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March 14th, 2013 By German Lopez | News | Posted In: Bailout, Economy, News, Governor, Prisons, Budget

Morning News and Stuff

Ohio senator goes after big banks, governors clash, Ohio reduces prison re-entry

news1_bigbanksIllustration: Julie Hill

Ohio Sen. Sherrod Brown is putting forward legislation that would break up the big banks to avoid what has been colloquially dubbed “too big to fail.” The liberal senator is teaming up with Sen. David Vitter, a very conservative Republican from Louisiana, to put together the bill, which Brown says will make the economy safer, secure taxpayer money and help create jobs. In his push, Brown has compared the big banks to Standard Oil, which was broken up by the U.S. Supreme Court in 1911 after the oil giant breached antitrust laws.

Indiana Gov. Mike Spence fired back at Ohio Gov. John Kasich for insulting Indiana in recent remarks: “Indiana is the best state in the Midwest to start a business, grow a business and get a job. … With the Hoosier state consistently winning the competition for fiscal responsibility and reform, somebody should remind the governor of Ohio that trash talk usually comes before the game.” In a speech Monday, Kasich said, “This is not Indiana where you go to Indianapolis … and then say, ‘Where else are we going to go? Gary?’ ”

Ohio is a leader in reducing prison re-entry, and that’s translating to millions of dollars for the state’s taxpayers. Ohio’s recidivism rate, which measures how many prison convicts are returning to prison after being released, dropped to 28.7 percent in 2009, from 39.5 percent in 2003.

The latest data is from 2009, so it’s before Gov. John Kasich took office and passed measures to further reduce prison recidivism, which provide new ways for criminals to get records expunged, allow released criminals to obtain a certificate of qualification from courts for employment and offer sentence-reduction incentives for prisoners to get job training and education programs while in prison.

The Ohio House approved a bill that would effectively shut down Internet sweepstakes cafes, which state officials claim are havens for gambling and other criminal activity, by limiting their prize payouts to $10. The bill received support from law-enforcement groups, Ohio Attorney General Mike DeWine, some charity organizations and the state’s casino operators.

Mayoral candidate John Cranley says the city should redirect funding meant for the streetcar to the MLK/I-71 Interchange project, but the funding is set up through federal grants that are highly competitive and allocated specifically to the streetcar project.

Opponents of the city’s parking plan briefly celebrated yesterday when they assumed Graeter’s had joined their efforts, but the ice cream company says it was all a misunderstanding. Graeter’s is allowing opponents to gather petition signatures in front of its stores because the sidewalks are public property, but the company says it didn’t give permission to gather signatures within the stores.

Cincinnati’s Findlay Market earned a glowing review in The Boston Globe, sparking a wave of celebration on social media.

The Smale Riverfront Park is forging ahead largely thanks to the help of private funders, who have made up for an unexpected drop in state and federal funds.

The Ohio Senate paved ahead with legislation that will raise the speed limit on some highways, particularly in rural areas, to 70 miles per hour. The bill contains obvious time benefits for drivers, but environmental groups say higher speed limits mean worse fuel efficiency and insurance groups say it will make roads more dangerous.

A West Chester trucking company is cutting 250 jobs.

Popular Science has nine reasons to avoid sugar to save your life.

 
 
 
 
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