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Economy
10:53 am
Tue February 22, 2011

Middle East unrest may be felt in higher gasoline prices this summer

Credit (photo by Steve Carmody/Michigan Radio)
Fill 'er up?

Unrest in the Middle East may soon affect gasoline prices in Michigan. Crude oil prices are approaching one hundred dollars a barrel, which is expected to increase the cost of gasoline globally.

Nancy Cain is with AAA Michigan.   She says it’s too soon to predict whether or not the price for a gallon of regular unleaded will reach four dollars, like it did two years ago.

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film incentives
7:49 pm
Mon February 21, 2011

Study looks at Michigan film incentives

Credit Andrew McFarlane / Creative Commons
People wait for tickets during Traverse City's film festival.

A new study shows Michigan’s tax incentives for the TV and film industry generated close to 4,000 fulltime jobs last year with an average salary of $53,700.  

Larry Alexander is President & CEO of the Detroit Metro Convention & Visitors Bureau, one of several bureaus across the state that helped commission the study.

“Diversifying Michigan’s economy by investing $84.7 million- and generating over a half a billion dollars of economic activity and nearly 4,000 high paying jobs- sounds like a pretty good deal to us.”

Rick Hert heads the West Michigan Film Office. He says talk about limiting the film incentives in the past reached Hollywood and caused some producers decide not to come to Michigan.

 “This is much bigger. This is a new governor of the state of Michigan and his comments are doing more than reverberating, they’re putting a clamp on the future of this industry.”

Hert is thankful the governor didn’t totally remove the incentives, but worries they’ll be too limited to keep attracting producers.

Hert says he understands the state is broke and that legislators have some tough calls to make.

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Auto/Economy
11:32 am
Mon February 21, 2011

A small car gets big results for global safety

Ford's global small car, the Ford Fiesta, has received the equivalent of a five-star safety rating in virtually all the regions of the world in which it is sold - China, New Zealand, Australia, Europe, and the United States.   The subcompact car also received a "Top Safety Pick" award from the Insurance Institute for Highway Safety, which nonetheless warns drivers that in general, larger vehicles are safer vehicles.   

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Auto/Economy
5:20 pm
Fri February 18, 2011

Wayne State to offer energy storage courses this fall

Credit Sarah Hulett / Michigan Radio

Wayne State University will offer certificate programs in advanced energy storage. Courses will focus on things like electric vehicle batteries, and updating the electric grid to handle electric vehicle charging.

Jay Baron is the president of the Center for Automotive Research. He says the car industry is clamoring for engineers with those skills:

"When you speak to any of the auto companies, they will tell you: if you’ve got a field of study that has the term 'battery' or 'energy storage' in it, you’ve piqued the interest. My daughter is looking for a job, and I’ve told her if there’s any way she can get 'battery' into the title of her degree, she’d do much better."

Baron says several universities are retooling their engineering programs to incorporate more battery-related course offerings.

But he says there are lingering questions about the long-term viability of the electric vehicle market.

Economy
4:52 pm
Fri February 18, 2011

Borders Books liquidation sale begins Saturday at closing stores

Credit (photo by Steve Carmody/Michigan Radio)
A look inside a Borders Bookstore

The company handling the liquidation sales at some 200 Borders Books stores announced today the sales will begin Saturday.   Hilco Merchant Resources of Chicago issued a press release saying the liquidation will begin with 20 to 40% on all merchandize with some exceptions. Over $350 million of inventory including books, magazines, music and movie media, calendars, posters and more will be liquidated.  

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Economy
4:14 pm
Fri February 18, 2011

State Senate approves bill giving control over Sunday AM liquor sales to local governments

Credit (photo by Steve Carmody/Michigan Radio)

The state Senate approved a measure this week that would allow local governments to once again prohibit Sunday morning liquor sales. 

The measure would allow local governments to opt out of the Sunday morning liquor law approved by the Legislature late last year. Lawmakers who sponsored the new measure say the opt-out was always supposed to be included in the original package, but was accidentally left out because it was slapped together and approved during hasty lame-duck negotiations. 

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Auto/Economy
3:11 pm
Fri February 18, 2011

Power and Performance: A Changing Gears Special Program

Credit Di Bedard / Flickr

The Changing Gears special program "Power and Performance" examines the roles of leadership and the economic fortunes of three Midwestern cities: Cleveland, Chicago and Detroit.

Can a strong mayor change a city by sheer will? Is quiet determination a better course of action? What difference has the quality of leadership made across the Great Lakes?

The show, hosted by Mike McIntyre, takes a look at how these cities are adapting to face new issues and also examine what problems they have that resist easy solutions.

Economy
9:12 am
Thu February 17, 2011

Borders: What's Next?

Credit (photo by Steve Carmody/Michigan Radio)
Books sit on the shelf in a Borders bookstore

Borders Books’ successful trip through bankruptcy is contingent on deals with publishers.    Borders filed for bankruptcy protection Wednesday. 

Court documents show the Ann Arbor-based bookseller owes more than $150 million to 7 publishers, including Simon & Shuster, Random House and Penguin.    Borders has also been delaying payments to publishers since December. 

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