Today’s News
What’s next for Paul Allen’s big investments? It’s not clear
SEATTLE — Prior to his death last week, billionaire Microsoft co-founder Paul Allen invested large sums in technology ventures, research projects and philanthropy, some of it eclectic and highly speculative. What happens to those commitments now? Outside of bland assurances from his investment company, no one seems quite sure. Allen died in Seattle from complications of non-Hodgkin’s lymphoma, according to his company Vulcan Inc. He was 65. He never married and had no children, and [...]
Democrats: Trump intervened personally to stop FBI move
FALLS CHURCH, Va. — Administration emails show that President Donald Trump intervened personally to keep FBI headquarters in downtown Washington rather than relocate it to the suburbs as had long been planned, congressional Democrats said last week. The letter from Democratic lawmakers on the House Committee on Oversight and Government Reform says Trump’s direct involvement presents a brazen conflict of interest. Trump owns a downtown hotel across the street from FBI headquarters that could face [...]
Former nurse now operates successful child care center
The owner of a Reynoldsburg child care center has been honored by the center’s franchise as part of National Women’s Small Business Month. Carol Haynes is the owner of Kiddie Academy and was one of the women in the Kiddie Academy company recognized this month. “At Kiddie Academy, we’re proud to have hundreds of women in leadership roles. From Academy owners to directors to our executive team, women are working tirelessly day in and day [...]
In Reno, a boomtown resurgence has lead to a housing crisis for lower income residents
RENO, Nev. (AP) — They were the toast of Reno in the 1950s, when the growing casino industry sparked a boom that for a time turned northern Nevada into the West’s top gambling destination. Dozens of downtown motor lodges provided spare but comfortable retreats for motorists who took to the nation’s new highways to see the bright lights of the self-proclaimed “Biggest Little City in the World” and try their luck at the slot machines [...]
Job growth is found to be no cure for a community’s poverty
BALTIMORE (AP) — A healthy dose of job growth has long been seen as a likely cure for poverty. But new research suggests that poor Americans are frequently left behind even when their cities or communities benefit from hiring booms. When such cities as Atlanta and Charlotte enjoyed a job surge in the 20 years that began in 1990, for example, the job gains mostly bypassed residents — often African-American — who had been born [...]
Got $7.1million? Neiman Marcus tops 2018 fantasy gifts with yacht
NEW YORK (AP) — Need a $7.1 million yacht? How about jumping out of a plane on a top secret spy mission with a $315,000 price tag? Perhaps a backyard luxury clubhouse sounds better, or a million pieces of candy. No matter your taste, if you’ve got big bucks this is your time of year. The Dallas-based Neiman Marcus luxury department store company showed off its 2018 list of over-the-top fantasy gifts , with an [...]
California’s growing shadow looms over Nevada’s midterm elections
LAS VEGAS — The Republicans running in Nevada’s hotly contested races for governor and U.S. Senate are taking aim at a common target as they try to maintain GOP control of the seats: California. As more Californians have poured across the state line over the past few years, many of them escaping sky-high housing costs, some Nevada Republicans fear a state that already has become a political battleground will begin to resemble its deep blue [...]
US stocks typically ride midterm elections to solid gains
Regardless of how midterm elections turn out, Wall Street usually ends up a big winner. The S&P 500, the stock market’s benchmark index, has climbed in the 12 months after each of the midterm elections going back to 1946. That’s 18 elections, many of which ended up shuffling the balance of power in Congress. “It turns out that under every political makeup in Washington, stocks have gone up and the economy has grown,” said Kate [...]
Central Ohio housing market showing signs of loosening
Anyone looking to buy a home in central Ohio in the past five years can appreciate how difficult it has been to find many for sale. Inventory has been historically low which, given the laws of supply and demand, drives up the prices of homes that are on the market. But in the last couple of months there have been signs that the Columbus housing market may be loosening up, albeit begrudgingly. For example, the [...]
Legal News
Tougher penalties sought for masked law breakers
Since President Donald Trump was elected to the nation’s highest office in 2016, protests by leftists groups have become commonplace, especially in the nation’s capitol [...]
Proposal for ambitious response to opioid crisis sits in committee
If asked to put a meteorological spin on the state’s opioid addiction crisis, a pair of Democrat senators might characterize the epidemic as a 100-year [...]
State lawmakers to consider air conditioning for all schools
A month ago, last week, a southwest Ohio lawmaker sought from the state superintendent of schools a cost estimate to provide air conditioning to all [...]
Business News
Columbus quietly has some successful metal manufacturers
While central Ohio may be surrounded by the Rust Belt, it’s never had the large smokestack-imaged steel mills. But that doesn’t mean there aren’t any [...]
Options for kids’ birthday parties in Columbus has grown over the years
With its business continuing to grow, Awesome Family Entertainment has announced plans to expand its warehouse space. Another sign of the growing corporate and children’s [...]
Manufacturing summit to address numerous challenges in the industry
The Ohio Manufacturers’ Workforce Summit will take place next month in central Ohio as the industry continues to grow in the state. The event will [...]
Real Estate
New report shows Columbus area retail market is strong
These are unsettling times for brick-and-mortar retailers amid changing shopping habits by consumers, but the Columbus retail real estate market is holding up well, due [...]
Worthington rated as a hot housing market
High-income millennials are making one Columbus suburb a hot real estate market, according to a recent study. Worthington, or the 43085 zip code area, ranked [...]
Report: Central Ohioans paying spending a little more on their mortgages
The share of income spent on a monthly mortgage payment in central Ohio ticked up in the second quarter of 2018, while the share spent [...]
Politics
Money talks: Campaigns draw millions in ‘outsider’ cash
FRANKFORT, Ky. (AP) — It’s been eight years since the U.S. Supreme Court declared that political spending is free speech. The decision eased the way [...]
How D.C. unleashed fossil-fuel exports despite climate worries
WASHINGTON (AP) — Energy Secretary Rick Perry’s keynote speech at the World Gas Conference in June opened with a marching band and ended with an [...]
Washington has stood by Riyadh through many challenging times
LONDON — The kingdom of Saudi Arabia has enjoyed the ultimate protected status from the United States throughout its short history. Riyadh has had a [...]
