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.
Here in the wee hours of the morning Michigan time, Asian markets are trembling from the impact of Monday’s failed bailout vote and the subsequent record-breaking 777 point drop of the Dow Jones Industrial Average. Toronto Stock Exchange’s main index fell 7 percent, Brazilian index Bovespa fell 9.75 percent, and Argentina’s MerVal index fell 8.7 percent during the course of the day Monday, mirroring the DJIA’s decline.
The Hang Seng index in Hong Kong was down nearly 4 percent, and the Nikkei 225 index in Japan was off nearly 5 percent. Australia’s S&P/ASX-200 index fell more than 5.3 shortly after the market opened, but rebounded to recover more than a percent and a half.
The U.S. dollar also took a hit today, falling in value to a four-month low against the yen, indicating decreased confidence in U.S. fiscal health. One very weak silver lining to the decline of the U.S. dollar: American goods could be cheaper, possibly increasing export sales over the short run.
The impact of the bailout vote is also reflected in the media itself; CNBC is offering special coverage from 1:00 a.m. to 4:00 a.m. of foreign markets, from Asia to Europe. It’s an improvement over the fluff CNBC usually offers in this time slot, but a grim reminder of this financial crisis’ global reach.
We’ll take another look at the European markets later Tuesday morning Michigan time as they have not yet opened at the time of this post.
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