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Expert urban developers and local officials throughout Michigan are quietly working to maintain key aspects of what they believe to be the most significant economic program for rebuilding struggling Michigan cities, a tax credit for the redevelopment of areas that at one time were home to deserted factories or old industrial complexes.

Anxiety grips developers of projects, such as Presbyterian Villages of Michigan, as they wait to see what lawmakers will do. Parties supporting the Presbyterian Villages are trying to finalize the finances needed to build the $38 million redevelopment project in a Detroit neighborhood. Full Article…

This chart shows the ranking of states by recent economic performance, including data on the last three months (annualized – April) and changes in economic activity for the latest three months (annualized) versus the previous year.

The question I now hear most often is: Do you have insurance? More experienced folks ask: Do you have business-interruption insurance? That is, recoupment of operating expenditures or lost revenues, maybe even payroll during this unplanned hiatus. The answer is that I am not quite sure; nothing about insurance is sure — not the amount or the timing or the results of investigations or who is suing whom. Every claim is contested; every cost is subrogated. You never know how good your insurance is until you try to cash in your chips.

There are three general areas that my insurance should cover: rebuilding that which was damaged, replacing lost inventory and business interruption. It could take one month or six to collect any money. T

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Washington, D.C. is home to 19 Smithsonian Museums that are visited yearly by nearly 30 million people. These museums, commonly referred to as our nations attic, hold great American items, however the gift shops at the museums hold a very different product. Many items in the shops have been Made in China.
U.S. Rep. Nick Rahall of West Virginia, top Democrat on the House Transportation and Infrastructure Committee, thinks it is utterly absurd and frankly insulting that the patriotic American mementos visitors are taking home today are stamped with the words Made in China.
Earlier this year, Rahall introduced the “Buy American at the Smithsonian Act of 2011″ because he doesnt think our nation’s attic should be stocked with goods from China that could be made in the United States.
The Smithsonian is an example of the state of American manufacturing today. Full Article…

Federal investigators showed relatives of victims of a West Virginia mine explosion that killed 29 fake safety records Massey Energy kept to throw off inspectors at the mine.

During the private Tuesday night session, officials with the Mine Safety and Health Administration showed relatives of the Upper Big Branch miners side-by-side comparisons of books that purported to document the same shift.

In one authentic production report, Massey reported that its mining machine was shut down because of problems with ventilation and a potentially explosive accumulation of methane gas. The on-shift inspection report, meanwhile, indicated no problems with gas, said underground miner Bobbie Pauley, whose fiance Howard “Boone” Payne was among the men killed in the April 5, 2010, blast near Montcoal in southern West Virginia.

“You put in an inspection report what you wanted the inspectors to see,” Pauley said.

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GREENSBORO, N.C. – Leonard Green & Partners LP and CVC Capital Partners agreed to buy BJ’s Wholesale Club Inc. for $2.8 billion, gaining the third-largest U.S. warehouse-club chain.

BJ’s investors will receive $51.25 a share in cash for each share they hold, the companies said Wednesday in a statement. That’s 6.6 percent more than Westborough, Mass.-based BJ’s closing price on Tuesday.

The acquisition gives the buyout firms 190 wholesale clubs in 15 U.S. states. Leonard Green, which manages about $9 billion, has taken part in at least five retail deals in the past year, including offers for fabric seller Jo-Ann Stores Inc. and J. Crew Group Inc. The firm also has holdings in Whole Foods Market Inc., the largest U.S. natural

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