Financial
Ohio sets state export record of $50.5 billion PDF  | Print |  E-mail
Written by Associated Press   
Monday, 17 February 2014 07:35

COLUMBUS, Ohio (AP) — State officials say businesses in Ohio are exporting at a record pace and set a new state record last year.

The Ohio Development Services Agency says state exports in 2013 reached $50.5 billion worth of goods. Exports went to more than 200 countries and territories. The state has a presence in markets that include Brazil, Canada, China, Europe, India, Israel, Japan and Mexico.

Development director David Goodman says Ohio offers businesses the chance to compete globally by not imposing a tax on goods or services sold outside of the state.

The Columbus Dispatch reports (http://bit.ly/1kEPVnX ) that last year was Ohio's third consecutive record-setting year. Transportation equipment was the state's top export product, with 32 percent of total exports. Machinery was next with 14 percent, followed by chemicals at 13 percent.

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Information from: The Columbus Dispatch, http://www.dispatch.com


Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

 
After UAW defeat, can GOP fulfill promise of jobs? PDF  | Print |  E-mail
Written by ERIK SCHELZIG, Associated Press TOM KRISHER, Associated Press   
Monday, 17 February 2014 07:17

CHATTANOOGA, Tenn. (AP) — Republicans fighting a yearslong unionization effort at the Volkswagen plant in Tennessee painted a grim picture in the days leading up to last week's vote. They said if Chattanooga employees joined the United Auto Workers, jobs would go elsewhere and incentives for the company would disappear.

Now that workers have rejected the UAW in a close vote, attention turns to whether the GOP can fulfill its promises that keeping the union out means more jobs will come rolling in, the next great chapter in the flourishing of foreign auto makers in the South.

Regardless of what political consequences, if any, Republicans would face if that fails to happen, the Volkswagen vote established a playbook for denying the UAW its goal of expanding into foreign-owned plants in the region, which the union itself has called the key to its long-term future.

On the first of three days of voting at the Chattanooga plant, U.S. Sen. Bob Corker all but guaranteed the German automaker would announce within two weeks of a union rejection that it would build a new midsized sport utility vehicle at its only U.S. factory instead of sending the work to Mexico.

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Worker-run pension boards raise call for reform PDF  | Print |  E-mail
Written by FENIT NIRAPPIL, Associated Press   
Monday, 17 February 2014 07:30

SACRAMENTO, Calif. (AP) — A rift between Gov. Jerry Brown and the board overseeing the nation's largest public pension fund over rising liabilities tied to longer retiree life expectancies highlights a concern about how decisions are made at an agency with tremendous influence over state finances.

The board of the California Public Employees' Retirement System will meet Tuesday to begin considering how to address the costs associated with retirees living longer, but it already has indicated that it will ignore the governor's request to tackle the problem immediately.

Pension-reform and taxpayer advocates in California say this outcome isn't surprising considering the composition of the CalPERS board, which is dominated by public employees who will benefit from the pension system or those who are appointed by Democratic officeholders who receive significant campaign contributions from government labor unions.

They say such an arrangement, common across the U.S., can encourage rosy investment projections and low contribution rates.

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A western wrinkle on eminent domain PDF  | Print |  E-mail
Written by NICHOLAS RICCARDI, Associated Press   
Monday, 17 February 2014 07:16

BRECKENRIDGE, Colo. (AP) — The view from the deck of the small, century-old cabin was a dream come true for Andy and Ceil Barrie -- a sweeping panorama of 13,000 and 14,000-foot peaks towering above the forest of centuries-old bristlecone pines.

It convinced the couple to buy a 3-bedroom home in a subdivision below, where they could live year-round, and the 10-acre parcel surrounding the cabin in the midst the White River National Forest.

Now the county government, alarmed that the couple drives their ATV up a 1.2-mile old mining road to the cabin, wants to take the Barrie's land — and it's doing so by claiming eminent domain. Rather than using the practice of government seizure of private property to promote economic development, the county is using it to preserve open space.

The move shocked the Barries. They have allowed hikers to travel through their property, had no plans to develop the land and were negotiating with the county at the time it moved to condemn the property.

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