by German Lopez
Ohio senator goes after big banks, governors clash, Ohio reduces prison re-entry
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?
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.
Ohio Sen. Sherrod Brown finds bipartisan support for bringing America’s biggest banks in line
1 Comment · Wednesday, March 13, 2013
In 1911, Standard Oil underwent what many
of today’s conservatives would decry as government and judicial
overreach; the petroleum giant — 41 years old and originally from
Cleveland — was taken apart by the U.S. Supreme Court.
Lawsuit, new local movement fight foreclosure practices
3 Comments · Tuesday, February 28, 2012
Ten years ago, Demetrious Smith hoped to
buy a building and work as a landlord after non-work-related injury
ended his 13-year career with General Electric, but getting financed on
the strength of his monthly $1,182 disability check seemed unlikely.
Then a postcard arrived in his family’s mailbox from a company called
National Mortgage Funding, which promised home financing for anyone.
0 Comments · Tuesday, February 28, 2012
Don’t call it a restaurant. Cincinnati riverfront’s new Moerlein
Lager House is not just a restaurant — this becomes brazenly clear as
soon as you step into the 15,000-square-foot (without even including the
underground service level) beer mecca.
Jimmy Gibson’s latest venture joins the ranks of Cincinnati’s best new restaurants
1 Comment · Tuesday, February 21, 2012
JimmyG’s offers fine dining fare in an
audacious setting. The dining area’s refined red wood walls are adorned
with the work of various local contemporary pop artists and the seating
arrangement provides a similar contrast, with yellow seat cushions on
white lattice-backed chairs paired with a fine dining table arrangement.
3 Comments · Wednesday, February 15, 2012
At first glance, the $25 billion deal reached last week between state attorneys general and five major banks to provide mortgage relief to homeowners sounds like a good thing. In reality, though, it’s a case of bait and switch in which the banks get off too easily.