Foreclosures slam Cleveland home values study finds sharp price declines
Case Western Reserve University researchers report banks sold foreclosed Cleveland homes at under one third of prior values, with prices dropping yearly and surging foreclosure counts since 2000. The study notes spillover effects harming neighborhoods and city tax revenues as Deutsche Bank and Wells Fargo ranked high among buyers in 2006 07.
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Justice conflict leads to dismissal of worker's appeal
Braxton Berkley, exposed to solvents at Lockheed Martin Skunk Works, saw his California Supreme Court appeal dismissed due to a conflict of interest among four justices who held stock in oil companies supplying solvents. Berkley claims illness from chemicals and denounces the outcome as unfair. The court feared a ruling by temporary justices might lack weight.
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Environmentalists move to halt coal plants nationwide
Environmental groups press lawsuits and appeals across 29 states targeting at least 48 coal plants from large utilities like Peabody Energy and American Electric Power to rural co-ops. The push seeks to delay and block permits from zoning through mining, arguing coal fuels warming and grid risks.
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Associated Press
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University of Wisconsin
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Ohio gas prices fall 12 cents from last week
Ohio’s average price for regular gas sits at 9.04 per gallon, down 0.12 from a week ago per AAA and Oil Price Information Service. The report notes prices remain well above last year’s level and oil futures retreat from a $100 per barrel high amid recession worries.
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