Ilene Wolff

Many hospitals in Michigan and elsewhere struggle to break even, but the path to profitability has gotten a lot tougher since October due to declining Medicare payments for readmitted patients. As a result, hospitals — especially those in urban areas — stand to lose out on millions of dollars in revenue.

Michigan business leaders, past and present, know a thing or two about reinvention. Henry Ford, best known for  the Model T and perfecting the assembly line, launched the modern aviation industry in the 1920s...

Along with other fresh arrivals from nearby farms and the faraway South, these new, European immigrants were headed for factories and other businesses that were building a global reputation for producing industrial merchandise and products.