Mention the phrase 'stock exchange' to most people and they’ll likely visualize Wall Street, the home of the New York stock exchange, the world’s biggest. However, smaller, regional stock exchanges are nothing new. A proposal to allow local stock exchanges in Michigan was recently filed in the state legislature. The aim is to allow citizens to invest in small, promising Michigan companies that may not qualify for a larger exchange.
Attempts to reform flood insurance in America are having serious repercussions. Homebuyers, sellers and others across the country are being slammed with soaring increases in the cost of flood insurance.
Governor Rick Snyder unveiled his budget for the 2015 fiscal year yesterday. Overall, the plan increases state gross spending by 2% over this year's budget, with increases in education and educator pensions, the rainy day fund, roads, and many more.