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.
A new study from the General Accounting Office of the federal government concludes that the government should be able to get most of the money loaned to General Motors, Chrysler and other automobile companies back by selling off the public’s stake received in exchange for those loans. The Detroit Free Press reports:
President Barack Obama has said he wants to sell off the 60.1% stake in GM and the 9.9% stake in Chrysler owned by the federal government as soon as possible. The GAO report said Treasury officials overseeing those stakes expect GM and Chrysler’s profits “will be able to attract sufficient investor interest for Treasury to sell its equity.”
The U.S. government has poured $81 billion rescuing GM, Chrysler, finance company GMAC and suppliers. Steven Rattner, the former head of Obama’s auto industry task force, has said the administration should recoup most of the money spent on the automakers.
This will require both companies to return to profitability and reenter the stock markets with an Initial Public Offering. After that point, the government can begin to slowly sell off its stake to private investors.
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