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.
DETROIT—Days after the Motor City won an award from a national public finance magazine for making a “Deal of the Year” that postponed payment on a $400 million bond, details of a year-late audit reveal what Detroit News reporter David Josar calls a “startling glimpses of how quickly the city is burning through cash, losing [...]
DETROIT — Mayor Dave Bing traveled to Lansing Tuesday morning to urge state lawmakers to introduce and pass legislation that would raise the cap on short-term loans so that the city can borrow enough money to avoid bankruptcy. Because this is Bing’s first meeting with state legislature, he told the Detroit Free Press that much [...]
According to an article on MLive.com, Detroit’s former chief financial officer, Joe Harris, has told WJR-AM 760 that the city could be broke by December. Harris criticized Mayor David Bing for not laying off employees when he took office, a move Harris says would help close the city’s $100 million budget hole. As a result, [...]
Members of Congress and President Barack Obama are clearly as angry as their constituents over the millions of dollars in bonuses awarded to American International Group’s financial products employees, likely paid by injections of taxpayers’ monies since the U.S. government owns a substantive portion of the insurance corporation.
According to The Detroit Free Press, Michigan’s senior Senator Carl Levin is “livid” that Citigroup is buying a brand new $50 million jet for company execs. I can understand why he’s mad: Could the money to purchase the jet be pinched from the $45 billion which Citigroup received from taxpayer “bailout” money? Meanwhile auto execs [...]
We all know these are tough economic times. But things are very bad when you cannot afford to buy toilet paper — and things are really that bad for Detroit Public Schools.
The Big Three automakers are scrambling to approve plans to present to skeptical legislators that will provide a roadmap for how they plan to turn their companies around and make them profitable again if the government provides help to get them through the difficult times. Reuters reports:
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:
Gen. Wesley Clark, former supreme allied commander of NATO, had an op-ed in the New York Times this weekend arguing that saving the Big Three automakers is not just a matter of economic necessity, but one of national security:
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