According to Duke Energy Corp’s CEO Jim Rogers, his company may be gearing up to construct a nuclear power plant in Ohio. This would give the region a source of carbon-free electricity at a time when demand for electricity is on the rise.
 
Such a venture by Duke Energy Corp has required it to join forces with French nuclear company Areva SA and the American companies USEC Inc and UniStar Nuclear Energy. If everything with the project goes well, the region could see a dramatic improvement in the local economy, with millions of dollars and thousands of jobs being pumped into …read more

NCR, which is best known for manufacturing ATM machines and other similar products, has decided to move its Dayton, Ohio headquarters to Georgia. This means that Ohio, which will lose its only Fortune 500 Company after the move, will also lose about 1,200 jobs in the transition.
Although NCR has been in the Ohio area for about 100 years, it plans to move to Georgia and open a manufacturing facility in the southern state. Ohio has already been struggling with an employment rate steadily increasing past the national average, and the collapse of the auto industry has not helped the state …read more

Durin g the housing boom of 2001 through 2006, the prices of single-family homes and condominiums shot up to amazing levels. I remember wondering, once the median sales prices of existing homes raced past the $200,000 mark, how were most people in the United States going to afford a home?

I’ve grown up in the Midwest, what the rest of the United States calls “flyover country.” So it pained me to see the latest list by Forbes.com. The editors there put together a feature story on the United States’ fastest-dying cities. Of course, the Midwest — and Ohio, specifically — dominated the list.

Fannie Mae, which the Associated Press reports funds one of every five home loans in the United States, has written off $185 million of mortgage loans made to homeowners in Michigan and $101 million to those in Ohio. This means that Fannie Mae has decided that it has no chance of recovering any payment on these loans.