HISTORY SALUTES THE AMERICAN SOLDIER.
http://www.history.com/video.do?name=culture&bcpid=1681694254&bclid=1675979317&bctid=22751690001
Happy 4th of July 2010 !!
Saturday, May 23, 2009
The History of Memorial Day!
http://www.history.com/content/memorial/the-history-of-memorial-day
Memorial Day was originally known as Decoration Day because it was a time set aside to honor the nation's Civil War dead by decorating their graves. It was first widely observed on May 30, 1868, to commemorate the sacrifices of Civil War soldiers, by proclamation of General John A. Logan of the Grand Army of the Republic, an organization of former sailors and soldiers. On May 5, 1868, Logan declared in General Order No. 11 that:
The 30th of May, 1868, is designated for the purpose of strewing with flowers, or otherwise decorating the graves of comrades who died in defense of their country during the late rebellion, and whose bodies now lie in almost every city, village, and hamlet churchyard in the land. In this observance no form of ceremony is prescribed, but posts and comrades will in their own way arrange such fitting services and testimonials of respect as circumstances may permit.
During the first celebration of Decoration Day, General James Garfield made a speech at Arlington National Cemetery, after which 5,000 participants helped to decorate the graves of the more than 20,000 Union and Confederate soldiers buried in the cemetery.
This 1868 celebration was inspired by local observances of the day in several towns throughout America that had taken place in the three years since the Civil War. In fact, several Northern and Southern cities claim to be the birthplace of Memorial Day, including Columbus, Miss.; Macon, Ga.; Richmond, Va.; Boalsburg, Pa.; and Carbondale, Ill.
In 1966, the federal government, under the direction of President Lyndon Johnson, declared Waterloo, N.Y., the official birthplace of Memorial Day. They chose Waterloo—which had first celebrated the day on May 5, 1866—because the town had made Memorial Day an annual, community-wide event during which businesses closed and residents decorated the graves of soldiers with flowers and flags.
By the late 1800s, many communities across the country had begun to celebrate Memorial Day and, after World War I, observances also began to honor those who had died in all of America's wars. In 1971, Congress declared Memorial Day a national holiday to be celebrated the last Monday in May. (Veterans Day, a day set aside to honor all veterans, living and dead, is celebrated each year on November 11.)
Today, Memorial Day is celebrated at Arlington National Cemetery with a ceremony in which a small American flag is placed on each grave. Also, it is customary for the president or vice-president to give a speech honoring the contributions of the dead and lay a wreath at the Tomb of the Unknown Soldier. About 5,000 people attend the ceremony annually.
Several Southern states continue to set aside a special day for honoring the Confederate dead, which is usually called Confederate Memorial Day.
Columbus Strikes 1,000-Job Deal With Chase
http://www.nbc4i.com/cmh/news/local/article/columbus_city_council_unveils_plan_nets_1000_jobs_from_chase/15854/
By Matt Alvarez
Reporter
Published: May 18, 2009
COLUMBUS, Ohio —Bringing in new jobs isn’t the easiest of tasks in the midst of an unstable economy.
But that’s exactly what happened as Columbus City Council approved legislation with JP Morgan Chase Monday to bring 1,000 new jobs into Central Ohio by the end of the year and retain another 10,000 positions.
“It’s a good day in Columbus,“ says Councilmember Andrew Ginther. “We’ve been working with the mayor’s office to make sure we’re putting the most competitive, aggressive package to Chase for their consideration.“
The city is expected to bring in $4.5 million in additional income tax from the new jobs over eight years. The deal was settled when council offered Chase a Jobs Growth Incentive of 35 percent for eight years and a Job Creation Tax credit of 65 percent for 10 years.
The acquisition of the new jobs is the first step of the city’s three-point plan to go from a $16-million shortfall to getting back in the black.
Mayor Michael Coleman said the first point is that the city has to be aggressive about finding jobs and opportunities locally.
Second is the reformation of government, meaning making government more efficient—like making city workers pay more in their health insurance.
The third point is the passage of the .5-percent income tax proposal in August.
The city said the three steps will be able to sustain essential city services, keep neighborhoods safe and maintain the quality of life that makes Columbus attractive to companies like Chase.
Ginther also said the city is courting other corporations to expand business in Columbus, adding that it’s all part of the city’s short- and long-term plans.
For additional information, stay with nbc4i.com and NBC 4 and refresh nbc4i.com—Where Accuracy Matters.
Check out Don't Wave Your Dream Home Goodbye: Beware of These Credit Report R
http://realestate.aol.com/article/credit/_a/credit-red-flags/20090511002?ncid=AOLCOMMre00dynlprim0019&icid=main
In the hunt for a new home? While your overall credit score is a good snapshot of who you are as a borrower, getting a mortgage is more than just crunching numbers a computer kicks out -- lenders will be going over your credit report with a fine-tooth comb.
Credit Center: Get Credit Advice
According to Seth Asher Rabinowitz, CEO of MyLoanMarket.com, many homebuyers aren't even aware of the "human review" component of a loan underwriter. It is this person's job to look for derogatory entries in your credit report that a computer may not weigh as heavily. Here are some of those red flags that can stick out and lower your home-buying power.
You're Maxed Out
A credit score under 740 can cost hundreds if not thousands of dollars at the time of application in fees and/or higher interest expense over the life of the loan, says Jay Dacey, a mortgage planner with MN Real Estate Loans in the Twin Cities. If your zero percent credit cards are maxed out, it is nearly impossible to stay over that 740 mark even if you've never been late on a payment. The moral of the story: Don't trip over nickels to pick up pennies, says Dacey. Having zero percent on your TV, laptop, or couch so you can make one percent on your savings account is not worth it when you go to get a mortgage and pay through the teeth because you thought you were "sticking it to the bank" on your zero percent card.
You're Not Quite Credit-Worthy
Late payments speak volumes on your credit report. While a "late" is reflected in your overall score and indicated when a reviewer looks at all the accounts, all late payments are not created equal, says Rabinowitz. A late to a cell phone carrier isn't as alarming as a mortgage late, but a mortgage late takes the prize for being the biggest and brightest glowing red flag. Consequences for lates, such as "in default," "serious delinquency," and "foreclosure," are visible to anyone reading your credit report. Each of these categorizations would be serious red flags and more than likely eliminate the possibility of a traditional lender or bank making a mortgage loan in these troubled times, says Rabinowitz.
Lesser-known red flags on a credit report are real estate tax liens from the federal or your state/local government, says Rabinowitz. Lending underwriters might ask themselves, "Well, if this potential borrower can't pay the tax bill on the previous property, how can we safely extend credit on a new one?" Rabinowitz's advice: Verify that the tax lien on your report is, in fact, not a mistake, as many are. If it is an error, seek help to get it removed through the process, or research how to do it on your own. If it's not an error, you'll have no choice but to pay off the tax lien. If you can't wait for it to come off the report "naturally," proactively try to get it removed.
You've Bottomed Out
Sure, it looks bad in the eyes of a lender to have legally declared yourself financially insolvent, but a bankruptcy doesn't necessarily reduce your home-owning hopes to rubble. "Bankruptcies on a credit report do have impact for up to 10 years," says Eric T. Mitchell, managing partner of National Credit Associates in Sherman Oaks, California. "However, FHA loans allow for a new mortgage once the bankruptcy has been discharged for two years." They will even allow a new mortgage one year after a bankruptcy if it was caused by a hardship as opposed to financial mismanagement. Even better, FHA allows for a new mortgage for people still in a Chapter 13 bankruptcy as long as the most recent 12 months trustee payments have been timely made. There's a 3.5 percent down payment and you only need to display that you can truly afford the monthly payments. Fannie Mae and Freddie Mac do require the bankruptcy to be discharged up to five years to be considered for new financing.
-- Mortgage fix can hurt credit score
-- Ready for a great mortgage rate?
-- Credit red flags lenders look for
-- Credit mistakes that can cost you
-- Refinancing do's and don'ts
-- Tips to get the lowest mortgage rate
-- How foreclosure affects your credit
-- Escaping foreclosure hell: Here's how
-- Get More Credit Advice
You're Overdue
More non-traditional items are showing up on credit reports, says Rodney Anderson, a mortgage and credit expert from Plano, Texas. These days, it's not just traditional creditors and medical organizations that are reporting past due and collection accounts. Municipalities are also reporting overdue fees and fines to the credit bureaus for unpaid items like parking tickets and even past due library accounts. The best thing borrowers can do is find out what their credit reports say prior to entering a transaction. Becoming aware of your credit situation puts you in the position of control.
Your Happy Ending
This is a great time to buy a house, says certified financial planner, Christine D Moriarty, president of MoneyPeace, Inc. Despite your red flags you can own a new home, as long as you're armed with the facts about your finances and committed to making the necessary changes. "I usually tell couples to start to prepare for the house hunt and mortgage search a year beforehand," says Moriarty. So the faster you find the potential red flags on your credit report, the longer you have to correct them and clear the way to a happy closing.
Don't Wave Your Dream Home Goodbye: Beware of These Credit Report Red Flags
By Janene Mascarella
May 11, 2009
Know Your Credit Score
There's no better time than now to get your credit report and score! Get It Now: Free Credit Report & ScoreCredit Center: Get Credit Advice
You're Maxed Out
A credit score under 740 can cost hundreds if not thousands of dollars at the time of application in fees and/or higher interest expense over the life of the loan, says Jay Dacey, a mortgage planner with MN Real Estate Loans in the Twin Cities. If your zero percent credit cards are maxed out, it is nearly impossible to stay over that 740 mark even if you've never been late on a payment. The moral of the story: Don't trip over nickels to pick up pennies, says Dacey. Having zero percent on your TV, laptop, or couch so you can make one percent on your savings account is not worth it when you go to get a mortgage and pay through the teeth because you thought you were "sticking it to the bank" on your zero percent card.
You're Not Quite Credit-Worthy
Late payments speak volumes on your credit report. While a "late" is reflected in your overall score and indicated when a reviewer looks at all the accounts, all late payments are not created equal, says Rabinowitz. A late to a cell phone carrier isn't as alarming as a mortgage late, but a mortgage late takes the prize for being the biggest and brightest glowing red flag. Consequences for lates, such as "in default," "serious delinquency," and "foreclosure," are visible to anyone reading your credit report. Each of these categorizations would be serious red flags and more than likely eliminate the possibility of a traditional lender or bank making a mortgage loan in these troubled times, says Rabinowitz.
Your Credit Score Can Cost or Save You Thousands. Know Where You Stand.
Get Your 2009 Credit Report | Get Your 2009 Credit Score
You Owe Uncle SamGet Your 2009 Credit Report | Get Your 2009 Credit Score
Lesser-known red flags on a credit report are real estate tax liens from the federal or your state/local government, says Rabinowitz. Lending underwriters might ask themselves, "Well, if this potential borrower can't pay the tax bill on the previous property, how can we safely extend credit on a new one?" Rabinowitz's advice: Verify that the tax lien on your report is, in fact, not a mistake, as many are. If it is an error, seek help to get it removed through the process, or research how to do it on your own. If it's not an error, you'll have no choice but to pay off the tax lien. If you can't wait for it to come off the report "naturally," proactively try to get it removed.
You've Bottomed Out
Sure, it looks bad in the eyes of a lender to have legally declared yourself financially insolvent, but a bankruptcy doesn't necessarily reduce your home-owning hopes to rubble. "Bankruptcies on a credit report do have impact for up to 10 years," says Eric T. Mitchell, managing partner of National Credit Associates in Sherman Oaks, California. "However, FHA loans allow for a new mortgage once the bankruptcy has been discharged for two years." They will even allow a new mortgage one year after a bankruptcy if it was caused by a hardship as opposed to financial mismanagement. Even better, FHA allows for a new mortgage for people still in a Chapter 13 bankruptcy as long as the most recent 12 months trustee payments have been timely made. There's a 3.5 percent down payment and you only need to display that you can truly afford the monthly payments. Fannie Mae and Freddie Mac do require the bankruptcy to be discharged up to five years to be considered for new financing.
Get the Most for Your Money
-- Mortgage fix can hurt credit score
-- Ready for a great mortgage rate?
-- Credit red flags lenders look for
-- Credit mistakes that can cost you
-- Refinancing do's and don'ts
-- Tips to get the lowest mortgage rate
-- How foreclosure affects your credit
-- Escaping foreclosure hell: Here's how
-- Get More Credit Advice
More non-traditional items are showing up on credit reports, says Rodney Anderson, a mortgage and credit expert from Plano, Texas. These days, it's not just traditional creditors and medical organizations that are reporting past due and collection accounts. Municipalities are also reporting overdue fees and fines to the credit bureaus for unpaid items like parking tickets and even past due library accounts. The best thing borrowers can do is find out what their credit reports say prior to entering a transaction. Becoming aware of your credit situation puts you in the position of control.
Your Happy Ending
This is a great time to buy a house, says certified financial planner, Christine D Moriarty, president of MoneyPeace, Inc. Despite your red flags you can own a new home, as long as you're armed with the facts about your finances and committed to making the necessary changes. "I usually tell couples to start to prepare for the house hunt and mortgage search a year beforehand," says Moriarty. So the faster you find the potential red flags on your credit report, the longer you have to correct them and clear the way to a happy closing.
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Check out What the Cardholder Law Means to You - WalletPop
http://www.walletpop.com/credit/credit-cards/article/_a/bbdp/what-the-cardholder-law-means-to-you/490579?icid=main
Now that lawmakers are close to finalizing federal laws to protect millions of consumers who rely on credit cards, it signals a new era of managing credit.
The new normal for credit cards may be more transparent and easier to understand for everyday Americans. Credit card issuers and credit industry analysts say the new law will make credit cards more costly for all users and unaccessible for low-income families. Look for the return of routine annual fees, fewer rewards cards and the possibility that credit card bills will be payable immediately rather than after a month-long grace period.
The New Normal
With the passage of a bill Tuesday by the Senate, it assures that a new law containing the most far-reaching changes to the credit card industry in decades will be enacted. The House passed a similar bill in April, and President Barack Obama has indicated strong support for credit card reform. While the bills differ in many details, and will have to be reconciled before reaching the president's desk, they agree in their broad outlines
What will the credit card law mean for cardholders? Millions of credit card users will avoid retroactive interest rate increases on existing card balances and have more time to pay their monthly bills, greater advance notice of changes in credit card terms and fewer penalty fees, late charges and interest payments. Once in effect, the law will also fundamentally change the way credit card issuers market, bill and advertise credit cards.
Here are the highlights of the proposed law:
Limited interest rate hikes: Interest rate hikes on existing balances would be allowed only under limited conditions, such as when a promotional rate ends, there is a variable rate or if the cardholder makes a late payment. Interest rates on new transactions can increase only after the first year. Significant changes in terms on accounts cannot occur without 45 days' advance notice of the change.
No more universal default: "Universal default," the practice of raising interest rates on customers based on their payment records with other unrelated credit issuers (such as utility companies and other creditors), would end.
Skip over this content More time to pay monthly bills: Credit card issuers would have to give card account holders "a reasonable amount of time" to make payments on monthly bills. That means payments would be due at least 21 days after they are mailed or delivered. Consumers have complained about due dates that change without notice or are moved up, giving them less time to pay their bills and increasing the likelihood of late fees.
Clearer due dates and times: Credit card issuers would no longer be able to set early morning or other arbitrary deadlines for payments. Cut-off times set before 5 p.m. on the payment due dates would be illegal under the new law. Payments due at those times or on weekends, holidays or when the card issuer is closed for business will not be subject to late fees.
Highest interest balances paid first: When consumers have accounts that carry different interest rates for different types of purchases (i.e., cash advances, regular purchases, balance transfers or ATM withdrawals), payments in excess of the minimum amount due must go to balances with higher interest rates first. Current industry practice is to apply all amounts over the minimum monthly payments to the lowest-interest balances first -- thus extending the time it takes to pay off higher-interest rate balances.
Limits on over-limit fees: Consumers must "opt in" to over-limit fees. Those who opt out would have their transactions rejected if they exceed their credit limits, thus avoiding over-limit fees. Fees charged for going over the limit must be reasonable.
No more double-cycle billing: Finance charges on outstanding credit card balances would be computed based on purchases made in the current cycle rather than going back to the previous billing cycle to calculate interest charges. So-called two-cyle or double-cycle billing hurts consumers who pay off their balances, because they are hit with finance charges from the previous cycle even though they have paid the bill in full.
Subprime credit cards for people with bad credit: People who get subprime credit cards and are charged account-opening fees that eat up their available balances would get some relief under the new law. These upfront fees cannot exceed 25 percent of the available credit limit in the first year of the card.
Skip over this content Minimum payments: Credit card issuers must disclose to cardholders the consequences of making only minimum payments each month, namely how long it would take to pay off the entire balance if users only made the minimum monthly payment. Issuers must also provide information on how much users must pay each month if they want to pay off their balances with 12, 24 or 36 months, including the amount of interest.
At a Glance: Proposed Credit Card Law
• What's happening: The U.S. Senate has approved the toughest credit card restrictions in its history. If signed by President Obama, portions of the law could take effect starting in the fall with most protections starting nine months after enactment.
• Why it's important: A new federal credit card law will tilt the playing field toward consumers by removing some of the credit card industry's most profitable and punitive practices. Consumer advocates favor it. Card issuers warn it will drive up the price of and limit the availability of credit cards at a time when the country needs more spending to stimulate the economy.
• What's next: The House and Senate versions of the bill must be reconciled. The final version could be signed into law by President Obama by the end of May.
2009-05-19 15:35:12
Now that lawmakers are close to finalizing federal laws to protect millions of consumers who rely on credit cards, it signals a new era of managing credit.
The new normal for credit cards may be more transparent and easier to understand for everyday Americans. Credit card issuers and credit industry analysts say the new law will make credit cards more costly for all users and unaccessible for low-income families. Look for the return of routine annual fees, fewer rewards cards and the possibility that credit card bills will be payable immediately rather than after a month-long grace period.
The New Normal
With the passage of a bill Tuesday by the Senate, it assures that a new law containing the most far-reaching changes to the credit card industry in decades will be enacted. The House passed a similar bill in April, and President Barack Obama has indicated strong support for credit card reform. While the bills differ in many details, and will have to be reconciled before reaching the president's desk, they agree in their broad outlines
What will the credit card law mean for cardholders? Millions of credit card users will avoid retroactive interest rate increases on existing card balances and have more time to pay their monthly bills, greater advance notice of changes in credit card terms and fewer penalty fees, late charges and interest payments. Once in effect, the law will also fundamentally change the way credit card issuers market, bill and advertise credit cards.
Here are the highlights of the proposed law:
Limited interest rate hikes: Interest rate hikes on existing balances would be allowed only under limited conditions, such as when a promotional rate ends, there is a variable rate or if the cardholder makes a late payment. Interest rates on new transactions can increase only after the first year. Significant changes in terms on accounts cannot occur without 45 days' advance notice of the change.
No more universal default: "Universal default," the practice of raising interest rates on customers based on their payment records with other unrelated credit issuers (such as utility companies and other creditors), would end.
Skip over this content More time to pay monthly bills: Credit card issuers would have to give card account holders "a reasonable amount of time" to make payments on monthly bills. That means payments would be due at least 21 days after they are mailed or delivered. Consumers have complained about due dates that change without notice or are moved up, giving them less time to pay their bills and increasing the likelihood of late fees.
Clearer due dates and times: Credit card issuers would no longer be able to set early morning or other arbitrary deadlines for payments. Cut-off times set before 5 p.m. on the payment due dates would be illegal under the new law. Payments due at those times or on weekends, holidays or when the card issuer is closed for business will not be subject to late fees.
Highest interest balances paid first: When consumers have accounts that carry different interest rates for different types of purchases (i.e., cash advances, regular purchases, balance transfers or ATM withdrawals), payments in excess of the minimum amount due must go to balances with higher interest rates first. Current industry practice is to apply all amounts over the minimum monthly payments to the lowest-interest balances first -- thus extending the time it takes to pay off higher-interest rate balances.
Limits on over-limit fees: Consumers must "opt in" to over-limit fees. Those who opt out would have their transactions rejected if they exceed their credit limits, thus avoiding over-limit fees. Fees charged for going over the limit must be reasonable.
No more double-cycle billing: Finance charges on outstanding credit card balances would be computed based on purchases made in the current cycle rather than going back to the previous billing cycle to calculate interest charges. So-called two-cyle or double-cycle billing hurts consumers who pay off their balances, because they are hit with finance charges from the previous cycle even though they have paid the bill in full.
Subprime credit cards for people with bad credit: People who get subprime credit cards and are charged account-opening fees that eat up their available balances would get some relief under the new law. These upfront fees cannot exceed 25 percent of the available credit limit in the first year of the card.
Skip over this content Minimum payments: Credit card issuers must disclose to cardholders the consequences of making only minimum payments each month, namely how long it would take to pay off the entire balance if users only made the minimum monthly payment. Issuers must also provide information on how much users must pay each month if they want to pay off their balances with 12, 24 or 36 months, including the amount of interest.
At a Glance: Proposed Credit Card Law
• What's happening: The U.S. Senate has approved the toughest credit card restrictions in its history. If signed by President Obama, portions of the law could take effect starting in the fall with most protections starting nine months after enactment.
• Why it's important: A new federal credit card law will tilt the playing field toward consumers by removing some of the credit card industry's most profitable and punitive practices. Consumer advocates favor it. Card issuers warn it will drive up the price of and limit the availability of credit cards at a time when the country needs more spending to stimulate the economy.
• What's next: The House and Senate versions of the bill must be reconciled. The final version could be signed into law by President Obama by the end of May.
2009-05-19 15:35:12
Ohio's jobless rate jumps to 10.2%
http://columbusdispatch.com/live/content/local_news/stories/2009/05/23/10_percent.ART_ART_05-23-09_A1_SSDV0KB.html?sid=101
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Saturday, May 23, 2009 3:09 AM
THE COLUMBUS DISPATCH
Of all the regrettable elements of the early 1980s -- think big hair and Diff'rent Strokes -- there is one that nobody wanted to see again: double-digit unemployment.
It's back, though.
Ohio got fresh evidence yesterday that the economy is replaying the worst days of that decade, as the state unemployment rate hit double digits for the first time in 25 years.
The seasonally adjusted rate was 10.2 percent in April, up from 9.7 percent in March and up from 6.2 percent a year earlier, according to figures from the Ohio Department of Job and Family Services.
"The economy is still deteriorating," although not as dramatically as it was at the beginning of the year, said Ken Mayland of ClearView Economics in the Cleveland area. "We are approaching the bottom, though we're not quite there yet."
Gov. Ted Strickland said there are "embryonic signs" that the economy is beginning to recover. "However, even if that is the case, it is likely that there will continue to be a period of continued job loss," he said.
If the early 1980s are any guide, the losses might continue for a while. Ohio's unemployment rate rose to 10.1 percent in July 1981 and stayed in double digits until January 1984. The peak was in January 1983: 13.8 percent.
Skully Webb also has thoughts on the economy and about the 1980s. He owns Skully's Diner, a dance club in the Short North known for its "Ladies '80s" Thursday nights.
His customers, mainly in their 20s, don't seem to be feeling the effects of the downturn, he said, but he can see evidence of distress in his job applicants.
"We're getting three to four applications per day," he said. "We're getting people who are overqualified for every position, people who lost their jobs."
He's not surprised that young people don't seem to be as worried as their parents. The same was true in the early 1980s when he was a student at Ohio State University, he said.
Economists say this downturn has no obvious precedent.
"Every recession is unique," said Bill LaFayette, vice president for economic analysis at the Columbus Chamber.
The closest parallel might be the recession of 1973-75, although the recovery from that downturn was rapid, something that isn't expected this time, he said.
The recovery that's expected will be more gradual because people can't easily get financing for houses and businesses, LaFayette said. "It's a difference between this recession and most recessions, that credit is so tight," he said.
The high unemployment rates of the early 1980s were worse than today's because jobless numbers were high even before the economy slipped into recession, said Mark Schweitzer, director of research for the Federal Reserve Bank of Cleveland.
Things were different in 2007, before the current downturn, when Ohio's jobless rate was much lower, or else the current rate "would be well up into the teens," he said.
Schweitzer thinks the slowdown is easing, but he is reluctant to speculate on when growth will return.
"The underlying indicators that we all look at -- housing starts, inventories, capital investments -- are leveling off," he said.
Last month, Ohio's biggest job losses were in manufacturing and construction; those sectors lost 11,500 and 6,700 jobs respectively.
The biggest gain was in government, which grew by 2,500 jobs, largely because of hiring for the 2010 census, the state said.
The national unemployment rate was 8.9 percent in April, up from 8.5 percent the month before and 5 percent a year earlier.
Ohio was one of eight states with a double-digit unemployment rate last month. The others were Michigan, 12.9 percent; Oregon, 12 percent; South Carolina, 11.5 percent; Rhode Island, 11.1 percent; California, 11 percent; North Carolina, 10.8 percent; and Nevada, 10.6 percent.
Rhode Island's and South Carolina's rates were their highest in decades of record-keeping; Ohio's rate is still not close to its highest on record.
North Dakota's jobless rate of 4 percent was the lowest in the country. Others below 5 percent were Nebraska, 4.4 percent, and South Dakota, 4.8 percent.
In all, 44 states and the District of Columbia had decreases in nonfarm employment last month, according to the federal Bureau of Labor Statistics.
"I think the change that has occurred in this economy is profound, unprecedented," Strickland said, "and I think it is likely that we are going to have an extended period of time with a struggling economy."
The governor added: "That does not mean -- and I've said this over and over and over -- that we can just, in a passive way, accept the circumstances that exist without, in a very targeted, proactive way, working to make the kind of investments needed for long-term prosperity."
At Skully's Diner, Webb conceded that the early 1980s might have had a rotten economy, but he said the era had "great music for partyin'."
"People say they don't want to relive the '80s," he said. "Well, the '80s were a blast."
Dispatch reporter Mark Niquette contributed to this story.
Filene's Basement issues layoff warning as auction for company assets nears
http://columbusdispatch.com/live/content/business/stories/2009/05/22/filenes.html?sid=101
105 workers at Columbus store could be affected
Friday, May 22, 2009 2:33 PM
THE COLUMBUS DISPATCH
Filene's Basement workers were warned today that they could be laid off starting as early as June 15 as the company's owners pursue an agreement to sell the company.
The company filed a notice with the state this week that says all 1,664 workers could be affected but noted the buyer could hire some or all of them back should it decide to continue operating the stores.
If only part of Filene's Basement's stores are sold, only some of the workers could lose their jobs next month, the company said in a letter to the Ohio Department of Job and Family Services. The rest would remain employed "for a brief period" as Filene's winds down operations at any remaining stores. The letter indicated the second wave of layoffs could begin July 17.
"We hope to provide additional information on or about June 10, 2009, when the Bankruptcy Court hearing on the approval of any proposed sale is currently set to occur," the company said in its letter.
In Ohio, 105 are employed at the Filene's store located at 3704 W. Dublin-Granville Rd. and 43 at the Warrensville Heights store, the letter said.
Filene's Basement had been owned by Columbus-based Retail Ventures Inc., until this spring, when it was turned over to a California liquidator, Buxbaum Holdings Inc.
Early this month, Filene's filed to reorganize under Chapter 11 bankruptcy protection.
Bids to buy the assets of Filene's Basement are due June 3 and an auction for the chain will be held June 5, the The Boston Globe reported this week, based on a filing in the U.S. District Court of Delaware.
Filene's Basement already has one bidder for part of the business. New York real estate firms Crown Acquisitions and Chetrit Group jointly have expressed interest in buying 17 of the 26 stores. It was not immediately known whether the Ohio stores are part of the 17.
Tuesday, May 19, 2009
A Funny for Everyone!
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Monday, May 18, 2009
Message & Contact Info for Kim Rhodes
Message from Kim's per her request, please see the information below......
I know there are alot of questions out there & we have a new number since being evicted.... Please post my number for anyone who has questions and concerns about their insurance, cobra, claims, 401k, Pensions & benefit programs, references & job/pay verification documents or help with resumes, job search, interview practice, etc..... My new number is 614 418-1839.
I'll be happy to assist in any way while I'm still here. Since we should be wrapped up in the next few weeks, I hope they contact us soon if they have questions!"
I know there are alot of questions out there & we have a new number since being evicted.... Please post my number for anyone who has questions and concerns about their insurance, cobra, claims, 401k, Pensions & benefit programs, references & job/pay verification documents or help with resumes, job search, interview practice, etc..... My new number is 614 418-1839.
I'll be happy to assist in any way while I'm still here. Since we should be wrapped up in the next few weeks, I hope they contact us soon if they have questions!"
Who’s Hiring In Central Ohio?
http://www.nbc4i.com/cmh/news/local/article/whos_hiring_in_central_ohio/12682/
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By Denise Yost
Managing Editor, nbc4i.com
Published: February 9, 2009
Which companies are hiring in Central Ohio?
This page is updated constantly with Central Ohio’s hottest job prospects. UPDATED Monday, May 18, 2009.
COLUMBUS JOB FAIR AT EASTON
The Easton Community Foundation and Jewish Family Services were set to host a free job fair for adults that features 55 local businesses. Click here for more information.
HOLIDAY INN EXPRESS COLUMBUS-DUBLIN JOB FAIR
The hotel will be having a job fair at Staybridge Suites 6095 Emerald Pkwy., Dublin, from 9 a.m. to 6 p.m. June 17 for the new Holiday Inn Express Columbus-Dublin. The employer will be hiring 10 full-time employees and five part-time employees for housekeeping and front desk.
LATINO JOB FAIR
NBC 4 is sponsoring a special, free Latino job fair with a chance to meet more than 40 area employers. Come out from 10 a.m. to 2 p.m. Tuesday, April 28, at COSI Columbus, 333 W. Broad St., Columbus.
COLUMBUS CAREER FAIR
National Career Fairs is holding a Columbus Career Fair from 11 a.m. to 2 p.m. Wednesday, April 29, at the Hyatt Regency Columbus, 350 N. High St., Columbus.
Visit http://www.nationalcareerfairs.com for more information.
DELAWARE JOBSITE
The Delaware County District Library is pleased to introduce a FREE new service to the Delaware county community targeted at those looking for a job, investigating career opportunities, or simply needing more information on creating resumes, cover letters, web based e-mail accounts, or online job applications. Called “JobSite,” this service is a combination of print and non-print resources and expert help.
JobSite is open to the public the same hours as the library is open to the public: 9 a.m. to 8 p.m. Monday through Thursday, 9 a.m. to 5 p.m. Friday and Saturday 1 to 5 p.m. and Sunday.
For additional information on the new JobSite center,
Call 740-363-7277 or 614-736-5454 or visit http://www.delawarelibrary.org for more information.
AETNA
Aetna announced Tuesday, April 7, it will hire at least 200 new employees for its New Albany facility on West Campus Drive.
The expansion was expected to bring approximately 210 to 250 new jobs in the community.
Aetna said it will hire for positions ranging from care-management nurses and health concierges to project managers and support staff.
The new positions will be posted over a several month period. Interested individuals were encouraged to visit Aetna’s Web site to see new jobs as they are posted: http://www.aetna.com/working.
PROGRESSIVE MEDICAL
For those looking for a new job or career change, look in the medical field for pharmacy technician positions.
You have to pass a state exam, but a 10-week program offered at Columbus State Community College may be able to help and land you a job.
A company called Progressive Medical in Westerville is hiring pharmacy technicians. The company sells medical equipment and runs a mail-order pharmacy.
The company usually pays $12 to $14 an hour and employees receive benefits the day they begin work.
The course at Columbus State is $750 and the price includes books.
For more information, visit http://www.cscc.edu/Workforce/index.html and http://www.cscc.edu/Workforce/certificates/pharmtech.html
BATTELLE
Battelle is hiring.
Batelle’s director of recruiting, said while the company waits for completion on its expansion projects and those 200 jobs to come to fruition, it currently has more than 100 open positions—as long as you have the right background.
Click here for a list of available positions.
EQUITY TRANSPORT, LLC
Equity Transport, LLC is hiring.
Equity Transport, LLC is looking for as many owner/operators of trucks to add to its fleet as possible.
Equity Transport, LLC also will be looking for certified fork lift operators and dock workers for our truck terminal located on Lone Eagle Street off of Georgesville Road.
To obtain additional information about jobs at Equity Transport, LLC, call 614-851-3201 or visit PortLogisticsGroup.com.
BOB EVANS
Bob Evans employs 49,000 people nationwide and is now hiring several different positions for management, including a regional director and a senior internal auditor.
The company also has positions on their site for manager in training for restaurants in the Central Ohio area.
Visit http://www.bobevans.com for information.
OHIO HEALTH
Ohio Health: http://www.ohiohealth.com/body.cfm?id=18&oTopID=18
OSU
The Ohio State University is one of Central Ohio’s largest employers.
The best way for applicants to apply is online http://jobs.osu.edu to search for a position or see them all.
Jobs are posted weekly.
ADDITIONAL RESOURCES:
Ohio’s Jobs and Family Services
http://www.ohiomeansjobs.com
Atrium Personnel Services
http://www.atriumpersonnel.com
Buckeye Resumes
http://www.buckeyeresumes.com
The Mergis Group
http://www.mergisgroup.com
Recruiter-Talk
http://www.recruiter-talk.com
Source One Career Coaching
http://www.sourceonecareercoaching.com
Worthington Career Services
http://www.worthingtonresumes.com
COTA JOB FAIR
COTA will have a job fair Saturday, Feb. 14. Up to 50 workers are needed to fill positions associated with the Fields Avenue renovation project.
The job fair takes place from 9 to 11 a.m. at the Linden Transit center at 1390 Cleveland Avenue at 11th Avenue.
Electricians, plumbers, pipe fitters and sheet metal workers are needed.
The Delaware Connection is hiring. visit their web site at www.thedelawareconnection.com
Free Job Fair Features 55 Local Businesses - Columbus Ohio
http://www.nbc4i.com/cmh/news/local/article/free_job_fair_features_55_local_businesses/15844/
By Donna Willis
Web Content Coordinator
Published: May 18, 2009
COLUMBUS, Ohio—Two organizations were set to hold a free job fair Tuesday.
NBC 4 reported with the FAST FACTS.
The Columbus Job Fair at Easton was scheduled for noon to 4 p.m. Tuesday, May 19.
The Easton Community Foundation and Jewish Family Services were set to host a free job fair for adults that features 55 local businesses.
Come out to the The Hilton Columbus at Easton, 3900 Chagrin Dr., Columbus, 43219.
Also, stop by the Northeast Career Center, at 3871 Stelzer Rd., for a Resource and Education Fair, including information on job search and career transition, health-care insurance, banking, legal and education.
For more information, visit http://www.jfscolumbus.org.
For additional information, stay with NBC 4 and refresh nbc4i.com—Where Accuracy Matters.
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