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[27 Feb 2009 | No Comment | ]

Hard figures beginning to shake out of the President’s stimulus bill. What does this mean for Rust Belt cities? Money. Lots of money.
More than $417 million is being sent to Ohio by the U.S. Department of Housing and Urban Development
$475 million has been earmarked for Great Lakes clean-up, 10-times larger than any previous award.
$23 million will be delivered to the Gary, Ind. area.
Milwaukee is getting $22.6 million.
The Cleveland Metropolitan Housing Authority will receive $35 million.
The Erie Housing Authority: $4.6 million.
Minneapolis is getting $20 million for light rail, plus a great …

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[27 Feb 2009 | One Comment | ]

With all the talk of bailing out the Big Three, we haven’t heard too much talk about the importance of the industry’s parts suppliers.
This Market Watch story discusses the importance of suppliers and predicts Visteon Corp. could likely soon declare Chapter 11 bankruptcy. The current bailout, according to this story, is “too little, too late.”
http://www.marketwatch.com/news/story/visteons-vanishing-act/story.aspx?guid={6E0E364B-6ADD-4844-B2FE-3F219D1CD73F}&dist=msr_2

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[27 Feb 2009 | No Comment | ]

With all the talk of bailing out the Big Three, we haven’t heard too much talk about the importance of the industry’s parts suppliers.
This Market Watch story discusses the importance of suppliers and predicts Visteon Corp. could likely soon declare Chapter 11 bankruptcy. The current bailout, according to this story, is “too little, too late.”
http://www.marketwatch.com/news/story/visteons-vanishing-act/story.aspx?guid={6E0E364B-6ADD-4844-B2FE-3F219D1CD73F}&dist=msr_2

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[26 Feb 2009 | No Comment | ]

The city of Cleveland is reeling from the execution-style shooting of two employees of the Cleveland Clinic in the center of downtown Sunday.
The brutal shooting, in which two men were shot outside an ATM machine after leaving a bar, has stirred debate over the safety of the city’s downtown.
Cleveland supporters have long hailed the downtown as safe and now as many as 10,000 people call downtown home. But the shooting is causing some people to question downtown safety and some city leaders to react defensively.
Today in The Plan Dealer, Cleveland …

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[25 Feb 2009 | No Comment | ]

This is an interesting article in which The Associated Press draws parallels between the near-demise of the American steel makers and the current plight of The Big Three.
Like Steel, Detroit automakers are beset by foreign competition, high labor costs, a huge number of retirees and union rules that work to place the company at a competitive disadvantage to the Japenese, The AP reports.
Steel makers negotiated major concessions from workers under bankruptcy, the article says. At the time of its restructuring, the steel industry was paying health care costs for nine …