10 Scenes from the Ongoing Global Economic Collapse (via Market Shadows) Courtesy of Michael Snyder of The Economic Collapse When is the economic collapse going to happen? Just open up your eyes and take a look around the globe. The next wave of the economic collapse may not have reached Wall Street yet, but it is already deeply affecting billions of ... Read More »
Kiva Flint launch means community-based microloans for entrepreneurship, business growth (via Mlive.com) Marcus Bieth, owner of Mark 3 Graphic Design, addresses a crowd at the launch of Kiva Flint on Friday, May 10. Bieth is one of four Flint business owners who will receive a Kiva micro-loan through the organization’s unique online micro-lending program.Jeremy Allen | jallen42@mlive.com FLINT, MI –… Read More »
How Grand Rapids inventor convinced Detroit Tigers to sell his product (via Mlive.com) CALEDONIA, MI — This year at the Detroit Tigers’ gift shop at Comerica Park you’ll find SafePocketBaseball, a product invented and now manufactured in West Michigan. The compact wallet is the 51st invention – and the 48th and 49th patents – for longtime inventor Mike Suman, 62, ... Read More »
Opportunity Detroit and D:hive team up to bring more pop-ups to Woodward Ave. (via blog.thedetroithub.com) Retail! Retail! We need more retail! That’s the constant chant as downtown Detroit works to transform itself. Over the past few weeks Opportunity Detroit has laid out several plans to do just that. One of the most recent is a partnership with D:hive to bring ... Read More »
Entrepreneur/Writer Joseph Holland Releases Inspirational App iHardware (via PR Newswire) New lifestyle app features motivational video and interactive functions to inspire users. NEW YORK, April 10, 2013 /PRNewswire-iReach/ — Long-standing, Harlem-based entrepreneur and writer Joseph Holland announced the release of iHardware, a trailblazing lifestyle smartphone app that provides inspirational… Read More »
Detroit Leaders Launch Opportunity Detroit’s Placemaking and Retail Vision for City’s Urban Core (via PR Newswire) - Bold, aggressive plan to create top urban center – DETROIT, March 28, 2013 /PRNewswire/ – Rock Ventures, joined by the Downtown Detroit Partnership (DDP) and Detroit Economic Growth Corporation, today shared a visionary placemaking and retail plan for Detroit’s urban core with more than ... Read More »
A high-school student’s company is being acquired by Yahoo in CEO Marissa Mayer’s latest talent search. Summly, a mobile news aggregation app, was created by Nick D’Aloisio (top), who recently turned 17. Yahoo is reportedly paying 30 million dollars for Summly and is expected to kill the app, but says in a blog post that its technology will make its way into ... Read More »
By David Muller | dmuller@mlive.com DETROIT, MI - A Detroit-based online office supplies start-up announced Monday that it has raised $750,000 in capital, and declared its intent to capture a piece of the $30 billion school supply industry. Chalkfly was given the Series AA funding, which is typically aimed at less capital-intensive growth and aimed at attracting early investors, from Detroit Venture ... Read More »
By: Alexander George | www.wired.com Picture an assembly line not that isn’t made up of robotic arms spewing sparks to weld heavy steel, but a warehouse of plastic-spraying printers producing light, cheap and highly efficient automobiles. If Jim Kor’s dream is realized, that’s exactly how the next generation of urban runabouts will be produced. His creation is called the Urbee 2 and ... Read More »
By Sunil Ajwani | StonesDetroit.com According to the Financial Times, WhatsApp “has done to SMS on mobile phones what Skype did to international calling on landlines.” I’ve talked about this story a few times in my previous blog postings, so bear with me. During a beautiful summer night in 2009, i was sitting in the garage with all of my ... Read More »
By: Dave Rupe | www.stonesdetroit.com The country has a strange attitude towards the less fortunate. There probably isn’t a single day that goes by where I don’t see or hear someone bitching about bridge cards, or other government assistance programs. The debates often become heated. Opponents trade nasty name calling and blood pressure rises. Some despise assistance programs because they believe the ... Read More »
By: Royal Bank of Scotland | www.rbs.com Assessing some Cracks in the Foundation Most measures of investor sentiment rest deep within the optimistic domain. This, combined with the recent decline in volatility and performance correlation, suggests that investors have become much less concerned about the macro economy. A serious correction has so far failed to materialize and shake out some ... Read More »
Avi Dan, Contributor | http://www.forbes.com New York City is about to crack down on soda but parents still face a challenge: weaning their children of the sugary stuff. Awareness of childhood obesity is just beginning, and the statistics are troubling: one in three children are obese and this generation of children is expected to have a shorter lifespan than their parents. ... Read More »
By Douglas A. McIntyre, Alexander E.M. Hess and Samuel Weigley 24/7 Wall St. (via USA Today) For every Sergey Brin, there is a Michael Dell. While the Google co-founder and CEO made his company one of the most valuable in the world with its shares trading near an all-time high, Dell has laid waste to his namesake. Dell and financial supporters offered to ... Read More »
By MARK BINELLI | contributing writer – Rolling Stones DETROIT WITH the fourth anniversary of the Obama administration’s auto bailout approaching, the Detroit comeback narrative has settled into accepted history. Just last week, Chrysler, once the wobbliest of the Big Three, announced a ninefold increase in profits since 2011. In its Sunday Super Bowl ad, the company exuded such confidence, it no longer felt the need ... Read More »
By: Edna Gundersen, USA TODAY The series chronicles the owners of a sneaker shop that draws rappers and sports stars. Detroit Rubber, a weekly reality series about a sneaker shop in recession-battered Detroit, launched Tuesday on YouTube’s Loud Channel with Eminem serving as co-producer. The show tracks Rick Williams and Roland “Ro” Coit as they struggle to maintain a business ... Read More »
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