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Churches Not Immune From The Foreclosure Crisis

Just as many homeowners who borrowed too much or built too big in good times, many churches did the same and are now struggling as collections shrink.

WWJ Newsradio 950–01/30/2011

UM: Slow Recovery Will Pick Up Speed

While the nation’s economy will gain some momentum in the second half of next year, it will take until 2012 before unemployment finally begins to subside, say economists at the University of Michigan.


Economics Dept.: Mich. Consumer Confidence Hits Five Year High

Despite Michigan’s continued economic malaise, residents’ optimism about the future is at its highest in nearly five years, according to Michigan State University’s latest State of the State Survey. According to the summer 2010 survey, […]


2 Americans, 1 British-Cypriot Win Econ Nobel Prize

Americans Peter Diamond and Dale Mortensen and Christopher Pissarides, a British and Cypriot citizen, have won the 2010 Nobel economics prize.


Economics Dept.: PMI Shows Slower Growth

The Southeast Michigan Purchasing Managers Index dropped from 56.7 in July to 54.2 in August. Levels above 50 on the index show economic growth, so the change suggests the metro Detroit economy continues to expand, […]


Economics Dept.: Michigan Economy Surges in July

Comerica Bank’s Michigan Economic Activity Index climbed three points in July, to a level of 87. July’s reading is up 16 points from the year-ago level, the largest year-on-year Index increase since December 2004. The […]


Economics Dept.: Foreclosure Sales Plunge

Sales of real estate in foreclosure plunged from year-ago levels across southeast Michigan in July, according to figures released Tuesday by the Farmington Hills real estate data provider Realcomp II Ltd. Sales of real estate […]