Page 236 - Restructuring News Today

Doesnt pose a huge threat to surrounding communities so no one was evacuated from the area. last month, evacuation protocols took place because of the recurrent activity that led to a fear of a major eruption. i would be careful if i lived by that volcano. puerto rico officially in default after failing to make a payment on its massive debt. the u.s. territory missed full payment of its bonds for the first time in history. on monday it paid $628,000 on what is supposed to be a $58 million paym...

Stock market at a rough reopening after a five-week shutdown. the dow is down but not that much, right, courtney? >> yeah exactly, jose and it really doesnt have much to do with whats going on in greece. the athens stock exchange did open for the first time in five weeks, that country, of course going through some major economic restructuring of the its really not pretty whats happening there today. stocks initially opening about 23% in greece though they did recover some of those losses current...

Pension liabilities. lets walk you through puerto ricos debt crisis. u.s. territory owes about $73 billion billion, which its governor said back in june it cannot pay. but it has been able to borrow easily and its bonds have what is called triple tax exemption, meaning they are exempt from local, state and federal taxes everywhere in the united states. as a result more than 20% of u.s. bond funds are believed to hold puerto rican debt meaning the default could have an effect on u.s. investors. t...

>> scott walker becomes the 15th gop candidate to enter the race. now he is outlining it from tax cuts to improving education and isis. also for smaller government giving power back to the state. >> the federal government out of washington send it back to the states. >> you are almost talking about a major restructuring of government. >> big time reform. i think america needs to understand it is a lot easier to talk to a town board member or state lawmaker. >> walkers first official campaign sto...

More efficient more account toobl the american people. i believe been at the state and local level. i can attest to that. >> youre almost talking about a major restructuring of government. >> big time reform. thats what our founders intended. its more visionary going forward. i think americans understand its easier to talk to your town board member or state lawmakers than it is to not just someone in congress or someone in the federal bureaucracy. you do that, it starts with the defense our coun...

More efficient more account toobl the american people. i believe been at the state and local level. i can attest to that. >> youre almost talking about a major restructuring of government. >> big time reform. thats what our founders intended. its more visionary going forward. i think americans understand its easier to talk to your town board member or state lawmakers than it is to not just someone in congress or someone in the federal bureaucracy. you do that, it starts with the defense our coun...

Unemployment is 26% and 51% for people under the age of 25. now greece is asking for a new bailout and restructuring of its debt. it costs another 70 billion euro. its proposal includes several austerity measures including tax increases and cut to pensions. the greek people just voted against a referendum a week ago today. now, to begin the 11th hour negotiations to save greece from entire financial collapse the finance ministers have been huddled in brussels trying to work out a deal based on g...

Austerity? >> i think what remains to be seen is what the final terms of this bailout will be assuming were likely to have one. that is because whether there is a restructuring of the debt it is not just a question of how much will greece how v to do but how will they be able to do it. of course youre absolutely right. he has a number of the members of his own party coming against him now and saying this is not what you promised. this is not what were supporting. so what were likely to see once ...

One important point here. we know that the greeks have re repressed restructuring. if europe can give greece debt restructuring, perhaps tsipras can bring this to his people. he has to first bring it to parliament and voting on this. also the opposition. after that, john he has european parliament and national parliaments have to vote. will germany oppose this deal? we are not out of the woods yet. >> and after all this greek has to get going in the right direct economically. that could be next ...

A tremendous and huge way. specifically by the u.s. but at the same time germany took a hard hard hard way to go into reforms as well, to stabilize itself, not to betray on people and its neighbors and others and not to join a club just for the sake of cherry picking at the end of the day. asking for money, but not delivering at the same time is something different than right now to say, we have to restructure. yes, we do have to do that. we have to come to a conclusion that we need some kind of...