Page 276 - Restructuring News Today

>> but is there a concern this thing has gone so south, that really pulling it around, not only for the goodness of the country and the sake of this country and raising unemployment, but just to get himself re-elected? it may be -- youre reaching too late. >> well, i think the economic problems of the country are hugely worrying to everybody no matter -- whether you care about politics or not. whether you care about the fate of any individual politician or not. the situation with the economy and...

Agreement with the federal government, they needed to cough up $5 million and put it in a fund. they couldnt do it. >> greta: that was december of 10? >> december of 2010. >> greta: we knew they couldnt come up with the $5 million? >> we didnt know it. we knew broadly they were in financial trouble. now were getting into the we found out today we needed to come up with $5 million, and department of energy confirms they were told this, and they agreed to renegotiate the contract, and they scrambl...

Energy clearly would have been concerned. they agreed to change the terms of the loan. they loose needed to bring in the only way was to go to the people that already invested in the company and ask them to put up $75 million in additional money, people like argonaut investment fund, tied back to george kaiser and his foundation, and money in drone family that runs wal-mart. >> greta: if we put them into default that time, not allowed simply we wouldnt be on the hook for $500 million? how much w...

>> well, the department of energy clearly would have been concerned. they agreed to change the terms of the loan. they loose needed to bring in the only way was to go to the people that already invested in the company and ask them to put up $75 million in additional money, people like argonaut investment fund, tied back to george kaiser and his foundation, and money in drone family that runs wal-mart. >> greta: if we put them into default that time, not allowed simply we wouldnt be on the hook f...

the debris, but the odds of it actually hitting you, we took this a step further. thats one in several trillion, trillion with a t. chad myers, so the news today, we are now in the strike zone. is that for now or for good? >> that will be for good, until it falls out of the sky and well know. we were doing this little tweet thing back and forth a little bit ago about how the earth is not round. the earth is not round. its fatter at the equator. so this thing will be closer to the atmos...

full face veil in france says she actually wanted the punishment. she was one of two women fined under the countrys so-called burqa ban on thursday. shell take her case to the european court of human rights. im monita rajpal. "world business today" starts right now. good morning from cnn london. im nina dos santos. >> good afternoon from cnn hong kong. im manisha tank. these are the top stories on friday, september 23rd. investors in europe take a breather after a tumultuous few days...

A letter from the republican leaders of the house and senate to the federal refuse serve board instructing them not to take any action to lower interest rates in the next two days? that is as one former commissioner said, outrageous, and indefensible. >> do you believe that that is -- do you believe that is an attempt by the republicans to manipulate the federal reserve in some way? >> why else would -- come on, why else would they send the letter? they are trying to put political pressure on th...

Not a serious attempt to reach across the aisle to find a compromise and a serious plan regarding our deficit. megyn? megyn: mike emanuel, thank you. well, the obama administration is now tossing a lifeline to the struggling u.s. postal service. among the biggest changes for consumers, say good-bye to saturday mail delivery, folks. the agency says weekend mail traffic is just too light to support the service. other big changes include a massive restructuring of the retirement fund aimed at savin...

Months to get here, it took us longer than a decade to get here. this is a disease thats been infecting our economy for 30 years. its going to take us a long time to turn things around and to restructure. but our leaders in washington have to have the guts to take that message to the people of america and say we have to undergo fundamental restructuring, we have to have a tax code that doesnt encourage exotic instruments on wall street but instead promotes and encourages manufacturing plants in ...

now "my take." the european crisis you have been reading about in the newspapers is worth watching very carefully. it has now morphed into something much bigger than a european crisis. it could batter the entire global economy, which is pretty fragile anyway. you read a lot about greece. the real problem is italy. you see, greece is a nano state and makes up about 2% of the european unions gross domestic problem. italy, on the other hand, is one of the seven or eight largest economies ...