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News | Michigan

MICHIGAN

Volatile market rebounds

The market has risen from the ashes, but experts are still warning about the possibility of getting burned.The Nasdaq composite index rose about 5.3 percent, or 76.21 points, and the Dow Jones industrial average grossed 368.05 points or about 4.5 percent.Lyle Schonberger, director of research for H&R Block Financial Advisors’ Detroit office, said the rise is from when a couple major brokerages announced positive comments about the market Monday morning.“I think stocks last week fell farther than they should, so that led to some buying,” he said.Schonberger said there is potential for a couple of days when the market might rebound, but there may be some problems.“I think there is still too many uncertainties to upset the market at this point,” he said.Vic Loomis, senior vice president and senior leader for National City Bank of Michigan/Illinois, said the rise could be attributed to a number of reasons.Loomis, an East Lansing City Council candidate who is also chairman of the city’s Downtown Development Authority, said the market is still subject to volatility and hopes the market will establish a base.“I hope what we are seeing today is an expression that the economy is still in pretty good shape,” Loomis said.But some experts feel airline stocks are still unstable.Donna Majauskas, an investment representative for Edward Jones, 1200 Michigan Ave., said she directs her clients toward more stable stocks such as medical and Wal-Mart.“All of the analysts are saying no, that it is just too volatile of an industry,” she said.But Charles Ballard, an MSU economics professor, said airlines are still a worthy investment.“The airlines were up today, and the only reason they can be up is that some people were eager to buy those stocks.

MICHIGAN

Public Response provides E.L. residents with voice

Sometimes a silenced voice can become the loudest of them all. In 1998, Jim Cuddeback was tired of citizens’ concerns falling on what he considered to be deaf, indifferent ears and made it his personal job to have those voices heard in the East Lansing community. He began a grass-roots Internet newsletter and Web site called Public Response, providing an open forum for discussion among its subscribers.

MICHIGAN

New fiber optic sign saves local business money, energy

It isn’t a Lite-Brite but East Lansing will be turning on the magical color light.Urban Options, 405 Grove St., has installed a new energy-efficient sign using fiber-optic light.By using fiber optics and a light pipe design system, energy is saved by using one bulb that transmits light over the distance of the outdoor sign.This is a more efficient use of energy because neon signs involve heating up neon gasses and keeping them lit.

MICHIGAN

Tobacco settlement spending challenged

Michigan Attorney General Jennifer Granholm is calling on the state Legislature to re-examine its priorities in appropriating Michigan’s share of the $206 billion national tobacco settlement.Granholm hosted Mississippi Attorney General Mike Moore, who led lawsuit efforts against the tobacco companies in 1994, for meetings with MSU students and state leaders Thursday.

MICHIGAN

Volunteers cleanup endeavor to focus on Grand, Red Cedar rivers

The Red Cedar and Grand rivers will be so fresh and so clean after Saturday.The MSU Sportfishing Club, the Mid-Michigan Environmental Action Council and the Lansing Board of Water and Light, 1232 Haco Drive in Lansing, are inviting residents to help clean the banks of both rivers.The project is part of the Adopt-A-River program, which has been working to clean the area rivers since 1994.Volunteers wishing to help the club’s cleanup of the Red Cedar River should meet at Sparty at 10 a.m.

MICHIGAN

State Senate brings U closer to tax credit refund

The state Senate voted Wednesday to repeal Michigan’s Tuition Tax Credit, bringing MSU students a step closer to rebates, refunds and reductions of tuition.The Senate voted 21-14 in favor of eliminating the tax credit, which served as an incentive for institutions to keep tuition increases below the rate of inflation.

MICHIGAN

Councilmember plans benefit breakfast for United Way fund

When East Lansing City Councilmember Bev Baten saw a group of children on the news come out of their school to cheer the firefighters in the station across the street, she realized it was important for East Lansing to honor its emergency workers. Planning is underway for “Breakfast for America,” a pancake breakfast to benefit the New York City United Way September 11 Fund and to showcase local rescue workers. The event will be held from 9 a.m.

MICHIGAN

Faculty members serve governor, environment

Two MSU staff members will once again be voicing their opinions on Michigan’s environment.David Long, professor of aqueous and environmental geo-chemistry, and Lawrence Fischer, director of the Institute for Environmental Toxicology, were reappointed to positions on the Michigan Environmental Science Board by Gov.

MICHIGAN

Election task force calls for better training

The Michigan Task Force on Voting Reform, led by state Sen. Dianne Byrum, released a report Wednesday saying elections can be improved by increasing training and accessibility.After more than 30 hours of testimony were given at six meetings in the last six months, the 18-member, bipartisan task force released the report, “Voting Reform: A Report of the People,” which included recommendations for the state on how to reform elections.“I am very excited about these findings,” Byrum said.

MICHIGAN

Surveys reveal Americans favor military retaliation

One week after terrorist attacks on the World Trade Center and the Pentagon, some feel it is too soon to accurately record Americans’ thoughts on war and retaliation.But several surveys of Americans days after the attacks indicate many feel retaliation and war are necessary actions.In a CBS News poll given to 1,041 Americans on Sept.

MICHIGAN

State leaders raise funds

Lansing - State leaders stood on the Capitol steps Tuesday afternoon to lend support for breast cancer fund-raising efforts.Lee National Denim Day is an annual event by the Susan G.