Michael Elliot slipped out of the Ionia Correctional Facility last February 2 by crawling under fences during a heavy snowfall. He wore white clothes to blend into the snow. He was captured about 24 hours later in Indiana.
Former U.S. Treasury Secretary Henry Paulson says foreign investment and immigration will be critical to turning around Michigan’s economy.
The former aide to President George W. Bush spoke before the Detroit Economic Club (DEC) Monday afternoon with Gov. Rick Snyder.
“Make Michigan attractive for investment, period. OK? Make it attractive,” said Paulson.
He says Michigan should especially look to China to help boost the state’s economy. He says many Chinese businesses are looking to expand overseas, and Michigan needs to make it clear they are welcome.
The top Democrat in the state House says a road funding solution will probably have to wait until after the November election.
State House Minority Leader Tim Greimel says too many lawmakers are not willing to make the tough vote until they’re past their reelection bids. That’s because boosting infrastructure spending by more than a billion dollars a year would likely mean raising taxes to pay for it.
“I think there’s a very high likelihood that it doesn’t occur until lame duck, unfortunately,” said Greimel, D-Auburn Hills, on an appearance over the weekend on the Michigan Public Television program Off the Record.
More and more students in Michigan are taking five or more years to finish college and get their degrees. Ron French from Bridge Magazine has been researching this for his new article, and he talked about the trend today on Stateside. French said nationally, 31% of students earn a bachelor’s degree in four years. In Michigan, 12 of the 15 public universities are below that average.
Staying in school longer is more expensive, as extra semesters add cost. French said the fifth and sixth years are usually the most expensive, because financial aid dries up after eight semesters.
“Student debt nationally is over $1 trillion now,” said French.