Judge Rules Ohio Owes $860 Million to BWC Contractors
A Cleveland judge ruled Ohio must refund about 270 000 small businesses for excess workers compensation premiums charged 2001 to 2009 under discount group plans. The decision ends the state’s attempt to cap restitution, with potential immediate reimbursements challenged by the Bureau and appeals planned.
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Pay Us Back
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Paynowbwc
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Fed holds stimulus as unemployment falls
The Federal Reserve cautioned it is not ready to end its bond buying and kept short term rates at record lows until unemployment improves beyond 6.5 percent. Chairman Bernanke said the rate hike would not be a trigger, and bond purchases of 85 billion dollars monthly may vary with job market progress. Unemployment sits at 7.7 percent amid signs of a healthier economy.
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Associated Press
Invacare Idled At Elyria Plant Over Part Shortage
Invacare idled a portion of its Elyria plant workforce due to a temporary supply chain disruption. Spokeswoman Lara Mahoney said employees were told to stay home starting Monday while awaiting a needed part. The halt affects a small number of workers and is not linked to the December consent decree with the FDA.
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Elyria
Invacare
Lara Mahoney
Mahoney
U.S. Food and Drug Administration
Frackers and Greens Back Tough New Standards
Major oil and gas firms and environmental groups back a voluntary set of fracking standards in the Northeast modeled on a review system. The Pittsburgh Center for Sustainable Shale Development will rate companies on air and water protections, with potential easing of regulatory battles and faster drilling expansion. Participants include Shell, Chevron, EQT, Consol Energy, the Environmental Defense Fund, and others, aiming to curb methane emissions, flaring, wastewater disposal, and seismic monitoring before drilling.
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Pittsburgh
Center For Sustainable Shale Development
Shell Oil
Paul Goodfellow
Bruce Niemeyer
Chevron Appalachia
Robert Vogt
Heinz Endowments
Shell
Chevron
Environmental Defense Fund
Clean Air Task Force
EQT Corp
Consol Energy
Pennsylvania Environmental Council
Cyprus weighs Plan B with Russia bailout option
Cyprus officials pursue a new bailout plan possibly involving a Russia loan in exchange for natural gas leases and bank asset sales as they face a 7.5 billion gap to secure 12.9 billion in international rescue funds after the earlier plan failed. Three top government officials say a vote could come today pending party review.
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Cyprus
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