ANN ARBOR - In 2010, the production, sales, service and use of the automobile contributed $91.5 billion to state government tax revenues and at least $43 billion to federal government tax revenues contends a new study by the Center for Automotive Research. ?The automotive industry accounts for 13 percent of all state government tax revenues,?
WASHINGTON D.C. - Foreign spies have become much more common in America's higher education institutions over the last five years, reports Bloomberg. The FBI says many of them are Chinese nationals. The end of the Cold War did a lot to deepen international scientific collaboration, prompting universities to broaden their global activities. Students on American
LANSING - A poll released Thursday shows voters overwhelmingly oppose eliminating or significantly changing the personal property tax, and if the Legislature does so, a majority of voters would support a constitutional amendment to guarantee full replacement of the revenue it generates. EPIC-MRA conducted the poll on behalf of the Replace Don't Erase coalition, which
LANSING - Agriculture contributed $91.4 billion and 923,497 jobs to the state's economy in 2010, according to a report released Wednesday by the Michigan State University Product Center. But most of both the economic benefit and the jobs come after products leave the farm, the study showed. The overall numbers showed the sector is growing,
FARMINGTON HILLS - A new study says the Brazil, Russia, India and China nations have increased their lending to businesses by double digits since the collapse in 2008 of Lehman Brothers while the United States and many European economies have seen lending fall by double digits, threatening their economic recovery. Research from UHY, the international
STAMFORD - Worldwide PC shipments totaled 89 million units in the first quarter of 2012, a 1.9 percent increase from the first quarter of 2011, when shipments reached 87.3 million units, according to preliminary results by Gartner. These results exceed Gartner's earlier projections of a 1.2 percent decline for the quarter. "The results were mixed
ANN ARBOR ? University of Michigan economists issued a mid-year report that said the Michigan economy is beginning its third year of recovery after exiting a debilitating recession at the end of 2009. But revised data shows the recovery has been a little stronger than initially thought - a gain of 121,600 jobs over the
WASHINGTON D.C. - The nation's major wireless providers have agreed to a deal with the U.S. government to build a central database of stolen cellphones, what the Wall Street Journal called part of a broad effort to tame an explosion of thefts nationwide. The database, which the wireless companies will build and maintain, will be
ANN ARBOR - Every financier, venture capitalist, investor, consultant, banker, and successful entrepreneur talks about managing cash flow, the lifeblood of any old and new enterprise. But few people know or adequately explain what it is, why it is important, how to manage it through ups and downs. Many entrepreneurs also do not realize that
WASHINGTON D.C. - President Obama signed a bill Thursday designed to encourage investment in start-up businesses - expanding "crowd funding" to even more start-ups and small business. "I've always said that the true engine of job creation in this country is the private sector, not the government," Obama said during a signing ceremony in the