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Honda to move North American leadership to Ohio

DETROIT -- Honda is moving its North American leadership from California to a major factory campus in Ohio....

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Found more than 1 month ago on channel Associated Press
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The Break-Up-the-Banks Drumbeat Gets Louder. But Is It Just a Bunch of Hot Air?

Conservative columnist George Will and liberal Ohio Senator Sherrod Brown don’t agree on much. So it was a little strange to see Will publish an article last week praising Brown’s legislative efforts to shrink America’s largest banks in order to remove any systemic threat that their failure might pose to the U.S. economy. But Will is not the only member of the right-leaning commentariat to write favorably of the idea of downsizing too-big-to-fail through legislative dictate, as The Wall Street Journal’s Peggy Noonan and the American Enterprise Institute’s James Pethokoukis have gotten in on the party as well. There has always been support from a segment of the Democratic Party for legislating hard caps on the size of banks, with 30 Democrats in the Senate supporting the original iteration of Brown’s legislation — the Brown-Kaufmann Amendment — when the Dodd-Frank financial reform bill was originally being debated in the spring of 2010. But many on the right have been somewhat ...

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Found more than 1 month ago on channel TIME Moneyland
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As Battle Brews Over Financial Watchdog Agency, A Look at What’s It’s Done So Far

When an appeals court ruled that President Obama’s recess appointments of members of the National Labor Relations Board was unconstitutional, it also threw into doubt the validity of the recess appointment last January of Richard Cordray, director of the Consumer Financial Protection Bureau. There was already a clash shaping up over Cordray’s reappointment; Obama nominated him Thursday, and Senate Republicans vowed to block the nomination, setting up the same stalemate that led to last year’s recess appointment in the first place.  The CFPB has had a turbulent childhood, so to speak, since it began operations in July 2011 (for one thing, it operated without a director for six months). Last week’s NLRB court decision sets a legal precedent, but it won’t affect the CFPB’s day-to-day operations, at least not in the near future. “Going forward, we will continue our essential work to protect American consumers,” a spokesperson says. The White House can  — and probably will ...

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Found more than 1 month ago on channel TIME Moneyland
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Ryan says private sector key to ending high poverty

Wednesday, October 24, 2012 - 13:51 Justin Sullivan/Getty Images Republican vice presidential candidate Rep. Paul Ryan (R-WI) speaks during a campaign rally at the Red Rocks Amphitheatre on October 23, 2012 in Morrison, Colo. Ryan said today businesses can grow jobs and private donations can displace the safety net. Paul Ryan addressed poverty today in a speech at Cleveland State University in the swing state of Ohio. The Republican vice presidential candidate said the key to stopping poverty is a robust private sector that both employs people and serves the poor. Paul Ryan said low-income Americans need access to good education, a strong safety net, "but above all else is the pressing need for jobs." "Everyone agrees with that. I don't think that's a controversial statement," says Robert Greenstein, the executive director of the Center on Budget and Policy Priorities. "When in the late 1990s, we had 4 percent unemployment, we had significant reductions in poverty." The controversy starts ...

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Found more than 1 month ago on channel Marketplace.org
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Mitt Romney 'genuinely cares'

Wednesday, October 24, 2012 - 10:09 YouTube/Screenshot This ad from Crossroads GPS features Iraq War veteran Peter Damon veteran benefited from Romney's help. Mitt Romney hasn't talked much about his charitable work in public, and with outside spending focused on attack ads, even Republicans have been concerned that the GOP presidential nominee appears too aloof. Two new ads from outside spenders are hoping to change that. “ Genuinely Cares ” from the pro-Romney super PAC  Restore Our Future  and “ Mitt and David ” from the conservative nonprofit  Crossroads GPS  tell the stories of two individuals who received support from Romney. They are a sharp departure from both groups’ standard attack ads. Restore Our Future has spent a little more than $99 million thus far this election, with 86 percent going toward negative advertising and other campaign materials. “Genuinely Cares” features Army National Guard Sgt. Peter Damon, an Iraq War veteran, telling about how Gov. Romney ...

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