ALL local economy NEWS
BIDEN CALLS TENTATIVE LABOR DEAL A ‘BIG WIN FOR AMERICA’ AS RAILROAD STRIKE IS AVERTED: LIVE UPDATES
After around-theclock negotiations, President Joe Biden said Thursday that freight railway companies and workers had reached a tentative agreement that will avert a rail shutdown that could have paralyzed the economy. Biden celebrated the deal alongside union leaders...
SOCIAL SECURITY COLA INCREASE: THERE’S A CHANGE IN PROJECTED COST-OF-LIVING RAISE
The latest projections for next year’s Social Security benefits show a slight decrease. Mary Johnson, Social Security and Medicare policy analyst for the Senior Citizens League, said August consumer price data shows a “weakness in (the) inflation adjustment system”...
Sports betting in Ohio: When it will be legalized, how to bet online, places to find picks, solid promos
Ohio sports fans have been waitingpatiently, and the time has come fortheir state to be one of the newest toadd legal Ohio sports betting. State legislatures took the time to iron outall the details, and now Ohio onlinesports betting will launch in January2023. Ohio...
ITT TECH STUDENTS TO GET $4 BILLION IN FEDERAL LOAN FORGIVENESS: WHAT BORROWERS SHOULD KNOW
Any student who borrowed federal money to take classes at ITT Technical Institute — a large for-profit college that closed in 2016 following government sanctions — will have their debts erased. The relief, about $4 billion in total, will benefit about 208,000...
AMERICA’S $7 TRILLION RETIREMENT CRISIS IS ONLY GETTING WORSE
Americans have been warned for years of an impending retirement crisis. Yet the situation is getting worse. Even when everything wasgoing right — inflation wasnonexistent, interest rates werelow and stocks were in anextended bull market — therewas a multi-trillion...
OHIO’S TEACHERS PENSION LOST AN ESTIMATED $3 BILLION IN THE LAST YEAR. ON THURSDAY, ITS EMPLOYEES ARE EXPECTED TO GET NEARLY $10M IN B ONUSES.
COLUMBUS, Ohio - The board governing the Ohio’s teacher pension fund will consider a proposal on Thursday that could award $9.7 million in performance-based incentives to its investment associates, despite having lost $3 billion in the first 11 months of the year. The...
2 rail unions reach deal, but 1 rejects latest offer
Members of one union rejected a tentative deal with the largest U.S. freight railroads Wednesday, while two ratified agreements and three others remained at the bargaining table just days ahead of a strike deadline, threatening to intensify snarls in the nation’s...
Price tag for new Cuyahoga County jail climbs to $700 million or more
A new Cuyahoga County jail is now expected to cost between $700 and $750 million – a significantly steeper price tag than the county’s most recent estimate, which put the price tag around $550 million. The new estimate was made public for the first time Tuesday during...
Biden again takes aim at ‘MAGA Republicans’ in Labor Day speech
President Joe Biden excoriated “MAGA Republicans” and the extreme right on Monday, pitching personal Labor Day appeals to swing-state union members who he hopes will turn out in force for his party in November. “The middle class built America,” Biden told a...
US pharmacy chains ordered to pay $650m in Ohio opioids suit
A federal judge has ruled that America's three largest pharmacy chains must pay $650.5m (£539.8m) for helping fuel a painkiller crisis in two Ohio counties. In November, a federal court found Walgreens Boots Alliance, CVS and Walmart helped create an oversupply of...
Wadsworth-based NEORide gets almost $2 million in grants to improve regional paratransit
The U.S. Department of Transportation on Wednesday awarded more than $1.8 million in innovative technology grants that Wadsworth-based NEORide will use to improve paratransit services in northeast and southwest Ohio. NEORide Director Katherine Conrad said her agency,...
U.S. Senate Democrats approve big Biden economic deal; House to vote next
Democrats pushed their election-year economic package to Senate passage Sunday, a hard-fought compromise less ambitious than President Joe Biden’s original domestic vision but one that still meets deep-rooted party goals of slowing global warming, moderating...
Prices surged 9.1% in June, the hottest inflation rate since 1981
Inflation hit a new peak in June. U.S. consumer prices soared 9.1% in a year, the U.S. Bureau of Labor Statistics reported Wednesday, the fastest pace since 1981. Price spikes for gasoline, housing and food drove last month’s hot inflation. Food costs increased...
Joe Biden in Cleveland visit touts pension fix while knocking GOP lawmakers on economy
President Joe Biden said Wednesday during a Cleveland stop touting a Democratic-backed fix to multiemployer pension funds that social security, Medicare and Medicaid could be in jeopardy if Republicans take back control of Congress and the White House. During an...
Lebanon’s business conditions improve in June to highest levels since 2016
Lebanon's private sector activity improved in June to the highest levels since January 2016 on slower declines in output and new orders, while employment rose at its fastest pace since February 2018. The Blom Lebanon Purchasing Managers' Index rose to 49.1 in June,...
South African man pleads guilty to 2011 slaying of Akron bank vice president
Muziwokuthula Madonda, 44, was sentenced to life in prison for the 2011 slaying of Jaclyn Hilder. (Summit County Jail) AKRON, Ohio — A 44-year-old South African man guilty of slayings in New Mexico and accused of another murder in Ohio was sentenced Monday to life in...
US House approves $13.6 billion for Ukraine in spending bill
WASHINGTON (AP) — The House approved a massive spending bill Wednesday night that would rush $13.6 billion in U.S. aid to battered Ukraine and its European allies, after top Democrats were forced to abruptly drop their plan to include fresh funds to battle COVID-19....
Mega Millions numbers: Are you the lucky winner of Friday’s $45 million jackpot?
Grab those tickets and check to see if you’re the big winner! The Mega Millions lottery jackpot has reset after someone won $515 million in the May 21 drawing. Here are the winning numbers in Friday’s drawing: 04-30-34-41-64; Mega Ball: 08; Megaplier: 3X The estimated...
Is payday coming, finally, for Ohio college athletes? The Wake Up podcast
CLEVELAND, Ohio — Student-athletes bring in millions of dollars for colleges in Ohio. Some of that money might soon find its way into the athletes’ pockets. You can listen online here. Republican State Sen. Niraj Antani will introduce a bill today outlining how Ohio...
US denies Iran state media report on prisoner swap deal for $7 bln frozen oil funds
The United States on Sunday denied a report by Iran’s state television that the arch-foes had reached a prisoner swap deal in exchange for the release of $7 billion frozen Iranian oil funds under US sanctions in other countries. Iranian state television said on Sunday...
Powerball winning numbers for Wednesday, May 19, 2021; jackpot $201 million
CLEVELAND, Ohio — Powerball selected winning numbers Wednesday, May 19, 2021, for a jackpot of $201 million. The numbers are 11-13-55-56-69 Powerball 4 Power Play 2x. The Classic Lotto numbers are 11-16-17-23-38-46 Kicker 588287. The jackpot is $8.6 million for the...
Ohio Gov. Mike DeWine signs law providing millions to expand high-speed internet access
COLUMBUS, Ohio—The state of Ohio will offer $20 million in grants to expand high-speed broadband internet service around the state, under a new law signed Monday by Gov. Mike DeWine. DeWine later signed two other bills Monday offering more than $680 million in federal...