LANSING - Whether it's increased demand on government services during hard times or the way tax collections fall that may delay when personnel changes are made, government jobs have been more stable than private sector positions across Michigan since the official start of the national recession, according to a new report by the Citizens Research
LANSING - School aid payments went out Tuesday as scheduled, but Gov. Jennifer Granholm cut $54 million and said more cuts, or more revenues, will be needed to bring the budget into balance. Granholm urged quick legislative action to cure the remaining shortfall in the budget, which she said could reach $264 million. "Our schools
BERLIN - General Motors Co.'s planned sale of Opel to Magna International Inc. was thrown into doubt late Friday after European Union regulators expressed concerns over Germany's offer to support the deal with Euro 4.5 billion ($6.72 billion) in state aid. Germany made its financing offer contingent on Magna's winning the bidding for the European
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
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,
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
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