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.
Treasury Secretary Timothy Geithner, in a discussion with reporters put together by the Christian Science Monitor, defended President Obama’s auto taskforce and the $85 billion bailout of GM and Chrysler, saying it was necessary to prevent a total collapse of the American auto industry and that it will pay off as the companies return to profitability. The Detroit News reports:
“We put (GM and Chrysler) through a necessary — absolutely necessary — very difficult restructuring process so that we could reduce the risk of a huge further loss of employment in the auto industry, reduce the risk of a deeper, more long lasting recession and create a set of institutions that could survive in the future without government support,” Geithner said.
He said the companies were doing well. “We’re going to deliver on that with a level of improvement in profitability and earnings again much better than anyone expected at the time,” he said.
He said the Obama administration had inherited an “auto industry at risk of broad collapse.”…
“We’re likely to be able to get out of those investments much more quickly than any of us thought at a much lower risk of loss than we anticipated,” Geithner said, but he said he couldn’t put a firmer estimate on potential auto losses.
GM is expected to make an Initial Public Offering of stock by the end of this year, with Chrysler following suit in 2011. That will allow the government to slowly divest itself of the ownership stake traded for the loans that sustained both companies through bankruptcy.
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