Page 283 - Restructuring News Today

Out there and in terms of his leadership and the performance of the administration. >> obviously the white house feels very good right now. they seem to be relishing this fight. they -- it is sort of like a tar baby situation where theyre on the fact that the republicans are now voting on medicare cuts and more than cuts. it is a complete restructuring of medicare. >> for the last year, the political debate has been about the president and about the presidents performance. and now democrats can ...

Starting point, we nearly had a government shutdown on friday. this would seem to suggest the economy, which was the central plank of that argument is in a ripe old mess, isnt it? >> well, yeah. the governments budget is in a mess, and the economy is sputtering at best to be charitable about it. so its clear that weve had a government that has spent too much for too long and management and labor have run up costs beyond what revenues can support. and now theres going to be a restructuring. its g...

Starting point, we nearly had a government shutdown on friday. this would seem to suggest the economy, which was the central plank of that argument is in a right old mess, isnt it? >> well, yeah. the governments budget is in a mess, and the economy is sputtering at best to be charitable about it. so its clear that weve had a government that has spent too much for too long and management and labor have run up costs beyond what revenues can support. and now theres going to be a restructuring. its ...

Tim pawlenty, the former minnesota governor, fiscal conservative, and presidential candidate. welcome to the show. >> thank you, piers. >> i suppose therell be a starting point, we nearly had a government shutdown on friday. this would seem to suggest the economy, which was the central plank of that argument is in a right old mess, isnt it? >> well, yeah. the governments budget is in a mess, and the economy is sputtering at best to be charitable about it. so its clear that weve had a government ...

Mistake in the way you tackled financial regulation before the banking system collapsed. what would you have changed? >> i said everybody made a big mistake. i said the whole problem was we looked at individual institutions and staid, are they credit worthy, safe? it looked adds if that were the case. we had a shadow banking system that wasnt being regulated at all. we know were in a global economy and if you have national regulators and supervisors trying to manage a global entity of institutio...

Have an effect on japans aa sovereign rating. certainly theres a lot of fears because japan has such a high national depth to pay for the restructuring. that will push that national debt even higher. finally on the yen, it did gain in value sharply against the u.s. dollar in the direct aftermath but it has come back down help birthday i that liquidity injection. charles. well, lets have a look at the longer-term prospects for japan and how long it might take the worlds third largest economy as...

Look at the stock markets here in europe, been trade for almost two hours. the selling does continue, not perhaps as vicious as it was an hour or so ago. but off by .6% for the ftse, the cac and the dax and the zurich smi off by .37%. moodys rating agency has downgraded spain from aa-1 to aa-2 saying it doesnt think the government -- the restructuring of the banking structure will cost us perhaps what the government assumes. it thinks it will cost more. and also, its not sure that the government...

Jumps 11%, easing back from 9% higher. still not bad. still looking at whats going on here in europe, the markets are nearly 92 minutes into their trading day. the selling does seem to be continuing, although perhaps not as vehemently as a half hour ago. off about two-thirds or .75% for the ftse, the paris cac, the zurich smi and xetra dax. and moodys has downgraded spain from aa-1 to aa-2. for two reasons, it says first, the cost of restructuring the spanish banking sector is going to be greate...

Would not meet their goals under nclb by next year. this is why we have to fix the law now. >> nowhere is that failure more evident than in detroit, where state education officials have ordered the immediate closing of half of the citys schools to help eliminate the districts $327 million deficit by 2014. im joined by chastity dawesey, reporter for the "detroit free press." the financial restructuring plan in detroit would increase class size, as i understand it, to 60 students. it includes the ...

The entering suburbs are also losing students. some of those districts are starting to be affected. everyone is saying i dont want my kids in a classroom that big. i want a different way. again, theres one or two years at the most theres going to have to be some kind of restructuring, financial, not only for dps but for all of the school districts in the state har also headed towards some kind of deficit. when you have 40 school districts, detroit public schools is the harbinger for other school...