LANSING - Most of Michigan's 15-member U.S. House delegation voted against the $700 billion bailout of financial markets, with U.S. Rep. Thaddeus McCotter (R-Livonia) urging his colleagues to vote for freedom in the choice between "bread and freedom." A total of nine members, six Republicans and three Democrats, voted against the measure - which fell
LANSING - Governor Jennifer Granholm has signed the last of the 2008-09 budget bills, giving her approval to the Department of Transportation $3.9 billion spending plan that had been held up over a contentious dispute regarding a new crossing to Canada over the Detroit River. The move came just days before the start of the
NEW YORK - Shares of technology companies took a beating on Monday as the House of Representatives failed to pass a bailout plan for the financial sector. When the dust settled at the end of the trading day on Monday, the Dow Jones index was down more than 777.68, a record point decline, with the
ANN ARBOR - Ann Arbor SPARK has pushed back the deadline for application to the October Entrepreneur Boot Camp from Sept. 30 to Oct. 3 to expand the pool of folks participating. The next scheduled Entrepreneur Boot Camp will be held at the MITC Building, 1000 Oakbrook Drive, Ann Arbor, on October 29 and 30.
NEW YORK - Stocks staged comeback Tuesday, recovering more than half of Monday's record losses amid widespread hope that a bailout plan for Wall Street will be revived in Congress and in place by week's end. The prospects for government intervention to prop up the U.S. financial system continued to dominate traders' attention Tuesday, although
WASHINGTON DC. - Congressional leaders announced a plan on Sunday to help stabilize American financial markets - including cutting in half the Bush Administration's initial request for $700 billion and requiring Congressional review for any future commitment of taxpayers' funds. If the government loses money, the financial industry will pay back the taxpayers. The plan
LANSING - Michigan Senate Republicans launched an effort Thursday to begin restructuring the Michigan Business Tax, hoping to reduce the burden of that tax and spread it more evenly across the businesses of the state. But that effort began on a sour note with the defeat by the Senate of SJR E to provide a
LANSING - Michigan Ballot Proposal 1, which would legalize the use of marijuana for chronically ill patients under a doctor's care, appears poised for approval by voters in November. Two polls this week showed overwhelming support for Proposal 1. Dianne Byrum, a spokeswoman for the Coalition for Compassionate Care, the grassroots organization that placed the
LANSING - Absent the emergence of a strong opposition group, a proposal to allow legal production and use of marijuana for those with certain diseases should gain easy passage, according to a poll released Wednesday by Marketing Resource Group. MRG said Michigan residents see Republican Vice Presidential Candidate Sarah Palin as a stronger leader than
LANSING - The Strategic Fund Board approved $27 million from the 21st Century Jobs Fund for the creation of the first Centers of Energy Excellence. The funds, all $18.1 million from the current fiscal year and $8.9 million from next fiscal year, went to support three projects around the state. "We just knew this was