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.
With the Republican presidential hopefuls participating in a debate about jobs and the economy just a few miles from the city of Detroit, it was inevitable that the candidates would be asked about the federal bailout that saved GM and Chrysler — and Mitt Romney in particular.
President Obama spent Labor Day speaking to several thousand union workers at at General Motors’ headquarters at the Renaissance Center in Detroit, calling for an infrastructure project to create more jobs.
The U.S. Treasury Department announced on Thursday that Chrysler had paid off the last remaining government investment in the company, much sooner than anyone expected them to do so.
Republican presidential candidate Mitt Romney, son of legendary Michigan Governor George Romney, came through Michigan on Wednesday on a fundraising trip. But the Michigan Democratic Party questioned why Michigan residents would support Romney after he advocated killing the state’s major industry.
It was announced on Wednesday that the White House expects the federal government to lose $14 billion of the roughly $80 billion it spent in 2009 to rescue GM and Chrysler. Treasury Secretary Timothy Geithner wrote an op-ed in the Washington Post calling that a big success.
Assuming market conditions remain favorable and a bond sale goes well, the new Chrysler — less than two years removed from bankruptcy — says it will have the federal government paid back for loans it made to keep the company afloat by the time August rolls around.
The Congressional Budget Office cut its projections of the loss of taxpayer money from the bailout of the automotive industry nearly in half, in large part due to the highly successful General Motors IPO. The Detroit News reports:
Polls have long showed high public opposition to the federal government’s bailout of GM and Chrysler in late 2008 and 2009, but a new poll for the first time shows that opposition slipping below 50 percent. The Detroit News reports:
The Economic Policy Institute has issued a new report on the Obama administration’s bailout of General Motors and Chrysler in 2009, which extended $50 billion in loans to the two automakers to get them through their managed bankruptcies. The study concludes that taxpayers have gotten and will continue to get enormous benefits from the bailout [...]
A new study by the Center for Automotive Research in Ann Arbor concludes that the bailout of General Motors and Chrysler in 2009, with $85 billion in taxpayer money going to the two companies to help them survive the restructuring process of managed bankruptcies, saved 1.4 million jobs. The Detroit News reports:
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