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.
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.
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.