> people deal with high crime and high unemployment now deal with the city could be the...
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. >>> we are learning that an american was the pilot of commercial airliner that crashed in niger 's largest city his identity has -- nigeria's largest city his identity has not been released yet. the plane slammed into two buildings surrounding homes and shops in the area. it is not known how many people were killed or hurt on the ground yet. the cause of the crash is under investigation. officials say the pilots had radioed in before the crash saying the plane had engine trouble. nigeria's president has declared three days of national mourning. >>> man accused in the murder of florida teenager trayvon martin is waking up in jail again this morning. his attorney expects to file a motion ford a new bond hearing. george zimmerman surrendered yesterday after the judge revoked his bail. he accused him of lying about how much money he has. police released these new booking photos. a website set up for his legal defense fun raised $135,000 during the time of his initial bond hearing in april. >> the man who oakland police say instigated a drive-by shooting in front of a police officer is behind bars t
. >>> we are learning that an american was the pilot of commercial airliner that crashed in niger 's largest city his identity has -- nigeria's largest city his identity has not been released yet. the plane slammed into two buildings surrounding homes and shops in the area. it is not known how many people were killed or hurt on the ground yet. the cause of the crash is under investigation. officials say the pilots had radioed in before the crash saying the plane had engine trouble....