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The Michigan Messenger going forward

By Staff Report | 11.16.11

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 [...]

Colorado-based abstinence program provided false and misleading information to Michigan students

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By Todd A. Heywood | 11.16.11

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.

Class action lawsuit filed against MERS over unpaid taxes

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By Todd A. Heywood | 11.15.11

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.

Schuette fights important mercury regulations

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By Eartha Jane Melzer | 11.14.11

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.

Posts Tagged Financial Industry

White House, Congress complicit in AIG bonus scandal

By Mike Lillis | 03.19.09 | 7:20 am

After Congress released the second $350 billion in TARP funding, President Obama made sure new rules wouldn’t be so strict that they would scare away the employees of recipient companies.

Solutions to AIG’s bonuses? Death or taxes

By LoRayne Apo-Joynt | 03.17.09 | 8:30 am

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.

Quiet Countrywide bailout serves as warning for Congress

By Mary Kane | 02.10.09 | 8:15 am

Consequences continue from the failed effort to prop up the mortgage giant

For banks, an $80 billion gift

By Mike Lillis | 02.06.09 | 9:50 pm

Treasury overpaid troubled banks under TARP

Treasury proposal has no oversight at all

By Ed Brayton | 09.22.08 | 10:30 pm

As Congress prepares to consider a Bush proposal to establish a $700 billion fund for purchasing toxic mortgage assets, there is one part of that proposal that is profoundly disturbing even if one accepts the idea that the government should be spending hundreds of billions of dollars we don’t have to rescue struggling companies: the [...]

Financial Crisis 101: How we got here

By LoRayne Apo-Joynt | 09.22.08 | 8:57 am

How did we get here? Here’s your road map to our shared economic hell

Bear Stearns in a nutshell: How taxpayers came to bail out a bank

By LoRayne Apo-Joynt | 03.17.08 | 12:00 pm

[COMMENTARY] Congratulations! You and your fellow American citizens just bought a failed investment bank at a fire-sale price overnight! Well, almost. The Federal Reserve agreed to guarantee losses by Bear Stearns if the healthiest U.S. investment bank, J.P. Morgan, would buy Bear Stearns and in turn guarantee its financial contracts. The amount that the Federal [...]