Thursday, September 6, 2007

Thursday Morning News Round Up

Michigan Cyber Safety Initiative--Attorney General Mike Cox announced a new program to teach kids about internet predators. Staffers from the Attorney General's office will train teachers in the program this fall.

Detroit Free Press--"A study by the Michigan Association of Home Builders found that 1.35 million Michigan households, or 35%, can afford only homes priced under $100,000, yet the average price was $139,155 in June." Be sure to scroll down in the article for a very enlightening graph displaying how many Michiganders can afford how much home. Shocking numbers.

Detroit Free Press--Nurses at Detroit Medical Center have been attempting to form a union since February.

Detroit News--Attention, bargain hunters. Chrysler announced six-year, no interest loans to stimulate sales. "The six-year loans are available to buyers of the Dodge Grand Caravan, Chrysler Town & Country long-wheel-based minivan, Dodge Dakota, Dodge Durango and Chrysler Aspen, Pinter said. Five-year loans, which began in May, are offered for purchases of the Jeep Liberty, Jeep Grand Cherokee and Chrysler Pacifica."

Globe and Mail--"Pending sales of existing U.S. homes plunged by a record 12.2 per cent in July, and private employers hired the fewest workers in more than four years in August, according to reports released yesterday."

Guardian Unlimited--"Updating its half-yearly forecasts for the global economy, the Paris-based Organisation for Economic Cooperation and Development added to growing pressure on the Federal Reserve to ease the pressure on US borrowers when it meets later this month." Translation: Experts abroad are very concerned about ongoing problems stemming from the subprime crisis.

New York Times--"Stocks slip as Fed says credit crisis is contained." Translation: We mustn't panic.