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WARNING Until 11 PM; ADVISORY Until 2 AM

The National Weather Service in northern Indiana issues a HIGH WIND WARNING in Berrien county until 11 PM for 60 mph, or higher, wind gusts.  65 mph gusts have already been confirmed in Michigan City.  

A WIND ADVISORY remains for nearly all of West Michigan until 2 AM.  45 mph to 55 mph gusts are likely and have already verified.  Downed tree branches and some power outages are possible.  The wind direction is from the north, and winds will easily be sustained in the 25 to 35 mph range.  

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Legislators need to repair Michigan roads

Updated: Thursday, March 13, 2014
Legislators need to repair Michigan roads story image
KALAMAZOO, Mich. (NEWSCHANNEL 3) - Already there are potholes out there that seem more like sinkholes, with some of them seemingly large enough to swallow a city.

And it's only getting started.

Just wait until the ice starts to dramatically thaw, and expansion gives way to contraction.

Tonight in Tom's Corner, Tom Van Howe says maybe, at long last, it's time for legislators to put aside their aspirations for re-election and start spending some real money to, once again, make driving in Michigan a tolerable experience.

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If you're in the business of fixing cars beaten up by our crumbling roads and bridges, you might have financial reason to think things are okay just the way they are.

And why not?

According to news reports, the average yearly cost of fixing each one of our state's 7 million vehicles is $536. That's the annual cost per car for added fuel consumption, tire wear and tear, shocks, axles, and other repairs--not to mention lower trade-in values--for a total of more than $2 billion.

That's twice as much as the Governor and all his horses are hoping to cobble together to attack the problem this year.  The State of Michigan, its counties, townships and cities, have all gone over-budget this year just trying to cope with all the record-setting cold and snow.

There's pretty much nothing left.

But its not as though this problem snuck up on us--we've been in a patch, patch, patch mode for decades. This state, with its illustrious automotive history, the state that still puts the nation on wheels, has many of the worst roads  in the country.

They're not just ugly, uncomfortable and costly--they're dangerous.  And the only way to change that is to replace them.

This is where the governor and the legislature have got to stand up and be counted. No one likes new taxes--particularly elected officials who's number one priority is to get reelected.

Nonetheless, new roads and bridges aren't free. And we need more money to get the job done. And no, we can't take any more away from education.

The  idea most widely discussed is a percentage tax on fuel--that way when the price of gas goes up, so does state revenue.

No, its not fun to pay more for anything these days. But the money has to come from someplace. And its not going to come from the feds.

In fact, just today federal transportation officials said the highway trust fund will be insolvent by next year, and that unless Congress allocates billions more dollars for road construction, there won't be much going on anywhere.

To give you an idea where we stand on spending per capita among states a lot like us:
  • In Minnesota its $315.
  • In Ohio its $235.
  • In Wisconsin, $231.
  • And here in Michigan: $174.
Not enough.

Look--we are, all of us, already paying out tons of money to fix our cars because we have terrible roads.

For me, I'd be willing to pay a little more now so I can pay a little  less in the future.

In Lansing, it's going to take some political fortitude in this election year to make that happen.

But isn't that why people run for office in the first place? To get things done? To make things happen? To do the right thing? Is that too much to ask?

We need new roads and bridges. And we need to get started right now.

In this corner, I'm Tom Van Howe.

Business News

Last Update on October 31, 2014 17:47 GMT

CONSUMER SENTIMENT

WASHINGTON (AP) -- U.S. consumers expect better economic growth and rising incomes in the coming months, pushing a measure of confidence to a seven-year high in October.

The University of Michigan says that its index of consumer sentiment rose to 86.9 from 84.6 in September. That's the highest since July 2007, five months before the Great Recession began. Still, the index regularly topped 90 before the downturn.

Richard Curtin, the survey's chief economist, says that almost six in ten of the respondents said the economy has improved recently, the highest proportion in more than 10 years.

The measure is the second this week to show consumer confidence has reached the highest level since the recession. Greater confidence and more hiring could lead to faster spending and healthier economic growth.

CONSUMER SPENDING

WASHINGTON (AP) -- U.S. consumer spending fell in September, the first decline since January, as shoppers took a breather after a big spending spree in August. Income growth posted the slowest gain this year.

The Commerce Department says consumer spending dropped 0.2 percent in September. Income edged up 0.2 percent in September, the smallest monthly gain since a flat reading last December.

The spending decline followed a big 0.5 percent increase in August. In September demand fell for durable goods such as autos and for nondurable goods, a drop that partially reflected falling prices for gasoline.

Spending is closely watched because it accounts for 70 percent of economic activity. Economists believe September will be a temporary pause as continued hiring gains pushing up spending and the overall economy in coming months.

GASOLINE PRICES

NEW YORK (AP) -- The average price of gasoline in the U.S. hit $3 a gallon Friday, and should soon drop below the benchmark for the first time since December 2010.

The price at the pump fell 33 cents in October, thanks mainly to plunging oil prices, according to AAA.

Many exuberant drivers have taken to social media to post pictures of gas station signs with prices of $2.99 or lower. Drivers in South Carolina and Tennessee are paying the lowest prices, with an average of $2.75 a gallon.

Drivers in New York are paying the most in the continental U.S., at an average of $3.37. That's still 22 cents cheaper than a year ago.

Gasoline is cheaper than milk again. In September the national average price of milk was $3.73 per gallon.

EARNS-BIG OIL

NEW YORK (AP) -- Falling oil prices hardly seem to be bothering the two biggest U.S. oil companies, but things could get tougher in the coming months.

Exxon and Chevron leaned on strong performances from their refining operations to increase profits in the third quarter despite plummeting global oil prices.

The global price of oil fell 18 percent from the beginning of the quarter to the end, and it cost both companies. Revenue slipped at Exxon by 4 percent and at Chevron by 8 percent.

But low oil and natural gas prices make for low raw material costs -- and higher profit -- for refining and chemical operations, which turn oil and gas into fuels and chemicals. Profit at Exxon's refining and chemicals operations rose 38 percent compared with a year earlier, and Chevron's profit from its so-called downstream operations more than tripled.

Those results helped Exxon's overall earning rise 3 percent in the quarter to $8.07 billion. Chevron's earnings rose 13 percent to $5.59 billion.

NISSAN-AIR BAG RECALL

DETROIT (AP) -- Nissan says it's recalling more than 1,800 Infiniti SUVs in the U.S. for an air bag problem that could send shrapnel into the passenger compartment.

The recall covers the QX56 SUVs from 2013 and the QX80s from 2014. The company says inflators made by Takata Corp. were built with an incorrect outer baffle part. That can cause pressure to build up, and the inflators can rupture if driver's side air bags are deployed.

Nissan has no reports of injuries from the problem. It was discovered after General Motors recalled 33,000 Cruze compact cars for the same problem in June. The Infiniti recall is part of a larger global recall of 260,000 Nissans announced last week.

Takata says the recall is separate from another one affecting 8 million vehicles in the U.S.

EUROPE-ECONOMY

FRANKFURT, Germany (AP) -- Inflation has crept higher in the 18 countries that use the euro but the rise to 0.4 percent in the year to October is unlikely to offer much relief to the European Central Bank as it tries to boost a weak economy.

The official figure released Friday was up from 0.3 percent the month before.

The European Central Bank is under pressure to give the eurozone another dose of stimulus measures in coming months because inflation is so low and growth so weak. There are fears the eurozone could even fall into outright deflation, a crippling downward price spiral.

Core inflation, a key measure because it excludes volatile food and energy prices, fell to 0.7 percent from 0.8 percent.

The bank's goal is to keep inflation just below 2 percent.

BRITAIN-RBS

LONDON (AP) -- Royal Bank of Scotland, which is majority-owned by the U.K. government, has set aside 400 million pounds ($639 million) to cover potential fines arising from international investigations into alleged manipulation of foreign currency trading.

The total represents over half the 780 million pounds the bank earmarked for "conduct and litigation costs" in third-quarter earnings released Friday.

The results show the bank, which was bailed out by the government during the 2008 financial crisis, swung back to profit during the July-September period. Its net income of 896 million pounds follows an 828 million-pound loss last year.

CEO Ross McEwan says the bank knows it has "a long list of conduct and litigation issues to deal with and much, much more to do to restore our customers' trust in us."

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