Page 73 - State Control News Today

Management even works, quoting congressman john conyers, it is difficult to identify a single instance where an emergency manager succeeded in turning around the financial fortunes of a city or jurisdiction. and yes, if you consider all of the times michigan has taken away local democracy, supposedly to fix a broken place, if you look at the way theyve done it going way back, only the one town on this map, marked with a red star, only that one cute little tourist town has actually recovered, has...

He hit all five numbers and the power ball. he says he hasnt decided how to spend the cash but he says he could use a car. asked what kind of car he has now, he says my feet. shep. >> shepard: julie banderas in new york tonight. thanks. detroit could use some lotto money. the largest city in the country operating under state control. its started starting the hard work of getting its financial house in order. the big three automakers are chipping in. general motors, ford, chrysler have joined oth...

Into whether emergency management even works, quoting congressman john conyers, it is difficult to identify a single instance where an emergency manager succeeded in turning around the financial fortunes of a city or jurisdiction. and yes, if you consider all of the times michigan has taken away local democracy, supposedly to fix a broken place, if you look at the way theyve done it going way back, only the one town on this map, marked with a red star, only that one cute little tourist town has ...

Countdown to the closing bell on fox network. californias 13th largest city officially heading to bankruptcy court today. a city in detroit trying to avoid the same thing, the largest city ever to be put under state control. if i live in a small town say in mississippi, i live in a farming community out in midwest or here in the big city of new york city, why do i care, how does it effect me, liz? >> it is interesting if you are part of a municipality that is in debt. when it comes to the clip t...

Same thing with detroit. heather: lets talk about that. their long-term debt of more than 14 bill, $327 billion deficit. they dont want to get to where stock toeupbs righ stockton is right now so they are under this emergency pherg, state control. a lot of people have scheduled a protest today, are being called for to protest this move. what exactly wha will he be responsible for? >> slicing and dicing. cutting salaries of city employees. detroit already has a high crime rate. you dont want what...

Correspondent, pete williams. thank you, pete. >> you bet. thomas roberts returns with a big lineup tomorrow as they hear the prop 8 arguments. jimmy lasalvia, and former new jersey governor kristy todd whitman who signed an a.m. cuss brief supporting same sex marriage, robinson, and ayanbade jo. dont miss that. cyprus getting a bailout. their plan to avoid financial collapse were laid out earlier today. the island nation received 13 billion from the european union and in return will shrink ...

Is destroying our ability for these children to have the opportunity to succeed. >> there you go, the move about camden, the governor to appoint a new superintendent and leadership team to run the nose diving education system. to give you an idea how bad things are, look at the stats. 23 of camdens 75 schools now ranked among the worst, a 56% graduation rate, with only 38% graduating able to pass state testing. joining us to talk more about this, nbc education correspondent ra ham a ellis. great...

The credit outlook from negative to stable. detroit is the biggest american city to be placed under state control and it could become the largest municipal bankruptcy ever. joining me is darren nichols who covers city hall for "the detroit news." welcome to you. lets look at kevin orr. he calls this the olympics of restructuring. just how bad is it? >> its prettied about. youre talking about a city that has $14.9 billion in long-term liabilities and a city that needs to begin paying back about $...

United states. it is the fourth largest supplier of u.s. energy after -- youve got canada, mexico, saudi arabia and then venezuela. this is a big financial partner of the united states. citgo is where you get nezuelan gas, although venezuelas gas is also blended with other kinds of gas and it could be in any kind of branded gas station you go to. citgo was acquired by the venezuelan oil company in 1990 and hugo chavez himself really tightened control, state control of the energy infrastructure i...

Would say in front of the cameras at pointing to a business or building that would suddenly by decree be under state control. he continued to enjoy strong support from venezuelas poor despite increasing street violence and one of the highest inflation rates in the world. when in good health he was a constant presence on state controlled television, doing hour long speeches that had to be carried on every channel. his absence creates a vacuum of power that opponents and supporters will no doubt t...