Lorain Morning Journal Predatory lending is a collection of fraudulent and manipulative tactics used by lenders, brokers and appraisers to extract exorbitant fees and interest from debtors’ home equity, according to Policy Matters Ohio, a non-profit research institute based in Cleveland. Full Article
Lorain Morning Journal The housing market has been a bright spot in the area’s economy, but ever increasing foreclosure rates show it has a dark side. As of Wednesday, there already have been 783 orders for sheriff’s sales of foreclosed properties in Lorain County this year, and the numbers of
Scene Magazine Oh sure, Glenn Smith could give you his office address. But that won’t help you find it. Instead, he tells you to drive into East Cleveland on Euclid Avenue. On the left you’ll see a parking lot that’s pitted and sunken, where a patch of gravel marks the
Families in Ohio are taxed at a lower income level than families in all but five states according to a new report by the Center on Budget and Policy Priorities, released here by Policy Matters Ohio. Ohio levies income taxes on single-parent families of three who earn as little as
Columbus Dispatch Ohio has lost 45,734 jobs since 1995 because of the North American Free Trade Agreement and comparatively low labor costs overseas, a new study says. Full Article
Think tank’s report says 14,653 positions gone as direct result of trade pact The Akron Beacon Journal A nonprofit Ohio group has issued a report saying the North American Free Trade Agreement has been a raw deal for Ohio workers. Full Article
Boost blamed on rise in holiday job-seekers by Mark Niquette The economy might be improving, but employment in Ohio and the region continues to lag. The Ohio jobless rate increased to 6 percent in December from 5.7 percent in November. The unemployment rate also increased in all central Ohio counties
Boost blamed on rise in holiday job-seekers by Mark Niquette The economy might be improving, but employment in Ohio and the region continues to lag. The Ohio jobless rate increased to 6 percent in December from 5.7 percent in November. The unemployment rate also increased in all central Ohio counties
by Zach Schiller, in Urban Dialect One woman worked at a Southeastern Ohio restaurant for most of last year, averaging $174.68 a week. Another sold magazines over the phone in Cincinnati, working 20 to 25 hours a week all year, ending up at $7.50 an hour. When they lost their
by: Mary-Beth McLaughlin The end of the recession two years ago did nothing to halt the loss of jobs in Ohio. The state had 131,000 fewer jobs last month than it did two years earlier when economists say the latest recession ended. Worse, many of those lost jobs were in
Columbus Dispatch Ohio’s Third Frontier Action Fund, the oldest part of the Taft administration’s high-tech economic development program, has created few jobs despite handing out $55 million in the past five years, according to a study to be released today. Full Article
Cincinnati Enquirer A report issued today by a Cleveland research group says Ohio’s 5-year-old Third Frontier Action Fund, part of the state’s flagship economic development program, has generated few jobs and little commercial activity. Full Article
