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Michigan news briefs
National City Corp. said its first-quarter earnings fell to $319.2 million, or 50 cents a share, compared with $458.8 million, or 74 cents a share, in the same period in 2006. The Cleveland-based bank with several branches in Michigan said Monday that weakness in its mortgage lending business resulted in the 30% decline in profits for the Jan 1.-March 31 period. .
Gordon Scott, Actor Who Played Tarzan in 1950s, Dies at 80
Scott, who had been living with friends in a working-class section of Baltimore, died April 30 at Johns Hopkins Hospital of complications following several heart surgeries, the Baltimore Sun reported today. Scott made 25 movies including ``Tarzan and the Lost Safari'' (1957), ``Tarzan's Fight for Life'' (1958), ``Tarzan and the Trappers'' (1958), ``Tarzan's Greatest Adventure'' (1959) and ``Tarzan the Magnificent'' (1960), according to the Internet Movie Database. One of his co-stars in the 1959 film was Sean Connery. He played heroes across the spectrum of history and mythology, from Remus and Julius Caesar to Samson and Goliath. The Tarzan character, created by author Edgar Rice Burroughs, was also played by Johnny Weissmuller and Larry ``Buster'' Crabbe.
New arena would be a boon for the city, despite fear and pessimism
Taxpayers demand the most mediocrity that discount prices can buy. Thus, our prefab architecture, our LRT to nowhere and our frigging potholes by the thousands. Which brings us to the as-yet-unseen, but-already-controversial proposal for a $400-million to $500-million arena project, likely downtown. .
Do your children know how to handle money?
LAS CRUCES — Do you have credit card debt? Have you set up a household budget? Does your checkbook balance? Many adults struggle with financial issues. Whether you struggle to make mortgage payments on time or find the money to buy new tires for your car, there always seems to be some sort of financial calamity hiding just around the corner for many Americans. So, who is teaching your children good financial habits? Margaret Webb Pressler, a business writer for the Washington Post, reported recently that, "It's not only parents who are worried about the temptations young people face — it's also the financial institutions that will need those children as customers in the future. Banks, investment firms and credit unions are spending an increasing amount of time and money on programs and Web sites that teach kids the ABCs of money management.
Court shield sought
Evergreen Homes LLC, an Akron company that sold new and rehabilitated homes and lots, and its affiliates -- one of which sold high-yield rate investment certificates -- have filed for Chapter 11 bankruptcy court protection. Evergreen Homes, Evergreen Builders, LLC and Evergreen Investment Corp. filed the paperwork on Sunday with the Northern District of Ohio's U.S. Bankruptcy Court in Akron. In an e-mailed statement on Monday, Evergreen President David Willan said the Chapter 11 bankruptcy reorganization ``will permit us to protect current investors and stakeholders in the company, and allow us to continue with normal business operations. It is important to understand that this restructuring will enable us to emerge as a viable company in the future.'' In Chapter 11 reorganization, creditors vote on whether to accept or reject a plan, which also must be approved by the court.
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