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.
The Ford family’s fortune, much of it tied up in stock in their own company, has taken an enormous hit over the last few years. The Washington Post reports that the losses for the family due to the plummeting value of Ford stock are staggering:
The Ford family is paying a heavy price to maintain its controlling stake in the automaker. In less than seven months, the family has lost $533 million on the special shares that give it 40 percent of the voting rights in the company.
Its holdings in those shares are now worth about $89 million, down from more than $2.5 billion less than a decade ago.
The article does note, however, that the Ford company is in better financial shape than GM or Chrysler. Because they mortgaged most of their assets and sold off some of their European brands like Aston Martin and Jaguar, Ford has a total liquidity of about $30 billion, enough for them to survive the next year if they make cuts.
GM, on the other hand, has not mortgaged its assets and therefore has much less liquidity; they say they’ll be out of money in a matter of weeks if they do not get an infusion of cash from the federal government.
Do you know where to vote on Election Day? Do you know what to bring with you? Get comprehensive voter information for your state here.
Sign up for our email newsletter