Some campaign workers for independent presidential candidate Ralph Nader are conceding their choice for the Oval Office probably doesn’t have a realistic chance at being elected. But they say Nader’s platform of issues is what’s truly important and are urging progressive voters to pressure the winners in this November’s elections into pursuing his agenda.
Two Cincinnati City Council members will unveil a proposal Wednesday to require banks to take better care of foreclosed properties.
Councilmen P.G. Sittenfeld and Cecil Thomas want city administrators to gauge the feasibility of launching a pilot program to improve vacant and blighted properties, which they said would help stabilize neighborhoods.
If ultimately deemed feasible and approved, the proposal would create a mandatory registry for vacant foreclosed properties and enact stiffer civil offense charges for properties that aren’t properly maintained. Also, it would require point of sale inspections prior to sheriff's sales, and assess the costs for code violation corrections to lenders.
The program would be tried on a one-year trial basis in Westwood, Price Hill, College Hill, Madisonville and Mount Airy. If successful, it could be expanded to other neighborhoods.
When foreclosed properties are left vacant, they often become targets of crime and sources of blight, and can ultimately end up in the hands of absentee landlords, Sittenfeld said.
"Our efforts are all about demanding accountability," Sittenfeld said. "Banks and lenders must maintain the properties they own, just like the rest of us."
He added, “We must all care about this issue because all of us are affected by it. If you live next to a vacant foreclosed house, your property values go down and your quality of life deteriorates. This pilot program provides an important step toward stabilizing our neighborhoods."
Sittenfeld and Thomas will formally announce the plan at a press conference Wednesday morning at a foreclosed home at 1540 Ambrose Ave. in College Hill. The property is owned by mortgage giant Fannie Mae, which has had 188 building code enforcement cases in Cincinnati during the past five years.
The proposal also has the support of Vice Mayor Roxanne Qualls and Councilmembers Chris Seelbach, Charlie Winburn and Wendell Young. That gives it enough votes for passage, which means administrators will report back to council on the costs for such a program and whether it would be effective.
Community activists and advocates from Working In Neighborhoods and the Legal Aid Society also support the proposal.
After a few months of preparation, two Ohio legislators today formally introduced an economic development plan that a nonpartisan group has said could create up to 16,000 jobs in the state.
State Sens. Eric Kearney (D-North Avondale) and Nina Turner (D-Cleveland) have submitted Senate Bill No. 278, known as “Forward Ohio,” for the State Legislature’s consideration.
...do people in Washington D.C. not get the concept of economic stimulus?
Before it went down to a crushing defeat, top officials at the Treasury Department and Federal Reserve were describing the $700 billion bailout plan that failed Monday in starkly different terms during private conversations with Wall Street investors.
As most people know, the proposed bailout failed yesterday in a surprising 205-228 vote, defying the wishes of President Bush as well as Democratic and Republican party leaders. Overall, there were 140 Democrats in favor of the plan and 95 opposed, with 65 Republicans in support and 133 opposed.
Progressive bloggers were tipped off that Treasury officials were holding a secret conference call with Wall Street executives Monday before the vote and managed to access the call and listen in. What they heard reveals a lot about who really wields power in the U.S. political system, and how Congress — both Democrats and Republicans — shade the truth for constitutients.
Treasury officials reportedly told the executives that provisions calling for the $700 billion to be given in phased payments were a formality and the entire amount could be accessed at once, if needed. Also, provisions limiting executive pay at failed firms were mostly symbolic and would have little actual effect, as they didn’t affect existing contracts.
Further, clawback provisions that would attempt to help taxpayers recoup some of the money once assets were sold by the government “would need more congressional and presidential action to implement” and was unlikely to occur.
It’s interesting how Treasury Department appointees — who are supposed to be acting in the public’s interest — give a different description of the bailout in private.
Meanwhile, Democratic and Republican leaders promise to try again with a revised bailout plan when they reconvene Thursday. Already the U.S. Chamber of Commerce and the National Association of Realtors are busy trying to pressure GOP lawmakers into approving a bailout plan, threatening to withhold campaign cash from those who don’t.
Although hometown boy and House Minority Leader John Boehner (R-West Chester) initially tried to blame the bill’s defeat on a fiery floor speech by House Speaker Nancy Pelosi, today’s Washington Post undercuts that position. GOP leaders said later they had been pessimistic about the bill’s chances from the start because many conservative representatives were ideologically opposed to a large, taxpayer-funded intervention. In fact, Boehner and others seriously considered asking Pelosi to delay any vote Monday, The Post reports.
Adhering to simplistic GOP talking points, Hamilton County Republican Party Chairman Alex Triantafilou blasts Pelosi on his blog for the bill’s defeat. Ol’ Alex defends Boehner, adding his stance showed leadership. What, then, does the opposing position taken by Steve Chabot, Jean Schmidt, Geoff Davis and the rest of Greater Cincinnati’s Republican congressional delegation show? The chairman is remaining mum on that one.
Some observers on both the right and the left describe what happened Monday as a modern day Boston Tea Party, with an angry public finally standing up to an out-of-control investor class. Let’s hope the party doesn’t peter out anytime soon.
— Kevin Osborne
There was a period of time in U.S history, roughly for 30 years after the Civil War, known as “the Gilded Age.” The American economy grew at an unprecedented rate as the nation transformed itself from an agrarian society into an industrial one.
But the transformation's downside included excessive displays of wealth and captains of industry who grew their fortunes on the backs of exploited and mistreated workers. The government ignored the situation, as the era gave rise to the concept of “social Darwinism.”
News junkies probably heard about the warnings issued by Cincinnati City Hall this week, reminding citizens of its “ticket amnesty” program: Anyone with unpaid parking tickets should pay now or possibly have their vehicles impounded by police.
What City Hall didn't announce was that as of last month, 429 of the nearly 62,000 unpaid parking tickets were issued to municipal employees — including some cops and firefighters.
As the newspaper industry continues to suffer from declining ad revenues and a migration of readers to the Internet, The Cincinnati Enquirer is being hit particularly hard.
Dozens of newspapers nationwide reported drops in circulation, according to the latest figures released by the Audit Bureau of Circulations. But the figures reported for Cincinnati’s only daily metropolitan newspaper were in the double-digits, well above the national average decline of 7 percent.