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.

=====================

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 November 21, 2014 18:31 GMT

CHINA-ECONOMY

BEIJING (AP) -- China's central bank unexpectedly slashed interest rates on Friday to re-energize the world's No. 2 economy, joining a growing list of major economies that are trying to encourage growth in the face of a global slowdown.

On top of the rate cut, Chinese authorities promised to inject credit into the financial system if needed.

The People's Bank of China said it is trying to address "financing difficulties" caused by a shortage of credit. It also said the move was not a change in monetary policy and economic conditions are within an "appropriate range."

China's economic growth fell to a five-year low of 7.3 percent in the latest quarter and manufacturing and other indicators are declining. That has prompted suggestions Beijing might intervene to prop up growth.

EUROPE-ECONOMY

FRANKFURT, Germany (AP) -- European Central Bank head Mario Draghi says the chief monetary authority for the eurozone is willing to "step up the pressure" and broaden its stimulus efforts to help the struggling economy.

Draghi said Friday at a banking congress in Frankfurt, Germany that if current efforts do not achieve the desired effect the ECB could "broaden even more the channels through which we intervene."

The ECB has already lowered its benchmark interest rate to near zero and started purchasing bonds made up of bank loans to companies -- an effort to boost lending and economic activity.

Some economists think the bank could widen the bond purchases to include corporate or government bonds in an effort to pump newly created money into the financial system -- so-called quantitative easing, or QE.

STATE UNEMPLOYMENT

WASHINGTON (AP) -- Unemployment rates fell in 34 U.S. states in October, a sign that steady hiring this year has been broadly dispersed through most of the country.

The Labor Department says unemployment rates rose in just 5 states, the fewest since April. Rates were unchanged in 11 states.

Nationwide, employers added 214,000 jobs in October, the ninth straight month of gains above 200,000. That's the longest such stretch since 1995. The U.S. unemployment rate fell to 5.8 percent, a six-year low, from 5.9 percent. Steady economic growth has prompted more companies to add jobs, though the additional hiring hasn't yet boosted wages.

Georgia had the highest unemployment rate, at 7.7 percent, though that was down from 7.9 percent in September. North Dakota continued to have the lowest rate, at 2.8 percent.

LEXUS RECALL

DETROIT (AP) -- Toyota is recalling nearly 423,000 Lexus luxury brand cars in the U.S. to fix fuel leaks that can cause fires.

The recalls affect the 2006 to 2011 GS, 2007 to 2010 LS and the 2006 to 2011 IS models.

Toyota says the cars' fuel lines have nickel phosphate plating to protect against corrosion. Some lines could have been built with particles coming in contact with a gasket. That can cause the sealing property to deteriorate and cause fuel leaks.

Toyota says it's not aware of any fires or injuries caused by the problem. The company found it after getting complaints of fuel odors.

Dealers will repair the gasket seating surface at no cost to owners.

Some of the Lexuses were recalled in 2009 to fix leaks in aluminum fuel pipes.

JAPAN-US-AIR BAGS

TOKYO (AP) -- Japan's transport ministry has told air bag maker Takata to conduct an internal investigation after cases of its air bags exploding triggered safety concerns in the U.S. and other countries.

Transport Minister Akihiro Ohta said Friday that the ministry ordered Takata Corp. to conduct its own investigation into the air bags and report back. The ministry's direct instruction to an auto parts maker is considered rare.

The ministry also ordered Takata and Japanese automakers to study whether additional recalls are needed at home following a U.S. decision to expand recalls nationwide from an earlier measure limited to high-humidity zones.

Takata air bags can inflate with excessive force, sending metal shrapnel toward the driver and passengers. The problems have caused six deaths and dozens of injuries.

FORD PICKUP-FUEL ECONOMY

DEARBORN, Mich. (AP) -- Ford says its new aluminum-bodied F-150 pickup will get up to 26 mpg on the highway, making it the most fuel efficient gas-powered full-size pickup.

The Ram truck is the current leader among pickups, getting up to 25 mpg on the highway with a gas engine.

Fuel economy is a key data point for the new F-150, which is arriving at dealerships this week. Ford shaved 700 pounds off the weight of the truck by switching the body from steel to lightweight aluminum, a dramatic change for the best-selling vehicle in the U.S.

The F-150 will get 26 mpg on the highway with a 2.7-liter EcoBoost engine, which is a $495 option. That is 13 percent better than the outgoing truck's 23 mpg.

ETHANOL IN GASOLINE

WASHINGTON (AP) -- The Obama administration is delaying a decision on whether to reduce the amount of ethanol in the nation's fuel supply.

Last year the Environmental Protection Agency proposed to reduce the amount of ethanol in fuel for the first time. The decision angered corn growers and ethanol companies who have since lobbied the government to reverse the decision.

The EPA said Friday it expects to make a final decision next year.

The ethanol targets are required by a 2007 law that tried to address global warming, reduce dependence on foreign oil and boost the rural economy by requiring oil companies to blend billions of gallons of biofuels into gasoline annually.

Lawmakers did not anticipate fuel economy would improve as much as it has in recent years, reducing overall demand for gasoline.

IMMIGRATION-ECONOMICS

WASHINGTON (AP) -- The White House says President Barack Obama's immigration executive actions would boost the economy by expanding the U.S. labor force and increasing worker productivity. It says average wages would rise over a 10 year period, a claim that Obama critics and even some labor allies dispute.

The report by Obama's Council of Economic Advisers estimates the administrative actions would increase the gross domestic product by $90 billion, or 0.4 percent, over 10 years. It says wages for native workers will rise by 0.3 percent by 2024

The report aims to counter critics such as Sen. Jeff Sessions of Alabama, the top Republican on the Senate Budget Committee, who say the executive measures would reduce wages and cost American workers' jobs. AFL-CIO President Richard Trumka also says Obama's moves to provide access to temporary visas could suppress wages in the tech sector.

Obama's actions could spare nearly 5 million immigrants illegally in the U.S. from deportation and make them eligible for work permits.

AEREO-BANKRUPTCY

NEW YORK (AP) -- Online streaming service Aereo says that it has filed for Chapter 11 bankruptcy protection, saying an unfavorable ruling by the U.S. Supreme Court was too difficult to overcome.

In June, the Supreme Court ruled that Aereo operates much like a cable TV company. As a result, the court said the service violates copyright law unless Aereo pays broadcasters licensing fees for offering TV station programs to customers' tablets, phones and other gadgets.

CEO Chet Kanojia said in a statement Friday on the company's website that the Supreme Court decision "effectively changed the laws that had governed Aereo's technology, creating regulatory and legal uncertainty."

Kanojia said that the Chapter 11 filing will allow Aereo Inc. to maximize the value of its business while avoiding the cost and distraction of litigation.

FRANCE-HSBC

PARIS (AP) -- HSBC says it has been placed under formal investigation in France over services it offered to clients required to pay taxes in France.

In a statement Friday, Switzerland-based HSBC Private Bank said French investigators demanded a 50 million euro ($62 million) bond.

France's government is increasingly cracking down on tax dodgers, including establishing an office dedicated solely to investigating financial crimes.

HSBC said the investigation involves the bank's actions from 2006-2007.

RUSSIA-SAUDI ARABIA

MOSCOW (AP) -- Russia's foreign minister says there should be no intervention in global energy production, even as the country's economy takes a hit from rapidly falling oil prices.

After a meeting with his Saudi counterpart in Moscow, Sergei Lavrov said both Russia and Saudi Arabia did not want oil production targets to be affected by "political or geopolitical designs."

The theory that the United States has manipulated global oil production to bring down prices is a popular theme on state-owned television in Russia, where the economy and state budget are heavily dependent on oil exports.

Also on Monday, Russian Energy Minister Alexander Novak told Russian news agencies that the government was reviewing the possibility of lowering oil production, but still wasn't sure whether such a move would be feasible.

GULF PLATFORM-EXPLOSION

NEW ORLEANS (AP) -- A drilling company says a worker killed in an offshore explosion was cleaning a piece of equipment during routine maintenance at its oil-and-gas platform in the Gulf of Mexico.

Houston-based Fieldwood Energy LLC says another worker suffered "visible injury" and two other workers reported ringing in their ears. The company says the three injured workers have been released from the hospital.

Fieldwood says the worker who was killed Thursday was cleaning a piece of equipment that separates oil from water liquids when an "isolated pressure event" occurred. The company says the victim was employed by the Louisiana company Turnkey Cleaning Services, which specializes in cleaning offshore facilities.

The explosion happened on the Echo Platform, which is about 12 miles offshore near the mouth of the Mississippi River.

DOW CHEMICAL-THIRD POINT

NEW YORK (AP) -- Dow Chemical Co. says it will add four new members to its board of directors after pressure from hedge fund activist Daniel Loeb's Third Point.

Shares of the specialty chemicals maker rose 2.6 percent to $52.82 in morning trading Friday.

The new additions are Mark Loughridge, Raymond Milchovich, Robert Miller, who will join the board in January. Richard Davis will join in May.

Dow has also agreed to include the group in its nominees for election at the 2015 annual meeting nominate.

In January, Third Point disclosed that it bought a stake in Dow, but did not disclose how many shares it bought. Third Point says Dow is its biggest investment.

As recently as last week, Third Point published a website and video pushing Dow to shake up its board and increase shareholder value.

advertisement
Washington Times
advertisement