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The Michigan Messenger going forward

By Staff Report | 11.16.11

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 [...]

Colorado-based abstinence program provided false and misleading information to Michigan students

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By Todd A. Heywood | 11.16.11

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.

Class action lawsuit filed against MERS over unpaid taxes

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By Todd A. Heywood | 11.15.11

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.

Schuette fights important mercury regulations

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By Eartha Jane Melzer | 11.14.11

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.

Median value of house in Detroit: $7,500

By Ed Brayton | 03.03.09 | 8:05 am

The median price of a house sold in the city of Detroit has fallen to a staggering $7,500, the Chicago Tribune reports. And the bad news simply piles on top of that frightening statistic:

If the Obama administration is looking for a city to test new ideas for chronic urban problems, it can look to Detroit, a northern New Orleans without the French Quarter. While bedrock poverty in the Crescent City was violently laid bare by Hurricane Katrina in 2005, Detroit has been quietly slipping into social and economic crisis for 40 years. One-third of the population lives in poverty, and almost 50 percent of children are in poverty, according to data from the Detroit-Area Community Indicators System. Median household income has dropped 24 percent since 2000, according to the Census Bureau.

New York bond-rating houses this month lowered the city’s bond rating to junk status, a lowly assessment shared by New Orleans and few others.

When you can buy a house for less than you can buy even the cheapest car, Detroit has reached the point where it is a virtual third world city in the middle of a first world country.

Comments

  • RogerBessy

    I love this site, but question this article and the source article from Chicago. While the real estate markets in the region and the city are definitely bad, if you search the Detroit zip codes on the following real estate link (http://realestate.aol.com/homes-for-sale), the average sale prices throughout the city are 5 to 10 times the “staggering $7,500″ quoted in both articles. Please explain, Mr. Brayton.

  • MMForman

    On a similar but unrelated note, I read in the Detroit Free press that said there are 80,000 abandoned houses in Detroit.

  • http://grahamad.wordpress.com Redstar

    I dedicated a post to this harsh reality over at Poverty in America at Change.org:

    http://uspoverty.change.org/blog/view/detroit_a…

    - Leigh

  • http://personalmoneystore.com/moneyblog/2009/04/15/tax-day-freebies-start-finish-day-free-stuff/ Tax day freebies

    When as you can buy a house for less than you can buy even the cheapest car, can you imagine this? Really the Detroit has reached the point where it is a virtual third world city in the middle of a first world country. In relation to world economy, did you hear about tax day freebies? Well, there are a lot of businesses giving out tax day freebies. If you live around Baltimore, the McDonald's fastfoods has this tax day freebies, where you can get a free small hot or iced coffee. You can't get a free payday loan, but there are other deals. There are free Cinnabon bites and Maggie Moo's ice cream freebies as well. Some tax day freebies might come in handy as some credit repair on the part of April 15th. How I wish its always tax day freebies.

Categories & Tags: Economy| | | |