Michigan Business, Economy & Tourism

Pages

Auto Insurance
12:53 pm
Fri April 17, 2015

Michigan Senate adopts no-fault overhaul

Credit Timo Newton Syms/Flickr

The Michigan Senate has taken an initial step toward overhauling Michigan’s no-fault auto insurance system.

The legislation would set limits on what hospitals could charge insurance companies. It would also cap what insurers can be charged for in-home care for people severely injured in car accidents.

“The best approach to bringing down insurance rates in Michigan is to get costs out of the system – to get costs out of the system,” said state Senator Joe Hune (R-Fowlerville), who chairs the Senate Insurance Committee,

Read more
Michigan Business & Economy
12:08 pm
Thu April 16, 2015

Michigan jobless rate drops, but not because more companies are hiring

Michigan’s unemployment rate has dropped to 5.6 percent. That’s a reduction of three-tenths of a percentage point, which is a bigger-than-usual adjustment.   

But that decline in the monthly rate is due to a reduction in the workforce, as it’s measured by the US Bureau of Labor Statistics and the state Bureau of Labor Market Information and Strategic Initiatives. Actual month-to-month new hiring was flat, but there were fewer people competing for those jobs.

That didn’t stop Governor Rick Snyder (R) from trumpeting the new jobs numbers in a prepared statement:

Read more
Extreme Winters
11:10 am
Thu April 16, 2015

Michigan wineries could run out of grapes

Mark Johnson at Chanteau Chantal shows the inside of a dead bud on a grapevine. It should be green but was killed by extreme winter cold.
Credit Peter Payette

Vintners in Michigan could have another disaster on their hands this year. Last year, Michigan vineyards produced about one fourth of the grapes grown in a normal season. The results could be about the same this year and that might leave wineries with little in the their cellars.

Read more
Stateside
3:40 pm
Tue April 14, 2015

Detroit is going through a hotel boom

The Eddystone, which will be developed if the plan is approved, and the Park Avenue, which would be torn down.

Originally published on Tue April 14, 2015 5:01 pm

There's a hotel boom happening in downtown Detroit. Once-abandoned buildings are now gleaming new hotels, or will be soon. But will these plans give Detroit too many hotel rooms or not enough? And there have been lengthy discussions over the two hotels near the new Red Wings arena site just north of downtown.

Read more
Northern Michigan
12:50 pm
Mon April 13, 2015

Lack of affordable housing hurts families, business up north

Ground was broken earlier this month for a 36-unit, affordable housing project in Traverse City called Carson Square.
Credit Aaron Selbig

Affordable housing is hard to find up north. If you want a vacation rental for a week, it's not too difficult to find one. But it can be tough to find an apartment or house to rent in the long term, especially if you're lower or middle-income.

And, of course, affordable is a relative term.

Read more

Pages