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.
Automotive News lists some of the provisions in the new agreement between the UAW and General Motors. The UAW leadership unanimously approved the deal and the membership is expected to vote on it by the end of the week. Among the new concessions agreed to:
The key issue was the exchange of debt owed to the union-run VEBA healthcare fund for stock in the newly restructured company. Under the agreement, GM will forgo a $10 billion payment to the VEBA fund in exchange for 17.5% of the common stock in the new company, warrants for an additional 2.5% of the common stock, $6.5 billion in preferred shares with a guaranteed 9% cash dividend, and a new $2.5 billion note to be paid back with interest in three payments before 2017.
The union also agreed to several concessions on pay and benefits, including an immediate reduction in medical benefits for retirees, no overtime unless an employee works at least 40 hours in a given week and no cost-of-living adjustments for the next two years. The company will also offer enhanced buyout offers to reduce the total number of workers.
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