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Finance
Michigan Looks For Money In The Mines Print E-mail
Nation - Finance
Jim Malewitz (Stateline)   
Saturday, 26 May 2012 02:00
A new nickel and copper mine at Marquette, Michigan will be a major addition to the state’s mineral extraction industry. (AP).Marquette, MI, USA. Michigan wants to control the tax revenue mineral mining brings in. Some local governments on the Upper Peninsula see that as a violation of their rights.

It’s a long drive from Marquette to Lansing: more than 400 miles in all, including a five-mile trip across the Straits of Mackinac, divider of Michigan’s peninsulas. So it’s easy to see why local officials here might not feel connected to lawmakers in the state capital.

Last Updated on Friday, 25 May 2012 07:25
 
Kansas and Oklahoma Income Tax Cuts Won’t Reach Zero Print E-mail
Nation - Finance
Josh Goodman (Stateline)   
Sunday, 20 May 2012 02:00
Scissors.Washington, DC, USA. As budget situations have improved in recent months, more states — especially those with Republicans in charge — have considered tax cuts again.

Heading into this year’s legislative sessions, conservative lawmakers in Kansas and Oklahoma hoped to enact big income tax cuts. Some even aspired to make Kansas or Oklahoma the first state to eliminate personal income taxes since Alaska did it in 1980.

Last Updated on Saturday, 19 May 2012 21:38
 
State Pension Chief Warns of Huge Retirement Burden Print E-mail
Nation - Finance
Stephen C. Fehr (Stateline)   
Thursday, 17 May 2012 02:00
Denver, Colorado.Denver, CO, USA. After service heading public employee pension systems in Colorado and Kansas, Meredith Williams says Americans are woefully underprepared for retirement.

Williams has headed public employee pension systems in both Colorado and Kansas. During his nearly 21 years in those jobs, he has witnessed great changes in the scope and generosity of retirement benefits offered to state workers.

Last Updated on Wednesday, 16 May 2012 18:53
 
New Federal Rules Unsettle Insurance Regulators Print E-mail
Nation - Finance
Daniel C. Vock (Stateline)   
Tuesday, 15 May 2012 02:00
Financial Stability Oversight Council (FSOC) Meeting.Washington, DC, USA. The federal government leaves most insurance regulation to the states, but passage of the Dodd-Frank law inserted the feds more deeply into the mix.

Congress passed the 848-page Dodd-Frank law two years ago to try to prevent another financial meltdown like the one that sent the economy into a tailspin in 2008. It rewrites many of the federal rules covering banks and insurance companies to prevent businesses from becoming “too big to fail.”

Last Updated on Tuesday, 15 May 2012 06:52
 
State Renewable Energy Funding Gets Creative Print E-mail
Nation - Finance
TS-Si News Service   
Sunday, 29 April 2012 02:00
Solar Farm.Washington, DC, USA. The US federal government drastically reduced its funding for renewable energy so the states came up with some unusual ways to try and replace the money.

Hawaii in recent years has been good to the solar industry, and that's not just because the state's geography promises a steady supply of rays.

Last Updated on Saturday, 28 April 2012 14:52
 
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