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.
In surprising news, Crain’s Detroit Business reports that Chrysler Financial has paid off the $1.5 billion in loans from the Troubled Asset Relief Program that it received in January. The company, which until recently provided most of the auto financing for the purchase of Chrysler vehicle, says that it used the money to fund loans for the purchase of 85,000 Chrysler vehicles.
This is surprising because the line for Chrysler Financial should be in far worse shape now than it was in January when it took out the loans. Since that time, Chrysler has declared and emerged from bankruptcy, and part of the restructuring plan was a change from Chrysler Financial to GMAC as the automaker’s primary lender for the purchase of vehicles.
At this point, GMAC gets all the business that Chrysler Financial had both for car loans and for showroom financing for Chrysler dealership. The Crain’s article says that Chrysler Financial “continues to offer dealership insurance and financial products to consumers” and has a loan portfolio of $45 billion.
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