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That the motor city is eligible for protection under chapter nine of the bankruptcy code. The decision clears the way for the city to deal with billions of dollars in debt. But it will also have far reaching implications for its kress tors and pensioners. I have been in touch with legal experts that they thought this was is jut come, and they were right. Now there is a goaling that we know where the city of detroit stands now lets move forward. And that was the point that they made during the press conference shortly after the judges ruling. We have a lot of work ahead of us, i would ask our creditors none of which filed objection to our eligibility, but equally our labor partners top to come forward with us and take this opportunity even in the process of litigation and appeals to get at the sorely needed reform that this city has to achieve, so we can move forward. When orr made this filing back in july, unions came out saying that pensions were protected and i think if anything what ....
Their states with tough bottom line is insurers can expend, current plans that would be canceled into 2014, and americans whose plans have been canceled can choose to reenroll in the same kind of plan. Janet, went before a Senate Hearing today on capitol hill. She is the president s choice to lead the federal reserve. And those are your headlines. If you would like the latest on any of our stories we invite you to head on other to our website, there it is. Aljazeera. Com inside story is next. On al jazeera america. Its throttle up for the megamerger that will combine two airline into the biggest carrier in the nation, what that means to you as our inside story. Hello, im ray swarez. If there was any doubt another Major Airline merger could limit competition, just look at the demands the Justice Department made of the ....
Deal, american must agree to open up major hubs to Smaller Airline carriers, cut back on roots and the number of flights, in an age of fees and baggage costs and expensive no frills tickets what will the future of air travel look like you to you the son caller as the new American Airlines takes on. The americaner between america and u. S. Airways is a 17 billion deal. It would carry 100 million passengers annually. It will. The Justice Department announced the settlement that will allow the new American Airlines to become the king of the airways. In the agreement, the air land must give up gates and landing slots including new york, los angeles, and ronald ragan Washington National airport. Wash ....