DETROIT ? Tom Murphy, the former mayor of Pittsburgh, said there are a lot of parallels between the Steel city and Detroit, both from where they came from and where they are headed ? towards the new normal. When the United States comes out of recession this time ? and some noted economists say were
LANSING - A deal to give state economic development officials more tax credits to offer this year in exchange for greater transparency in how many jobs those credits create neared completion Thursday. The Senate gave final approval to three bills that would require that the Department of Treasury provide legislative leaders with information on the
ANN ARBOR ? Michigan businessman Rick Snyder, one of several Republican candidates running for Michigan Governor, says he is using his high-tech background to "leverage technology better than President Obama did in the 2008 elections." Snyder, who is running in the Republican primary in August 2010, has created Rick?s Innovation Network ? an open source
WASHINGTON - The Senate Finance Committee Tuesday approved its health-overhaul measure, pushing a revamp of the U.S.'s health-care system closer to reality than it has been in decades. The vote was 14-9, with Sen. Olympia Snowe of Maine the only Republican to join the 13 Democrats on the panel. Snowe indicated earlier in the day
LANSING - Already nearly halfway through a one-month continuation budget, Gov. Jennifer Granholm and Senate Majority Leader Mike Bishop will meet Wednesday in an effort to resolve a stalemate on six critical budget bills. The six bills have passed both houses of the Legislature in identical form and ordinarily would have been sent to Granholm,
LANSING - Funding priorities such as the Michigan Promise Grant are so critical that Gov. Jennifer Granholm said Monday she is prepared to veto other areas of the budget to help free up funding to cover those priorities if the Legislature will not approve new revenues. In a press conference, Granholm would not detail what
LANSING - The presence of federal stimulus money in Michigan created or saved almost 20,000 jobs, mostly in education, according to a report the state submitted to the federal government that was released Monday. The figures reflect the impact of $620.5 million of the $2.1 billion in total state spending of stimulus funds in Michigan
BURLINGAME, Calif. - Big Silicon Valley names like Vinod Khosla and Marc Andreessen managed to raise cash for new venture-capital funds in the just-ended third quarter. Lots of other aspiring dealmakers, though, were out of luck, raising more questions about the long-term health of the Venture Capital industry. VCs managed to raise just 17 new
LANSING - A plan by Michigan Senate Republicans to create $300 million in new revenue for the current fiscal year in exchange for phasing out the surcharge on the Michigan Business Tax will add to the state's structural deficit in the long run, said Craig Thiel with the Citizens Research Council. The proposal calls for
LANSING - There will be plenty of energy to meet Michigan's needs this winter because electric use is expected to fall 4.3 percent for the year and natural gas could fall 10.1 percent, the Public Service Commission said in its annual energy appraisal released Friday. Some of the use and cost reductions are based on