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Interview with Monica Martinez, commissioner of Michigan Public Service Commission

Using Credit Scores to Determine Auto Insurance Premiums

As of right now, 93% of Michigan insurance companies use credit scores in order to determine rates that people pay for insurance. The use of credit scoring was authorized by the Michigan Legislature in 1996, but now some people are fighting to eliminate the use of credit scoring.

Tax Abatements In Michigan History

Now three decades later, it is questioned how effective these tax abatements have been. Have they helped the Michigan economy to diversify and create jobs or shifted jobs and creativity else where?

HB 4890 & HB 4891 Life Insurance Regulation

On May 13, 2009 House Representative Barb Byrum along with several other Representatives proposed HB 4890 and HB 4891 which both deal with prohibiting STOLI (stranger originated life insurance). The basic issue of this legislation is if individuals with life insurance should have the option to sell their policy to a third party so they can access their money that was likely not going to be used for insurance purposes. Such transactions are known as "viatical settlement transactions". "The viatical settlement transaction uses an insurance product to be sold in a secondary market as the financial instrument on which the investment is based." (Office of Financial and Insurance Regulation OFIR) As today's economic times toughen it seems that more and more people are using the viatical settlement market to get cash when their life insurance policy is becoming less useful due to nonpayment of premiums.

MEDC and Its Programs

The MEDC or Michigan Economic Development Corporation was formed in 1999 by the state of Michigan with the help of local governments and communities. It's primary purpose is to assist Michigan companies to stay alive in this competitive and ever changing global economy. The MEDC fulfills this purpose through several programs, each geared towards a specific goal but with the overarching goals of: business retention, expansion and relocation.
Commerce and Regulation
Time to Reconsider Alcohol Regulation? PDF Print E-mail
Written by Peter Croce   
Thursday, 10 November 2011 21:32

With the new keg tagging law coming into effect this month, Michigan’s alcohol regulations are finally being discussed at least among college-aged house partiers.  However, while these laws effect a mass of individuals, the subject of regulation is rarely discussed, possibly due to how complicated it can seem.

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Michigan Film Office Interview PDF Print E-mail
Written by Michael Thom   
Tuesday, 08 November 2011 00:06
Transcript of Kyle Celebuski’s interview with the Michigan Film Office’s Michelle Begnoche.

 

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Michigan Film Office Overview PDF Print E-mail
Written by Kyle Celebuski   
Monday, 31 October 2011 20:20
One of the unique solutions to Michigan's economic woes was the idea of turning the state into a "Hollywood" of sorts using incentives to attract new, entertainment industry jobs.  Supporters believed that as the precedent of filming in Michigan was established, productions would continue coming to Michigan to take advantage of the state's natural beauty after the incentives were withdrawn.  The Michigan Film Office was created to administer this program.

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States Divided Over Asian Carp Barrier PDF Print E-mail
Written by Michael Malloy   
Monday, 03 October 2011 18:25

With invasive Asian carp now established in waterways near Chicago, politicians and officials in the Great Lakes states are pushing for immediate action to prevent the fish from ever entering Lake Michigan. But the one state with control over the situation, Illinois, believes that sufficient action has already been taken.

The debate hinges on the question of whether or not a group of electric barriers currently in place are effective in blocking the movement of the carp. Those who question the barriers' ability are pushing for the closing of the Chicago Sanitary and Ship Canal, a man-made waterway connecting the Great Lakes to the Mississippi River through the Chicago and Calumet rivers.

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Medical Marijuana Court of Appeals Ruling PDF Print E-mail
Written by Magnus Dahlberg   
Wednesday, 31 August 2011 19:39

Nearly 100,000 medical marijuana patients may have to find another means of purchasing their medication following a Michigan Court of Appeals ruling published on August 23rd. The Court ruled that Compassionate Apothecary, a medical marijuana dispensary, was not operating in accordance with the provisions of the Michigan Medical Marihuana Act (MMMA), thus making it a public nuisance for violating the Public Health Code. More specifically, Compassionate Apothecary was in violation of the provision that states that the "medical use" of marijuana does not include patient-to-patient "sales" of marijuana, and no other provision of the MMMA can be read to permit such sales. So essentially, Michigan has passed a law which allows for the use of marijuana for medical purposes but does not necessarily allow for the purchase or sale of marijuana. This raises several concerns for lawmakers, who will now need to decide the future of medical marijuana in Michigan, dispensaries across Michigan, and patients needing marijuana for medical purposes.

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The Michigan Policy Network is a student-led public education and research program to report and organize news and information about the political process surrounding Michigan state policy issues. It is run out of the Department of Political Science at Michigan State University, with participation by students from the College of Social Science, the College of Communication, and James Madison College. 

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Meet your Policy Fellow

Marie Hallberg is the commerce & regulation correspondent for the Michigan Policy Network and a first-year student at Michigan State University. Currently, she is a no preference major, but is interested in either a teaching or communications degree. Marie is very excited to be attending MSU and anxious to explore the opportunities that are available to her. Marie is originally from Illinois and enjoys hanging out with her family and friends, reading, and being in band. Her career aspirations include a job focused on serving and working with people, possibly in the guest service area. She is very interested in using her experience on the Michigan Policy Network to help better her understanding of the Michigan government and how its policies ultimately affect the citizens of Michigan.

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