Ohio Sunday Papers – Casinos: State Newspapers No Likey

  • Share/Bookmark

Add Condom Sales to Recession-Proof Business List

March 14, 2009 by Pelikan · 2 Comments
Filed under: Ohio Economy, Recession, U.S. Economy 

From the Columbus Dispatch on Saturday:

Nationwide, sales of male contraceptives in food, drug and mass-merchandise stores increased 6.4 percent in the last 13 weeks of 2008 compared with 2007, according to the Nielsen Co., which tracks products.

Nielsen also counts how many condoms are sold, and that number went up 2.4percent in the same period.

The trend continued in January, with sales up 5.3 percent compared with the previous year and per-unit sales up 1.6 percent, Nielsen found.

Condom sales are pretty much recession-proof, said Carol Carrozza, vice president of marketing at Ansell Healthcare in Red Bank, N.J. Ansell is one of the largest manufacturers of condoms in the world.

“In this time of fear, people tend to be coupling more,” Carrozza said. “There’s a nesting effect, and people are staying home.”

Reluctance to have children in uncertain times also adds to the condom boom, she said.

The piece also dealt with Hilliard, Ohio condom entrepreneur Brian Frank.  His business, Undercover Condoms, has had a “rise” in sales even though the economy is “flagging.”

If you want to wrap your rascal, or your mate’s, go visit Undercover Condoms.  Buy Ohio!

  • Share/Bookmark

One Piece of Good Economic News for Ohio

March 11, 2009 by Ohio Clipper · Leave a Comment
Filed under: Ohio Economy 

From the Columbus Dispatch:

The economic news in Ohio last year was mostly bad, but there was a bright spot: State exports grew by nearly 7 percent from 2007, officials said.

Numbers released this month by the U.S. Department of Commerce International Trade Administration show that Ohio’s export total for 2008 grew to more than $45 billion, up 6.87 percent.

Ohio is the seventh-largest exporting state in the nation and is the only state to increase exports every year since 1998, according to the Department of Development.

  • Share/Bookmark

Bloomberg: Cleveland, Detroit Canaries in the Coal Mine for Coming Commercial Real Estate Problems

March 9, 2009 by Pelikan · Leave a Comment
Filed under: Ohio Economy, Recession 

From Bloomberg on Monday:

March 9 (Bloomberg) — If you want to know what’s going to happen to commercial real estate across the U.S., look no further than Cleveland and Detroit.

Those two metropolitan areas lead the U.S. in mortgage delinquencies for owners of office buildings, apartments, malls and warehouses, a sign that cities hurt by the housing crisis will see their commercial markets dragged down next.

Commercial properties with mortgage payments 60 days late or more rose to 3.93 percent as of March in the Cleveland area and to 3.75 percent in the Detroit area, according to data compiled by Bloomberg. The North American commercial property delinquency rate is 1.1 percent, according to Standard & Poor’s. …

… Cleveland’s office vacancy rate was 14.8 percent in 2008 and is forecast to rise to 20.4 percent in 2010, according to CBRE Econometric Advisors, part of CB Richard Ellis Group Inc., the largest U.S. commercial real estate broker. A rate above 20 percent would be the highest since 1991, according to Jon Southard, principal at CBRE Econometric.

Cleveland’s unemployment rate was 7.1 percent in December. Ohio’s unemployment rate was 8.8 percent in January as the state lost 214,600 non-farm jobs, including 90,600 in manufacturing and 12,000 in financial services.

  • Share/Bookmark

More Inane Commentary from Columbus Tea Party Organizer

Justin Huggins Displays His Posse Comitatus Membership Card

Justin Huggins Displays His Posse Comitatus Membership Card

Meet Justin Higgins, a 19 year-old Ohio State University college Republican who’s got things all figured out.  I mean if it weren’t for Constitutional provisions against one so young holding the nation’s highest office, we could put young Justin there in the White House, hold him in high esteem like a young Dalai Llama and he could point us all along the path to political and economic enlightenment.

For now, though, we’ll have to settle for Saturday, March 14 at the Statehouse in Columbus where Higgins will be the master of ceremonies for The Columbus Tea Party.  The party begins at 11 a.m. and is sponsored by College Republicans and Americans for Prosperity.  (Do you know any Americans who are not for prosperity?)

Higgins and others are wigging out over the enactment of the American Recovery and Reinvestment Act, aka the Stimulus Bill.  The notion that the need for this bill rests in part on the unregulated economic behavior of most of the world’s major banks, investment houses and insurers is completely lost on them.  While Justin no doubt luxuriates in his college boy lifestyle subsidized by Mom and Dad, he’s got the time for contemplation to say stupid things like this on 610-WTVN radio today:

We’re going to protest and basically tell Governor Strickland that we don’t want him taking this stimulus money because the last thing we need is more unfunded mandates and more ridiculous spending on the state level.

When these funds run out, we have to pay for it.

Allow me to get right to the point with young master Higgins:  What the hell are you talking about?

Read more

  • Share/Bookmark

Ohio Sunday Papers – Ill winds beginning to blow on Cap Square

  • Share/Bookmark

NYT Magazine: Cover Story on Cleveland’s Foreclosures Crisis

March 8, 2009 by Pelikan · 1 Comment
Filed under: Ohio Economy, Recession, U.S. Financial Crisis 

Click the image below and check out an excellent piece in the  New York Times Magazine on the particular issues of home foreclosures in Cleveland.  Currently, 1 in 13 homes in the city are vacant.  Featured prominently in the article is Tony Brancatelli, member of Cleveland’s City Council.  Slavic Village is the scene of many of this article’s illustrations of individual issues in the Cleveland housing market.

  • Share/Bookmark

Ohio Sunday Papers – Waiting to be Stimulated

  • Share/Bookmark

Ohio’s Jobless Rate Makes Big Jump

February 27, 2009 by Ohio Clipper · Leave a Comment
Filed under: Ohio Economy 

From the Ohio Department of Job and Family Services this a.m.:

Ohio and U.S. Employment Situation (Seasonally Adjusted)

Ohio’s unemployment rate was 8.8 percent in January, up from the revised rate of 7.4 in December, according to data released this morning by the Ohio Department of Job and Family Services. Ohio’s nonfarm wage and salary employment decreased 59,700 over the month, from 5,271,900 in December, to 5,212,200 in January.

“Ohio’s labor market showed continued decline in January,” ODJFS Director Douglas Lumpkin said. “The unemployment rate rose to 8.8 percent as job losses increased in both the goods-producing and service-providing industries.”

The number of workers unemployed in Ohio in January was 524,000, up from 445,000 in December. The number of unemployed has increased by 181,000 in the past 12 months from 343,000. The January unemployment rate for Ohio was up from 5.7 percent in January 2008.

The U.S. unemployment rate for January was 7.6 percent, up from 7.2 percent in December.

  • Share/Bookmark

Video: Gov. Ted Strickland on Face the Nation with Daniels, Corzine

February 22, 2009 by Pelikan · Leave a Comment
Filed under: Gov Strickland, Ohio Economy, Recession, U.S. Economy 


Watch CBS Videos Online

  • Share/Bookmark

Ohio Sunday Papers – It’s the Economy and Education with a smattering of Fisher, Brunner

  • Share/Bookmark

Ohioans Have Submitted Nearly 7,500 Project Ideas to State’s Stimulus Site

February 21, 2009 by Pelikan · Leave a Comment
Filed under: Economic Stimuls, Gov Strickland, Ohio Economy 

After only a couple of weeks, Ohioans are responding to Governor Ted Strickland’s call for stimulus project ideas in a big way.

According to the state’s stimulus website, as of Friday 7,495 proposed projects had been catalogued.  For now, the state is using the website to share stimulus information and collect data from organizations, counties, cities and the like regarding their “stimulus-ready” project proposals.  The information being collected is not an application for stimulus dollars, but rather a first step for the state in getting a big picture inventory of proposals.  Project proposers meeting stimulus requirements will be contacted about the formal application process.

Once stimulus dollars are being spent, the state’s site will be a place to check up on progress and see how our money is being spent.

Go here to see the site’s FAQ.

  • Share/Bookmark

New Ohio Development Director (Interim) Mark Barbash

February 17, 2009 by Pelikan · Leave a Comment
Filed under: Gov Strickland, Lee Fisher, Ohio Economy, ohio politics 

markbarbashGovernor Ted Strickland acknowledged during Lt. Gov. Lee Fisher’s Senatorial campaign presser that Ohio Department of Development Assistant Director Mark Barbash will step in as director on an interim basis.

Barbash’s other title at Development is Chief Economic Development Officer.  That work, alongside Fisher for the last two years puts the department in good shape from a continuity standpoint.

Barbash, a former investment banker, also served in private and public sector economic development roles in the city of Columbus.  Before being hired by Fisher in 2007, Barbash last served as director of the Columbus Ohio Department of Development.

Fisher has relinquished the directorship of Development due to his bid for U.S. Senate.

  • Share/Bookmark

White House Releases State by State Job Creation Numbers from Economic Stimulus

According to the White House, the state of Ohio will net 133,000 jobs as a result of the recently passed – and today signed by President Barack Obama – American Recovery and Reinvestment Act.

This is the economic stimulus bill passed by Congress last week in time for Diva Pelosi to make her trip to Europe.

Click Here for State by State List of Jobs to be Created

  • Share/Bookmark

Ohio Sunday Papers – February 15

ohstim

  • Share/Bookmark

Next Page »