Michigan economy continues to shrink (Detroit Free Press) New government data confirm what we have known all along: Michigan's economy has been shrinking the last three years. The latest figures show that the state's real gross domestic product -- the inflation-adjusted value of all goods and services produced in Michigan -- dropped again last year, falling 1.5% to $326.1 billion.
Five things you should know: The week in review (The Cleveland Plain Dealer) ? MONDAY GM files for bankruptcy; Mansfield plant, part of Parma plant to close, more dealers to lose franchises Paul Sancya/Associated Press file photoGeneral Motors filed for bankruptcy protection this morning. This is the automaker's world headquarters in Detroit. Expanded...
Mary Ann Tighe: Finance Is Like Broadway?And This Downturn Isn't That Exceptional (The New York Observer) To Mary Ann Tighe, CB Richard Ellis? regional chief executive, Manhattan?s high finance is a lot like the Great White Way: People keep predicting its demise, but the shows keeping going on. Ms. Tighe was the main speaker at the Real Estate Board of New York?s annual Commercial Management Leadership Breakfast from the midtown Hilton?s Trianon Ballroom. Perhaps reflecting the commercial industry?s ...
