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.
Today, the Bureau of Economic Analysis reported that the U.S. economy grew at a 1.6 percent annual pace in the second quarter. The report was a second analysis, revising the number down from an initial estimate of 2.4 percent. That is a dismally slow pace of growth, but better than economists expected. Economic data has been almost uniformly negative for the past two months, and some predicted a rate of growth as low as 1 percent. In the first quarter, GDP grew at a 3.7 percent pace; last year, the pace clocked in at 5 percent.
The Bureau of Economic Analysis knocked 0.8 percentage point, about $25 billion, off of the GDP figure to account for an upward revision to imports and a downward revision to exports and private inventory investments — essentially, business restocked and rebuilt a bit less than the government first guessed.
The numbers give context for a major speech by Ben Bernanke, the head of the Federal Reserve, at 10 a.m. Speaking at a conference, Bernanke might outline new policy measures by the Fed to gin up recovery. The slow pace of GDP growth implies a strong stall-out and poor job growth for the remainder of the year.
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