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A new report paints a dim picture of the bridges that many Michigan motorists use every day.

The Michigan Department of Transportation says one in four of Michigan’s 44 hundred bridges are either "structurally deficient" or "functionally obsolete"

Department spokesman Bill Schreck says despite millions of federal stimulus dollars spent in the past year on road improvements in Michigan problem bridges are still in need of repair. 

Michigan’s home foreclosure rate has stabilized, but is still much higher than the national rate. One out of every 98 homes in the state is in the foreclosure process.

Daren Bloomquist is a spokeman for RealtyTrac, a company that tracks foreclosures.

“In Michigan I would say the number one issue is unemployment. It's still there and so that's still pushing people into foreclosure. Until we solve that problem, you're still going to see an elevated level of foreclosures in Michigan," Bloomquist said.

Chevy Volt's plug receptacle
Charles Manley / Michigan Radio

Senator Carl Levin wants to scrap the government's Corporate Average Fuel Economy (CAFE) standard. Auto manufacturers must meet these fuel economy standards for their fleets, or face penalties from the government.

The Obama Administration recently updated the standards.  By 2020, automakers will have to reach an average 35.5 mpg for their combined car and truck fleet.

GM Renaissance Center in Detroit
Steve Carmody / Michigan Radio

General Motors (or should I say General Motors Holding Company) is planning to hold a public stock sale in mid-November. It will be the first since the world's largest company emerged from chapter 11 bankruptcy reorganization last year.

General Motors Holding Company emerged as the wheat. Motors Liquidation Company emerged as the chaff.

Inside the Chevy Volt electric vehicle
Charles Manley / Michigan Radio

The Chevy Volt got one step closer to the showrooms this week. The electric vehicle was unveiled to the media.

According to new data released today by the U.S. Census Bureau, 14% of people in Michigan last year lived in poverty.  As the Detroit News reports that is, "the highest for the state since it hit 14.1 percent in 1994.'' Nationally, in 2009, the poverty rate was 14.3%.  That means 1 in 7 people, or 43.6 million Americans, lived in poverty last year.

Michigan's jobless rate remained steady from July to August.  The state umployment rate was 13.1%   The nation's August unemployment rate was 9.6%, up from 9.5% in July.  Michigan has the nation's second highest jobless rate.  Nevada has the highest.

Map of Michigan showing participation in the food stamp program per capita
Image from Food Stamp Program Map Machine / USDA/ERS

Nearly 1.9 million people in Michigan are getting some form of public assistance. That's a new record according to a report from the Michigan Public Radio Network's Rick Pluta.

Pluta talked with Sharon Parks of the Michigan League for Human Services.  Parks says the growing number of people applying for the cash assistance program concerns her most.

Cover of the report Executive Excess 2010: CEO Pay and the Great Recession
IPS

A report from the Institute for Policy Studies looked at CEO compensation from the 50 companies that layed off more workers during the recession. They found the CEOs at these companies are paid more, on average, than the average pay for the CEOs running to top 500 companies in the U.S. (S&P 500).

Sarah Anderson is the lead author of the report.  She says,

"CEOs are squeezing workers to boost short-term profits and fatten their own paychecks."  

help wanted sign
kandyjaxx/creative commons

The unemployment picture in Michigan is still bad. It stands at 13.1% now. The worst it's been since the early 1980's.

Now, a new report by the Michigan League for Human Services puts the long-term unemployment picture into perspective.  In 2000, people unemployed for more than 26 weeks, accounted for 6.5% of the total number of unemployed. Today, the long-term unemployed account for 40.8% of the unemployed.

The report says,

Ford's River Rouge Plant in Michigan
Rob Goodspeed / Creative Commons

The Mackinac Center for Public Policy posted a story about job growth in Michigan. James Hohman cited stats from the Bureau of Labor Statistics that showed Michigan posted 27,800 new jobs for July.  More than any other state in the country. Hohman writes:

Developers in Benton Harbor hope a new resort and Jack Nicklaus signature golf course will improve the economically depressed city. But plans call for three of the golf holes to be built inside Jean Klock Park, next to Lake Michigan beachfront. Activists hoping to save the park have sued in federal court, but construction at the park is underway. Officials with Harbor Shores Redevelopment say they are not building the golf course holes, but instead are working on park improvements as part of a lease agreement with the city.

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