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  • July 25, 2013

    The federal funding cuts known as sequestration have dropped out of the news for the most part. But new numbers about the continuing mismatch between employers’ needs and job applicants’ qualifications are a reminder that job training programs are among the victims of the across-the-board cutbacks. Forbes magazine reports that Ohio is... Read More
  • July 24, 2013

    — by Jamila Trindle
    Ohio Democratic Sen. Sherrod Brown said Wednesday he will continue pressing banks about their commodities holdings and will likely hold another hearing in September. Brown, whose banking subcommittee held a hearing on the issue Tuesday, said on a press call that he still needs more information from regulators including the Federal Reserve and the... Read More
  • July 24, 2013

    — by Deidre Shesgreen
    WASHINGTON - U.S. Sen. Sherrod Brown wants the Federal Reserve to put new limits on banks trading and owning raw materials after a hearing raised doubts about whether regulators really know what's going on at those units. Brown, D-Ohio, Wednesday accused bank holding companies of engaging in "anti-competitive practices" by hoarding commodities... Read More
  • July 23, 2013

    The U.S. commodities market regulator has put Wall Street banks and other big traders on notice for a possible investigation of their metals warehousing businesses following years of complaints about inflated prices. The Commodity Futures Trading Commission last week sent a letter to firms ordering them to preserve... Read More
  • July 23, 2013

    U.S. Sen. Sherrod Brown, in a letter to company president Tim Gudszend, has asked Aurora’s Rotek Inc. to end the work stoppage involving more than 100 members of the United Steelworkers.He also has offered his aid to reaching a “fair and equitable agreement.”Rotek manufactures large diameter slewing bearings and seamless forged... Read More
  • July 23, 2013

    — by Doug Buchanan
    The way banks process checks – widely blamed for running up excessive overdraft fees on consumers – is being targeted in a new bill to be introduced by Ohio Sen.Sherrod Brown, the Cleveland Plain Dealerreports. Many banks process payments "high-to-low," with the largest amounts first, which can subject more transactions to... Read More
  • July 23, 2013

    — by Jon Behm
    LORAIN — The old Gel-Pak building at 1205 Broadway has come a long way since November 2011. Twenty months worth of work came to fruition on Monday as the new headquarters of the Lorain County Health & Dentistry was dedicated at a 9 a.m. ceremony. “The total renovations cost about $8.5 million,” said Stephanie Wiersma,... Read More
  • July 18, 2013

    — by Jesse Eisinger
    With their simultaneous display of hubris, remorselessness, incompetence and corruption, the banks have finally ignited a modicum of courage in banking regulators. The postcrisis bad behavior — reckless trading at a JPMorgan Chase unit in London, the rampant mortgage modification and foreclosure abuses, manipulation of the key... Read More
  • July 18, 2013

    — by Stacy Millberg
    KINGSVILLE TOWNSHIP — New legislation concerning brownfields could provide tools for communities seeking to redevelop the sites. Brownfields are abandoned, polluted parcels of industrial or commercial land that are available for re-use. The legislation, coined the Brownfields Utilization, Investment and Local Development (BUILD) Act, would... Read More
  • July 18, 2013

    — by Bowdeya Tweh
    Committing more money to redeveloping blighted sites around Ohio is key to creating jobs and developing communities, Ohio Sen. Sherrod Brown said Wednesday. Brown, a Democrat, said he is among sponsors of a bill that would provide additional money to the U.S. Environmental Protection Agency brownfields program, as well as add nonprofit groups to... Read More
  • July 17, 2013

    — by Melanie Burton
    (Reuters) - A U.S. Senate committee will hold a hearing next week on whether banks should control physical storage of commodities, the HuffingtonPost reported, a signal that lawmakers may toughen their stance on this controversial but lucrative business for Wall Street firms. Goldman Sachs Group Inc, JP Morgan Chase & Co and Morgan Stanley all... Read More
  • July 17, 2013

    — by Cleveland Plain Dealer Editorial Board
    They put their lives on the line. Now they stand in line. The Department of Veterans Affairs is a Sargasso Sea, awash in about 500,000 backlogged disability compensation claims nationally. Earlier this year, the total number of pending cases was closer to 800,000, the majority of which -- nearly 70 percent -- had been floating around like so... Read More
  • July 17, 2013

    — by Jessica Wehrman
    WASHINGTON — It took 730 days, required two nominations and provoked untold Senate acrimony, but the U.S. Senate yesterday confirmed former Ohio Attorney General Richard Cordray as the head of a federal consumer watchdog agency. The final Senate vote was 66-34. Both of Ohio’s senators, Democrat Sherrod Brown and Republican Rob Portman,... Read More
  • July 17, 2013

    After Fail­ing to Pass a Com­pre­hen­sive Five-Year Farm Bill for Two Con­sec­u­tive Years, U.S. House of Rep­re­sen­ta­tives Strips Nutri­tion Pro­grams from Farm Bill, Hurt­ing Ohio Farm­ers, Chil­dren, and Families More than 530 Agri­cul­ture and Rural Devel­op­ment... Read More
  • July 15, 2013

    — by Chris Balusik
    WASHINGTON — U.S. Sen. Sherrod Brown this week announced plans to reintroduce legislation he feels will give local communities more control over the type of job training their workers receive. The Strengthening Employment Clusters to Organize Regional Success, or SECTORS, Act originally was introduced in 2008 as part of the Workforce... Read More
  • July 15, 2013

    NY Sen. Schumer & Ohio's Sen. Brown Call on MTA to Reform Project Bids BUFFALO, N.Y., July 12, 2013 /PRNewswire-USNewswire/ -- The United Steelworkers (USW) flagged yesterday's public statements and a joint letter by U.S. Sens. Charles Schumer (D-NY) and Sherrod Brown (D-OH) directed at the NY Metropolitan Transportation Authority (MTA),... Read More
  • July 12, 2013

    While action last week by three federal agencies requiring “too big to fail” banks to bulk up their reserves is encouraging, we continue to support legislation sponsored by U.S. Sens. Sherrod Brown, D-Ohio, and David Vitter, R-La., that unequivocally give such requirements the force of law. The Federal Deposit Insurance Corporation,... Read More
  • July 12, 2013

    Many companies have jobs to fill, but there are few workers who have the training and skills to be hired for them. That’s the problem two Ohio legislators are working to fix. WCPO reported that Sen. Sherrod Brown hopes to address the problem with legislation that would redirect federal job training funding to communities where... Read More
  • July 11, 2013

    — by Deidre Shesgreen
    Richard Cordray, Ohio’s former attorney general, is at the center of a bitter feud over the so-called “nuclear option” — a change to the Senate’s filibuster rules that Democratic leaders are considering amid their frustration over GOP stalling tactics. Republicans have blocked an up-or-down vote on Cordray’s... Read More
  • July 10, 2013

    — by Shahien Nasiripour
    WASHINGTON -- Top policymakers and lawmakers have increasingly acknowledged over the past year that despite a new law and numerous regulations enacted in the wake of the financial crisis, some banks remain "too big to fail" -- and a threat to the economy. On Tuesday, the three federal agencies that regulate the nation's banks responded to those... Read More