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Failing to tackle our roads

Updated: Friday, June 20, 2014
Failing to tackle our roads story image
KALAMAZOO, Mich. (NEWSCHANNEL 3) - Many Michigan residents were taken by surprise last week when the Michigan Senate failed once again to make a plan to deal with our overwhelmingly bad and ever deteriorating roads.

Even as legislators left Lansing to vacation and campaign, there were reports from around the state of local residents taking it upon themselves to fix potholes in their neighborhoods.

We've seen it happen in Emmett Township.

Tonight, in Tom's Corner, Tom Van Howe says it's time for Michiganders to stand up and be heard.

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To put it as straightforward as I can: the Michigan Senate--long controlled by Republicans--is a chamber of cowardice.

Here we are, in a state that virtually gave birth to the automobile, that put the nation on wheels more than a century ago; and we simply refuse to take on the massive task of fixing what are arguably the worst roads and bridges in the United States.

How embarrassing.

The argument goes that Republicans are either too caught up in an anti-tax manifesto, or are too afraid that conservatives in their districts will vote them out if they raise the gas tax by 25-cents a gallon.

Well, assuming their heads are in fact stuck in the sand, I've got news for them. A road tax is one of the few things people would be willing to pay.

Yes. A new poll last month by the Center for Michigan found that 58 percent of us are willing to pay more at the pump to attack what we--not our Senators--but what "we" think is an urgent priority.

Our Senators obviously have a different view. They've gone on vacation.

Not to suggest there are no Republicans trying to get the ball moving. Governor Snyder has been asking for action from almost the day he was elected.

Senate Majority Leader Randy Richardville, who's soon to be term-limited out of office, has been trying to lead a charge. But nobody is following.

Richardville hasn't always been on board, but he is now.

"The Detroit three," he said, "have learned to make better cars. People are working harder and smarter. It's time for state legislators to support a commonsense way to build better, longer-lasting roads. It's time to fix the damn roads."

I can sense the growing anger over the lack of action everywhere I go. If it's a given that our elected officials are afraid to tackle the issue, the case can now be made they should be even more afraid to continue ignoring it.

This is the same bunch who so cleverly headed off a minimum wage ballot proposal a couple of weeks ago to keep voters away from the polls in November. And they did it in one day.

It's time for them to show a little courage now and do a little something for people of all income brackets. If they refuse to budge, I can hear the chant of "throw the bums out" beginning to grow.

We need good roads for our own safety. To protect the investments we make in our cars. For more efficient commerce. For the tourists on whom we so heavily rely for our economy. To help attract business. To make us proud of our state and its infrastructure.

If our legislators fail us... it's time to replace them with a new crew who won't.

In this corner...I'm Tom Van Howe.

Business News

Last Update on October 31, 2014 07:28 GMT

WORLD-FINANCIAL MARKETS

SEOUL, South Korea (AP) -- Japan's Nikkei 225 stock average surged 5 percent and the yen slid against the dollar after the Bank of Japan unexpectedly announced new stimulus to boost a flagging economic recovery.

Other Asian stock markets were also higher after the Japanese central bank's announcement Friday. The dollar rose 1.2 percent to 110.64 yen.

The bank said it would increase its asset purchases by between 10 trillion yen and 20 trillion yen ($90.7 billion to $181.3 billion) to about 80 trillion yen ($725 billion) annually.

The Nikkei was up 4.6 percent at 16,380.11 after shedding some of its initial gains. Hong Kong's Hang Seng rose 1.2 percent and Seoul's Kospi was up 0.1 percent.

ECONOMY-THE DAY AHEAD

WASHINGTON (AP) -- Today. the Commerce Department will release its September report on consumer spending, which accounts for 70 percent of economic activity in the U.S.

Also, the University of Michigan will issue its monthly index of consumer sentiment for October. In September, the index reached its highest level since July 2013, led by greater optimism that the economy will grow and incomes will rise.

The Labor Department will also release the third-quarter employment cost index.

Before the market opens, Exxon Mobil will report its quarterly financial results.

CITI-REVISED EARNS

NEW YORK (AP) -- Citigroup is slashing its third-quarter earnings by $600 million, saying that recent investigations by regulators have altered the results it reported earlier this month.

The New York-based bank on Thursday revised its quarterly net income to $2.8 billion from a previously reported $3.4 billion, citing legal expenses.

The bank's operating expenses rose from $12.36 billion to about $13 billion.

The company said in a statement the unexpected increase came from "rapidly-evolving regulatory inquiries and investigations, including very recent communications with certain regulatory agencies related to previously-disclosed matters."

Citi previously reported third-quarter net income of $3.44 billion, or $1.07 per share, on Oct. 14. The results exceeded Wall Street estimates.

Like other major banks, Citigroup has been the target of lawsuits and government investigations for its role in the mortgage meltdown that helped spur the financial crisis of 2008.

SURGICAL GOWNS LAWSUIT

LOS ANGELES (AP) -- A lawsuit says Kimberly-Clark Corp. falsely claimed its surgical gowns met the highest standards for protecting against Ebola and other infectious diseases.

Lead attorney Michael Avenatti says the Texas hospital where two nurses contracted Ebola used to stock the gowns but it's not clear if the nurses had used them.

The $500 million fraud suit was filed Wednesday in federal court in Los Angeles on behalf of a surgeon who wore the gowns.

The lawsuit says Kimberly-Clark knew for a year that the gowns failed industry tests and allowed the transfer of bodily fluids, bacteria and viruses, but the company still promoted them as having the highest level of impermeability.

The maker of Kleenex and other consumer products says it doesn't comment on lawsuits but stands behind its products' safety.

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