City Leaders have decided that they
don't need to sell Music Hall to a private organization in order for
the historic building to receive tax credits toward its renovation.
Mayor Mallory on Sunday told The Enquirer that selling the building
was not part of any discussion he's willing to have. While city
leaders hope a public-private partnership like that which has
renovated Washington Park can help update the building, organizers
with the Music Hall Revitalization Co. say some donors willing to
contribute to the private renovation of the building will not
contribute to the project while it is city owned. On Saturday, the Music Hall Revitalization Co.'s leader, Jack Rouse, resigned.
First they had a giant bridge built over their neighborhood. Now the residents of Lower Price Hill who live near the Sixth Street viaduct hope construction crews can take it down without causing too many clouds of lead paint dust to cover their homes. The viaduct is being replaced by a new structure currently under construction south of the existing one.
Ohio's second of four new casinos is set to open in Toledo next week. Cleveland's casino opened last week, while Columbus' Hollywood Casino is scheduled to open this fall with Cincinnati's Horseshoe in-line for an early 2013 unveiling.
Jury selection in the trail of former Goldman Sachs/Procter & Gamble board member Rajat Gupta began today in federal court in Manhattan. Gupta is accused of insider trading stemming from a 2008 phone call that authorities have already used to convict hedge fund manager Raj Rajaratnam, who is currently serving an 11-year sentence. From the AP:
Rajaratnam has been the biggest catch so far in a wide-ranging insider-trading investigation by U.S. Attorney Preet Bharara that's resulted in more than two dozen prosecutions of white collar defendants. But based on Gupta's standing in the world of finance, his trial could draw more attention — and a potential conviction could resonate farther.
Aside from his role at Goldman Sachs, the Indian-born Gupta is the former chief of McKinsey & Co., a highly regarded global consulting firm that zealously guards its reputation for discretion and integrity.
Gupta, 63, is also a former director of the huge consumer products company Procter & Gamble Co., a pillar of American industry and one of the 30 companies that make up the Dow Jones industrial average. P&G owns many well-known brands including Bounty, Tide and Pringles.
Researchers have created a national registry of wrongful conviction exonerations that has identified 873 faulty convictions during the past 23 years that have been recognized by authorities. The registry's founders say the collection is only a fraction of such convictions and that it demonstrates a serious problem with America's criminal justice system.
"What this shows is that the criminal justice system makes mistakes, and they are more common than people think," said University of Michigan law professor Samuel Gross, the registry's editor. "It is not the rule, but we won't learn to get better unless we pay attention to these cases."
The John Edwards jury is still in deliberations today trying to determine whether the former Democratic presidential candidate conspired to violate election laws while hiding an extramarital affair during his campaign. Prosecutors say Edwards solicited more than $900,000 from a 101-year-old woman named Rachel “Bunny” Mellon and a Texas lawyer to hide a child from his wife, who had cancer at the time.
Protests continued in Chicago today during the final day of the NATO summit.
Apparently 25 percent of American teens have diabetes or pre-diabetes, up from 9 percent in 1999-2000.
People in Asia and the western U.S. last night got to see a solar eclipse that looked like a ring of fire.
The private rocket scheduled to launch a commercial space capsule was forced to abort its mission on Saturday but is scheduled to fly up into space on Tuesday.
The private group hoping to purchase Music Hall for $1 is now asking for $10 million in city contributions to its effort to update the historic building, double the initial $5 million it asked for. The Music Hall Revitalization Co. says failing to strike a deal before June 1 will jeopardize the proposed $165 million renovation. Among the updates the city is being asked to fund are $75,000 buffers to block noise from the streetcar and a $150,000 escrow account to pay for any future disruptions due to the streetcar.
City Council yesterday spent some time considering ways to fix the city's retirement fund deficit. Cincinnati's retirement board wants the city to contribute $67 million to the pension system this year, though Council has reportedly contributed only about half of that.
CVG today will unveil its updated Concourse A, which has undergone a $36.5 million renovation. It is part of the airports attempt to lure a low-cost airline to the hub that formerly housed Delta.
Cleveland is the first Ohio city to open one of the state's four new casinos, drawing about 5,000 to a grand opening last night. Cincinnati's casino is expected to be the last of the four to open, with Hollywood casinos scheduled to open in Toledo May 29 and in Columbus this fall. Cincinnati's' Horseshoe is scheduled to open next year.
Barack Obama's Super PAC is airing TV ads questioning Mitt Romney's business record, specifically his commitment to workers.
Prosecutors today decided to bring charges against former News of the World editor Rebekah Brooks, who along with her husband and four others will be charged with conspiring to pervert the course of justice. The alleged incidents occurred in response the phone hacking allegations, and the charges are apparently quite embarrassing to Rupert Murdoch and British Prime Minister David Cameron.
JP Morgan today said, “Surprise! We lost a bunch of money!” Two years after congress tightened regulations on Wall Street, the industry now fears that regulators will now listen to their fears even less as they enact stricter reforms.
Humans are consuming more resources than the earth can replenish, according to the World Wildlife Fund's Living Planet Report for 2012.
Lady Gaga yesterday cancelled a cold-out Indonesia performance in response to conservative protests over her clothing and dance moves.
National police spokesman Boy Rafli Amar, responding to the pressure, said Tuesday that the permit for her June 3 "Born This Way Ball" concert had been denied.
Indonesia, a nation of 240 million people, has more Muslims than any other. Although it is secular and has a long history of religious tolerance, a small extremist fringe has become more vocal in recent years.
Hard-liners have loudly criticized Lady Gaga, saying the suggestive nature of her show threatened to undermine the country's moral fiber. Some threatened to use physical force to prevent her from stepping off the plane.
Lawmakers and religious leaders, too, have spoken out against her.