“The unemployment rate begins to creep down but remains uncomfortably high even at the end of 2013—four-and-a-half years after the official end of the recession,” says U-M’s Joan Crary.
The Ann Arbor – based bookseller is bankrupt, all its stores closing. But in its heyday, there were few places closer to a literary heart.
Banks that received federal bailout money ended up approving riskier loans and shifting capital toward risky investments after getting government help, say U-M researchers. Further, these banks were no more likely to issue loans, overall, than non-TARP banks, in contrast to the declared objective of the federal program to increase lending.
The Michigan alums who built “the fastest growing company ever.”
The university could inject up to $25 million during the next decade into select venture-funded U-M startups—new companies built around inventions born in faculty members’ labs.
Automakers at the 2010 North American International Auto Show have big hopes for their new vehicles—hipper, more fuel-efficient, environmentally sound cars.