4 signs Michigan economists say to watch
In today’s newsletter, critics say an oil spill highlights a bigger Line 5 risk, nearly half of Michiganders can barely afford necessities and we check in with the Detroit Tigers. |
Another hot day is on the way. These Michigan communities want to help you cool off. |
It is going to remain dangerously hot in parts of Michigan through this evening. As we said yesterday, we want to help you find safety (and air conditioning!) during this mid-June heatwave. Local communities have opened up cooling centers for residents who need a place to beat the heat. Kent and Ottawa counties each have three centers open. And in Kalamazoo, the city is opening certain fire hydrants to help provide some relief. In Washtenaw County, a list of cooling sites includes many libraries. A library is always a safe bet on a hot day, no matter your location.
And we shared these tips yesterday, but it's always worth re-sharing a story that contains safety information.
|
|
|
Stocks are sinking on Wall Street and Treasury yields are moving sharply higher on as markets shudder after another hot reading on inflation. (AP Photo/Seth Wenig, File) |
|
|
Are we headed for a recession? There are 4 signs Michigan economists say you should watch for. |
Is a recession inevitable? Well, it depends who you ask. But it seems economists at least agree that there is a good chance a recession is on the way. If you are trying to keep an eye on the economy, in hopes of spotting the signs a potential downturn, here are 4 that Michigan economists are watching. Something to watch today: All eyes will be on Federal Reserve Chairman Jerome Powell today when he speaks to press after the board meets. The Fed previously announced June’s interest rate hike will be another half percentage point. Economists will be waiting to hear what next steps are as inflation shows no signs of slowing down. Speaking of inflation: One expert says it could be three years before Michiganders see $3 gas again. |
|
|
43% of Michiganders can barely afford necessities. A state task force is offering solutions. |
Nearly half of Michigan residents: An estimated 1.4 million residents are living below the federal poverty line, including about 20% of the state’s children. But according to the state, poverty affects closer to 4.3 million residents who are struggling to afford housing, childcare, food, technology, health care and transportation. 29 recommendations:The intent of these efforts is to strengthen Michigan’s social safety net, lower the state’s unemployment rate, boost job security, reduce food insecurity, provide more affordable housing options, get children off to a strong start in both education and health, and remove barriers for disadvantaged communities. See the recommendations here.
Help for some who may be struggling: The Michigan Unemployment Agency has been ordered to stop collections for some workers.
|
|
|
But there's always more news to come, and you can find the latest any time at MLive.com. If you value the hard work of Michigan journalists like the reporters we feature here, consider becoming an MLive subscriber. Have a safe day. We'll see you here tomorrow. — Jessica Shepherd |
|
|
WANT TO SHARE THIS NEWSLETTER WITH A FRIEND? |
Did someone share this newsletter with you? Click here to never miss a day! |
|
|
To contact the newsrooms for any of our publications regarding technical support, news tips, classified ads and other inquiries, please click here. |
|
|
Special Offer MLive.com Unlimited Digital Access. |
|
|
$1 /first 3 months (cancel anytime) |
| |
|
$1 /first 3 months (cancel anytime) |
| |
|
INTERESTED IN ADVERTISING OR SPONSORING OUR NEWSLETTERS? |
|
|
You received this email because you opted in to the newsletter. To ensure receipt of our emails, please add newsletters@update.mlive.com to your address book or safe sender list. MLive Media Group 169 Monroe NW #100Grand Rapids, MI 49503 Contact us | Unsubscribe | Privacy Policy |
|
|
|