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 U.S. Department of the Treasury said on Tuesday that it was reducing its projected loss to taxpayers from the bailout of the auto industry in 2009 by 25 percent compared to previous projections. The Detroit News reports:
Treasury Secretary Timothy Geithner, in a discussion with reporters put together by the Christian Science Monitor, defended President Obama’s auto taskforce and the $85 billion bailout of GM and Chrysler, saying it was necessary to prevent a total collapse of the American auto industry and that it will pay off as the companies return to [...]
The Detroit Free Press has a report on their own independent analysis of the auto bailout, which concludes that the government could end up getting more of its investment back than anticipated. The findings:
General Motors, newly restructured after bankruptcy proceedings last year, announced on Monday its first quarterly profit since the second quarter of 2007, earning $865 million in the first three months of the year. Automotive News reports:
A new study from the General Accounting Office of the federal government concludes that the government should be able to get most of the money loaned to General Motors, Chrysler and other automobile companies back by selling off the public’s stake received in exchange for those loans. The Detroit Free Press reports:
Former Massachusetts Gov. Mitt Romney, preparing for another presidential run in 2012 after finishing 2nd to John McCain in the Republican primary in 2008, has a new book coming out that accuses the White House of micromanaging business decisions made by General Motors now that the government owns a significant portion of stock in the [...]
Mitt Romney, former governor of Massachusetts and son of former Michigan Governor (and president of American Motors) George Romney, continues to flip all over the place trying to find a coherent position on the auto industry meltdown, what Obama did to stop and what he would have done if he had been elected president. During [...]
The Detroit News has an article assessing how the policies of the Obama administration have affected the state of Michigan, particularly on economic questions. The opinion of the experts they cite suggests that without those policies, the auto bailout in particular, Michigan’s economic situation would be infinitely worse:
The Obama administration expects not to recover about one-third of the more than $80 billion the federal government invested in saving Chrysler and General Motors from going through a liquidation bankruptcy. The Detroit News reports:
Treasury Secretary Timothy Geithner responded Wednesday afternoon to a pessimistic report by the Congressional Oversight Panel, which concluded that it was highly unlikely that the federal government would be able to recover the full $74 billion in taxpayer-funded loans given to the auto industry over the last year.
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