Hearing held for bill that would slash license fees for temporary workers

Published: 02/03/2012

Sen. John Eklund is joining in on the push to prorate fees on nonrenewable driver’s licenses for temporary Ohio residents.

Eklund, R-Chardon, is sponsoring Senate Bill 272, a bill that would establish, under certain circumstances, a grace period and prorated fees when a temporary resident applies for a nonrenewable license. The bill had its first hearing Wednesday.

The proposal, which was crafted to aid Ohio’s agricultural economy, is a companion bill to House Bill 333, sponsored by Rep. Ron Young, R-Leroy.

Local expert says Columbus is the 'super' city in many economic comparisons

Published: 02/03/2012

No, Columbus doesn’t have a team playing in Sunday’s Super Bowl. Heck, Columbus doesn’t even have a pro football team — though it used to, and was once home to NFL headquarters.

And no, it’s not hosting the big game, either.

But that doesn’t mean Columbus doesn’t stack up well against Boston, New York and Indianapolis in other ways, though.

Local economist Bill LaFayette has compiled some comparisons among Columbus, the cities represented in the Super Bowl and the game’s host city.

10th District: Juror sharing notes photocopied at home did not create an unfair trial

Published: 02/03/2012

A 10th District Court of Appeals panel this week rejected a woman’s arguments that she was unfairly prejudiced when a juror in her trial provided photocopied notes brought from his home and distributed them to his fellow jurors.

The three-judge panel affirmed the Franklin County Court of Common Pleas judgment and ruled that Lesley Shupe was given a fair trial in her case against Media Distributors LLC for workers’ compensation benefits.

Cracker plant would be boon for Ohio chemistry, polymer industries

Published: 02/03/2012

Last fall the head of the American Chemistry Council said that if a proposed ethane cracker plant that would be used to develop natural gases from the Utica and Marcellus shales is built in Ohio, it could result in thousands of new jobs in the chemistry industry alone.

Cal Dooley, chief executive officer of the American Chemistry Council said the plant, proposed by Royal Dutch Shell, could generate 17,000 chemistry and supplier industry jobs in Ohio.

Bill would correct oversight in retirement pay exemptions for members of uniformed services

Published: 02/03/2012

Rep. Peter Stautberg has resumed his efforts to exempt retirement pay related to service in the Commissioned Corps of the Natural Oceanic and Atmospheric Administration and the Commissioned Corps of the Public Health Services.

Retailers post mixed sales results for January

Published: 02/03/2012

NEW YORK — Retailers reported mixed sales results for January in a sign that American shoppers are continuing to be cautious about when and where they spend their money in the shaky economy.

Of the 12 merchants reporting monthly sales this week, the number of those who beat estimates and those who missed expectations was about even, according to a Thursday morning tally by Thomson Reuters.

Rate on 30-year mortgage falls to record 3.87 percent

Published: 02/03/2012

WASHINGTON — The average rate on the 30-year fixed mortgage fell this week to a record low, the ninth time that has happened in the last year. Even with the cheapest rates in history, the housing market remains depressed.

Mortgage buyer Freddie Mac said Thursday that the rate on the 30-year loan dropped to 3.87 percent this week. That below the previous record of 3.88 hit two weeks ago.

The average on the 15-year fixed mortgage fell to 3.14 percent, also a record low. Records for mortgage rates date back to the 1950s.

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