Prices at the pump have jumped across the Great Lakes region because of the unexpected, partial shutdown of a large Indiana oil refinery, and those increases could continue, oil and gas industry watchers said Wednesday. According to GasBuddy.com, the most affected states are Michigan, Indiana, Ohio and Illinois, but others, including Minnesota and Wisconsin, are also seeing increases.
Through June, local school districts, local governments, universities and the state have gone to the financial markets to float more than $5.25 billion in bonds, a figure well more than twice as much governing units issued in bonds at the same time in 2014. Much of that increase is driven by local school districts who issued refunding bonds, which are being seen largely because schools issued bonds in 2005, and most have 10-year call provisions.
A simulated city opened on the north campus of the University of Michigan, to test how self-driving cars will travel in the future without mowing down pedestrians or causing colossal crashes. Mcity, a 32-acre mini-metropolis, seeks to replicate modern urban chaos with traffic jams and unpredictable pedestrians, alongside suburban streetscapes, superhighways and rural roads.
Much more is highlighted in Michigan News.
