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.
Despite turbulence in national and global markets and warnings of a global recession, Midland Mich.-based Fortune 500 company Dow Chemical (NYSE:DOW) has been tightening their fiscal belt and is still managing to keep afloat in the economic storm.
By conserving money and implementing two expansive price increases, Dow saw revenues climb 13% to $15.41 billion in a three-month period this summer.
But sources close to the company said Dow still plans to slash spending through the end of the year, including:
These are solid signs that Dow is buckling down for a hard economic winter. Andrew Liveris, chairman and chief executive of Dow Chemical warned of a global recession that’s not going away anytime soon:
“The global economy is now feeling the full effects of the same economic issues that have plagued the U.S. for the past several quarters. These issues have now been exacerbated by the lack of credit, resulting in a drop in demand not only in the U.S., but around the world. In our view, we will likely see a global recession through most of 2009…”
Dow may be helping themselves stay out of the red, but in many ways by curtailing spending in such drastic amounts, it almost encourages more economic insecurity. Recession is caused by a contraction in spending – and Dow along with other companies that are playing it safe, may be biting their own tail.
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