I am writing today to announce the closure of the Michigan Messenger. After four years of operation in Michigan, the board of the American Independent News Network, has decided to shift publication of its news into a single site, The American Independent at Americanindependent.com. This is part of a shift in strategy, towards new forms [...]
An abstinence-only presentation provided to numerous school districts in Calhoun and Eaton Counties in October of this year provided false and misleading information to students about HIV, experts allege.
Two county registers of deeds filed a class action lawsuit Monday on behalf of Michigan’s 83 counties alleging that the Mortgage Electronic Registration Services owes millions of dollars in property title transfer taxes.
Despite evidence of the impact of mercury on children and public health, Michigan Attorney General Bill Schuette last month joined with 24 other state attorneys general in filing a lawsuit to scuttle new EPA regulations that would reduce mercury emissions from power plants.
Ford announced its results for the 4th quarter of 2008 on Thursday and the news was bleak: A $5.9 billion net loss for the quarter, capping three straight years of financial losses for the automaker. The pre-tax loss was $3.7 billion. Still, the company said that not all the news was bad.
In addition to the loss, the company also reported that they had reduced on-hand inventories dramatically in the 4th quarter and had managed to save $5.1 billion in expected costs over the course of 2008, making the year ending loss less than it could have been.
The report also noted that the UAW had agreed to eliminate the jobs bank for the company, as they had already done for GM and Chrysler, which should save the company considerable cash in the coming year.
Despite this bad news, Ford still says they do not need government loans at this point. They reported a total liquidity of $24 billion, which they say should be enough for the company to survive the coming year even with the losses they expect to see.
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