They said it: Dana Johnson, chief economist for used-to-be-Detroit-based Comerica Bank in forecasting modest 1-2% growth for Michigan’s economy in 2008. We’ll finally have the sense, after four years of a downturn, we’re on a rise again. Roy Williams, on the I don’t want it, you take it NFC playoff race: Yeah, we’re in this playoff hunt now. We’re looking at teams, wondering what they’re doing â€¦ If we can win three, I think we’re in. The Traverse City Record-Eagle responding to the Michigan Supreme Court ruling that only political parties could get lists of who voted in which primary: At least we know where we stand vis-a-vis the Supreme Court: in second place.
If you can’t afford a hybrid, go PB&J
Via Michigan-based blog Scientific Ink, I learned that A PB&J will slow global warming, reducing your carbon footprint by saving the equivalent of 2.5 pounds of carbon dioxide emissions over an average animal-based lunch like a hamburger, a tuna sandwich, grilled cheese, or chicken nuggets. That’s about 40% of what you’d save driving around for the day in a hybrid instead of a standard sedan and it also saves water, land and the fats in PB&J aren’t as bad as you might think!
Prince Kicks Down
Sports Illustrated reports in A prince among men that last week Pistons’ star Tayshaun Prince and his wife Farah purchased and redecorated a luxury suite at the Palace to donate to Kids Kicking Cancer, a Detroit-based charity that uses martial arts techniques to empower hundreds of children and help them cope with their illness. Great article about a great guy and a program that really looks special (be sure to check out that link – they have an excellent video on their site from TV-4 as well).
If you live in Detroit, you might know Spike aka radiospike from Mojo in the Morning. I’m not sure if these awesome courtside seats at the were a perk from that or just from living right, but he sure got some great shots in his Pistons 11-23-07 set like this one of Tayshaun Prince and this one of Chauncey Billups. The cheerleaders seem to have gotten in his way in a lot of the other photos, but I guess that’s a hazard of being courtside.
Foreclosure Madness and the Motor City
Easy money, risky loans drive area home losses in the Detroit News is an excellent, in-depth feature probing the causes for the sky-high foreclosure rates of Michigan (particularly Metro Detroit) has as much to do with the mortgage industry as the auto industry in that money remained “incredibly easy to borrow.” The result was a very high percentage of subprime loans – 55% in the region and 2 out of 3 in Wayne County. According to the article, the root of the problem (if indeed there is one) is the fact that loans became a Wall Street commodity, and it didn’t matter if some loans went bad when the yield was that high. But as Bill Matthews, senior vice president of the Conference of State Bank Supervisors notes: “What the hedge fund manager is missing, is it’s destroying communities.”
Video from YOUR Town
There’s no way that I’m going to feature any Michigan city or town after that story. Instead, I’ll call out our new Absolute Michigan group on YouTube. We’d like you to share your videos about all aspects of the Great Lakes State – your hometown, history, fun things to do, good eats, great businesses and places to visit. We’ll feature videos from the group here on Absolute Michigan!