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Took its capitol of detroit with it. Today the city is shrinking and broke. To solve its financial crisis detroit will have to cut city workers pensions. Illinois just pass emergency legislation to tackle 100 billion shortfall in its pension obligations. Thats huge money and people will pay the price. On this edition of inside story well look at the tradeoffs and solutions when Balance Sheets teeter to the brink of disaster, and we start in detroit. Let me just say that the judge has spoken, and i do think its a tough day for all of us here in detroit [ music ] once the nations fourth largest city, the heart of the Auto Industry and the soul of American Music todays detroit is a portrait of urban decay and facing a water shed moment. It is the largest municipality in u. S. History to file for bankruptcy. A federal judge r ....
Panicalmness. Al jazeera will not play those recordings. Around 29,000 people signed up for Health Insurance on sunday and monday. A figure that surpasses the total for the whole month of october. And president obama said the income ga gap between rich and r americans is widening, and jeopardizing the middle class. Noticinside story is next. Detroit prepares to navigate the road ahead in bankruptcy. But its hardly alone in its efforts to solve the burden of runaway debt. Im ray suarez. Bankruptcy lessons learn and the real impact on peoples lives. Thats the inside story. In the 1950s, a gm ceo famously said what is good for our country is good for general motors, and vice versa. As the Auto Industry sank it took its capitol of detroit with it. Today the city is shrinking and broke. To solve its financial crisis detroit will have to cut city workers pensions. Illinois just pa ....
Report on puerto ricos debt troubles. Profit misshas gms and challenges facing the new ceo. Lets begin with peter cook in the latest setback for Immigration Reform. House speaker jon weiner delivered the news, putting another nail in the coffin of Immigration Reform. He said distrust among his members over the president s willingness to enforce the nations immigration laws is making it difficult for him to move forward on an overhaul. He did not say it was dead entirely, but he made it clear it is on hold for now. The need made it clear for congress and administration to Work Together on the issue of Immigration Reform. It needs to get done. I will talk to my members on how to move forward, but the president will have to do his part as well. Similaromment ....
The latest on ukraine. Michael mckee previews president obamas move to expand overtime pay. We begin with peter cook on capitol hill. And stanley fischers confirmation hearing. Good afternoon. Did he receive a warm welcome he did. Ho there is no doubt that he will be confirmed. By the full senate. Senators today particularly impressed with his resume. They have been since the president first nominated him. He is a legend in the economic circle. As centralears governor for the bank of israel and pressing senators appear on capitol hill. It is his resume that grew the most intense questions today. His time at citigroup. He spent three years with the bank on wall street and he was questioned about that by Elizabeth Warren. Of wallo big fan street. He defended his time at citigroup saying it made him a better central banker and regulator. Without that experience, i not have seen the inside of the bank. I thought that experience was ....
My customers can shop around; see who does good work and compare costs. It can also work that way with healthcare. With united healthcare, i get information on quality ratings of doctors, Treatment Options and estimates for how much ill pay. That helps me and my guys make informed decisions. I dont like guesses with my business and definitely not with our health. Thats health in numbers. United healthcare. Bnsf railway. And with the ongoing support of these institutions and foundations. And. This program was made possible by the corporation for public broadcasting. And by contributions to your pbs station from viewers like you. Thank you. Woodruff the u. S. Economy turned in surprisingly strong jobs numbers for october. The Labor Department reported today that employers added 204,000 positions despite the partial G ....