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Mon December 5, 2011
In this morning's news...
Extension of unemployment benefits
Congress might debate whether to extend unemployment benefits this week. It's a decision that could impact tens of thousands of Michigan residents.
From the Detroit Free Press:
Unless Congress acts to continue extended unemployment benefits, it could be a grim holiday season for nearly 160,000 Michiganders.
An end to the extended benefits would immediately impact 61,000 state residents who are getting this federal aid after exhausting their 26 weeks of state-funded assistance.
Another 98,743 people who are receiving state benefits would no longer get additional help if they are still jobless after 26 weeks.
Experts worry about future of U.S. battery manufacturing
Some experts worry about the longevity of battery manufacturing in the U.S. In Michigan, battery manufacturing is seen as a new economy in the state. The companies have enjoyed investments from private and government entities. But can this type of green manufacturing compete? The Wall Street Journal reports on the current state of some battery manufacturers:
So far, the results have been disappointing. Some high-profile battery makers have stumbled, burdened by high manufacturing costs, strong competition from Asian rivals and a slower-than-expected rollout of electric vehicles. Now the companies are responding by cutting costs, scaling back production and trying to tap other markets, such as large-scale storage for the electricity grid.
State plans to consolidate office space for workers
State officials are hoping to save money by moving workers out of leased offices and into state-owned buildings. According to the Detroit Free Press:
In the last 10 years, the state has shed close to 20% of its workers, but hasn't made similar reductions in its office space. What's more, use of laptops, cell phones and other mobile technology means far fewer state employees need their own office space.
The paper reports leases cost the state around $90 million a year.