GM Downsizing in North America: Closing Factories, Cutting Jobs

GM Downsizing in North America: Closing Factories, Cutting Jobs

Last Tuesday, November 27, Mike Colias of the Wall Street Journal reported that GM will close several factories in North America and cut up to 14,800 jobs. Spurred by slowing sedan sales, the changes affect plants in Michigan, Ohio, and Canada. This is the first major downsizing since the company’s bankruptcy in 2009. Reducing GM’s […]

Mandy Harvey Performing at FSU’s Opperman Music Hall

Mandy Harvey Performing at FSU’s Opperman Music Hall

On Thursday, December 6, Florida State University will host Mandy Harvey at the Opperman Music Hall. Tickets are still available at www.openingnights.fsu.edu for $45, $22 for students. Ms. Harvey shocked the world as a participant in the 12th season of America’s Got Talent. She brings a beautiful voice and inspiring story to Tallahassee. Florida State […]

Mortgage Cash-Out Refinancing Hits Record, Resembles Behavior that Led to 2008 Crisis

Mortgage Cash-Out Refinancing Hits Record, Resembles Behavior that Led to 2008 Crisis

Americans have hit the highest share of cash-out refinancing since 2007 warns a recent Wall Street Journal article by Ben Eisen and Christina Rexrode. Specifically, more than 80% of borrowers who refinanced in the third quarter chose the “cash out” option, withdrawing $14.6 billion in equity out of their homes, according to government-sponsored mortgage corporation […]