Greater Cincinnati's index of economic indicators was flat in December, indicating weak job growth in the coming months, The Business Courier
reports. The index held steady at 97.5, the same as in November. That
indicates "poor employment growth through winter and early spring," said
the Ohio Department of Job and Family Services, which compiles the
index. (Thank God Congress reached that jobs deal, right?)
Cincinnati City Council will appeal a judge's ruling
that allows demolition of the historic James N. Gamble House in
Westwood. Although the city's attorney said the likelihood of the
appeal's success was low, council voted 6-3 to pursue one. Councilman
Chris Seelbach introduced the proposal; he said the structure is a
landmark that should be preserved.
She just wants a little r-e-s-p-e-c-t when she gets home. Kierra Reed, 22, is facing a charge of aggravated menacing after she allegedly attacked her boyfriend for not buying her a Valentine's Day gift.
Reed began hitting and scratching Henry Brown, police said, and when he
locked himself in a bedroom, Reed allegedly got a knife from the
kitchen and tried to cut through the door to stab Brown.
officials have received a copy of the formal charges lodged by the Egyptian government against pro-democracy activists in the Arab nation. Forty-three people, 19 of them Americans, are to be put on trial for allegedly setting up groups without licenses and receiving illegal funding. Critics say the charges are bogus, and being pushed by pro-Islamist groups to prevent dissenting voices from gaining a foothold in the new Egyptian government.
Although it's only about one-third the size of the bill President Obama proposed in September, Congressional lawmakers agreed early this morning to a compromise version that results in a $150 billion jobs plan. The deal includes a 10-month extension of a payroll tax holiday that lets the average worker keep an extra $1,000 a year. Also, it would extend unemployment benefits through the rest of this year.
In a major turnabout, General Motors reported $7.6 billion in profit for 2011, a 62 percent increase from the previous year. Still, all isn't rosy for the automaker. It reported a $700 million loss in its European operations, and a $100 million loss in South America. The firm, which faced bankruptcy two years ago, saw sales rise 7.6 percent last year to more than 9 million vehicles.
Despite the Obama administration's pledge to put an end to “too big to fail” banks, critics allege more are being created. The Federal Reserve Board has just approved a merger that makes Capital One the fifth-largest bank in the nation, over the objections of smaller banks and consumer advocacy groups.