tv America Tonight Al Jazeera September 18, 2013 9:00pm-10:01pm EDT
>> welcome to al jazeera. i'm john siegenthaler. here are the top stories. record highs on wall street today after the federal reserve announced it would continue its $85 billion a month bond purchase program. the fed says the move is to spur more improvement in the economy. another battle is brewing in congress over potential shut down. house leaders said they would work to prevent shut down but their plan includes defunding the president's health program. gaining the upper hand on unrelated issues. >> there are new details about the washington navy yard shooting. the veterans affairs department
says aaron alex visited two hospitals in the weeks before the attack and had no thoughts of harming himself or others. the pentagon says it will review its security policies. the shooter's are mother offered insight. >> my son aaron alexis has killed 12 people and wounded several others. his acts have an everylasting effect. i don't know what why he -- why he did what he did and i'll never be able to ask him why. >> on america tonight. paradise lost. thousands of tou tourists trappn
beach resort. why they are desperate to get out of acapulco. a state that embraces obamacare. >> what comes them? >> and the mort city in deep debt. with community leaders searching for a way out of detroit's money woes can auctioning off art save the city? >> this is a tragedy for anybody to kind of think you would put a piece of art over somebody's life.
>> good evening, thanks for being with us. i'm joie chen. we gir begin this evening with e massive flooding in central mexico. 24 hours over this weekend spanned two tropical storms. now desperation is mounting in the resort town of acapulco, landslides have blocked the city's main highway. adam rainy is there, and earlier i asked him what he has been seeing in the aftermath of the flooding. >> what we're seeing is several flights, military and commercial flights, in acapulco, the area that got hit worst by the tomorrow. more than 5,000 people have been air lifted from here to the capital, there are thousands more waiting. those are mainly tourists who had been there for a holiday
weekend. saturday and sunday was independence day here in mexico and lots of people descended on acapulco, four or five hour drive from here. they got stuck, the weather got them caught off guard, waiting in chest-high water, they are waiting in the hot hot sun bearing down on them after the storm passed through there. >> adam do we know how many people and how the government is going to deal with that? >> there are 40,000 tourists trying to get out of there. two of the largest airlines in here, aero mexico and interjet have offered free flights to get people to mexico city. but i think they're going to keep lifting out until those who want to get out by air do get out. because the two highways that connect mexico city to acapulco
are not passible. affected by mudslides and you can't pass by mexico city back to here. we're going osee the many next few days, the only way people can get back is through these free airlines or military. >> in the reverse if there was any way to bring additional supplies into acapulco, talk to us about the challenges that any rescue efforts would face. >> the challenge is quite huge not specifically for acapulco because it is an urban area on guerrero, but to deliver relief to the residents, this is a rural hilly state where authorities don't go to these very hard to reach villages. we're hearing reports of several people dead in a village that had a major mudslide, there is several people perhaps dozens still missing in that slide. we might see for days to come
these very hard to reach villages that are cut off, also cut off from their roads collapsing that the military might be going in there every hour for the next few days and finding out that the damage is much worse than anyone knows right now. we've seen the death toll rise quite considerably, and in coming days, because these villages are hard to reach and hard for relief and sending rescue teams to this area is very hard and maybe the only way to reach them is by air. >> matt: adam rainy, thanks adam. dave mercer is on the telephone from the military airport in acapulco. what are you seeing now dave? >> flights from the military airplanes, there are hundreds of people who are lined up still. ready to file into the airplanes, ready to be taken
back to mexico city which is about a 40 minute flight. but in the streets out here there are thousands of people who have been waiting. they told us they have been waiting for up to three days to get onto one of these flights. and it's hot here as adam said, it's hot under the sun here and people are tired. there's elderly, there's young children. there's people from all walks of life. and they just want to get on a plane. they want to get out of here. they've been on the streets for days, literally standing on the streets under the blazing sun waiting to get onto these flights. the flights aren't moving, theory not able to reach their home destination. this is one of the big concerns of the government of the military right now. >> dave, is there any sort of shelter being provided? we see photographs of people reaching for supplies, anything they can, water, trying to get out of the heat.
>> there are shertle we have seen in acapulco, one of them today and certainly hundreds of people who were there if not thousands of people who were there. and these are people who live in surrounding villages, surrounding towns whose houses have been made unlive annal at this -- unlivable at this stage. a convention center quite like after katrina the floor was covered with mattresses. they have sufficient food, sufficient water but of course these people have just lost everything and they are incredibly disheartened by it, there are bad situations there. and earlier today we went up in a helicopter and went to one of these small towns that adam alluded to, some of these small villages that are cut off from any kind of assistance. and these are rural areas and there are people, poor people who just lost everything. and we were actually in a health that brought the first shipment of aid to this village of 800
people. and they were running as soon as the helicopter landed they were running towards the helicopter just desperate to get any kind of food, fresh water and the government was bringing them packages of food and water. but the people said it was the first assistance they had received and they were afraid it wasn't going olast very long. >> correspondent dave mers withr with us in acapulco. dave warren joins us from mortgage. dave. it would develop off the coast there pacific coast and hurricane manuel redeveloped. but it's also what's happening in the caribbean and moving into the gulf of mexico that is a big concern. first hurricane manuel, not be turning to the south, in fact should slowly weaken as it moves
to the northwest. areas that got a lot of rain that's not organized. what is trying to organize is this area of clouds moving over the yucatan pens sla and into the gulf. we're looking for information about how it could develop and where it could go. these are individual storm tracks showing the center of the storm. pretty good agreement that it will move to the northwest, few turn to gust coast states. what we do not want to see is this storm move slowly back to the south and not move at all. it would continue to stay over water and dump water in areas that don't need it, southern mexico. there is uncertainty where this storm could travel. it looks like it's developing could be become propth. if it does -- tropical storm. that would be a big problem because it would still be
dumping a lot of rain over southern mexico. certainly don't want to have that happened. joie. >> thank you very much, dave. we're looking closely at the recovery efforts in colorado. it's been nearly a week, when the storm washed out roads and bridges. more than 200 people are still unaccounted for in the colorado high country. back here in washington tonight we continue to follow developments in the navy yard shooting. today the defense department stepped up security at all of its installations following the deaths of 12 employees at the navy yard and of course the shooter last well. defense secretary chuck hagel ordered defense crunlt and he acknowledged there were red flags in the behavior of aaron
alexis, telling police just a few weeks ago he was hearing voices, felt he was bombarded by microwave vibrations but maintained his security clearance to the end. military personnel should not be stigmatized for accepting help for their mental issues. >> i was one of those that thought that men and women should have the opportunity to overcome their mental disorders or their mental challenges or their clinical health channels. and shouldn't being stigmatized. and so i still remain in that camp. that a man or woman should have the ability with treatment to overcome them and then to have a fruitful life and gain employment including inside the military. this particular individual, of course, wasn't a simple matter. i don't know what the investigation will determine. but he committed murder. and i'm not sure that any
particular question or lack of question on a security clearance would probably have revealed that. >> interesting point. general dempsey's comments echo a larger concern for community. dr. fuller torrey, founder of the treatment advocacy center, and with us american university college of law professor robert dinerstein. professional, i'd like to start with you, you come out of this a little bit more difficult problem to make. and that is, a lot of folks are going osay look, when you've got a person who's giving these indications of having mental health issues, at what point do his civil rights trump the rights of others to have safety and security? >> he did reach out a couple of
times to the va hospital, said that he was reaching out. it didn't connect. sometimes the issue is fightings or against being treated and that raises a different issue. that's actually not the issue in this case. but the problem is lots of people would say things like he would have said and wouldn't harm himself or others. >> under that assumption can't we be secure saying, look, he hasn't done anything left, what level do we say it's important we all feel secure? >> think about in the criminal justice system, we could look at certain demographics and say we have a pretty good sense you are going to be a crime member -- gang member you're going ocommit a crime. rightly or wrongly, people have to do something before we can intervene. there was the case here which
was tragic. >> the person's civil rights against the rights of the rest of the citizens. in this particular case he reached out to the police. he is clearly an cutz schizophrenic case. there is noing question about it. if he had been brought to my hospital i would have hospitalized him, voluntarily. the law in rhode island is very tight. when do you take the person's civil rights away in view of the rights of the other citizens? in in this case we clearly should have. >> you would have done that? >> i would have done that and i hope someone would have done that to me in the same situation. >> what the law allows doesn't it generally say that the person be threatening at least to himself? >> in rhode island it is very tight but in other states there
is in need of treatment, they don't that that in rhode island but in other states, you could have hospitalized him involuntarily. >> he would have if he could have involuntarily committed this gentleman. >> since i'm not a doctor i wouldn't. >> does that concern you? >> it concerns me. you can't look at what happened this week and not have concern. the question is, what's necessary to do? had as a problem the two easy commitment of individuals to hospitals, actually dr. torrey many years ago wrote about this, people admitto hospital he and no treatment add all. some add grade disability or inability to care forself, there is a titration between what is in civil society, most people
with mental illness and the id yaition he hasideation he had sn hospital. >> he doesn't know he's sick but knows something very wrong. that to me means it's something very different thaj a month before that or two months before that. on those grounds alone i would have hospitalized him and treated him. >> to look at what general dempsey said, we don't want to stigmatize, an involuntary commitment isn't that likely to do that? >> yes, but at the same time, that's the only way to get treatment for the individual. john is very right. it's important not to stigmatize. but most people with
schizophrenia are not dangerous. it is the small number like this person who is not being treated that can become dangerous and in this case it did. >> in the few remaining minutes, if you knew how much of society was truly going to be dangerous at what line do you draw it? >> our ability to predict that are very poor. we have to be careful in terms of these awful incidents not to overreact to them. >> i'm sure a lot of people are worried about where this is going. thank you very much ver for beig with us. wounds so raw they found enough strength to rally on exol hill for tougher gun -- capital hill -- capitol hill for tougher gun laws.
>> well, the navy yard shootings left many of us shocked outraged and horrified, a campus, should have been one of the safest places to be on a workday morning. there is one other location that understands sadly the victims. the tragedy at the sandy hook are elementary school bonded those of ne newtown, connecticu. all over again. monty frank heard it as he came into his house. >> what went through your mind when you heard the news?
>> i'm not sure much went through my mind. i felt like someone had kicked me in the gut. i had just come back from a bike ride. and i -- living in sandy hook you ride by the school, you ride by homes of families that lost kids. it's a reminder every day to come home to hear the news that there's another shooting. >> and it's in washington. >> it's in washington. >> where you are headed. >> correct. >> frankly it's the newtown action alliance that has launched a series of demonstrations since last december. visits to capitol hill all to get lawmakers to finally act on gun control. the shootings at sandy hook elementary in which 26 people including 24 schoolchildren were
gunned down. survivors from aurora, colorado shooting, gabrielle giffords and her supporters from other victims of gun violence would all be asking for help. >> we are all part of the same horrible club that no one wants to be in but unless we can make changes to our laws to reduce the risk there are going to be more people in communities that join this horrible club. >> it is the nine month anniversary this past weekend, nine month anniversary, here you are in washington again. >> right. >> as your group has been so many times. is it going to be different? >> i don't think it's going to be different tomorrow. it probably won't be different three weeks from now. but i think over time, it will change paws it has to change. -- because it last to change. i think americans are saying, enough already. we need to make the changes
because the currently situation is not tolerable. >> so you believe that there's really a ground swell, something is going to move it forward. is this event, the navy yard event, will that be enough to break the impasse? will people be compelled somehow so close to the capitol, foot steps from the capitol really, will that make a difference in the way the lives of those children did not? >> i hope so. you know it's another significant event in a series of events. you know keep in mind that gabby giffords was shot. and she is now very active in the movement. and you know even though one of congress's own got shot, that isn't going to enact safety laws. but there are some things that hasn't changed since 12/14, the polling on background checks.
since the votes went down in the senate, the senators who voted for it have seen their approval ratings skyrocket. the senators who voted against it have seen their approval ratings plummet. that tells me something. perhaps when the time is priet there's going to be efforts coming up to bring these bills back, maybe we'll see a change. >> frank says he was especially moved by the trauma center doctor who veered off the medical update script to deliver an impassioned plea to stop the violence that had once again brought too many victims to her emergency room. >> but there's something wrong here. when we have these multiple shootings, these multiple injuries, there's something wrong. >> she was quite passionate about this. >> right. >> quite passionate. quite concerned.
quite decisive in saying it's time for americans to act. she's not a political person. she's a decision. but she spoke out and said this is something that we have to deal with. how much does it take? >> you know she said please put me out of business. same token, i'm willing to bet that nine months ago you had never heard of sandy hook, connecticut. there isn't a person in the world who hasn't heard of sandy hook because of the shooting. >> despite the doctor's plea and in the hope that they could make a difference, frank returned to capitol hill, pigeon hoalg lawmakers -- pij holing lawmakers,. >> i would love not to be here. and have to talk to the
legislators and tell them that they need to do something. you know, unfortunately, i think it's going to take some time, in the interim, more americans are going to die. it's a stark reality. but until we reach that point where we either make the changes that are necessary, or we change congress, and certain members of congress, we're just going to keep talking about these events. and it's horrible. irtsdz horrible for me to -- it's horrible for me to think that other communities are going ogo through what my community went -- to go through what my community went through and what the families from yesterday's event are going ogo through. >> monte frank the new town alliance making sure no one forgets. when america tonight returns, how art could help save
minister, syrian president assad offers what he considering proof of the weapons attack. investigators conclude serin gas was used and the rockets were fired likely from the syrian government's military base he. in alabama a rush of sorts, hundreds protested at the university of alabama. fraternities and sororities, some are accused of denying intrir tentry to black students. calling for change. after a big surprise from the fed, the federal reserve indicated it would keep its stimulus program in place, $83 billion per month in bond purchases and the stock market grew to record highs. focus of the detroit's
bankruptcy case is the art collection of all things. retired workers are already worried about having a drab future. america tonight sent chris bury to sketch out detroit's future. >> the city of detroit has entered uncharted territory. small businesses wiped out, tens of thousands of vacant buildings. and a dwindling tax base. leaving droi detroit without enh money to pay its bills including billions ode to city workers pension. both 71, both retired. >> it's like the city is trying okill us all off. all the people you know, that's retired. because they're not going otake care of us like they should. >> benny spent her career working for the city, a more
stable option for her future than the auto industry or so she thought. her retirement as it turns out is anything but stable. >> well now my world is being turned upside down. because if they cut anything away from me, i don't know how i'm going to survive. >> she now receives an $885 pension and that could be in jeopardy. detroit's bankruptcy means the city now $18 billion in debt must make the painful choices it put off for so many years. so the pensions of tens of thousands of city workers and retirees are on the line. >> i'm just praying that something happens, you know, they just leave us alone. >> that something could be found here. among the treasures of an earlier, more prosperous city. at the detroit institute of art. where an auction house is now trying to put a price on what many here consider priceless. among the 60,000 pieces here are
the first van gogh ever acquired by an american museum. this famous monet, a work by the the flemish master breugle. >> why is it important to save this collection? >> ttys crown jewel of michigan culture. it's essential if detroit is going to recover -- >> graham beal directs the detroit institute of arts. he's working to save the art from the auction block. >> it's disturbing by a quirk of history that we have been put in this position. and although i firmly believe that the chances of anything ever been sold are very, very slim you can never tell. and so yes, it's a deep concern. >> at a diner just down the street from the museum, we met with ed mcneil. he negotiates contracts for 33 unions representing current and retired city workers.
>> you don't say to people, that have worked so hard, you don't say to them, hey, i don't have anything for you. >> as far as he's concerned, the van goghs must go. if that's what it takes to pay the pensions. >> just a tragedy for anybody to even think you would put a piece of art over somebody's lives. >> for benny and her husband, the city's art work is a far cry from their troubles. they're more concerned about medical bills than monet. >> it's hard already i can't imagine it being hard he. >> since her husband retired in 1997. he suffers series problems. he undergoes dialysis and a couple of years ago, he lost his eyesight. >> i don't know how i would survive. i might as well have one foot in the grave. that's where i'd be headed if i
couldn't take care of myself anymore or him. if they cut him off it's like cutting my life. it's like a sienl killer or something -- silent kimer or something -- killer or something. like everyone who's trying to retire. it would be very devastating. >> almost everything the city owns ask an asset to be sold o off. including the tunnel to 1s to , ontario and the zoo. a healthy breeding giraffe can fetch as much as $80,000. nothing is too precious to be sold.
>> the city manager is evaluating the value of everything that detroit owes. >> law professor laura bartel says the city has to show everything in this case. >> does the city manager need to say there are no sacred cows? >> he last to show everything. >> including cuts for city's beleaguered police force, when it takes them an hour to respond to a 9/11 call, the fire department could get trimmed. it's a new low for what was the heart and soul of america's automobile industry. the detroit grady remembers so well before he lost his eyesight. still he's convinced, detroit could come back. >> don't give up. don't abandon ship. we're not going to give up, we're going okeep pushing. that's life itself.
>> even though grady is not able to see the contraction in the sidewalk, he and his wife and friends know detroit is not the same city it was, when diego rivera painted it 80 years ago. the assets could be auctioned off, to pay the bills that have been too long neglected. >> that report from correspond chris bury leads us to consider what can save detroit? university of michigan professor of law and bankruptcy expert john pottow joins us. could they add up to be enough to save detroit even though you sold every asset the city has? >> i don't know, joie. i think that would be a pretty optimistic scenario. i'm not an art appraiser.
i don't know how much that would pay off. we're talking about $18 billion, plus or minus. to give you an idea of perspective, in a good year detroit could raise about a a billion in tax revenue. firing every police officer and spending nothing on services to pay off, this is a huge economic hole that has to be dug out of. >> talk to us about the procedural things that are hang now. there is a mediation underway and then tomorrow there is an opportunity for people like mrs. boatner to speak out to the court. >> that's right. two big things are happening in the case right now. the first is that one of the major costs are the labor costs, pensions, benefits and the financial manager is asking for serious concessions. the bankruptcy judge has asked the labor groups, retirees to sit down and mediate to see if they can come up with consensual modification of this rather than
litigation. the second thing going on is those workers that we heard from are protected, some argue, you about a provision of the michigan constitution. which says that pension benefits cannot be altered. i'm paraphrasing. and so their position is that this chapter 9 bankruptcy proceeding is legally invalid if the purpose of it is to cut the pension benefits. and they have launched an objection to the very eligibility of detroit to file the bankruptcy. the judge has scheduled the first hearing on that argument tomorrow. >> but as a practical matter, your emergency manager up there, kevin orr, isn't it his contention that constitutionality or not constitutionality, as a practical matter you can't solve this without getting into the pension money. >> yes.
this goes to the first principle of bankruptcy, you can't draw blood from a stone. despite what is owed, detroit doesn't have any money to pay. we could see a political move of asking for some back stop financing from the state or even the federal government. but there's no legal argument or nothing in the bankruptcy code that can generate money to help pay these obligations. so it is difficult to envision a scenario in which this city is restructured without there being some modification and reduction to the bengs benefits. >> there are other -- pension benefits. >> there are other communities that have experienced bankruptcy. is there anything at this level, anything like detroit or is this a completely unique situation? >> no, detroit is unique. this is a four-times larger than next largest bankruptcy and the amount of debt and the difficulties facing the city particularly, the massive depopulation that's occurred in the latter part of the century is something we haven't seen
before. so the issues of the pensions is going to be one of the hardest ones and the health care benefits too. and making things particularly bad, it's important you understand this, all workers for private sector companies like airlines and retailers, we assure something, the bengs benefit guarantee corporation steps in like pension insurance. the loophole is being public agencies do not have that insurance. if the default is present. >> dr. john pottow, we'll ask you to day tuned and give us more information as it comes on. coming up, buying in on obama care. a state that finds itself between a rock and a hard place.
spending showdown on capitol hill. house republicans say they will pass a budget bill to avert a government shut down but will strip out funding for the president's health care reform law. funding is to run out about two weeks from now. house speaker john boehner set, they have no interest in seeing the government shut down but they won't fund obamacare. >> we're going ocontinue to do everything we can to repeal the president's failed health care law. this week the house will pass a cr that locks the sequester
savings in and defunds obamacare. >> not since the korean war has the federal government reduced spending two years in a row. we aim to make that happen. and we aim to put a stop to obamacare before it costs one more job, or raises a family's out of pocket expenses one more dollar. and this fight will continue as we negotiate the debt limit with the president and the senate. in the coming weeks we will unveil, in the coming week we will unveil a plan that extends the nation's abled to borrow while delaying obamacare and protecting milt class families from its horrific effects. >> while lawmakers on the hill square off over this funding of obamacare, the debate has been less divisive, in colorado, where lawmakers have come
together to implement part of the plan. smfsheila macvicar reports. >> a website fossnow believes will help health care. >> where individuals and companies can purchase health care. >> part of colorado's effort to implement the affordable care act, also known as obamacare. >> if you and your family are assured, you can see your options all in one place with one application. >> you don't have to put in anything but a few pieces of information and we'll show you your plans. if you say this looks good i want to move forward then we're going to ask you some additional information around where you live, whether or not you smoke,
if you're pregnant and your age. >> under bowblg many americans will -- obamacare many americans will get health care through websites like fontanou's. the federal government can have one but states can also set up their own. many supporters for obamacare point to colorado as a model for other states. it will offer up to 100 different plans from ten different companies. >> you ask me for biggest challenge and that one's going to be tough. certainly the technology but also the education. just how many people in our state know who we are? >> zoe williams and her partner patrick kelso, plan to check out the exchange. williams is pregnant with her first child.
williams has a health care, doesn't cover all she like. all plans must provide services deemed essential to a woman's health. >> they range from well screenings and mental health cnch. contraception and breast feeding supplies and support. >> it is certainly true that investments in health promotes and primary care will reduce health care costs. >> gretchen runs a health service for the medically underserved. >> it allows people to be at their very best health, to go out and pursue education, to pursue the job they wish, so it has a ripple on health communities and health colorado. >> besides setting up an exchange colorado is going along
with another part of the president's plans. colorado is expanding eligibility for medicaid, the government program that provides free health care for the poor. >> craig burlson is a director of the intercity health care a company in denver who provides health care for low income individuals. >> if you can afford it you get it, if you can't afford it, you don't. >> a flow of patients burlson says has increased in the last few years. >> we have a vast number of below wage earners. the young invincibles their category of 18 to 24 to 36. they're a population of young people who are savvy highly sophisticated in the modern information technology world and so they see themselves differently but they don't have
insurance. >> everybody who's treated here is asked to pay something. but for low income patients even modest amount can make for tough choices. for many, the medicaid expansion will cover that fee. >> we've experienced in recent years that people are coming to us later. which means they come to us sicker which means that's more complicated and if you are going to look at the cost equation, that's more expensive. if they have coverage tomorrow that means they will come in more readily. >> mage is a volunteer and also a patient. >> i don't like to be a person of reduced circumstances but i am certainly grateful that there are programs in place to assist me. and some people that need much more assistance than i do. they have health issues that have to be addressed. so what are you going to do? are you going to go to their house and tell them that we're
just going to roll you into a ditch and you figure it out the best way you know how? >> no doubt colorado's embrace of obamacare, for others it is creating a big dilemma and the state exchange is one of the things complicating matters. alan luzetti is between a rock and ohard place. in the cramped office on the edge of denver, he turns paper documents into digital media. he still provides a full time plan for his employees. >> it is not a superhigh deductible but it's comprehensive in my opinion. >> as a small employer, luzetti isn't required to provide any of his employees heat insurance but if he does, he has to provide
them to his part timers. >> i can stay on the plan i am on, as the new employees qualify pick up the cost and put them on the company plan. the other option is to stop offering health care. employees, the state has an alternative, go ahead and buy your own. >> in other words, it would be cheaper for luzetti to dump all his employees on connect colorado than to keep providing insurance. >> a lot of them are saying forget it, i'm out of the insurance business let the exchange take care of them. >> many fear that would happen. in 2011, in response to a survey by mckenzie and company 30% of the employers said they would definitely or probably stop offering insurance after 2014. it wasn't just small companies either. recently reported that walmart
is taking steps to limit health insurance to reduce its cost under obamacare. >> it makes for a long night when you are thinking about what comes next and not only for my system but some of my employees i've got three employees that have been with me for a decade. >> despite his predickable luzetti said overall colorado did a reasonable job when it comes to implementing obamacare. colorado's new plan says 600,000 people who are now unassured und will be covered. >> alan luzetti has decided that he will keep offering his employees insurance, for the time being but if it gets too expensive he may cancel the plan. still ahead on america tonight, is buying a home easier
than before? coming up thursday on america tonight, it is the only church in the world that caters to the entertainment community. >> i think the actor will pray for success in their craft. they've learned to sacrifice so bad, i've seen the struggle the actor has been engaged in, trying okeep life normal just to be able to pursue this craft, is incredible. >> we visit what the broadway community considers an a-list chapel, the actors chapel. that's thursday on america tonight.
>> finally from us tonight a look at the housing market which is slowly waking from a long slumber. but that doesn't mean it's a buy are's market either. al jazeera's natasha ginane reports. >> this is an example of luxury miami style. this is ready for the taking if you have $35 million. whether you're a part of the 1% or the 99%, buyers in miami-dade
county are facing fears competition. >> it's hot, getting hotter and hopefully get to a sizzle. >> alex and nicole had already been burned six times in the last year. they were getting matter in the spring -- married in the spring, and were envisioning buying their first home. each time they lost out to an all cash buyer. >> it's frustrating. here we are two 81 people trying to start a life together with a thinking about the future and it's just like, a punch in the face. >> those cash buyers include private equity investors who are buying up homes to turn into rental properties. that means there just aren't a lot of homes for sale. >> in the last scum of years in miami-dade county our inventory have increased by 80%, the price have increased 19 to 20%, that's
just in two years and they're increasing still. >> some people are back into the house-flipping gain. annie sierra mate a $200,000 profit on a condo she owned two years many then she shaved $40,000 off the asking price of this house because she had the leverage of buying with cash. >> i know my outcome and where i could be for a year. >> as for sardino and cano, they got a call from their realtor. they finally landed this new home. >> i guess i couldn't really feel the success of everything i've accomplished in my life until i was like okay, open the door, this is my home, i own this. >> whether it's a starter or a luxury home, people here are learning that waiting can cost them. if they see a home they want three better pounce before someone comes along with a better off.
natasha dunane, al jazeera, miami-dade county. >> that is it for us tonight. if you want to comment about any of our stories, log on to aljazeera.com/america tonight. tell us what you want to see in our nightly current affairs program. also, join the conversation with us at twitter or our facebook page. good night, we'll see you tomorrow.
>> welcome to al jazeera i'm john siegenthaler. here are tonight's top stories. it was a record day on wall street today, the markets took off after the federal reserve announced it would continue its stimulus because the markets are thought to be weak. gunman former reservist with a history of erratic behavior, doctors say he visited a hospital in the weeks before the incident but didn't show any mental distress. a bus-train accident in ottawa canada, the bus went through the barrier and right into the