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Great Lakes Wire

Friday, February 21, 2025

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Regulation

Analysis: Credit card regs opposed by MI bankers could lead to $227 billion loss in U.S. economic activity

Federal credit card regulations proposed in 2023 could lead to a loss of $227 billion in economic activity and 156,000 job losses, according to an analysis conducted for the Electronic Payments Coalition (EPC) by Oxford Economics Research (OER).

By Great Lakes Wire reports | Jan 30, 2025

Regulation

Michigan Bankers Association: Proposed federal credit card regs would end credit card reward programs and put credit card data at risk

The Michigan Bankers Association (MBA) chief policy officer said that bank customers' private data would be at risk if pending federal credit card regulations became law.

By Great Lakes Wire reports | Sep 18, 2024

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Financial Researcher: Michiganders could see increase in credit card fraud under proposed credit card regulations

By Great Lakes Wire News Service | Apr 25, 2024

Glenn Grossman, the director of research at financial advisory firm Cornerstone Advisors, said the pending federal “Credit Card Competition Act of 2023” (CCCA) could lead to an increase in credit card fraud.

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AFP Senior Policy Analyst David Voorman 'We commend the committee for prioritizing and raising awareness of the state of free speech at colleges and universities'

By Great Lakes Wire | Sep 29, 2023

On Sep 26th, David Voorman, senior policy analyst at Americans for Prosperity Michigan, praised the House Committee on Education and the Workforce for addressing First Amendment freedom threats in colleges and universities on September 26th. The organization emphasizes the defense of constitutional rights for students and scholars and advocates for open and civil debate in higher education.

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Michigan's Gilchrist on Operation Safe Neighborhoods: 'We are committed to investing in public safety and safe communities'

By Great Lakes Wire Report | Jan 6, 2023

State leaders continue to tout the Operation Safe Neighborhoods program as an ongoing success.

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Survey: Michiganders to spend 20% more than Turkey Day 2021

By Great Lakes Wire Report | Nov 18, 2022

A recent Thanksgiving grocery report says that shoppers will spend more money for the holiday meal than they did a year ago.

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Poll: ‘76% say grocery prices have risen in last month’ as economy headed for recession

By Andy Nghiem | Oct 21, 2022

According to Ballotpedia’s most recent Scott Rasmussen Number of the Day poll, a majority of voters have seen grocery prices and gas prices rise in the past month. Economists are predicting a recession is coming and inflation is not going away anytime soon. Some economists say inflation is tied to government spending, supply chain logistics and the war in Ukraine. Sen. Gary Peters has historically supported many of the spending bills under the Biden administration.

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Lange: Michigan saves taxpayers $53 million on energy costs through ‘innovative use of available technologies'

By Art Benavidez | Oct 20, 2022

The state government has taken measures to mitigate energy consumption in state buildings in an effort to save taxpayers' money.

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As Michigan's gas prices reach record levels, Jean-Pierre castigates OPEC for constricting oil supply: 'The decision that OPEC+ made last week was a mistake'

By Art Benavidez | Oct 20, 2022

President Biden’s administration is diligently preparing to mitigate rising gas prices amidst OPEC’s controversial decision to slash production of oil by two million barrels per day.

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Michigan’s inflation rate increased as core inflation 'accelerated' to 'highest since 1982'

By Emily Bevard | Oct 13, 2022

As the US Bureau of Labor Statistics released the numbers on inflation for the Midwest Region, including Michigan, today, data shows inflation at 8.1%, meaning the consumer price index (CPI) has increased 8.1% in September of this year compared to 2021.

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Rapier: Biden’s draining of SPR 'contradicts key objectives of reducing carbon emissions'

By Art Benavidez | Oct 3, 2022

President Biden is being criticized for utilizing the strategic petroleum reserve (SPR).

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Wall Street Journal opinion writer on border crisis: 'The true culprits are in Washington, not Austin'

By David Beasley | Sep 22, 2022

The crisis at the border has worsened more this year than any year before.

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Washington Post columnist: 'Inflation has been eating up wage gains since April 2021'

By Art Benavidez | Sep 19, 2022

Michigan families continue to make stark decisions involving finances that continue to be compromised due to inflation.

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Biden’s student loan forgiveness to raise tuition for future generations, as economists suggest '60% will be countered by tuition hikes'

By Art Benavidez | Sep 6, 2022

Critics are taking Biden's student loan forgiveness initiative to task because they believe it will only raise tuition in the future.

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Border patrol chief agent: 'Encounters have increased over 92% from last year'

By David Beasley | Aug 31, 2022

The continuing border crisis has resulted in a 92% increase in encounters in the Swanton Sector, which includes counties in Vermont, New York and New Hampshire, according to the U.S. Customs and Border Protection Agency.

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AAA spokesperson: 'People are fueling up less, despite this being the height of the traditional summer driving season'

By Andy Nghiem | Jul 22, 2022

Gas prices across the country continued to decline again in the last week, but Americans are still paying a premium at the pump. As Michigan's average is reportedly $4.49 per gallon, Friday's Gasoline Misery Index for the state currently sits at $690. Andrew Gross, spokesperson of American Automobile Association (AAA), said a combination of both lower oil prices and lower domestic demand are contributing to the drop in pump prices.

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Michigan's Gas Misery Index still high despite Biden's draining of America's Strategic Petroleum Reserve

By Andy Nghiem | Jul 21, 2022

President Biden announced the use of Strategic Petroleum Reserve (SPR) crude oil with the goal of bringing down gas prices for American consumers, on March 31. Since then, the price of gas has increased over 6% and Georgia's Gas Misery Index has remained high since the SPR was tapped.

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Biggs calls Biden's national energy policies 'hypocrisy' as Michiganders continue struggle to pay for gas

By David Beasley | Jul 11, 2022

As Michiganders continue to feel pain at the pump, President Joe Biden has stifled American energy production since he entered office in his effort to end fossil fuels completely.

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AAA on oil: 'Crude prices have dropped this week'

By Art Benavidez | Jun 24, 2022

Motorists in Michigan will spend $1,102 more on gas than they did a year ago, according to this week's Gas Misery Index. The average price for a gallon of gas is 33 cents higher than a month ago at $5.09, according to the report.

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Voter Reference Foundation’s Swoboda: Electronic Registration Information Center ‘flawed by the complete lack of transparency’

By Tamara Browning | Jun 23, 2022

The executive director of a foundation that seeks to ensure “transparent, accurate and fair” U.S. elections has criticized the transparency of the Electronic Registration Information Center.