Stateside for Thursday, Jan. 23, 2014
Gov. Rick Snyder has proposed committing up to $350 million of state money to guarantee city of Detroit pension benefits and to keep Detroit Institute of Arts' art off the auction block. On today's show, we spoke to Daniel Howes about what this cash infusion would mean.
And, the recently passed farm bill is cutting Supplemental Nutrition Assistance Program (SNAP) funding by more than $4 billion over the next 10 years. We looked into how this cut will affect people in Michigan who rely on food assistance.
Also, we heard Andy Soper's story of failure from Failure:Lab Grand Rapids.
First on the show, Michigan's unemployment rate dropped to 8.4% last month. That December number brings the state's 2013 average jobless rate to 8.7%.
That's down from 8.9% the year before.
And that means Michigan's annual jobless rate has gone down now for three years in a row.
But are these numbers a good indication of how Michigan's overall economy is faring?
Ballard joined us today to help us answer that question.