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Thu February 10, 2011
In this morning's news...
President Obama will visit Northern Michigan University in Marquette today. He’ll be in the Upper Peninsula to promote his administration’s National Wireless Initiative. The program, first announced during last month’s State of the Union Address, would bring high speed wireless internet access to 98 percent of the nation’s population within five years. The initiative is part of the White House’s new focus on innovation and competitiveness as a way to, “win the future.”
Snyder to Outline Budget Next Week
Governor Rick Snyder will unveil his budget proposal for the fiscal year that begins October 1st, next Thursday, February 17th. The state faces a projected $1.8 billion dollar budget deficit for the next fiscal year. “Snyder says he plans to ask lawmakers to wipe out billions in business tax exemptions… Lt. Gov. Brian Calley told the Holland Chamber of Commerce on Tuesday that the administration is counting on $2 billion from such cuts,” The Associated Press reports.
Profit-Sharing Check Going Out to GM Workers
Some 45,000 General Motors’ workers are expected to receive profit-sharing checks from the automaker. The company will release the amount of the checks soon, Mark Brush reports. It’s being reported the checks will be at least $3000 each. Other automakers are also sharing the wealth: Ford announced profit-sharing checks of more than $5000 and Chrysler is giving its workers $750.