Page 246 - Restructuring News Today

Which means taxpayer dollars will be taken. this is $25 billion to $30 billion. with a few swipes of the pen, this could become a more expensive proposal for the taxpayers. >> is this yet another example of the fact that the lawmakers, i dont know, republicans too, i guess, did they read this? i dont remember -- >> republicans didnt vote for this. >> i know they didnt, but i dont remember a huge outcry. im not laying blame on this, but this is a big deal. theres been a lot of discussion about an...

Bond rating from all three major rating agencies. >> there will be no deficit in this years budget nor a way to project into a deficit for next year? >> no, we balance the budget every year an every year there are forecasts and those forecasts depend on what sort of rate of growth you put into the economy. look, the best way for every state to reduce its deficit is for our national economy to grow at a faster pace. so every year we cut spending. every year we reduce and shrink the size of that s...

Everyone to see? >> i think there were several reasons that he -- number one, he chose to stay. i remember this -- he served president bush right after secretary rumsfeld. there was a great deal of concern about how the restructuring of the military would be as a patriot, im confident that without having this discussion with him, that he stayed to try to continue to work with the military to see that we had the strongest, the best focused and the best equipped military for the first century to m...

Closed with a loss. and here in the u.s. late yesterday, macys caught wall street by surprise. the second largest department store operator forecasting better profits, but at the same time, said it would cut 2,500 jobs in a restructuring. that news sent the stock up 5% in premarket trading, so macys likely to be a mover this morning. >> tough job news for macys, but not for america, not for the country here. >> no, youre seeing again and again little pieces of evidence the job market is improvin...

A lot of very positive changes here. >> and as you alluded to generally, it doesnt start until jan 1 so we dont know the positive stories yet. youve been vocal about a couple of other things because of your intelligence committee work. i want to quickly take a little bit of a turn into the nsa for a second here. weve had different court rulings. obviously you want the info to be staying with the phone companies and they have pushed back a little bit on that. what i want to know from you, because...

>> stockton became the largest city in the country to start bankruptcy proceedings. >> the largest american city ever to file for bankruptcy. >> municipal bankruptcy, or chapter 9, can be broken down into three parts, the good, the bad, and the ugly. first the good. bankruptcy allows a city to restructure their debt while ensuring the most basic city services can continue. it lets the city renegotiate union contracts, pensions, and benefits, a huge relief to any city struggling under the weight ...

And pastors over churches. the early christian communities in fact were egalitarian. >> but the hierarchy did begin to emerge, taking on the form of the society around this young church and building on the vocabulary of the new testament itself. >> words like episcapous which means pastor or shepherd, which comes to mean bishop. words that mean an elder but comes to mean an overseer or a serve not that comes to mean deacon. all of these things are inherent already in the new testament. we see, t...

And a little really modest entitlement reform. paul ryan, the republican who did the negotiating, said look, this is the best we could do because there are a lot of people on the other side of the aisle who wanted washington to shut down again. >> i think there are a lot of people who would like the drinks of government shutdown for one reason or another. i think they would like to get off obamacare. were going to keep speak truth to power. were going to keep shining the light on these problems ...

Amounts of money, $15 billion, so that they go through that process. so that they start that discussion. so that they come back to us months later with a detailed restructuring plan. engli i think the average american would say, what, isnt that putting the cart before the horse? isnt that -- to use a common phrase, just ass-backwards? >> theres no question if you just write a check, youre going to see these companies go out oh of business, ultimately. >> so they were all wrong. but lets go back ...

There is one thing that corporations like less than taxes and regulations and that is bad publicity. and that is the trayvon martin fallout, in the core of the stand your ground laws, 26 states have them still, partly due to alecs influence. when alec got caught in that, that in turn caused a problem. >> this is a key part in how theyre intending to win corporations back, do you think the sort of restructuring theyre describing could allow them to be anonymous. >> it is partly the anonymity. now...