Granholm says Michigan must 'ride out' tough times
"Turmoil on Wall Street should abate once the presidential election signals what direction the next administration will take on economic policy, Gov. Jennifer Granholm said Friday."
..."Although not anticipating the recent market free-fall, Granholm said her administration made cautious revenue estimates for the current budget and is continuing tight-fisted policies on hiring and spending.
The budget should have a small surplus at the end of the year, "but we are still going to be extremely conservative in how we operate," she said.
Granholm said the Michigan Economic Development Corp. would provide a $400,000 grant in support of the partnership between Mariah Power, based in Reno, Nev., and Manistee-based MasTech Manufacturing LLC.
Mariah produces the Windspire, a 30-foot-high, vertical-axis wind turbine that sells for $5,000 each and can produce enough power to meet 25 percent of the typical home's needs. The company next year will release another model designed to provide 100 percent of the average home's energy, CEO Mike Hess said."
"tight-fisted"?????
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