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WSU TO HOST ENTREPRENEUR'S SUMMIT: A big conference at Wayne State University Wednesday is designed for Metro Detroiters who dream of starting their own business. The "E2 Detroit Entrepreneurs' Conference" is being put on by Wayne State's Tech Town -- which acts as an incubator for new business development. Roger Penske was originally scheduled to headline the event, but a WSU spokeswoman told WWJ that a scheduling conflict will require him to be overseas. Lisa Stern, founder and CEO of Big Communications, will serve as keynote speaker instead. More...
MSU STUDY: 60% IN MICH. SAY THEY'RE WORSE OFF THAN IN '04: Are you better off today than you were four years ago? A new poll finds that 60% of Michigan adults say 'no'. But the study, done by researchers at Michigan State University, finds that more than half say things will be better a year from now. The 60% who say their personal finances are worse than 4 years ago is the highest percentage ever recorded in the survey since it was started 14 years ago. More...
FORECASTERS SEE WOBBLY U.S. ECONOMY AHEAD: A growing number of economists believe the United States is on the brink of - or already in - its first recession since 2001 and that it will be longer lasting. That's part of the latest outlook from forecasters in a survey to be released Monday by the National Association for Business Economics, also know by its acronym NABE.Close to 69 percent of the economists think the economy has started or will enter a recession this year. That's up from 56 percent in a survey in May.The general view is that this recession will be longer than the last two - lasting roughly one year, but relatively mild," the survey concluded. More...
EMERGING MARKET INVESTMENT: A SAFE BET?: CBS News' Lary Magid reports that the current economic crisis has a lot of people wondering where to put their money. The stock market is chaotic, some banks are wobbly and real estate, that old standby, is on a downward spiral. But before you start stuffing money under your mattress, consider going online to loan some of it to a strawberry farmer in Ecuador, a secondhand clothing store in Senegal or a health food store in Zapata, Texas. Loans like these can be surprisingly safe and, in some cases, pay as high an interest rate as bank CDs. More...
MICHIGAN MONEY SUMMIT: Join WWJ Newsradio 950 at the Vistatech Center at Schoolcraft College for the free financial seminar "Michigan Money Summit – Managing Your Money In Difficult Times." WWJ Newsradio 950's Murray Feldman will host this timely event, designed to give you information on how to save more money, protect your assets, plan for the future and grow your income. More...
YOUR MONEY: MANAGING CERTIFICATES OF DEPOSITS: Associated Press Personal Finance editor Trevor Delaney offers guidance on managing your certificates of deposit. Video
WORLDWIDE AUTOMOTIVE REPORT PODCAST: GM looks to use its headquarters building to raise cash. Auto stocks hit new lows. Oil and gasoline prices also fall. Details from WWJ AutoBeat Reporter, Jeff Gilbert:
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