Michigan need only look to Kansas to see the fallacy of believing that massive tax cuts will lead to an explosion of economic activity.
economy
Posted inBrunch with Bridge
Guest column: Even in a beleaguered economy, culture affects success
PUT A RING ON IT: Michigan’s economic problems are well-known, but children raised in intact homes can still rise succeed in hard times. (Photo by Flickr user Anthony Kelly; used under Creative Commons license) By Jeffrey Polet The New York Times recently published a comprehensive article on income mobility. The data clearly indicate that income […]
Posted inLand O Links
Land O Links
* A new analysis by the Senate Fiscal Agency says, “During 2013, both the U.S. and Michigan economies are expected to expand at a slightly slower rate than during 2012. Both the U.S. and Michigan economies are forecast to exhibit both income and employment growth during 2013, although Michigan is expected to grow more slowly […]
Posted inBusiness Watch
Michigan metros see income boost
Personal income rose in 2011 in all of the nation’s 366 metropolitan statistical areas for the first time since 2007, according to estimates released by the U.S. Bureau of Economic Analysis. When adjusted for inflation, however, 44 metros actually experienced income loss. Leading the pack were the Odessa and Midland metros, both in Texas, showing […]
Posted inPeter Luke: Eye on the Capitol
Gov. Rick Snyder misses big opportunities in 2011-12
Determined to measure their work against the bipartisan legislative train wrecks of past years, Republicans who run the Legislature are pretty close to their goal of closing up shop for the summer by the end of the week (June 1). That’s three weeks ahead of last year when they overhauled the business tax code and […]
Posted inBusiness Watch
Good for GM, good for social conservatives
General Motors says it had a record annual profit in 2011 of $7.6 billion, up 62 percent from the previous year. Since we are hip deep in a political campaign, it seems reasonable to ask: Who gets the credit for it? In practical terms, GM’s improvement benefits anyone who now holds political office in Lansing […]
Posted inBusiness Watch
Michigan job forecast bright – for 2030
The Michigan economy is recovering. For those of you with weak hearts, let’s leave it at that. Spend a few minutes watching a kitten stuck in a hamster ball. For those of you still here: the economy is recovering slowly. Just how slowly? I could show you a chart, but this will give you a […]
Posted inTalent & Education
The 44-cent solution
What can you buy with 44 cents? You can get one postage stamp, at least for the next 12 days, when the cost of mailing a letter jumps to 45 cents. You could buy an eighth of a gallon of gas. Or you could help turn around the state’s economy. Michigan families pay more to […]
Posted inChildren & Families
Food stamps returning for some needy families
Thousands of Michigan families who were expected to lose food stamps will now keep the assistance or get it back next week. How many families? No one knows. Which families? No one knows that either. The Department of Human Services, which was very efficient at removing families from food stamps in October, is struggling to […]
Posted inBusiness Watch
The Big Flush: $180 billion vanishes from Michigan
Michigan home- and business owners have lost an astounding $180 billion from the value of their properties over the past four years — the result of auto company bankruptcies, a severe national recession and the worst state economy in more than 70 years — according to an analysis of state data by Bridge Magazine. Adjusted […]
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