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Linda C. Rohrer, director of Career Source, a career resource center based in Cambridge, said the rate is “not as devastating as it appears...
...also said the effect of universities and hospitals on the unemployment rate in Cambridge and the surrounding area is greater than that of the retail industry...
Hawrilenko—who used to work in finance but now makes his living playing online poker—says that after he had played a large number of hands, he ran different kinds of win-rate analyses and determined that his chance of going bust was “pretty much zero,” which meant that he would win in the long run. And it’s safe to say that he has: at the 2009 World Series, Hawrilenko won more than a million dollars when he came in first place at an event. He took...
...secret that Michigan is enduring the most extreme effects of the nation's economic crisis: its unemployment rate stands at 15.3%, and the state is functioning on a temporary budget as legislators rush to close a $2.8 billion deficit. In recent years, the financial situation here has been so dire that Michigan has closed several detention facilities, reducing its prison population by thousands. Now, however, the state appears to be viewing prisoners in a different economic light - as a potential revenue generator...
Ironically, the overtures come as Michigan shrinks its own inmate population: since 2006, it has dropped from 51,700 to about 46,000. Officials here attribute the decline to several factors, including an overall drop in crime, the placement of more people on parole and a lower recidivism rate. But in June, as the state's budget crisis deepened, Michigan announced that it would close eight prison facilities by the end of the year, including Standish, which could save some $30 million annually. Standish is expected to be shut down by the end of October, and many...