Glick Report
  • June 15, 2009 08:44 AM EDT by Alexis Glick

    Glick’s Take: The Future of Detroit

    Just moments ago I wrapped up a fantastic roundtable discussion about the future of Detroit with Bob Paul Compuware's president & COO, Robert Ficano the Wayne County executive and George Jackson the president & CEO of the Detroit Economic Growth Corporation.

    Here’s my take--called "Glick's Take," before the roundtable discussion.

    1. Resolution to the economic crisis in Detroit does not have to mean a departure from a manufacturing base to a services economy. It means smarter use of those manufacturing capabilities and more diversification.

    2. The U.S. Government through economic recovery bonds and stimulus will help Michigan in a big way. The key is job creation.

    3. Look at what happened to Pittsburgh, a perfect example of how to diversify and come out of a deep recession.

    The three guests had excellent points to make about which industries they'll recruit and why they'll be the "story of the decade" five years from now. Take a look.

RICK

MY BIGGEST FEAR IS THAT OBAMA DOES NOT WANT TO HELP COMPANIES, BUT TO TAKE THEM OVER PERMANENTLY. REASONABLE REGULATIONS ARE FINE, BUT OBAMA ACTS LIKE HE WANTS TO BE THE NEXT HUGH CHAVEZ. SOCIALISM AND PRICE CONTROLS DON'T WORK IN A DEMOCRACY, WHICH MEANS ONE OF TWO THINGS, OBAMA IS DOOMED TO FAIL WITH HIS ILL-ADVISED STIMULUS PLAN OR HE WANT TO ELIMINATE CAPITALISM AND REPLACE IT WITH SOCIALISM. OLD SAYING, THE GOVERNMENT THAT IS BIG ENOUGH TO TAKE CARE OF ALL OF YOUR NEEDS IS BIG ENOUGH TAKE AWAY ALL OF YOUR RIGHTS.

June 15, 2009 at 11:38 am

chuck

What has been interesting here for the Vicksburg has a retail gas price war going on. The local retailers are up against Murphy Gas which open less than a month ago. Shrewdly Murphy has hit the the high gas price retailers by undercutting thier prices. For the first time the local retailers have to deal with real competition. Now on the real estate front there was a letter to the editor of the Sunday Vicksburg Post which made an accusation of that real estate prices have been inflated. The author pointed out how the local politicians exploit this by using the rise of property taxes and other taxes. It explains too how come no homes haven't been sold here despite the local radio show trying advertise the fact that the little river city hasn't sold no homes. Inflating prices? Who would be behind this especially with the housing market in the shape that it's in right now.

June 15, 2009 at 9:34 am

about this blog

  • Alexis Glick is an anchor for FOX Business Network. Prior to joining FOX, Glick served as a correspondent for the Today Show and co-anchored the third hour of that program. Before her stint at NBC News, she was the senior trading correspondent for CNBC and reported from the floor of the New York Stock Exchange.

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