A Notice From Changing Gears

The economic transformation of the industrial Midwest will continue to be a principal reality in the communities served by our stations, WBEZ, Michigan Radio, and WCPN ideastream, and the coverage of that change will continue to be our priority.

But change, as our project name implies, is inescapable, and we are not immune. This blog will continue to be a repository for coverage about this topic, However it will not continue to be updated with the frequency it has for the past two years.

Web Chat TODAY 3 pm ET/2 pm CT on Changing Expectations

You’ve been reading our stories of Changing Expectations. Now, join us Monday for a live chat, and come armed with your questions about planning for the future. 

Our guest will be Mickey Meece, a veteran editor and writer for The New York Times, who blogs on consumer issues at Forbes.com. Meece, who also teaches college journalists, will take your questions.

We’ll also talk with some people who’ve been featured in our stories, and members of the Changing Gears team will join us.

So, are you thinking about how to pay for college? The kind of job you’d like to get? Are you dealing with mortgage issues, or rethinking your retirement? Stop by at 3 pm ET/2 pm CT. Meg Cramer, our Public Insight Analyst, will be hosting the chat.

Chrysler’s First Quarter Results Keep It On Track

Three years ago this month, Chrysler was about to enter a federally managed bankruptcythat saved it from liquidation.

Chrysler logo/photo by Ricardo Giaviti via Flickr

Today, Chrysler, which is based in Auburn Hills, Mich., said it earned $473 million in the first quarter, its best results since the SUV-profit fueled first quarter of 1998, and almost four times what it earned in the same period last year. Chrysler’s revenue in the quarter was $16.4 billion, up 25 percent from a year ago.

The Chrysler earnings keep it on track to reach its goal of earning $1.5 billion for 2012, and $25 billion in revenue. The results are the best since Chrysler began reporting quarterly profits again after its bailout.

The strong results mean that Chrysler’s 26,000 U.S. hourly workers will get bonuses of $1,750 each for 2011.

Read more about Chrysler’s results in The New York Times.

Gloomy News For Our Cities In A Housing Forecast

Big cities around the country are finally seeing the bottom for their dropping house prices, according to Zillow, Inc. The only problem is that it isn’t happening in two of our big cities –

Home prices are still dropping in Chicago/photo by Frank Gruber

Chicago and Cleveland.

Zillow, a real estate forecaster, says it doesn’t expect home prices in either of those two places to bottom out in 2012. That’s even though home prices nationally rose 0.5 percent, according to the Zillow Home Value Index.

Nationally, Zillow says home prices remain 25 percent below their levels in 2007. It doesn’t  expect much of an increase in prices nationally this year. You can read a Bloomberg story about the Zillow forecast here. 

Chicago and Cleveland are among 11 cities that are still seeing home prices fall. Others are San Francisco, Charlotte, Seattle and Atlanta. Places where home prices are rising include Phoenix and Miami, according to Zillow.

Home values are one of the things that are prompting people to adjust their expectations about the future. Read our Changing Gears Tumblr on Changing Expectations.

Midwest Memo: Fracking In Michigan, Walker’s Jobs Problem And Water Rules In Ohio

Emergency Managers on watch A group opposed to Michigan’s emergency manager law appears to have gotten enough signatures to put the law to a voter referendum.

Jobs, jobs, jobs The Christian Science Monitor looks at one major obstacle for Wisconsin governor Scott Walker in his recall election: Over the last 12 months, Wisconsin lost more jobs than any other state in the country.

Border war A Chicago-based furniture maker is moving to northern Indiana, according to the Chicago Tribune. The paper says Selected Furniture will get a $425,000 tax credit from Indiana to make the move.

Water rules Partner station WCPN Ideastream reports the Ohio House has approved new legislation to limit the amount of water companies can take out of Lake Erie. It’s Ohio’s second attempt at such legislation. Other Great Lakes states have approved similar rules.

Fracking in MIchigan Partner station Michigan Radio reports that the debate over “fracking” has arrived in Lansing.

Midwest Memo: Rahm’s In Charge, Ohio Steel Bounces Back And We’re Hosting A Call-In Show

Tune in Today at 3 p.m. ET/2p.m CT, Changing Gears is hosting a live call in show on “Hidden Assets” of the Midwest economy. Michigan governor Rick Snyder will be joining us for the show, and we’ll have a live chat here at changinggears.info.

Rahm in charge Chicago Mayor Rahm Emanuel won approval from City Council yesterday to move ahead with his $7.2 billion infrastructure plan. The vote wasn’t even close, which prompted the Chicago Tribune to say the mayor is “firmly in control.”

Mo’ money, mo’ physics Officials at Michigan State University are getting some good news. The state’s Senate delegation says MSU’s planned Facility for Rare Isotope Beams will get an extra $8 million in federal funds. The facility is expected to be a leader in the study of particle physics. The extra $8 million still puts the facility $25 million below what MSU leaders had hoped for from the government.

Real steel The New York Times reports on $1.5 billion worth of investment in Ohio’s steel industry. After a painful recession, the Times says Ohio’s still industry is bouncing back, thanks to the state’s booming natural gas market and increased demand for new vehicles.

Join Us TODAY 3 PM ET/2 PM CT For “Hidden Assets,” A Call-In Show And Live Chat On Immigration

Throughout the past two years, Changing Gears has looked at the role that newcomers play in the Midwest. This afternoon, we’ll be talking about them — and talking with you. 

Join us at 3 pm ET/2 pm CT for “Hidden Assets,” a call-in show airing on WBEZ Chicago, Michigan Radio and ideastream Cleveland. We’ll also be holding a live chat here at ChangingGears.info.

WBEZ’s Steve Edwards will host with a variety of scheduled guests, including Michigan’s governor, Rick Snyder, and Changing Gears reporter Niala Boodhoo. The Changing Gears team will chat with you here during the show.

Midwest Memo: GE Jobs, Nobel Laureates, Obama Campaign, CG Events

GE Adds Jobs, Faces Protestors: General Electric said Tuesday it is adding 300 jobs in Van Buren Township, Mich., at an advanced engineering center that it announced in 2009. That’s on top of 850 jobs for which the company is still hiring. But GE chief executive Jeffrey Immelt faced protests at a meeting of the Society of Automotive Engineers in Detroit. Members of the 99% Spring movement are planning to protest Immelt’s pay and other issues at GE’s annual shareholders meeting, which will be held in Detroit on Wednesday. Read our coverage of the 99% Spring here

Nobel Laureates In Chicago: Former presidents, activists and actors are in Chicago for a three day meeting of the world’s Nobel Laureates. It’s one of the high-profile efforts by Mayor Rahm Emanuel to stake Chicago’s claim as a world-class city. On Monday, students in a Chicago classroom got a visit from former Soviet president Mikhail Gorbachev, one of many visits paid by the laureates to Chicago schools.

Obama Campaign Blankets Ohio: The president was just at Lorain County Community College in Elyria, Ohio last week, talking about job retraining. Now, Barack Obama’s campaign plans to blanket the state in coming weeks, with the auto bailout as a main topic. Bob King, president of the United Auto Workers, says the number of auto workers in Ohio has increased from 105,000 to 120,000 since the administration rescued General Motors and Chrysler. However, Ohio’s biggest automotive employer is Honda, which has announced a series of new investments in the state.

Changing Gears Live Tomorrow: Make sure to mark your calendars tomorrow for a Changing Gears live call-in show and chat. It’s at 3 pm ET/2 pm CT. Read more here.

Detroit’s Proposed Budget: 2,500 Layoffs, $250 Million In Cuts

The city of Detroit, which recently reached a deal for the state to oversee its finances, is

Photo submitted by Nathan Barnes

proposing a budget that  cuts more than 2,500 jobs in an effort to reduce its annual expenses by  $250 million.

The Detroit Free Press says the 2,500 layoffs would be on top of 1,000 job cuts Mayor Dave Bing sought earlier.

The proposed budget, laid out for city council’s review, also calls for the Detroit Department of Transportation, the city’s troubled bus system, to be privatized. It would transfer operations of the city’s lighting department to an independent authority.

Many homeowners have complained about broken street lights and problems with Detroit’s power grid, which is separate from the rest of the area.

Meanwhile, Michigan Gov. Rick Snyder is set to speak about the city’s future today. 

 

On Wednesday, Join Us For “Hidden Assets,” A Call-In Show And Live Chat on Immigration

Throughout the past two years, Changing Gears has looked at the role that newcomers play in the Midwest. On Wednesday, we’ll be talking about them — and talking with you. 

Join us at 3 pm ET/2 pm CT for “Hidden Assets,” a call-in show airing on WBEZ Chicago, Michigan Radio and ideastream Cleveland. We’ll also be holding a live chat here at ChangingGears.info.

WBEZ’s Steve Edwards will host with a variety of scheduled guests, including Michigan’s governor, Rick Snyder. They’ll be looking at ways the Midwest is trying to attract immigrants, and how they can be a competitive business advantage for our region.

“Hidden Assets” welcomes your participation, on the air and here.