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Sep 9, 2014
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and donors from the detroit institute of art. it would help to reduce pension cuts and transfer the city art. some don't like the bargain because the art work is worth billions and could be sold. >> part of the problem is whether it's pensioners or any other creditors the pot is so only big to go around. you'll see creditors potentially trying to grab whatever they can to satisfy debts owed to them. >> reporter: how to fix city services is in the recovery plan. detroit announced a new water deal asking surrounding counties to join the great lakes water authority. >> the mayor of detroit and the county executive wayne county, the county executive of oakland county and county executive of macomb county have all come together and agreed on a solution. >> rate increases would be capped at 4% over the next decades and includes $4.5 million to help people pay bills. water became a symbol of the crisis this summer as the city shut off water to people who hadn't paid their bills. >> they want to be forgiven for their debt, okay, and when
and donors from the detroit institute of art. it would help to reduce pension cuts and transfer the city art. some don't like the bargain because the art work is worth billions and could be sold. >> part of the problem is whether it's pensioners or any other creditors the pot is so only big to go around. you'll see creditors potentially trying to grab whatever they can to satisfy debts owed to them. >> reporter: how to fix city services is in the recovery plan. detroit announced a...
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Sep 13, 2014
09/14
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the place, like so much of detroit invites it. ing, as they call it, sitting through the remains of detroit's ongoing tragedy, sitting in front of them, posing in front of them, is irresistible. others like us, i should point out, wallowing in ruin porn. >> where are we standing. >> right here was the spray paint booth, with the cars, you can watch with the overhead spray. it ended like 45 feet over here. there are bridges here in the main building and actually they came across the bridges. you're looking at the possibility of three quarters of a mile long. >> you're talking hundreds of thousands of people working on the process. i mean, this is not a perfect model for detroit but it is a perfect model, when a big factory goes down, that is not just 33,000 people, that is 33,000 families who are going to be eating dinner out less. >> you got a point there on tha that. >> most people have no idea what a packard even was, we're talking about one of the great luxury cars in the world. >> yeah, it was a car everybody wanted to have, ki
the place, like so much of detroit invites it. ing, as they call it, sitting through the remains of detroit's ongoing tragedy, sitting in front of them, posing in front of them, is irresistible. others like us, i should point out, wallowing in ruin porn. >> where are we standing. >> right here was the spray paint booth, with the cars, you can watch with the overhead spray. it ended like 45 feet over here. there are bridges here in the main building and actually they came across the...
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Sep 18, 2014
09/14
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the way. it is about detroit and the huge comeback. bankruptcy is a help. t had gone through decades of decline. many things were already coming back. we've got wayne state here. fabulous research, education. the city itself, the city government was slowing down the recovery, so i viewed the bankruptcy as a solution to 50 years of problems. now we hit the reset button. services are already improving within the city. public safety's improved dramatically. trash pickup, new lighting. so many things with city services. that really complemented the whole comeback. >> there have been tremendous challenges along the way. >> yes, still work to be done. the riverfront, midtown, downtown detroit, you're going to see an exciting place. the neighborhoods. we have a lot of important work. there are good things going on, but we need to pick up the pace there. >> ron, any questions? >> quickly, what do you say to the folks losing part, of their pensions? and how do you handle closing the device that's always been between detroit and the rest of the state, black and white,
the way. it is about detroit and the huge comeback. bankruptcy is a help. t had gone through decades of decline. many things were already coming back. we've got wayne state here. fabulous research, education. the city itself, the city government was slowing down the recovery, so i viewed the bankruptcy as a solution to 50 years of problems. now we hit the reset button. services are already improving within the city. public safety's improved dramatically. trash pickup, new lighting. so many...
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Sep 29, 2014
09/14
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one of the detroit neighborhoods at the tipping point.re's lots of streets just like this one where you have homes well taken care of but sandwiched in between others vacant and run down. the city is now aggressively targeting homeowners either clean up your property or lose it they are also offering incentives for people to buy homes like this one, to move in and to stay here. >> gloria mitchell moved to mary grove in 1978. >> when people talk about detroit blight and some of the neighborhoods that are up and down, how would you describe how your neighborhood and your street fits into that? >> it fits right in the middle. we have quite a mix here now, where it went from working class, it's now retirees, former working people. it's families, new, old. it's everything here. >> this mary grove home is about to be seized by the detroit land bank authority. the land bank has been in operation for years with little notice. now the mayor has hired more staff including attorneys, computer teches and a communications director. >> detroit land ban
one of the detroit neighborhoods at the tipping point.re's lots of streets just like this one where you have homes well taken care of but sandwiched in between others vacant and run down. the city is now aggressively targeting homeowners either clean up your property or lose it they are also offering incentives for people to buy homes like this one, to move in and to stay here. >> gloria mitchell moved to mary grove in 1978. >> when people talk about detroit blight and some of the...
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Sep 7, 2014
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therefore, it would be up to the city of detroit to go back to the drawing board. >> what does a recoveryk like? >> broadly, if a recovery for detroit would mean they have services in place that give good fire, police, parks, schools, that would be a great recovery for detroit and hopefully all this effort through the bankruptcy process will get to that place. >> respective leaders will be following this case closely. what can we learn or what ever we learned from detroit's historic bankruptcy? >> we've learned that even a city as great as detroit, as big as detroit, with so many creditors as detroit can go through bankruptcy, can go through bankruptcy relatively quickly, and we hope can emerge a much stronger financial and attractive municipality for people to live in. >> i think we all agree we'd like to see a quick recovery. kate long and laura bartell, ladies, great to have you with us on a deeper look. >> thank you. >> coming up on aljazeera america, a house-sized asteroid headed toward earth could mean trouble for satellites circling above. stay with us. there's more to finical news
therefore, it would be up to the city of detroit to go back to the drawing board. >> what does a recoveryk like? >> broadly, if a recovery for detroit would mean they have services in place that give good fire, police, parks, schools, that would be a great recovery for detroit and hopefully all this effort through the bankruptcy process will get to that place. >> respective leaders will be following this case closely. what can we learn or what ever we learned from detroit's...
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definitely wouldn't want the city of detroit. back in the hands of governor rick snyder we hope that judge stephen rhodes will do right by citizens in the city there you go pastor d.l. example it's always great to see thanks for dropping by thank you so much great to be uninsured. is the good the bad of the very very most searing really ugly the good. feel of knots over ice bucket challenge there's a new social media campaign a charity campaign coming to town over the last week celebrities like british comic ricky gervais's have been tweeting pictures of themselves grabbing their family jewels along with a hashtag feeling nuts carolyn they're trying to start a back in june by a british organization called check one two tries to raise awareness about testicular cancer and encourages men to regular check themselves for growths down there one time will tell if the feeling doubts campaign becomes as successful as the ice bucket challenge but there's no debating the fact that anyone posed posted a picture of themselves grabbing well th
definitely wouldn't want the city of detroit. back in the hands of governor rick snyder we hope that judge stephen rhodes will do right by citizens in the city there you go pastor d.l. example it's always great to see thanks for dropping by thank you so much great to be uninsured. is the good the bad of the very very most searing really ugly the good. feel of knots over ice bucket challenge there's a new social media campaign a charity campaign coming to town over the last week celebrities like...
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and screw news the fate of detroit rests in the hands of one man that a judge steven rhodes began hearing arguments in detroit's municipal bankruptcy case and the stakes couldn't be higher the future of the motor city in large part depends on whether judge rhodes approves of that city's plan to slash over seven billion dollars of its estimated eighteen billion dollars in debt while reinvesting a mere one point five billion in city services while supporters of the plan argue that it's the best way to get the motor city back on its feet is a really the best deal for the people who call detroit home joining me now for more on that is pastor d.l. xander boy founder and national spokesman for the change agent consortium esther bullock welcome back. tom very to be on the show it is always so great to see you my friend let's start off with detroit's bankruptcy plan what are the specific details that we know now. but what we know now is that there are six classes of creditors with one class approving the plan five other classes and voted to reject the plan very interesting component of the plan a
and screw news the fate of detroit rests in the hands of one man that a judge steven rhodes began hearing arguments in detroit's municipal bankruptcy case and the stakes couldn't be higher the future of the motor city in large part depends on whether judge rhodes approves of that city's plan to slash over seven billion dollars of its estimated eighteen billion dollars in debt while reinvesting a mere one point five billion in city services while supporters of the plan argue that it's the best...
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Sep 19, 2014
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he's in the midst of an $18 billion reorganization for detroit. n american city. >> it's got complicated history. we've had some political intrigue at municipal government level. also the macro economic trends of huge depopulation of the industrial workforce here in the midwest. >> does anybody think it's okay to have 40-year-old trees growing through the roofs of dilapidated houses? does anybody think they can call the police and have them not come on time? >> it's aimed at wiping out detroit's debt. he's trading for a chance to bring the city back from financial ruin. the plan also seeks to block any attempt to sell the priceless works of art in the city-owned detroit institute of arts. seen by many as a cultural landmark. >> so, the grand bargain is an idea where the state kicks in some money and philanthropic institutes kick in some money. that money goes towards keeping the artwork out of liquidation and the proceeds of that money go to help defraying the cost of pensions that are getting cut. it's a pension, artwork, state cash injection deal
he's in the midst of an $18 billion reorganization for detroit. n american city. >> it's got complicated history. we've had some political intrigue at municipal government level. also the macro economic trends of huge depopulation of the industrial workforce here in the midwest. >> does anybody think it's okay to have 40-year-old trees growing through the roofs of dilapidated houses? does anybody think they can call the police and have them not come on time? >> it's aimed at...
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Sep 2, 2014
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the imf. chilcote,rg's ryan and coming up, detroit's penalty trial gets underway. ill have that story. ♪ its customersand may be the latest victim of hackers, and details are still emerging, and julie hyman is following the story. julie? >> thank you. this was first reported a law, a journalist who specializes in -- this was first reported in a blog by a journalist who specializes in data security. what he calls the cyber crime underground, or per traders in these luminary investigations. be the same russian and ukrainian hackers who also were to blame at targets, of course, that massive data breach that we talked about, sally b as well as sally beautyaid -- chang, and he. said it could affect all of the home depot stores. and there are nearly 1800 targets, so it is not clear about how many cards this could have affected. >> it is a court hearing, a final hearing in the mass of the municipal bankruptcy underway. michael mckee is following this for us. >> the morning was taken up by motions about what evidence may be admissible. shut offnvolving water the for those w
the imf. chilcote,rg's ryan and coming up, detroit's penalty trial gets underway. ill have that story. ♪ its customersand may be the latest victim of hackers, and details are still emerging, and julie hyman is following the story. julie? >> thank you. this was first reported a law, a journalist who specializes in -- this was first reported in a blog by a journalist who specializes in data security. what he calls the cyber crime underground, or per traders in these luminary...
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Sep 2, 2014
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but such are the harsh times that have befallen detroit. the once prosperous home to america's auto industry is now known for being the largest city to ever file for bankruptcy. abandoned homes litter many neighborhoods. at its peak in the 1950's, 1.8 million people lived in detroit. roughly only 700,000 remain. of those almost half live in poverty and many struggle for water. >> jobs are gone. we're barely making it as it is. the government has cut pensions, paychecks and everything else, and now you going to take the one thing that we need to really sustain life? >> sonya brown is giving away water from her home so people without can get some for free. it's a sign that even as detroit's infrastructure crumbles its sense of community has not. now the city is waiting for the courts to do their part and approve a new financial plan. o detroit can begin to remr. -- rebuild. >> pregnant women without water in approximate america's heartland, think of that. apple said today some celebrity accounts were deliberately targeted and hacked. it wasn't
but such are the harsh times that have befallen detroit. the once prosperous home to america's auto industry is now known for being the largest city to ever file for bankruptcy. abandoned homes litter many neighborhoods. at its peak in the 1950's, 1.8 million people lived in detroit. roughly only 700,000 remain. of those almost half live in poverty and many struggle for water. >> jobs are gone. we're barely making it as it is. the government has cut pensions, paychecks and everything...
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Sep 5, 2014
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>> we did in detroit. when the010 act was passed, i did not wait until 2014 to introduce it to kids. in detroit, we have to do things early. because of the stronger administrative standards, we had to implement them early. when we introduced those items to children, they ate them raw almond they ate them in their natural state. then we put them on the menu. e also implemented a program that's -- that the children do not have to take all of the items, they just have to take eight cup of fruit. - take a cup of fruit. being from michigan, and apple was primary to introduce. we introduced all varieties of pples. kindergartners then are now fourth-graders. fourth-graders then are eighth-graders now. they know this is what a school meal looks like in detroit during eighth-graders now are 12 graders, and hopefully when they go onto college, they will have had the experience of eating healthy foods. it is really about continuously educating our children, putting items before them, and using various resources like the depar
>> we did in detroit. when the010 act was passed, i did not wait until 2014 to introduce it to kids. in detroit, we have to do things early. because of the stronger administrative standards, we had to implement them early. when we introduced those items to children, they ate them raw almond they ate them in their natural state. then we put them on the menu. e also implemented a program that's -- that the children do not have to take all of the items, they just have to take eight cup of...
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Sep 5, 2014
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the trials and tribulations in detroit are well-known. decliningict with enrollment and multiple facility closures, i have the great pressure to make sure most of virtually written get each breakfast and lunch with us. our work makes a critical, positive difference in the lives and community. to makethe first breakfast universally available supported by several studies and demonstrated a direct correlation between eating breakfast and improving academic performance. we provide free fresh cooked hot food to all students and all schools. we include a healthy array of fresh bunch tables and fruits, 100% fruit juices and low-fat milk. low risk.ve in detroit, we warmly welcome higher nutrition standards from the 2010 health and kids hunger act. this has prompted us to institute changes that are making a conscious difference in the life of children and employees. this provides a framework for several other provisions of the legislation including additional training opportunities and equipment and purchasing assistance. it is the improve nutritio
the trials and tribulations in detroit are well-known. decliningict with enrollment and multiple facility closures, i have the great pressure to make sure most of virtually written get each breakfast and lunch with us. our work makes a critical, positive difference in the lives and community. to makethe first breakfast universally available supported by several studies and demonstrated a direct correlation between eating breakfast and improving academic performance. we provide free fresh cooked...
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Sep 3, 2014
09/14
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. >>> when we return, sealing the deal on the grand bargain, detroit makes the case for its recoveryn. the will the motor city's creditors, or community, on him out ahead? later in he our program, our special coverage on the fight for chicago. we return to the same streets and find the same pain we saw one year ago. kr-pbd end christof o correspondent christof on what has changed over the last year and why the city may still be losing the battle. >>> today marks the beginning of the end for detroit's historic bankruptcy case the motor city and its correct tours have been working to hash on you deals, the biggest one called a grand bargain is a deal meant to protect the city's retirees and its world class art collection, "america tonight's" chris bury looks over the place that his we have visited over the past few months to explain what is at stake now. >> reporter: the rescue of detroit begins here in one of the finest collections. graham beal is the curator. >> it's terrible that we have been put in this situation. so, yeah, it's a deep concern. >> reporter: the plan for detroit's r
. >>> when we return, sealing the deal on the grand bargain, detroit makes the case for its recoveryn. the will the motor city's creditors, or community, on him out ahead? later in he our program, our special coverage on the fight for chicago. we return to the same streets and find the same pain we saw one year ago. kr-pbd end christof o correspondent christof on what has changed over the last year and why the city may still be losing the battle. >>> today marks the beginning...
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Sep 7, 2014
09/14
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the u.s. that are struggling to avoid financial collapse. in detroit testimony was heard during the city's historic bankruptcy trial this week. meantime, city employees are protesting cuts to their retirement. bisi onile-ere reports. >> when questioned by the federal judge, hill who supports the city's debt cutting plan, testifies that he believes it could work but not easy to implement. if you go into this thinking it will be, i believe you will fail. hill is one of 80 witnesses the judge will here in deciding whether the city's exit strategy is feasible and fair. despite a vote in favor of the plan some retirees are still holding out. detroit emergency manager kevin orr wants to cut $12 billion of debt to about $5 billion. those debts come at the expense of thousands of retirees who tend to lose 5% or more of their pension. >> the retirees should never have been included in this. the michigan constitution guarantees our pension. >> there are a lot of things we could have recommended that could improve these services that could improve the cash flow.
the u.s. that are struggling to avoid financial collapse. in detroit testimony was heard during the city's historic bankruptcy trial this week. meantime, city employees are protesting cuts to their retirement. bisi onile-ere reports. >> when questioned by the federal judge, hill who supports the city's debt cutting plan, testifies that he believes it could work but not easy to implement. if you go into this thinking it will be, i believe you will fail. hill is one of 80 witnesses the...
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Sep 22, 2014
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bisi onile-ere is live for us, following the story from detroit. good to see you. this is a tough challenge for the city. can detroit afford to help those in need? >> well, i can tell you that the city has implemented a 10-point plan to help people that can't pay the bills, a system saying hey, if you have 10%, 30%, that you can offer to your bill, we'll take that. the judge heard from a number of residents describing what it is like to live out running water. the group behind the lawsuit, they want the judge to issue a moratorium on the shut offs much there were lawyers with the city saying the water department cannot function without collecting on its bills. >> it was scary and embarrassing. >> reporter: carol was one of the detroit residents telling her story to the city's federal bankruptcy judge. more than $1,000 and a year behind on her water bill, the city cut her service. that was in july. the 68-year-old told al jazeera what little money she has from a fixed income is consumed by health care costs. still, living without running water, her plea to the judge.
bisi onile-ere is live for us, following the story from detroit. good to see you. this is a tough challenge for the city. can detroit afford to help those in need? >> well, i can tell you that the city has implemented a 10-point plan to help people that can't pay the bills, a system saying hey, if you have 10%, 30%, that you can offer to your bill, we'll take that. the judge heard from a number of residents describing what it is like to live out running water. the group behind the...
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the table. and this security innovation is no surprise. after all, detroittown that brought us robo cop, which, with today's budget, looks more like this. >> dead or alive, you're coming with me! drop i it! >> stephen: folks, when i see this jerry-rigged alarm system, it's clear these brave men and women deserve more... chances to make do with less. there's still plenty of fat to be trimmed. for example, right now emergency calls go to a central dispatcher who faxes it to the fire stations. why bother with dispatchers when homeowners can fax the station directly? if there's a fire, just remember the old saying -- stop, drop and roll -- over to your canon l.c. 2050 laser-class fax machine, then load paper in the tray, place your document text-side down into the feeder, dial your local fire station and hit "send." oh! and make sure you add a cover letter with the subject header "fire!" (laughter) (applause) so bravo to detroit's firefighters who solved their lack of an alarm with their can-do spirit -- by saying "let's have a can-do it." (laughter) we'll be ri
the table. and this security innovation is no surprise. after all, detroittown that brought us robo cop, which, with today's budget, looks more like this. >> dead or alive, you're coming with me! drop i it! >> stephen: folks, when i see this jerry-rigged alarm system, it's clear these brave men and women deserve more... chances to make do with less. there's still plenty of fat to be trimmed. for example, right now emergency calls go to a central dispatcher who faxes it to the fire...
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Sep 29, 2014
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i went to detroit to talk to residents and business leaders about the struggle to bring detroit back.surprisingly, well, hopeful about their city's future. take a listen. >> when i came here 13 years ago, i was literally chasing prostitutes off the corner. so, now, you know, we have a spanish restaurant across the street. there's a beautiful row of businesses on willis. there's just a lot of growth that's happening in the midtown area. >> while many people are down on detroit, in the midst of a record bankruptcy reorganization, she's focused on her city's possibilities. >> there have been establish the businesses for, i don't know, maybe 15 to 13 years, like myself. we have seen the change. we have supported each other through this particular change. so we're like family. >> she says it's part of detroit's unique culture. >> detroit is very much city/country/city. >> explain what that means. >> it's kind of like you got a little smidgen of down south culture, where everybody knows everybody and we're all related and we treat each other that way, even though we're not. >> her customers
i went to detroit to talk to residents and business leaders about the struggle to bring detroit back.surprisingly, well, hopeful about their city's future. take a listen. >> when i came here 13 years ago, i was literally chasing prostitutes off the corner. so, now, you know, we have a spanish restaurant across the street. there's a beautiful row of businesses on willis. there's just a lot of growth that's happening in the midtown area. >> while many people are down on detroit, in...
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Sep 3, 2014
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. >>> when we return, sealing the deal on the grand bargain, detroit makes the case for its recoveryn. the will the motor city's creditors, or community, on him out ahead? later in he our program, our special coverage on the fight for chicago. we return to the same streets and find the same pain we saw one year ago. kr-pbd end christof o correspondent christof on what has changed over the last year and why the city may still be losing the battle. >> on tech know, >> what if there was a miracle? >> grace's stem cells are in this box. >> that could save the live of your child... >> we're gonna do whatever we can >> would yo give it a try? >> cell therapy is gonna be the next big advance in medicine >> tech know, every saturday go where science meets humanity. >> this is some of the best driving i've every done, even though i can't see. >> tech know. >> we're here in the vortex. only on al jazeera america. >>> today marks the beginning of the end for detroit's historic bankruptcy case the motor city and its correct tours have been working to hash on you deals, the biggest one called a g
. >>> when we return, sealing the deal on the grand bargain, detroit makes the case for its recoveryn. the will the motor city's creditors, or community, on him out ahead? later in he our program, our special coverage on the fight for chicago. we return to the same streets and find the same pain we saw one year ago. kr-pbd end christof o correspondent christof on what has changed over the last year and why the city may still be losing the battle. >> on tech know, >> what if...
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Sep 4, 2014
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a lot of people blame the unions for what happened to detroit. i don't blame the unions. unions do what unions do. they would gladly strangle the golden goose for the golden egg. the executives they have a one-year, five-year, 10 year, 15 year plan. they note they kept conceding cap conceding to the union that eventually there would be a problem but they kept doing it anyway because they knew they would have to golden parachute and be long gone. >> host: would be somebody else's problem so you blame us much the executives. >> guest: is the same thing i see around the country. we keep letting it be somebody else's problem. >> host: you know you have gotten a spark of enthusiasm of reason. have you been surprised that it's come from conservatives and do you consume you are a conservative when you did this because i get the impression you weren't always a conservative. >> guest: obviously like most young people growing up in a place like detroit when i went off to college i was radical. >> host: where did you go to school? >> guest: i went to yale. >> host: what is a radical
a lot of people blame the unions for what happened to detroit. i don't blame the unions. unions do what unions do. they would gladly strangle the golden goose for the golden egg. the executives they have a one-year, five-year, 10 year, 15 year plan. they note they kept conceding cap conceding to the union that eventually there would be a problem but they kept doing it anyway because they knew they would have to golden parachute and be long gone. >> host: would be somebody else's problem...
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Sep 10, 2014
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detroit wins to tie for the division league. help your fellow detroiters, right? >> that's right, richard. thank you very much. >>> and now take you outside of las vegas. extreme weather scene. roads turned into dangerous rapids, an empty van seconds of disaster. the ma man tries reach it. swallowed up. seconds later, that man resurfaces. unbelievable seen in the desert. here with your wednesday forecast. bill karins, can you imagine going through something like that? >> going down, in a hole like that. no. i can't. that was yesterday. thankfully that's over. overnight a new life-threatens situation in missouri and areas aaron omaha. water rescues last night. this storm system is moving across the country. there's a lot of moisture with it. getting drenched across the midwest and that's sliding into the great lakes and ohio valley today. flash flood watches in effect for much of wisconsin, northern illinois, northern indiana and flood warnings galore in southern iowa and northern missouri just got slammed last night. not a misprint on the kirksville, missouri, rain
detroit wins to tie for the division league. help your fellow detroiters, right? >> that's right, richard. thank you very much. >>> and now take you outside of las vegas. extreme weather scene. roads turned into dangerous rapids, an empty van seconds of disaster. the ma man tries reach it. swallowed up. seconds later, that man resurfaces. unbelievable seen in the desert. here with your wednesday forecast. bill karins, can you imagine going through something like that? >>...
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Sep 27, 2014
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you describe in some detail what has happened in detroit. the contrast chicago and detroit and janesville where you grew up which also went through tough times and continues to go through tough times. you compare them. what happened in detroit? why has it gone through what it's gone through and how does that contrast with janesville or chicago or other places in america that went through tough times but found a way out of? >> it's a complicated story and it's one that the comparisons aren't easy but i think the story in detroit is a cautionary tale for the country. if you go back and look into a fiscal autopsy on detroit and see the failures that have occurred is because of poor leadership and bad government. it's because of taxing and borrowing and passing the buck on to the point where they went bankrupt where they can afford the police force. they couldn't afford the fire department. the kids in the schools are getting the worst in the country. it's a cautionary tale up i would call and philosophy of governing that if we play that out around
you describe in some detail what has happened in detroit. the contrast chicago and detroit and janesville where you grew up which also went through tough times and continues to go through tough times. you compare them. what happened in detroit? why has it gone through what it's gone through and how does that contrast with janesville or chicago or other places in america that went through tough times but found a way out of? >> it's a complicated story and it's one that the comparisons...
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Sep 18, 2014
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what place on the planet needs it more than detroit? ty that went bankrupt, the city that has lost 500,000 of its inhabitants over the past few decades, so it is important to put 10,000 small businesses in the context of what we see here in detroit, and the city has a long way to go, which is why i put the question to warren buffett -- as an investor, is there a more sage and wise investor than warren buffett? i challenge you to find the one. as an investor, how do you look at detroit? what is it now? is it a distressed investment, is it a deep value play, is it something else you go here is what warren buffett had to say. >> detroit is getting to clean the slate, and it is important that they get through the bankruptcy in a relatively prompt order, and it looks like they are doing that to me. they need a fresh slate financially, and they are getting it. is tos really important have vibrant headquarters companies, and now developing a small business -- who knows what comes out of that? we bought three businesses that were started with le
what place on the planet needs it more than detroit? ty that went bankrupt, the city that has lost 500,000 of its inhabitants over the past few decades, so it is important to put 10,000 small businesses in the context of what we see here in detroit, and the city has a long way to go, which is why i put the question to warren buffett -- as an investor, is there a more sage and wise investor than warren buffett? i challenge you to find the one. as an investor, how do you look at detroit? what is...
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586
Sep 6, 2014
09/14
by
WCAU
tv
eye 586
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most of those centered around southeastern michigan in the detroit area. w. we are looking at the cold front to combine with the extreme heat and humidity. it's up around 100 degrees. that is going to trigger these storms. most likely, starting around 4:00, 5:00 in the afternoon and lasting through the night getting to boston in the wee morning hours on sunday. temperatures will drop to the 80s for tomorrow. in red here, from maine all the way back to pennsylvania, that is where we could see the strongest storms today. the biggest threat, besides hail and the dangerous lightning and downpours will be for damaging wind gusts. we'll keep an eye on it later this afternoon. >> thanks. >>> turning to the latest on the search for a small plane that crashed near jamaica. on board the plane, a prominent real estate developer and his wife. at one point, norad reported the pilot was slumped over the controls. they could only watch and wait for the plane to crash. mark is covering that part of the story. good morning. >> reporter: good morning. with the sun coming up
most of those centered around southeastern michigan in the detroit area. w. we are looking at the cold front to combine with the extreme heat and humidity. it's up around 100 degrees. that is going to trigger these storms. most likely, starting around 4:00, 5:00 in the afternoon and lasting through the night getting to boston in the wee morning hours on sunday. temperatures will drop to the 80s for tomorrow. in red here, from maine all the way back to pennsylvania, that is where we could see...
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216
Sep 10, 2014
09/14
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WHYY
tv
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so-called grand bargain that softens pension cuts to retirees and preserves the artwork by the way at the detroit institute of art. they called the proposal unworkable. >>> another tough blow for the garden state, ratings cut new jersey's credit rating another notch, the state's eighth consecutive downgrading in regard to the pension funds. that makes new jersey the second lowest rated state behind illinois. >>> christmas still more than 100 days away. the nation's biggest toy retailers are not playing around. they're already putting out the hot toy list as toy makers gear up for what they hope will be a toy-making season. are toys any match for the electronic gadgets that every kid seems to want. and what are the year's hottest toys? courtney reagan takes a look. >> reporter: kids across the country have hardly sharpened pencils for back-to-school. and while there are still 105 days until christmas retailers are already duking it out for it hit holiday toys. today, walmart unveiled hot holiday toy lists. k-mart is promoting their layaway plan with a tongue in cheek ad. >> just to be clear this i
so-called grand bargain that softens pension cuts to retirees and preserves the artwork by the way at the detroit institute of art. they called the proposal unworkable. >>> another tough blow for the garden state, ratings cut new jersey's credit rating another notch, the state's eighth consecutive downgrading in regard to the pension funds. that makes new jersey the second lowest rated state behind illinois. >>> christmas still more than 100 days away. the nation's biggest toy...
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97
Sep 11, 2014
09/14
by
KTVU
tv
eye 97
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this is on the canadian side of the detroit river. this was shot from inside the boat of two sport fishermen. they are out sport fishing for musky. the guy off in the distance says he is going to kill this fish, a musky. you see the guy throw what looks like a large fish back into the water. >> he was killing them and throwing them in dead? >> that's exactly what these guys claimed he did. this guy says this fellow after he caught the musky clubbed it in the head and threw it back in th wate mashed it in the head and killed it. he said, i'm sorry, laughing and joking with his buddy here. >> it's not funny at all. >> why did you guys kill that fish? what's that? >> if you don't like it, release it. >> the guy is such a jerk. >> this is an illegal activity. you are wasting a fit suitable for human consumption. >> you are clubbing fish because that is not your desired fish? >> this was turned over to the ministry. you see this video and they say the ocoa wishes to advise this video and details are being investigated by conservation office
this is on the canadian side of the detroit river. this was shot from inside the boat of two sport fishermen. they are out sport fishing for musky. the guy off in the distance says he is going to kill this fish, a musky. you see the guy throw what looks like a large fish back into the water. >> he was killing them and throwing them in dead? >> that's exactly what these guys claimed he did. this guy says this fellow after he caught the musky clubbed it in the head and threw it back...
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Sep 2, 2014
09/14
by
ALJAZAM
tv
eye 84
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the city is $18 billion in debt. bisi onile-ere is in detroit. what do we expect from the trial today? >> well, i can tell that you this is a process that is likely to take shtime as both sides will be arguing its case. this past summer, a major hurdle was made in this case. thousands of retirees and detroit city workers, they voted in favor of pension cuts and because of this, this basically opened the door to what is known as the grand bargain. if this deal is approved, nearly $800 million in funding will be made available to the city through the state, federal, our private foundation, as well as the detroit institute of art. what this would do, it would actually save a collection of city-owned art and would prevent further pension cuts, but overall, this $18 billion restructuring plan is expected to improve city services. >> what are the odds makers saying, is this plan likely to make the cut? >> yeah, the federal bankruptcy judge has the overall authority to approve this plan and if he decides against it, well, it would be back to square one f
the city is $18 billion in debt. bisi onile-ere is in detroit. what do we expect from the trial today? >> well, i can tell that you this is a process that is likely to take shtime as both sides will be arguing its case. this past summer, a major hurdle was made in this case. thousands of retirees and detroit city workers, they voted in favor of pension cuts and because of this, this basically opened the door to what is known as the grand bargain. if this deal is approved, nearly $800...
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629
Sep 6, 2014
09/14
by
KNTV
tv
eye 629
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most of those centered right around in southeastern michigan in the detroit area. have fizzled out now, but we're looking for the cold front to move eastward. combined with the extreme heat and humidity, it will feel like it's up around 100 degrees. that will most likely start around 4:00, 5:00 this afternoon thu the evening then in the overnight exiting boston into sunday. then we'll see dramatic improvements. temperatures will drop down into the 80s for tomorrow. from maine back to pennsylvania, that's where we could see our strongest storms today. the biggest threats besides some hail and the lightning and the downpours will be for damaging wind gust. we'll keep an eye on it later this afternoon. >>> turning now to the latest on that search for a small plane that crashed near jamaica. on board the plane, a prominent real estate developer, larry glazer and his wife jane. they were on their way to florida when something went wrong and he lost control. at one point norad scrambled fighter planes. they reported the pilot was slumped over the controls but they could
most of those centered right around in southeastern michigan in the detroit area. have fizzled out now, but we're looking for the cold front to move eastward. combined with the extreme heat and humidity, it will feel like it's up around 100 degrees. that will most likely start around 4:00, 5:00 this afternoon thu the evening then in the overnight exiting boston into sunday. then we'll see dramatic improvements. temperatures will drop down into the 80s for tomorrow. from maine back to...
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Sep 10, 2014
09/14
by
ALJAZAM
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eye 85
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now this is a very big win for the city of detroit. ver, it's important to remember that the bankruptcy judge overseeing this case has the final say whether detroit's entire restructuring plan is fair and feasible. >> the other thing that still has to be tried no matter what is the feasibility, and the judge has to be convinced that the plan is doable by the city and not just a series of empty promises going forward. >> and on tuesday detroit in detroit, the water department is given millions of dollars to invest and upgrade its water system. the bankruptcy trial is expected to resume on monday. >> bisi, bisi onile-ere for us in detroit. >>> the technology in the new apple pay system has been used by hackers for years. will it really be a safer way to pay without having your information stolen? jake ward explains next. >> the national organization for women is calling for nfl commissioner roger goodell to resign. the group said goodell is unwilling to effectively deal with the violence against women. he's criticizing for how he handled
now this is a very big win for the city of detroit. ver, it's important to remember that the bankruptcy judge overseeing this case has the final say whether detroit's entire restructuring plan is fair and feasible. >> the other thing that still has to be tried no matter what is the feasibility, and the judge has to be convinced that the plan is doable by the city and not just a series of empty promises going forward. >> and on tuesday detroit in detroit, the water department is...
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39
Sep 13, 2014
09/14
by
CSPAN2
tv
eye 39
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but i think the story of detroit is a cautionary tale for the country. because if you go back and look and do a physical autopsy on detroit and see the failures that have occurred, it's because of poor leadership and bad government, it's because of taxing and borrowing and spending and passing the buck on to the point where they actually went bankrupt, where they couldn't afford the police force, they couldn't afford the fire department can. where the kids and the schools are getting the worst scores in the country. so it's a cautionary tale of what i would call a philosophy of governing that if we lay that out throughout our country or in our federal government, we'll have a similar ending. and the other side of the detroit story is the comeback that we hope is coming and the seeds that have been planting of the cornerstone school of what dan gilbert is doing there, what pulte homes are doing, what citizens and civil soaz are taking matters into their own hands to regenerate their community. it's a tale of what america could become if we go the right dir
but i think the story of detroit is a cautionary tale for the country. because if you go back and look and do a physical autopsy on detroit and see the failures that have occurred, it's because of poor leadership and bad government, it's because of taxing and borrowing and spending and passing the buck on to the point where they actually went bankrupt, where they couldn't afford the police force, they couldn't afford the fire department can. where the kids and the schools are getting the worst...
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91
Sep 3, 2014
09/14
by
ALJAZAM
tv
eye 91
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the city has a cash flow problem. >> detroit emergency manager kevin orr's plan would slash what the city will pay other creditors, a major bond insurer stands to loose hundreds of millions of dollars. >> they may be taking an approach that we have nothing to lose so we're going to fight to the end and not agree to anything short of what we want. >> the judge is expected to hear from about 80 witnesses with a stream of evidence that could take more than a month to present. his job will be to make sure the plan is legal and fair, and if he doesn't approve, it will be back to the drawing board for all parties. at this point, detroit is on the fast track through this bankruptcy process. other cities in similar situations usually don't get to this .2, three years out. i am told that detroit's financial officer could be the first person to take the stand. back to you. >> bisi onile-ere live in detroit. thank you very much. >> widespread wind damage could do more harm today. >> let's they can to find out who's going to be affected. >> these pictures out of georgia show wind damage. these a
the city has a cash flow problem. >> detroit emergency manager kevin orr's plan would slash what the city will pay other creditors, a major bond insurer stands to loose hundreds of millions of dollars. >> they may be taking an approach that we have nothing to lose so we're going to fight to the end and not agree to anything short of what we want. >> the judge is expected to hear from about 80 witnesses with a stream of evidence that could take more than a month to present. his...
109
109
Sep 15, 2014
09/14
by
KTVU
tv
eye 109
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before game time yesterday, they were benching them and there was no decision on why he played over the detroit harden. he plans to a people -- appeal his convection. and he decide whether to take, his jersey was seen on fans in the stadium and pettersen was arrested and jailed over the weekend for injuring his last son vikings have not ruled out training him. >> and last night they over shadowed many of the games and that showed -- showdown, they blew it losing to the chicago bears. collin kaepernick had one of his first career games and they are now 1 and 1. >>> it was a miserable home owner, they had an angry sellout crowd in the third care crutch quarter. >>> they hoped to rescue 6 people after their boat started to go down in the estuary. the incident happened at 4:00 yesterday but according to the defendant guard, the men -- coast guard the men reduced to take a sobriety test -- observe buyty -- observe buyty test. >>> and they had 125-mile-per- hour winds and heavy rain. a and today ports and beaches are closed and schools are closed in the area. >>> an 11-year-old was killed after the s
before game time yesterday, they were benching them and there was no decision on why he played over the detroit harden. he plans to a people -- appeal his convection. and he decide whether to take, his jersey was seen on fans in the stadium and pettersen was arrested and jailed over the weekend for injuring his last son vikings have not ruled out training him. >> and last night they over shadowed many of the games and that showed -- showdown, they blew it losing to the chicago bears....
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87
Sep 9, 2014
09/14
by
WJLA
tv
eye 87
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. >> the detroit lions beat the giants 35-14. the orioles beat the red sox 4-0.e ncaa dropped penn state's bowl ban. there you have it. >> you are not supposed to have that much sports going on. >> busy day. >> germany is a few days away from celebrating oktoberfest. >> a new world record in honor of october in munich, germany, breaking the world record for s carried by one person. he carried 47 mugs of beer. he only had one competitor. 27 mugs, 131 feet. weighs aboutin five pounds. saw that, i time i thought there was a tray, but there's not. my gosh. >> that's the dude that you want to party with. hey pal? you ready? can you pick me up at 6:30? ah... (boy) i'm here! i'm here! (cop) too late. i was gone for five minutes! ugh! move it. you're killing me. you know what, dad? i'm good. (dad) it may be quite a while before he's ready, but our subaru legacy will be waiting for him. (vo) the longest-lasting midsize sedan in its class. introducing the all-new subaru legacy. it's not just a sedan. it's a subaru. >> clouds tomorrow, showers. we heat up thursday, cool dow
. >> the detroit lions beat the giants 35-14. the orioles beat the red sox 4-0.e ncaa dropped penn state's bowl ban. there you have it. >> you are not supposed to have that much sports going on. >> busy day. >> germany is a few days away from celebrating oktoberfest. >> a new world record in honor of october in munich, germany, breaking the world record for s carried by one person. he carried 47 mugs of beer. he only had one competitor. 27 mugs, 131 feet. weighs...
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he's a three time champion at the chevrolet detroit grand prix. throughout his entire career, he's raced on some of the best tracks around the world. this past week he traveled up and down woodward avenue for the first time. and i got to ride shotgun. >> we have driven before. you have taken me around. i shouldn't say we. i sat petrified in the car before. we let the top down. it's a little different. >> now we're going to go on woodward. >> our ride, a 2014 stingray corvette. >> this has 450 horsepower, my friend. >> unbelievable. >> how are we going to do this on woodward street? is that going to work out? >> i'll introduce you and show you. let's get in this. >> all right. he has raced on virtually every track in america. and around the world. but meeting one of the most tradition rich roads for the first time during this exciting time it was an eye opening experience. this is woodward, my friend. >> amazing. for me having the opportunity to be driving close to the cars and those classic cars look amazing today. probably better than when they us
he's a three time champion at the chevrolet detroit grand prix. throughout his entire career, he's raced on some of the best tracks around the world. this past week he traveled up and down woodward avenue for the first time. and i got to ride shotgun. >> we have driven before. you have taken me around. i shouldn't say we. i sat petrified in the car before. we let the top down. it's a little different. >> now we're going to go on woodward. >> our ride, a 2014 stingray corvette....
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182
Sep 25, 2014
09/14
by
KYW
tv
eye 182
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. >>> and the detroit tigers are going back to the postseason for the fourth consecutive year.y young winner justin verlander looks dom and in against chicago, allowing just one win in eight innings. the tigers win, 6-1 to secure a wild-card spot in the american league. >>> american pitcher phil hughes needs to record one more out to earn an additional $500,000 this season but it looks like that won't happen. hughes pitched eight strong innings against arizona yet but the game was delayed by rain by more than an hour. he returned with 209 2/3 innings this year. the $500,000 bonus would have kicked in if he pitched 210 innings. >>>. going up on the "cbs this morning" gayle sits down with eli manage. i'm anne-marie green. this is the "cbs morning news." ahhh! what is it? there are no marshmallows in this box of lucky charms! huh... weird... seriously? what? they're magically delicious sir, we're loaded and getting ready to go... ...we're going to need you on the runway. (vo) don't let a severe cold hold you back. sir? (vo) theraflu starts to get to work in your body in just 5 min
. >>> and the detroit tigers are going back to the postseason for the fourth consecutive year.y young winner justin verlander looks dom and in against chicago, allowing just one win in eight innings. the tigers win, 6-1 to secure a wild-card spot in the american league. >>> american pitcher phil hughes needs to record one more out to earn an additional $500,000 this season but it looks like that won't happen. hughes pitched eight strong innings against arizona yet but the game...
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39
Sep 9, 2014
09/14
by
ALJAZAM
tv
eye 39
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the detroit water industry will undergo a major overall. mayor announced the deal, the agency will be remained the great lakes watered authority. provides water for about how% of michigan's population. the suburbs will pay detroit $50 million a year, for the next four decades to rebuild the water and sewer system. in wisconsin there's a new playground that is not for kids. this playground is for adults only, and it's more like a gym than anything else. complete with a pull up station, and other exercise equipment. the goal is to give people an incentive to stay active. this is a way to give people another opportunity to be active that's a little bit different, we are out here oin the environment, we are on a beautiful past, so this is a way that people can add a couple more of those physical activities without making it feel like a chore. >> a grant helped pay for the playground, which is free to use, so people really have no excuse. in my hometown, they have some equipment like that, but it isn't as sophisticated. and a lot of people take a
the detroit water industry will undergo a major overall. mayor announced the deal, the agency will be remained the great lakes watered authority. provides water for about how% of michigan's population. the suburbs will pay detroit $50 million a year, for the next four decades to rebuild the water and sewer system. in wisconsin there's a new playground that is not for kids. this playground is for adults only, and it's more like a gym than anything else. complete with a pull up station, and other...