Category Archives: Finance

Five things you need to know for Tuesday, November 27, 2007

November 27, 2007 – 10:09 am

They said it: Dana Johnson, chief economist for used-to-be-Detroit-based Comerica Bank in forecasting modest 1-2% growth for Michigan's economy in 2008. We'll finally have the sense, after four years of a downturn, we're on a rise again. Roy Williams, on the I don't want it, you take it NFC playoff race: Yeah, we’re in this [...]

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Five things you need to know for Wednesday, November 14, 2007

November 14, 2007 – 11:20 am

Downtown, down the hatch, downriver, downstream - I'm sensing some kind of a theme here...

Quicken Chooses Detroit Yesterday's Detroit News reported that Quicken Loans has chosen to move its headquarters to Detroit:
The move, pending yearlong studies of the former Hudson's site on Woodward and vacant Statler Hotel site, would consolidate at least 4,000 employees in [...]

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Five Things You Need to Know for Tuesday, November 6 2007

November 6, 2007 – 7:35 am

It's an off-year Election Day edition of Five Things You Need to Know about Michigan. Despite the lack of big name offices to decide, there's a lot of the nuts and bolts decisions to make about schools and local government. The Secretary of State reminds you to bring your photo ID to the polls for [...]

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Five things you need to know for Thursday, October 18, 2007

October 18, 2007 – 10:24 am

Welcome to the "We don't need costumes to scare you, we're politicians" edition of Five Things you need to know about Michigan.
Legislation to Repeal Service Tax Introduced
The Freep reports that although the ink is barely dry on the package that averted a governmental shutdown, legislation was introduced yesterday in the Senate to repeal a key [...]

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6% of x? Untangling Michigan's Service Tax

October 11, 2007 – 9:08 am

Half Staff by Apocaplops
UPDATE Oct 25: Carol of ArborLaw.com writes:
I actually have the entire list of services descriptions covered by the law, on my blog at Arborlaw.com. When the law came out, I cross-referenced the NAICS codes (which are incorporated into the new law specifically by reference) with the section numbers from the bill and [...]

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Five things you need to know for Tuesday, October 2, 2007

October 2, 2007 – 9:40 am

Between waiting for the shoes to drop from Lansing, trying to figure out if web site building is going to be taxed under the new service tax and buffing up Absolute Michigan, it's been a busy few days! Be sure to check out home page look and Word of the Week (if you have suggestions [...]

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Shutdown averted … by a service tax

October 1, 2007 – 10:27 am

An appeal to reason by Apocaplops
StateGate seems like it might be nearing its conclusion with an 13th hour deal reached at 4 AM when legislators were apparently too tired to fight anymore. The LSJ reports:
"This budget agreement is the right solution for Michigan," Gov. Jennifer Granholm said in a news release after the vote. "We [...]

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Fingers point, clock ticks, but still the job doesn't get done

September 28, 2007 – 8:56 am

Almost 9 months after the Governor released her proposed budget, she addressed Michigan regarding what pretty much everyone knows - we're still waiting for a budget agreement.

http://www.youtube.com/watch?v=9BChmvnnvpY

Senate Majority Leader Mike Bishop said in his rebuttal that the issues we're facing are not partisan issues and asked the Governor to take the threat of government shutdown [...]

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When things get ugly

September 26, 2007 – 9:22 am

When Things Get Ugly by taterfalls
For the last month, Michigan has been watching the slow-motion train wreck that is our legislature in action as they spin their wheels on a budget deal. Then, two days ago, GM's workers went on strike and it looked like that might be all she wrote for Michigan. Thankfully, the [...]

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The rocks are looming … but will anyone steer this ship of state?

September 13, 2007 – 7:24 am

Rocks off Pyramid Point by Matt Callow
In Bishop's Pawns in the Metro Times, columnist Jack Lessenberry warns that Michigan is heading for a smashup of titanic proportions that will have a huge and devastating effect on your quality of life. Unlike the Federal government, who can pass debt along to taxpayers yet unborn, Michigan is [...]

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