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    Tag: Cowardly with Detroits Financial Disaster (page 3)

    Michigan Taxpayers Have A Vested Interest In The Hotel


    By Corinthian Scales, Section News
    Posted on Fri Mar 16, 2012 at 01:11:35 PM EST
    Tags: Rick Snyder, Anti-Right To Work, DRIC-NITC, Light Rail boondoggles, Massive Federal debt is not a factor, Obamacare Health Exchange, Autism Mandates, Foreign National Job Preference, H-1B Visas, EB-5 Citizenship, Wholesale Gas Tax, Registration Fees, Government Funding, Cowardly with Detroits Financial Disaster, Progressives, Been there done that with Granholm, Detroit, Obituary, Corruption, Debt, Parasites, Shining City, Fur Trading Post, 1701, 2011 RIP (all tags)

    There really is no end to Lansing goonion payola, and crony capitalism that goes on in Michigan.  via detroitnews.com

    Detroit - The Westin Book Cadillac avoided defaulting on a $15 million loan this month after a city pension fund intervened, raising questions about the health of a landmark hotel and symbol of the city's economic redevelopment.

    The Detroit Police and Fire pension fund made a partial interest payment March 1 after hotel owner John Ferchill outlined the Book Cadillac's financial condition.

    The Cleveland-based developer told pension trustees the project has lost $23 million after deals to sell condominiums atop the hotel fell through.  ~Rest here

    Yup.  Just like Ferchill Group boasts on its own website.

    "The high cost of renovating The Book-Cadillac Hotel required creative financing involving the city, county and state, along with tax credits and other sources that previous developers couldn't handle. The Ferchill Group brought to the table financing tools that Detroit had never used. With the Ferchill team on board, we are confident that we will finally see this project become a reality."

    Walt Watkins
    Former Chief Development Officer, City of Detroit

    Updated memo to Mayor Dave Bing, and the folks in Detroit... blow it out your a$$, ya mooching parasites.

    (3 comments) Comments >>

    Explain To Us Again Why Detroit Doesn't Already Have a EFM


    By Corinthian Scales, Section News
    Posted on Wed Mar 07, 2012 at 11:44:29 AM EST
    Tags: Rick Snyder, Anti-Right To Work, DRIC-NITC, Light Rail boondoggles, Massive Federal debt is not a factor, Obamacare Health Exchange, Autism Mandates, Foreign National Job Preference, H-1B Visas, EB-5 Citizenship, Wholesale Gas Tax, Registration Fees, Government Funding, Cowardly with Detroits Financial Disaster, Progressives, Been there done that with Granholm, Detroit, Obituary, Corruption, Debt, Parasites, Shining City, Fur Trading Post, 1701, 2011 RIP (all tags)

    via detroitnews.com

    Detroit - Part of an $11 million grant intended to provide business attire to 400 low-income job-seekers instead helped only two people, an audit of the city's Department of Human Services has found.

    The audit, conducted by the city's auditor general for the period from July 2009 to September 2011, found the department failed to control the operations and finances of a boutique that was to provide the clothes.

    The department did not safeguard grant funds or create an inventory for the clothing, the audit found.

    Among the most telling findings, which will be discussed today during a City Council committee meeting, is that a third-party contractor advanced $148,000 to a downtown Detroit clothing store and opened an account, but did not include the city on the account.

    Rest here

    While Guv Snynerd plays footsie with Detroit, the City of Hamtramckstan and Wayne County is nearing Tango Uniform with meeting their payrolls.

    (13 comments) Comments >>

    A Message To Our Legislators - Beware False Choices

    When Bean Counters Are In Charge


    By Corinthian Scales, Section News
    Posted on Mon Feb 27, 2012 at 07:44:59 AM EST
    Tags: Rick Snyder, Anti-Right To Work, DRIC-NITC, Light Rail boondoggles, Massive Federal debt is not a factor, Obamacare Health Exchange, Autism Mandates, Foreign National Job Preference, H-1B Visas, EB-5 Citizenship, Wholesale Gas Tax, Registration Fees, Government Funding, Cowardly with Detroits Financial Disaster, Progressives, Been there done that with Granholm, Puuuuure Michigan (all tags)

    via detroitnews.com

    Michigan's tax on pensions and retirement accounts kicked in on Jan. 1 and, not long after that, Jack Vassallo kicked back.

    When the retired chemical engineering technician got his monthly payment from his Fidelity Investments 401(k) retirement savings account, the check was short. The $87.43 withheld for the new state tax would have made the check the right amount -- except that Vassallo is 79 years old and exempt from the retirement levy.

    "I was furious," says the Woodhaven retiree. "It really irked me."

    Read the rest here

    Why folks in this state thought it would be 'smart' to vote for a CPA with a law degree from the Peoples Republic of Ann Arbor still puzzles me.

    (6 comments) Comments >>

    Michigan: Right To Lose Work State


    By Corinthian Scales, Section News
    Posted on Fri Feb 10, 2012 at 08:49:36 AM EST
    Tags: Rick Snyder, Anti-Right To Work, DRIC-NITC, Light Rail boondoggles, Massive Federal debt is not a factor, Obamacare Health Exchange, Foreign National Job Preference, H-1B Visas, EB-5 Citizenship, Wholesale Gas Tax, Registration Fees, Stem Cell Research, Government Funding, Reinventing Climate Change, Cowardly with Detroits Financial Disaster, Progressives, Been there done that with Granholm (all tags)

    via Forbes.com

    Caterpillar has caused an uproar in Canada with a controversial plant closing. But the company attracted so many people to an Indiana jobs fair that the event had to be shut down earlier than planned.

    On Friday, Caterpillar's Progress Rail Services said it was closing the 62-year-old Electro-Motive Canada plant in London, Ontario, about two hours west of Toronto.
    .......

    In explaining the shutdown, Billy Ainsworth, the CEO of Progress Rail, said in a letter to employees that all the company's facilities "must achieve competitive costs, quality and operating flexibility to compete and win in the global marketplace, and expectations at the London plant were no different."

    It's the second big closing in that part of Canada in a year's time. Navistar shut its truck plant in nearby Chatham, Ontario in 2010, eliminating 1,100 jobs.

    But at the moment, Caterpillar is the toast of Muncie, in east central Indiana.

    Over the weekend, Caterpillar held a jobs fair that attracted about 3,000 applicants for jobs paying between $12.50 and $18 an hour, according to the Muncie Free Press.

    Rest here

    Yup, and Governor Daniels phone has been ringing nonstop since signing Worker Freedom into Law.  The ball is driven deeply into your end the court GoverNerd.

    (3 comments) Comments >>

    BREAKING: Guv Nerdholm's Finger Is Wet, Waiting For Sock To Fill With Air


    By Corinthian Scales, Section News
    Posted on Thu Feb 09, 2012 at 09:08:44 AM EST
    Tags: Rick Snyder, Anti-Right To Work, DRIC-NITC, Light Rail boondoggles, Massive Federal debt is not a factor, Obamacare Health Exchange, Foreign National Job Preference, H-1B Visas, EB-5 Citizenship, Wholesale Gas Tax, Registration Fees, Stem Cell Research, Government Funding, Reinventing Climate Change, Cowardly with Detroits Financial Disaster, Progressives, Been there done that with Granholm (all tags)

    via detnews.com

    With the clock ticking to Michigan's Feb. 28 primary, Gov. Rick Snyder hasn't decided whom to endorse as the Republican presidential nominee.

    The governor, who has said many times he wouldn't announce his endorsement until 30 days before the primary, has 20 days left to figure out his choice.

    "He's still deciding," spokeswoman Sara Wurfel said Wednesday. "He's evaluating things in terms of candidates and jobs."

    Bill Ballenger, editor of the Inside Michigan Politics newsletter, said there might be more to Snyder's reticence.

    "Maybe Mitt Romney's asked him not to -- I'm not sure how much help that would be at this point," Ballenger said.

    Bingo.  Nerdholm can only do harm to Willard, or anyone else he endorses.

    (2 comments) Comments >>

    Sorry GoverNerd, You're No Todd Palin


    By Corinthian Scales, Section News
    Posted on Wed Feb 08, 2012 at 02:26:55 PM EST
    Tags: Rick Snyder, Anti-Right To Work, DRIC-NITC, Light Rail boondoggles, Massive Federal debt is not a factor, Obamacare Health Exchange, Autism Mandates, Foreign National Job Preference, H-1B Visas, EB-5 Citizenship, Wholesale Gas Tax, Registration Fees, Government Funding, Cowardly with Detroits Financial Disaster, Progressives, Been there done that with Granholm, Puuuuure Michigan (all tags)

    And what's going on with this @ 0:08?  That an Ann Arbor thing?

    Comments >>

    BREAKING: Guv Nerdholm Is Still Moistening His Finger


    By Corinthian Scales, Section News
    Posted on Thu Feb 02, 2012 at 02:36:35 PM EST
    Tags: Rick Snyder, Anti-Right To Work, DRIC-NITC, Light Rail boondoggles, Massive Federal debt is not a factor, Obamacare Health Exchange, Foreign National Job Preference, H-1B Visas, EB-5 Citizenship, Wholesale Gas Tax, Registration Fees, Stem Cell Research, Government Funding, Reinventing Climate Change, Cowardly with Detroits Financial Disaster, Progressives, Been there done that with Granholm (all tags)

    via detnews.com

    Washington-- Gov. Rick Snyder says he expects to make an endorsement in the GOP presidential race "as early as this week."

    "I'm really close," Snyder told reporters ahead of a Wednesday appearance before the House Education and Workforce Committee, where he discussed jobs issues.

    Most likely also in DC consulting with Barry Oweblamebush about what to do with the snag with his boondoggle gummint bridge too.  Nerdholm's just got to have them Federal tax 'debt dollars' to redistribute to his goonion labor base in Detoilet don'tchya know.

    Snyder said he is focused on which candidate will be best for Michigan.

    The state has its presidential primary Feb. 28. "I've been reviewing the candidates and coming up with who will be best suited for Michigan from the perspective of jobs and our long-term future."

    Snyder says he has a good relationship with former Massachusetts Gov. Mitt Romney, a Michigan native whose father served three terms as Michigan's governor. Romney, a Republican, campaigned on Snyder's behalf, but Snyder declined to say if he would endorse the front-runner.

    Honestly, I really don't know how the MSM can print such rubbish.  After all the butt smooching the MI-GOP Office holders and power brokers is doing to Willard, somehow Guv Nerdholm isn't going to announce a returned favor endorsement?  GMAFB.  It's more like figuring out how to have the Guv Nerdholm name associated to a candidate with causing the least amount of damage.

    (4 comments) Comments >>

    Guv Nerdholm does MSNLSD


    By Corinthian Scales, Section News
    Posted on Wed Feb 01, 2012 at 03:56:44 PM EST
    Tags: Rick Snyder, Anti-Right To Work, DRIC-NITC, Light Rail boondoggles, Massive Federal debt is not a factor, Obamacare Health Exchange, Foreign National Job Preference, H-1B Visas, EB-5 Citizenship, Wholesale Gas Tax, Registration Fees, Stem Cell Research, Government Funding, Reinventing Climate Change, Cowardly with Detroits Financial Disaster, Progressives, Been there done that with Granholm (all tags)

    Two peas in the same pod.  Remember the Nerds' smear on Hoekstra?  I do.

    Comments >>

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