Transcripts for CNN Inside Man 20130812 08:22:15 archive.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from archive.org Daily Mail and Mail on Sunday newspapers.
former home of the detroit lions. completed in 1975 at a cost of $55.7 million, roughly $238 million today, pontiac sold it in 2009 for $583,000. about 1% of what it cost to build. they netted just about enough cash from the deal to buy a nice three bedroom in phoenix. there is harrisburg, pennsylvania. they racked up a $310 million debt by failing to fix a broken trash incinerator. so steven reed, the mayor at the time, did what any responsible mayor would do. he used the money that could have gone to fix the incinerator to travel the country and collect $8 million worth of artifacts for a proposed wild west museum. located in harrisburg, pennsylvania. stockton didn t go the wild west route. they did something even more desperate. faced with huge deficits, they made drastic cuts to municipal services, including the department of public works, the fire department, and a full 25% of their police force. there have been a lot of people who said part of the reason this problem came about
stockton is not the first city to face financial doom. all across the country, cities, counties, and even states have had to come up with some pretty desperate measures to avoid or try to avoid sliding into bankruptcy. in utah, a state senator suggested abolishing the 12th grade the save a little cash. go, utah! texas governor rick perry proposed a brands new tax on strip clubs to balance the lone star state s state budget. and the city of pontiac, michigan, sold the silverdome, former home of the detroit lions. completed in 1975 at a cost of $55.7 million, roughly $238 million today, pontiac sold it in 2009 for $583,000. about 1% of what it cost to build. they netted just about enough cash from the deal to buy a nice three bedroom in phoenix.
poach you from the company that you re at right now. and it basically gives the company that s looking for people, it gives them more options. in fact, 238 million options. that s the number of people who are on linkedin. but then, of course, you have the flip side of this. for the 11.5 million people who are unemployed, it means there is more competition out there because those people may not have applied if they weren t approached. so, you look at how this breaks down. where companies go to to find candidates. a, they go to linkedin first. second, they go to facebook and third they go to twitter. that s a lesson for many people on facebook. take the pictures off. linkedin is taking this to the bank. their stock almost tripled since its 2011 ipo. did you say take the naked pictures off facebook. you can t get a job with a naked picture on your facebook page. i appreciate it, alison
could have lasted longer if bain had not pulled the plug on them? look, sometimes when companies are in trouble, they require corrective measures. let s take an example lining gener like general motors when the obama administration was running general motors, they shut down plants they closed dealerships. they laid off employees. they had to change benefits forever workers to make them less costly. that s the nature of free enterprise. today, general motors is a profitable company because of the steps that were taken to bring their costs in alignment with their revenues. but look, you know, every job loss is devastating. we will have 238 million americans who are out of work or underemployed. that s why the mitt romney is running for president. he has a strong pro growth agenda to turn this economy