Regional News Stories: May 2008

Flight Options Cuts Dozens of Jobs
Posted Monday, May 26, 2008
90.3 has learned that Cleveland-based Flight Options has laid off roughly 200 employees, including many pilots. The fractional-ownership jet company blames the cuts on the poor economy. ideastream’s Dan Bobkoff has more.

Memorial Day Memories have Pre-War Roots
Posted Monday, May 26, 2008
Since the Civil War, Americans have observed Memorial Day to honor men and women lost in battle. But some people will be minding a much oder tradition on Monday. ideastream's Kymberli Hagelberg has details on Decoration Day.

Bill Loophole May Undermine Economic Impact of Renewable Energy Portfolio Standard
Posted Monday, May 26, 2008
On May first, 2008 Governor Strickland signed a new energy and utility bill into law. Among other things, the bill established the long-awaited Renewable Energy Portfolio Standard - legislation requiring that by the year 2025, 12.5 percent of the state's power come from renewable technologies like wind or solar. But the bill's language is murky, and as ideastream's Gretchen Cuda explains, not everyone thinks it's a victory for green energy.

New Push For Minorities On Nonprofit Boards
Posted Friday, May 23, 2008
On Fridays we examine Regional Business in a segment we're calling Upside/Downside, a weekly conversation about positive and not so positive developments affecting the economy of Northeast Ohio. This week's topic is minority inclusion...or the LACK of it...on the boards of non-profit organizations. ideastream® Executive Editor David Molpus has more.

Public Weighs in on Medical Mart Site
Posted Friday, May 23, 2008
The debate over locating the proposed Medical Mart and Convention Center went public, last night. On an otherwise pleasant Spring evening, 80 Cuyahoga County residents elected to sit in a Cleveland meeting hall and voice their two cents-worth on an economic development project currently budgeted at over 400 million dollars. ideastream®'s David C. Barnett was there.

Ohio House Paves Way for Cuyahoga Restructuring
Posted Friday, May 23, 2008
The Ohio House last night approved an amendment authorizing a restructuring of Cuyahoga County government. This could put a reform plan by Commissioner Tim Hagan on the November ballot, but many democrats are crying foul. ideastream’s Dan Bobkoff reports.

Housing Series: Solutions
Posted Friday, May 23, 2008
Yesterday, the federal government posted the sharpest quarterly decline in US home prices since it started tracking them 17 years ago - 1.7%. Part of the problem is a huge and growing inventory of foreclosed and bank-owned houses that lenders are hustling to get rid of. Cuyahoga County has more than 11 thousand of these houses. And there's disagreement over what's the best way to clean up the mess. ideastream's Mhari Saito reports.

Unpacking Some Vatican Splendors
Posted Friday, May 23, 2008
Some rare religious objects from the Vatican museum will be on display in Cleveland next week. ideastream®'s David C. Barnett reports that some of these ancient items date back to the third century.

National Experts in Cleveland to Discuss Presidential Healthcare Policy Issues
Posted Thursday, May 22, 2008
If the presidential campaign is any indication, the nation's healthcare system will likely be a top issue facing the next president. In a swing state like Ohio, it's something voters will be paying attention to as well. Later this morning a group of national experts will discuss the candidates positions on issues of healthcare policy -- ideastream's Gretchen Cuda has more.

Housing Series: HUD and Fannie Mae
Posted Thursday, May 22, 2008
Two large property owners in Cleveland are Fannie Mae and the Department of Housing and Urban Development. Fannie Mae is a quasi-governmental company and the nation's largest buyer of home loans. HUD is a cabinet-level federal agency. Both are committed to helping expand affordable home ownership. And like lenders all over the country, both are swamped with foreclosed properties as a result of the mortgage crisis. But local rehabbers and city officials complain red tape at Fannie Mae and HUD is worsening the foreclosure mess. It's part 4 of our vacant property series. ideastream's Mhari Saito reports.

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