A government inspector general says President Barack Obama's administration played a key role in the General Motors bankruptcy in 2009 as pensions were cut for salaried Delphi Corp. retirees but not unionized workers and retirees of the supplier.
The report issued Thursday stopped short of saying the administration's role was right or wrong. It made no recommendations.
About 20,000 Delphi salaried retirees - nearly half in Ohio - saw their pensions cut by as much as 70 percent during GM's bankruptcy.
The euro serves as a common currency for most members of the European Union. Euro coins all have one side in common, while the obverse side (examples shown here) is stamped with a national motif. The tension between unity and sovereignty lies at the heart of the EU's history.
The economic crisis in Europe has had many predicting the end of the Eurozone and an end to the grand dreams of European unity. This month historian Donald A. Hempson III charts how the European Union and the Eurozone evolved out of a twin set of goals after World War II: to prevent European nations from going to war again and to foster economic prosperity across the continent. The current tensions are nothing new. Instability has long characterized the EU as it has expanded and integrated.
The state is changing the signs on its unemployment centers and putting in a new requirement for Ohioans who are out of work – that number is now at 413,000.
The new effort requires the state’s county unemployment centers to be branded under a single identity. Dave Reines is the executive director of Employment Connections, which will soon become Ohio Means Jobs Cuyahoga County.
“It seems to me that the, there’s some benefit to have some consistency across the state,” says Reines.
Five companies will compete to build a new $46 million aircraft and space gallery to open in 2015 at the National Museum of the U.S. Air Force in southwest Ohio.
The U.S. Army Corps of Engineers will select the winning bid for construction of the 224,000-square-foot building for the museum at Wright-Patterson Air Force Base near Dayton. The building will house rare presidential and research and development aircraft, spacecraft and cargo planes.
New federal data released this week gives more indication that Ohio’s economy is improving.
The latest report from the Federal International Trade Administration shows if current trends hold, Ohio will export a record amount of goods in 2013. In the first half of the year, Ohio exported just over 25 billion dollars worth of merchandise-an all-time high for the state at this point in the year.