The Daily Docket: Detroit Residents Speak out to Bankruptcy Judge
Johnson choked back tears as she recalled a conversation with her 9-year-old grandson. Referring to the control Bankruptcy Attorney of the city by emergency manager Kevyn Orr, an unelected official, her grandson asked, "Grandma, are they trying to make us slaves again?," Johnson said. Rhodes listened attentively throughout the long stream of testimony, granting some speakers additional time to finish their thoughts. He even encouraged one person to submit his lengthy testimony in writing when he was unable to finish in the allotted time. Bruce Bennett, an attorney with Jones Day representing the city, said that though bankruptcy "is never a good thing," Orr and the attorneys were aware that their decisions affect residents and retirees.
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Bankruptcy rate low in BR
The key obstacle to the EU deal is the incarceration of former Ukrainian Prime Minister Yulia TymoshenkoPhoto: AFP Follow Speaking at a conference in the Black Sea city of Yalta, Russian presidential adviser Sergei Glazyev dismissed the benefits of a planned treaty as "mythology". He warned that tariffs and trade checks that Russia would impose after the deal could cost Ukraine billions of dollars and result in a default. "Who will pay for Ukraine's default, which will become inevitable?" Mr Glazyev asked. "One has to be ready to pay for that." Saying that a default would cost Ukraine "25 or even 35 billion euros", he asked: "Would Europe take responsibility for that?" Russia is opposing Kiev's plans to sign a free-trade and political association agreement with the 28-member bloc in November, which would be a major step towards possible eventual membership. Related Articles A cultural guide to Lviv 19 Sep 2013 Determined not to lose sway over his neighbours, Vladimir Putin instead wants lure Kiev into the Moscow-led Customs Union for former Soviet states. Moscow raised the pressure on Ukraine over the summer by banning the products of a major chocolate maker in Russia and by temporarily halting some Ukrainian imports at its border. Petro Poroshenko, a former trade minister and confectionery magnate, clashed with Mr Glazyev at the 10th annual meeting in Yalta, organised by the pro-European Ukrainian billionaire Viktor Pinchuk over the weekend.
For the original version including any supplementary images or video, visit http://www.telegraph.co.uk/news/worldnews/europe/ukraine/10327027/Russia-threatens-Ukraine-with-bankruptcy-over-plans-to-sign-EU-agreement.html
Russia threatens Ukraine with bankruptcy over plans to sign EU agreement
Morgan Chase & Co. will pay more than $920 million to settle the London whale case. The New York Post reports that Department of Justice official Richard Breeden is giving some answers about when Bernard Madoff victims will get paid. Law professor Stephen Lubben speaks via Credit Slips on Chapter 11 cases and the Federal Reserve. Fiat SpA President Sergio Marchionne has a new union ally to help with Chrysler talks, WSJ reports . Stock shares are rising at U.S. Airways Group Inc. in a sign of investor optimism on its merger with American Airlines, Bloomberg reports .
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Second Adviser Working with Bloom will be Lazard managing director Andrew Yearley, said three of the people. Yearley was lead adviser to the United Auto Workers union in negotiating with the U.S. Treasury in the GM and Chrysler bailouts. Bloom, 58, rejoined Lazard in February 2012 after resigning in August 2011 from a White House post advising Obama on manufacturing topics. Orr, 55, who advised on the Chrysler restructuring, left the law firm Jones Day in March to take the job overseeing Snyders takeover of Detroit. The industry bailout that Bloom led and Orr advised on has U.S. auto sales poised for the fifth straight year of annual increases. Chrysler has had 41 straight months of gains and GM has said it expects a modest improvement over its $6.19 billion in earnings in 2012 as it heads for its fourth consecutive annual profit.
For the original version including any supplementary images or video, visit http://www.bloomberg.com/news/2013-09-19/obama-auto-czar-bloom-said-to-face-ex-ally-in-detroit-bankruptcy.html
Federal bankruptcy court moving back into Robert S. Vance Federal Building and U.S. Courthouse after $43.4 million rehab project
According to Muwwakkil, the project repairs and replacements of major building systems included: the heating and air conditioning system, electrical, lighting, roof, plumbing; exterior wall, structural and foundation repairs; handicap accessibility and security requirements; storm water management; window restoration; increasing the tenant capacity of the building; and other repairs. The project included recycling and salvaging at least half of the waste materials generated during construction and installing a rainwater cistern to irrigate the landscape and offset water supply to the plumbing system, Muwwakkil stated. These are only a couple of the features that will help the facility meet rigorous federal building standards and achieve the U.S. Green Building Council's LEED Silver certification. The final project cost of $43.4M accounted for unforeseen challenges encountered during rehabilitation of the 1920s era building, including the need for asbestos abatement, significant structural repairs, fireproofing and lead paint removal, among other items, Muwwakkil stated. Hoar Construction LLC is the general contractor on the project. More than half the project has been awarded to small businesses and in all about 150 jobs created as a result of the project, Muwwakkil stated. The 173,993-square-foot four-story - plus basement - marble and brick neo-classical structure was built in 1921 to house the post office and federal agencies.
For the original version including any supplementary images or video, visit http://blog.al.com/spotnews/2013/09/federal_bankruptcy_court_movin.html
Obama Auto Czar Bloom Said to Face Ex-Ally in Detroit Bankruptcy
And adding the moment, the opposing pitcher is a former Royals hero. Justin Maxwells grand slam deep into the left-field bullpen lifted the Royals over the Rangers 4-0. Maxwell turned on Joakim Sorias fastball and the large Kauffman Stadium crowd roared the approval. Justin Maxwell good to the last swing for Royals With one chill-inducing 421-foot swat to left, Justin Maxwell delivered a 4-0 10-inning victory over the Texas Rangers, the Royals first winning season in a decade and second since 1994, kept their playoff hopes afloat, albeit remote, and triggered a delirious celebration as a signature of the season to the home fans.
For the original version including any supplementary images or video, visit http://www.kansascity.com/2013/09/21/4498208/bankruptcy-rate-low-in-br.html
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