money

Business
1:25 pm
Tue March 18, 2014

Michigan Legislature considers state stock exchange

For 70 years, until the mid 1970’s, Detroit had its own stock exchange. It’s credited with speeding the growth of General Motors and dozens of other Michigan companies.
Credit Flickr - Thomas Hawk

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.

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Radio Made in Michigan
12:41 pm
Fri September 6, 2013

'Moo Cluck Moo' bucks wage trend at $12 per hour

'Moo Cluck Moo' in Dearborn Heights starts its employees at $12 per hour. It's not precisely a living wage, but significantly higher than Michigan's minimum wage, which is $7.40 per hour.
Credit WKAR File Photo

Last week, thousands of fast food restaurant employees across the country walked out of their kitchens and into the streets to demand a living wage. They were demanding their companies pay them $15 per hour...well above the national average.  There were protests in several Michigan cities, including Detroit, Flint and Lansing.

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Radio Made in Michigan
1:45 pm
Thu April 11, 2013

Michigan Treasury Department responds to criticism over tax collecting

The LSJ article reports that there are 492,000 delinquent tax accounts in the state.
Credit via flicker

  Last Sunday’s Lansing State Journal tore into the state Department of Treasury over its alleged inability to collect delinquent tax revenue.  

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NewsRoom
3:40 pm
Thu November 15, 2012

For Richer, For Poorer: Michigan Households Experience Growing Income Gap

Credit WKAR File Photo

There’s a steadily growing gap between the incomes of Michigan’s wealthiest and poorest families.  That’s the finding of a new report analyzing national income trends.

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NewsRoom
12:00 am
Fri April 20, 2012

Financial Literacy Classes Aim to Combat Credit Scams

WKAR File Photo

Michigan may be officially out of the Great Recession, but its aftermath continues to affect millions of people here and across the country.  Today, the Federal Reserve Bank of Chicago kicks off its 10th annual “Money Smart Week” in mid-Michigan.  It’s a public education program offering nearly two dozen financial literacy classes in the city of Lansing. 

Many Americans struggle with credit problems.  Using it wisely and repairing it when it gets damaged is just one focus of the week’s activities.

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