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Econ
Ann Arbor Esperion Therapeutics’ Stock Rises 35.1 Percent
SHARES OF ESPERION Therapeutics surged in aftermarket trading Wednesday after the company reported positive clinical trial results for its experimental high-cholesterol drug ETC-1002.
The company said patients who were treated with…
Michigan Leads Nation in Loss of Payroll Employment
IN AUGUST 2014, nonfarm payroll employment increased in 35 states and decreased in 15 states and the District of Columbia. The largest over-the-month increases in employment occurred in California (+44,200), Florida (+22,700), and Texas…
Joblessness Rises in Michigan and Ann Arbor
UNEMPLOYMENT RATES rose in 30 states last month, even as employers in two-thirds of the states stepped up hiring. The trends reflect an increase in job hunters nationwide as an improving economy encourages more people to seek work.
The…
Consumer Confidence on the Rise: Consumer Spending Up
MORE RAPID JOB creation, higher wages and gains in household wealth have eased the financial strains on households as well as supported more favorable buying plans for vehicles and household durables, according to the Thomson…
State’s June Unemployment Rate Fourth Highest in U.S.—Ann Arbor Has Lost 20 Percent of IT Jobs
MICHIGAN’S seasonally adjusted unemployment rate in June was unchanged over the month at 7.5 percent, according to data released on July 16 by the Michigan Department of Technology, Management & Budget (DTMB). Total employment declined…
A2POLITICO: Economic Development Groupies Circle The Bentleys to Defend SPARK
by P.D. Lesko
AT A RECENT mayoral candidate forum, unabashed supporters of “crony capitalism”—what President Obama’s former economic expert Dr. Lawrence Summers called the Michigan Economic Development Corporation’s programs—defended Ann…
Ann Arbor Unemployment Rate Rises—Locally, Rate Rose from 4.8 to 5.3 Percent Over Last 30 Days
SEASONALLY UNADJUSTED unemployment rates in May rose slightly in 12 of the state’s 17 major labor market regions, according to the Michigan Department of Technology, Management & Budget. Total employment and labor force levels increased…
Charity Watchdog Group Gives Humane Society 4-Star Rating
CHARITY NAVIGATOR, AMERICA’S largest and most-utilized independent evaluator of charities, has awarded the Humane Society of Huron Valley (HSHV) the prestigious 4-star rating for good governance, sound fiscal management and commitment to…
Treasury Officials Confirm Local Economic Development Entities Divert Public School Funding
by P.D. Lesko
While AAPS Superintendent Dr. Jeanice Kerr Swift publicly challenges Gov. Snyder and legislators over cuts to K-12 funding, local economic development groups siphon away millions of public school dollars through tax…
Council Member: After Vote, SPARK CEO Beckoned Mayoral Candidate Out of Chambers and “Screamed” At Her
by P.D. Lesko
Please note: Kai Petainen is a member of The Ann Arbor Independent’s Editorial Board
ANN ARBOR SPARK CEO Paul Krutko was “angry” and “screaming,” according to a City Council member who heard an exchange between Krutko…