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Detroit: The Next Silicon Valley?

Tech job openings rose 82% in Detroit, with companies like Google and Ford hiring engineers in droves. And, college grads in Detroit say they are set on an immediate career path upon graduation.

Many US Cities Still Thriving Despite the Economy

Newsweek rated American cities on their job creation, sustainability, livability and transportation-infrastructure, to cull a list of the nation's top performing metropolises. And, the 10 cities topping the list represent diverse areas of the country.

Contest Produces 5 Outside-The-Box Ideas To Change U.S. Cities

The Mayor's Challenge is a contest run by Bloomberg Philanthropies to find the best ideas bubbling out of our cities--from data mining to turning foreclosed houses into urban farms. New York City mayor Mike Bloomberg is funding the best ideas of local governments using the competition that will result in the winner taking home $5 million and four runners-up getting $1 million each.

World Bank Raises $165 Million in Bonds for Women-Owned Businesses in Africa

The World Bank on Wednesday said its private sector arm issued about $165 million in 'women's bonds' in the first such sale by the development lender specifically aimed at raising money for businesses owned or run by women in emerging markets. Bonds tied to social or environmental targets are part of a new trend in social finance and follows a green sale of bonds to help cut greenhouse gases in developing countries.

James Patterson Giving Cash to Bookstores

Independent bookstores, with their paper-thin profit margins and competition from Amazon, have found a sugar daddy in the person of famous author, James Patterson. The best-selling author has started a program to give away $1 million of his personal fortune to dozens of bookstores.

Kentucky Man Buys Out K-Mart Store, Donates it All to Charity

A business owner realized, It's time to give back, after years of seeing needy people selling their stuff in his jewelry-exchange business. Rankin Paynter was shopping at a Kmart that was closing its doors in Winchester, Kentucky and decided on-the-spot to buy the rest of its contents and give it away to charity.

BC University Welcomes 100 Disadvantaged African Students on Full Scholarship

More than 110 underprivileged students from Africa will get to study at the University of British Columbia thanks to a $25 million donation from MasterCard Foundation. This extends to Canada the MasterCard Foundation's worldwide program aimed at educating talented students from economically disadvantaged communities in Africa so they can lead change at home.

Ford Adding 7,000 U.S. Jobs, Says Recovery is Encouraging

Ford Motor Co on Thursday stuck to its target of adding 7,000 jobs in the United States over the next two years, saying it sees an economic expansion here and not a double-dip recession. Also, fewer Americans filed new claims for jobless benefits last week than at any time since April, in what could be an encouraging sign for the labor market.

Obama Deal Increases Fuel-economy Standards for US Cars

President Obama today announced the next phase in the Administration's program to increase fuel efficiency and reduce greenhouse gas pollution for all new cars and trucks sold in the United States. These new standards will cover cars and light trucks for Model Years (MY) 2017-2025, requiring performance equivalent to 54.5 mpg in 2025 while reducing greenhouse gas emissions to 163 grams per mile.

Global Software Firm Hiring More People With Autism

Software giant SAP yesterday announced a new employment push to hire more people with autism after a successful pilot program showed increases in office productivity and cohesiveness. "Only by employing people who think differently will SAP be prepared to handle the challenges of the 21st century," said a company official.

Toyota, Tesla Will Build Electric Cars Together in California

Toyota and Tesla Motors have announced a surprise joint venture, augmented by Tesla's purchase of a sprawling auto plant, recently closed near San Francisco. The remarkable turn of events creates the potential for Toyota to become more involved in the production of electric cars, and a boost for the recently embattledTesla, as well as a huge rebound for the factory that just last month produced its last Toyota Corolla before closing its doors.

Stimulus Package has Green for Clean Energy

The government is pulling out all the stops to get the economy's heart beating again, including a large clean energy investment that's part of The American Recovery and Reinvestment Act of 2009--the stimulus package. It provides about $80 billion altogether for renewable energy, energy efficiency, mass transit, updating the electrical grid and research.

EU Adopts Historic Policy to Protect Marine Fisheries

In an outcome hailed by environmentalists, European Union lawmakers voted overwhelmingly Wednesday to overhaul the region's troubled fisheries policy to end decades of overfishing. The European Parliament voted 502-to-137 to impose sustainable quotas by 2015 and end the wasteful practice of discarding unwanted fish at sea.