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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 Henry Paulson

For banks, an $80 billion gift

By Mike Lillis | 02.06.09 | 9:50 pm

Treasury overpaid troubled banks under TARP

No “car czar” in Bush bailout plan

By Ed Brayton | 12.22.08 | 8:53 am

Though the auto bailout plan that passed the House of Representatives included the appointment of a “car czar” to oversee the restructuring of the auto industry and ensure that the funds were being used legitimately, the bailout plan that the Bush administration put together does not create such a position:

Changes in bank bailout plan avoids executive salary restrictions

By Ed Brayton | 12.16.08 | 9:16 am

A Washington Post article provokes a rather disturbing thought. Remember all that talk during debate over the TARP bailout plan for banks about safeguards that prevented executives in companies that we bail out from getting golden parachutes or making outlandish salaries? It’s something both parties seemed to agree on and they allegedly took steps to [...]

Lawmakers bombarded with bailout concerns, McCotter declares opposition

By Eartha Jane Melzer | 09.26.08 | 3:38 pm

Constituents are chiming in on U.S. Treasury Secretary Henry Paulson’s proposal to spend $700 billion to bail out Wall Street. Bloomberg.com reported yesterday that Democratic Rep. Bart Stupak of Michigan has received at least 300 calls and 100 emails from people asking why the government will help businessmen who have run their companies into the ground.

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

Bailout, or the biggest bank heist in history underway?

By LoRayne Apo-Joynt | 09.21.08 | 2:35 pm

We’re all hearing a lot this weekend about the proposed bailout of the financial industry now being negotiated. The initial cost of the bailout, consisting of a government-created entity to retain bad debts like a massive toxic waste collection pond, is somewhere between $700 to $800 billion. As in, somewhat less than a trillion with [...]

Conservatives looking decidely socialist as AIG and market flounder

By LoRayne Apo-Joynt | 09.16.08 | 11:48 am

You know there’s been a profound sea change in the American economy when CNBC’s Larry Kudlow sounds like a bloody socialist, allowing room for taxpayers to bail out American International Group (NYSE:AIG) with short-term bridge loans. This, on the heels of Lehman Brother’s (NYSE:LEH) slow-motion bankruptcy declaration, threatened since investment bank Bear Stearns bit it [...]