2013 until december 10, 2014, you served as emergency manager of detroit. Kevyn yes. Brian why did you take the job . Kevyn i have been asked that a lot of times. I was a restructuring professional. Detroit is 82 africanamerican, a city that had gone through several decades of decline. It was a city that needed restructuring. I initially was a little reluctant to take the job. I thought it would be difficult and i was comfortable in my corporate attorney life, my family and i. My managing partner steve and my wife said, look, this could be a call to action. It is important. It is outside your comfort zone, but we have people making the ultimate sacrifice on behalf of their country. This is temporary. And you will still be in an Airconditioned Office in the summer and heated in the winter. Sometimes you have to give back. After some reflection, it seemed like the right thing to do. Brian you are based in washington and a graduate of michigan law school. Did that have anything to do with
And i was comfortable in my corporate attorney life, my family and i. My managing partner steve and my wife said, look, this could be a call to action. It is important. It is outside your comfort zone, but we have people making the ultimate sacrifice on behalf of their country. This is temporary. And you will still be in an Airconditioned Office in the summer and heated in the winter. Sometimes you have to give back. After some reflection, it seemed like the right thing to do. Brian you are based in washington and a graduate of michigan law school. Did that have anything to do with why they asked you . Kevyn i think it did. I was an undergraduate at the law school at university of michigan. From 1976 to 1983, i lived in michigan. The 1980s were pretty good years. The class of 1982 was rick snyder. 1983 was me. Mike duggan, we all came up in that era. Having a connection to the city and understanding what it was in its heyday, as well as having participated in other cases, the chrysler
Amazons Ceo Jeff Bezos dismisses a New York Times article outlining poor working conditions, saying claim did not represent the company he leads. On our radar, at t helps spy for internet traffic for years. Youll get that full story in a couple of minutes. And the fourth is the disney ceo confirming the Star Wars Franchise is getting its own theme land in the largest expansion ever at disney parks. And you are watching Worldwide Exchange on this monday morning. Were indicating a slightly higher open with the dow up 2. 6 points. Nasdaq up about 8 and the s p 500 seeing a marginal gain. Some of the best performing sectors last week, interestingly enough, are the worst performing sectors yeartodate. Kweer talking about materials and industrials gaining about 1 . A lot of focus will be on the economic data. We get a report on employment and manufacturing data will be a part of the story. In the meantime, we see the global 300 index basically flat on the day. A lot of investors reacting to
Them simpler for people like my father, he built trucks in a line, they know what they make and keep more in the pocket. They can file their taxes on a three fiveby seven card. We get back to that, that is a simple and more fair tax plan. Host when it comes to tax rates , they come into the conversation, what are republicans proposing on capitol hill and what would the president like to see and where is the middle . Guest i do not know if there is a difference, the house, senate, leaders in the house and senate and white house have been meeting for quite some time. Intensively since march. The plan will be announced tomorrow and the president will speak on it. Jointly, the house, senate, president have come to a consensus and the committee has to build the details but we will have broader strokes on tax reform tomorrow. Host what rates would you like to see . Guest i do not like to pick them out of a hat and say these are the ones. You have to ideally reduce rates for people who go to
Negotiations. Mark he pushed back at the suggestion that he should release cash now. Make thee will not demonstration point. The syrian foreign minister today accused the coalition of wreaking discretion distraction while sparing the islamic state. Washington aims to destroy syrias economy and drag the were out. He said he would like to focus on a political settlement in syria. Rick snyder is standing by his the when in congress he learned of a fatal out rick despite a new disclosure by a senior aide who says weeks earlier the when he learned of a fatal out nearls before them including 12 deaths when the city was using the flint river water in 2014 and 2015. A spokesman said the governor was under oath and stands by what he says. I am Mark Crumpton. This is bloomberg. I am julie shapley. I am joe weisenthal. A touch softer. Joe the question is, what did you miss . Quite the claims it will be a huge tax windfall. New normal of weak inflation. Policymakers expressing concern, leading to