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Comerica Bank’s Michigan Economic Activity Index rose 4 points in January, to a level of 81 (see chart above). January’s reading is the highest Index observation since November 2008. The Index for January is up 6 percent compared to the June 2009 cyclical low.

“After plateauing for three months, our Index surged in January, with eight of nine components contributing positively,” said Dana Johnson, Chief Economist at Comerica Bank. “The January reading was driven by strong steel production and natural gas sales. Given the severe weather patterns experienced in the early part of this year, gas sales likely outpaced normal seasonal trends in February as well, which should give the upcoming Index another boost. Over the course of the year, the Index should continue to trend higher, reflecting an ongoing recovery in Michigan.”

MP: Hey, if there’s an ongoing V-shaped economic recovery in Michigan, there’s hope everywhere. Michigan jobs increased by 4,100 in January, and its jobless rate fell to 14.3%, the lowest since last August.

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Cool looking and inexpensive, the Remix earbud from VMODA doesn’t quite deliver solid sound quality.

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Microprocessor company ARM says there will be more than 50 new tablets launching worldwide to compete with the iPad.

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EXCLUSIVE: Fox News confirms seven House Dems who supported reform last year will oppose Senate bill because it lifts ban on federal funding for abortions
• YOU DECIDE: Is Health Care Reform Doomed?
• RAW DATA: Dems Who Could Pull the Plug on Reform
• Tea Partiers Try to Keep Up With Health Care Blitz
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Independent scientific panel to review U.N. climate change panel’s ‘procedures and practices’ — and management — in apparent slap at its embattled chief | FULL COVERAGE
• Forecasters Predict Active 2010 Hurricane Season
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Brooklyn’s Ad Deville adds some color to the walls of Factory Fresh by way of a new mural.

Photo: Factory Fresh

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Criminals in Chicago have easily figured out how to out maneuver the city’s surveillance cameras, but officials have crafted a new strategy to outsmart them: more surveillance cameras. Of course these new ones will be more covert and reportedly have a wider range, so now the majority of law-abiding citizens can rest easy knowing they too will be watched all the more closely. |Chicago Tribune|

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