Saturday, January 28, 2012

Here is more evidence of the state of my home town Flint, Michigan. Did you know that at one time GM employed 80,000 people in Flint alone. I write about Flint in my book "Life Inside the Factory" and what it was like growing up there. It is sad to see Flint in the condition it is in. I rarely go in there now and if I do I leave as quick as I can.





Flint named among nine cities nearly destroyed by recession

Published: Saturday, January 28, 2012, 7:00 AM
FLINT, Michigan — In a list of nine cities nearly destroyed by the recession, 247wallst.com, an analysis and commentary site for equity investors, named Flint fifth.

Citing a study commissioned by the United States Conference of Mayors and prepared by IHS Global Insight, the report projects that the Flint area will have 131,700 employed residents by the end of the first quarter of 2012, compared to 151,300 employed residents in the first quarter of 2007 — a 13-percent drop.

"Recovery, is seems, will also be slow as only 600 jobs are projected to be recovered by the end of the year, or just 2.8% of jobs lost," 247wallst.com reported. "The value of exports from the region has dropped 81.9% since 2005 — one of the largest decreases in the country... Poverty rate in the area has risen to 21%, one of the worst rates in the country."

Read the full report here.

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