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.
General Motors CEO Fritz Henderson told the bankruptcy court yesterday that the company must have the sale of its valuable assets to a newly restructured GM by June 10 or they will be forced to liquidate those assets and the company will cease to exist, the Detroit News reported:
General Motors Corp. will face liquidation July 10 unless a federal bankruptcy judge approves the sale of the automaker’s best assets to a new company, President and CEO Fritz Henderson testified today.
The U.S. Treasury Department has told GM it will provide no additional financing if the assets are not sold by July 10, Henderson said during early testimony in U.S. Bankruptcy Court.
If that deadline is missed, “we will liquidate,” Henderson testified.
Frankly, that seems unlikely to me. As long as the path to final approval is clear by June 10, I can’t imagine the Obama administration pulling the plug and letting GM be liquidated. That would cost the government well over $50 billion over and above what it has already given to the automaker, without any hope of getting it back by receiving an equity stake in the new company.
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