Study: Foreclosures Have Widespread Financial Impact
Daily Reporter by Melanie McIntyre Home foreclosures have a significant financial impact on local government, area residentsand retailers, but the problems could be minimized by reducing the incidence of poorlywritten and/or fraudulent loans made in distressed neighborhoods, according to a recentlypublished report written by two Harvard University researchers. “Collateral Damage: The Municipal Impact of Today’s […]
Foreclosures are Dayton's Political Scandal
Dayton Daily News The Dayton area is represented by two powerful state lawmakers, House Speaker Jon Husted and Sen. Jeff Jacobson, who’s No. 2 in the Senate. One day they’ll leave office, and be asked what they did for their community. Given the home mortgage foreclosure rate in Montgomery County – which is among […]
Out with the Old, in with the New
Tax change expected to aid manufacturersby Jeffrey Sheban Columbus Dispatch Who benefits from the most sweeping business-tax changes in Ohio in 40 years? One likely winner is the state’s beleaguered manufacturing sector, which has shed 200,000 jobs in the past five years, leaving 800,000. “I don’t think it’s a secret that manufacturing and the great […]
Home Insecurity Rising in Ohio
Guest Columnist Zach Shiller of Policy Matters Ohio addresses the state’s housing boom– in foreclosures.Demos As national print headlines celebrate a record housing boom, a disturbing trend is receiving far less attention than it should. Here in Ohio, homeowners are losing their homes in increasing numbers to foreclosures and ensuing sheriff sales. Across the state, more […]
Summit Co. Foreclosure Rates Maintain Record High
Rates Three To Five Times Greater Than Decade Ago NewsNet5.com SUMMIT COUNTY — A new study shows foreclosure rates in Summit County remain at record-high levels, NewsChannel5 reported. The Policy Matters Ohio study showed the county’s per capita foreclosure rate went from no. 8 statewide in 2003 to no.7 in 2004. Overall, foreclosure rates in […]
Summit, Stark Set Foreclosure Records
Rates in region are 3 to 5 times higher than ’94By Gloria Irwin The Akron Beacon Journal Even with the economy improving, foreclosure filings against property owners in Stark and Summit counties remained at record levels last year, a new study says. Summit County’s foreclosures per capita worsened last year, moving the county from eighth […]
Groups Debate Impact of CAFTA Trade Bill
Study says NAFTA cost Ohio 50K jobsby Yvonne Teems Dayton Business Journal While some say a free trade agreement to be voted on by the U.S. House of Representatives later this month may contribute to more lost jobs in Ohio, others say it will present more opportunities for small businesses and manufacturers. The Dominican Republic-Central […]
Out of the Basement: Who Would Benefit From a Minimum Wage Increase in Ohio?
League of Women Voters – LWV Cincinnati Area VOTER The federal minimum wage of $5.15 an hour has less purchasing power than in all but one of the past fifty years. Since its high point in 1968, the value of a minimum wage paycheck has fallen by more than 30%. Today a full-time minimum wage […]
Trust Taft & Co. With Tax Reform?
The worry behind the governor’s featBy Michael Douglas The Akron Beacon Journal State Sen. Marc Dann neatly framed the mystery surrounding Bob Taft and his failure to report golf rounds as gifts on his financial-disclosure statements. The Youngstown Democrat explained to reporters last week that the governor “lives in a bubble,” with schedulers and other […]
Lucas, Wood Rank High in Foreclosures
The Toledo Blade Lucas and Wood counties have the dubious distinction of ranking among the highest in the state for foreclosures last year. A report released yesterday shows Lucas County with 2,766 such actions on housing in 2004, or one for every 163 people, enough to rank sixth highest among Ohio’s 88 counties. Wood ranked […]
Weak Economy, Predatory Lending Lead to Foreclosure Leap
Dayton Daily News by By Cathy Mong, Shaheen Samavati DAYTON | For the second year in a row, Montgomery County leads the state in the number of foreclosures per person. According to Policy Matters Ohio, a Cleveland-based research organization, 4,002 foreclosures were filed in 2004 among the county’s 550,063 residents
Employment and Economy – Week in Review
The Hannah Report Gov. Bob Taft awarded more than $1.1 million in grants to five colleges and one career center to provide advanced training for Ohio’s skilled workforce and said this advanced training will help companies to further the skills of existing workers and to prepare those who will need to replace a growing number […]