Oakland County questions ‘aerotropolis’ bill package 3:10 p.m., Wed - Oakland County is raising questions about incentive legislation under discussion in Lansing that would pave the way for the new “aerotropolis” economic development project involving Detroit Metropolitan Airport and Willow Run Airport.[FREE]
State unemployment highest since 1992 1:21 p.m., Wed - Michigan’s unemployment rate climbed from 8.7 percent to 9.3 percent in October, the state’s highest monthly level since July 1992.[FREE]
THIS JUST IN: Unemployment taxes will go up for some employers ALSO: Olson must pay costs for Bahamas deposition, BondDesk Group moves, 2 local contractors told to stop military vehicle work, EMU to begin work on new science complex, Survey: Chaldean-American young adults are staying[$]
Region braces for car crash; State, business get ready to cope Economic woes facing the Detroit 3 automakers have Southeast Michigan bracing itself for losses on many fronts — jobs, personal income, revenue for industry, from taxes and, perhaps, a sense of identity.[FREE]
Credit: 'Next year is a washout' Patrick O'Keefe, president and managing partner of the Bloomfield Hills-based turnaround and debt-restructuring firm of O'Keefe & Associates L.L.C., describes himself as an optimist.[FREE]
Ilitch casino gets exemption Marian Ilitch has won an exemption from the Michigan Gaming Board and now can use Ilitch-owned Olympia Entertainment to do bookings for the new theater at MotorCity Casino, despite a law prohibiting casinos from using vendors in which they have an ownership interest.[$]
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Nowhere to go but up? An overwhelming 96 percent of respondents in a new survey of 300 Crain's Detroit Business subscribers say they are dissatisfied with Michigan's economy, and 87 percent say the state's financial plight is their biggest obstacle to recruiting new talent from elsewhere.[FREE]
Competing rail plans likely to wind up on same track The parallel efforts — one public and one fiercely private — to bring light rail to Detroit's Woodward Avenue as the backbone of a regional mass transit system are expected to become a single plan in 2009.[FREE]
Stem cell research adds to optimism, growth of tech sector The state's biotech community is still euphoric in the wake of the passage of Proposal 2, which amended the state constitution to remove most restrictions against embryonic stem cell research.[FREE]
Outlook panel: Gloomy 2009, 'rays of hope' in 2010 The U.S. economy, state and local government, and the banking and auto industries were treated to short-term gloom-and-doom prognostication by speakers at Crain's Outlook 2009 Economic Forecast Wednesday at the Westin Book Cadillac in Detroit.[FREE]
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