Topic: Detroit

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The Vote Michigan 'right to work' law: Worse for unions than Wisconsin setback? (+video)

Wisconsin revoked collective bargaining for most public-sector unions, a slap to the labor movement. Michigan's bid to become a 'right to work' state is an even bigger blow to unions.
Why union protests won't stop Michigan's new 'right-to-work' law

Some 10,000 protesters are expected to turn out Tuesday. But Michigan is likely to become the 24th "right-to-work" state because Republicans have majorities in the legislature.
Are moves to add jobs to US factory floors a harbinger, or outliers?

Apple, Lenovo, LG Chem, and now Daimler AG have all recently said they plan to add manufacturing jobs in the US. President Obama hopes it's a sign of the times, but economists say it's, at best, a nascent trend.
Feds: Detroit Mayor Kwame Kilpatrick's dad deposited $605K in cash

Rowena Schuch of the Internal Revenue Service says she doesn't know the source of Bernard Kilpatrick's cash.
Sandy's silver lining? Superstorm boosts US auto sales in Nov.

Toyota, Volkswagen and Chrysler were among the companies posting impressive increases for November, which is normally a lackluster month because of colder weather and holiday distractions.
Could China overtake US as global trader?

A special report by the Associated Press examines China's influence with its trading partners over three decades, and how business, politics, and daily life are changing with China's rise as a global player.
Energy Voices Hidden factor behind brighter US energy outlook

One big reason the US will become nearly energy self-sufficient by 2035 is increased energy efficiency, says Fatih Birol, chief economist at the International Energy Agency. Aggressive energy efficiency policies could yield even bigger gains.
Detroit City Is the Place to Be

Mark Binelli offers a sharp, sad, insightful look at Detroit – a city so lost that it has made failure chic.
Home prices on the rise: why that is good for US economy

Nationwide, home prices rose 3.6 percent in the third quarter compared with the same period in 2011, new data show. The jump points to a broad recovery in the long-sluggish housing market.
Texas highway pileup: time to slow the ‘super truckers’ down?

Thick Texas fog played into the massive 140-car Thanksgiving pileup in Texas that killed 2 people and injured 80, but a lingering question is whether a lower Texas speed limit could curb highway bravado by motorists and professional drivers alike.
Will Detroit run out of cash?

On Tuesday, Detroit's city council rejected a contract from a law firm that would have helped the city with its finances. The rejection means the city did not receive the $10 million dollars it was expected to receive on Tuesday.
Decoder Wire Behind GOP critiques of Romney, jockeying for 2016 has begun (+video)

Gov. Bobby Jindal's curt rejoinder to Mitt Romney's comments that President Obama won because of 'gifts' to key constituencies could position him as the GOP's 'big tent' candidate in 2016.
In Gear Suzuki cars leave the US. So should you buy one?

Suzuki recently announced it will stop selling cars in the US, and now there are bargains galore on new Suzuki models. But are there any drawbacks to buying a car from a defunct automaker?
Decoder Wire Election's No. 2 loser was Karl Rove, and Democrats are openly gleeful (+video)

For all the criticism being heaped on Mitt Romney, GOP strategist Karl Rove is getting nearly as much. Will Rove's reputation as 'mastermind' strategist be permanently damaged?
Horizons Could Apple-supplier Foxconn open a plant in the US?

A new report alleges that Foxconn, the Taiwanese tech manufacturer that builds parts for Apple iPads and iPhones, is eyeing the US.
Voting-machine glitches: How bad was it on Election Day around the country?

Long lines were created at polling places around the country because of a broad spectrum of voting-machine glitches on Election Day.
Jeep not moving to China, Mr. Romney

Jeep is not moving to China and out of the United States, Chrysler executives reaffirmed Tuesday after it became an issue in the US presidential campaign. Mitt Romney said that Chrysler was thinking about moving all Jeep production from Ohio to China during a rally last week.
Hurricane Sandy: Economy should bounce back analysts say

Though hurricane Sandy will impact dozens of industries and cause billions in damages, experts say the economy should recover quickly with reconstruction after the storm.
Hurricane Sandy to cost billions. Will the economy stand?

Hurricane Sandy is causing disruptions for companies, travelers and consumers. But for the overall economy, damage from Hurricane Sandy will likely be limited. Economists estimate the damage will cost between $10 billion and $20 billion.
Alex Cross: Why the movie doesn't measure up

The latest Alex Cross movie falls short when compared to James Patterson's 12th Alex Cross crime novel. And Tyler Perry is no match on the big screen for Morgan Freeman as Alex Cross.
Decoder Wire Presidential debate 101: Did Mitt Romney want Detroit to go bankrupt?

Mitt Romney said in the presidential debate that, in effect, Obama followed his plan in calling for Detroit automakers to go bankrupt. But there's a key difference: At the height of the fiscal crisis In 2008, commercial lending was dead, hence the need for government funding.
Energy Voices Debate fact check: Romney stumbles on energy

In Tuesday's presidential debate, energy and energy policy came up repeatedly. At several points, Mitt Romney was right on energy facts but wrong on the context.
The Vote Viewing the Romney-Obama debate in battleground Ohio: a tribal experience

There's much cheering and a close watch on social media as two partisan crowds in Ohio, a state that could swing the election, track the ebb and flow of momentum in Tuesday's presidential debate.
Change Agent Natives join 'hipsters' in reviving Detroit

A burst of youthful energy – from native Detroiters and new immigrants – debunks the opinion that nothing can be done to jumpstart the Motor City.
Morgan Stanley faces ACLU discrimination lawsuit

Morgan Stanley is being accused of discriminating against black homeowners and violating federal civil rights laws in a lawsuit filed by the ACLU. Morgan Stanley calls the allegations 'completely without merit.'