Articles in the U.S. Auto Industry Category
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Cleveland Housing Court Judge Raymond Pianka is making news again for his aggressive stance on dilapidated properties- especially those purchased by people outside of Cleveland and hoping to make a quick buck.
Judge Pianka’s work was previously highlighted on Rust Wire and in this New York Times Magazine cover story last year. (Read more about him here.)
The Plain Dealer reports he is ordering absentee owners of vacant homes to pay restitution to neighbors whose property values have been eroded by the vacant structures nearby.
“What is happening (in Cleveland) is certainly …
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I’m excited to see Changing Gears, an NPR project about “Remaking the Manufacturing Belt” is up and running. Changing Gears aims to “report on a major developing story–the transformation of the Upper Midwest’s industrial-based economy to a post-manufacturing one. This transition is a turning point in the American economy with economic, social, environmental and cultural implications,” its web site states.
I had heard some rumblings about this project awhile ago so I’m glad to see it is off to a good start.
The project is “a product of the …
The folks at Brookings released a report Monday on the importance of exports to the economies of Great Lakes cities.
Among the findings:
- Exports support 1.95 million jobs in Great Lakes metros
- Cities in this region have some of the highest volumes (dollar-wise) of exports and the greatest reliance on exports. Out of the nation’s top 100 metro areas, Chicago ranks third and Detroit ranks ninth in total dollar volumes of exports. Minneapolis, St. Louis, and Indianapolis all rank in the top 20, the study states.
How does your city compare?
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Editor’s note: This piece was contributed by Ivy Hughes, a Lansing, Mich.- based journalist. Read more about her on our contributors page. -KG
Five years ago my husband and I moved from Colorado to Michigan — by choice — for a job in the mortgage industry. We knew we were taking a huge risk, but at the time we had no idea we were venturing into a storm of opportunity we would have missed had we stayed in an economically thriving state.
Michigan is the underdog the media loves and …
The New York Times is carrying an interesting article about the city of Memphis and the shrinking ranks of the local black middle-class.
As a result of predatory lending and job loss, residents the majority-black city have seen decades of economic progress reversed, The Times reports. The article focuses on the role played by Wells Fargo, and outlines the mortgage lender’s targeted efforts to sell high-interest loans in black neighborhoods. The results are hallowed out neighborhoods and declining wealth for blacks and latinos in metro Memphis.
According to the article, the weath …
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A native of Indianapolis, I could always tell that there was a difference between my hometown and Cleveland, where I lived for several years. Both were Midwest, working-class types of towns, but Indy was more suburban, less dense, kind of like Cleveland without the hard edges.
According to a recent report from the Brookings Institution, The State of Metropolitan America, understanding the differences between Indy and Cleveland — or Columbus, or Pittsburgh, or Minneapolis — is a crucial part of understanding each city’s individual fix. The 172-page report, which already has received praise from mainstream pundits such as David Broder, compiles data from the U.S. Census Bureau’s American Community Survey to paint a demographic portrait of the United States, focusing on the 100 largest metropolitan areas.
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From the Flint Journal via Flint Expatriates:
Former Genesee County Treasurer Daniel Kildee is pushing for reforms to allow local governments to sue property owners who don’t take care of their homes- the proposed system would allow the Genesee County Landbank to recover costs of cleaning and fixing up homes, according to Flint Expatriates.
I’m curious to see if this idea goes further. A few years ago, when I was writing stories about vacant properties in Lorain, Ohio, Kildee’s Genesee County Landbank was often cited as a model other cities should copy.
“Cleveland won’t be reborn until it buries its dead,” a Cleveland Magazine article explains, and the ghosts haunting Cleveland are some 8,000 vacant and abandoned homes.
They draw drug dealers and prostitutes while dragging down surrounding homes’ values. Mayor Frank Jackson has stepped up efforts to bring the problem under control in recent years. But annual foreclosure rates hovering around 14,000, means the city is aiming at a moving target.
“There’s a lot more supply than there is demand,” says Cuyahoga County Treasurer Jim Rokakis. “If there was huge demand for this …