Cleveland Fed Disputes Conventional Wisdom
Monday, November 17, 2014CLEVELAND -- The conventional wisdom, buttressed by economic studies, holds that unemployment insurance deters those laid off from trying to find other work.
Moreover, it’s believed that extending such benefits – to as long as 99 weeks – not only sustains the rate of unemployment, keeping it higher longer, but puts upward pressure on wages while creating fewer jobs.
Costs Will Go Up for Private Mail Processors
Monday, November 17, 2014YOUNGSTOWN, Ohio -- Closing the Youngstown Mail and Processing Center here would not only cost the Mahoning Valley and the city needed jobs, but also place additional burdens on businesses and customers in the form of higher rates they would likely pay for bulk mail, those affected by the planned restructuring say.
Wombat Security Software Teaches Cyber Self-Defense
Monday, November 17, 2014PITTSBURGH --0 A little-known fact about wombats is they become fiercely protective when they’re provoked. For this reason, three faculty members at Carnegie Mellon University decided to name their jointly developed software Wombat Security Technologies.
Based on the findings of the largest national research project of its kind, the developers of the software seek to dissuade those who would inadvertently facilitate cyber attacks through education and training.
'3 Minutes With' Joe Ferrara, CEO, Wombat Security Technologies
Monday, November 17, 2014PITTSBURGH -- Today's “3 Minutes With” features Joe Ferrara, CEO of Wombat Security Technologies. Ferrara discusses cyber attackers’ changing methods and the role his company plays in educating clients’ employees to recognize potential threats (READ STORY).
"3 Minutes With" is a daily video feature produced by The Business Journal.
Ohio Business Filings Up in October, Year-to-Date
Monday, November 17, 2014COLUMBUS, Ohio -- A total of 8,300 new entities filed to do business in Ohio in October compared to 8,052 ib October 2013, reports the office of Secretary of State Jon Husted.
From Jan. 1 through Oct. 31 the ofice the accepted with 79,968 new-business filings, an increase from 76,614 for the same time period last year.
GM’s Sales in China Ahead of 2013’s Pace
Monday, November 17, 2014SHANGHAI -- General Motors and its joint ventures have sold 3 million vehicles in China to date in 2014. This is the second consecutive year that GM has reached the milestone, a month earlier than last year, the automaker said.
In 2013, GM and its joint ventures hit 3 million sales in a calendar year on Dec. 12 for the first time in GM’s history in its largest market. This year the number was reached Nov. 14.
Warren Rotary to Hold 'Slice of the Valley'
Monday, November 17, 2014WARREN, Ohio -- The Warren Rotary Club is hosting “Slice of the Valley: First Annual Valley Pizza Challenge” from 4:30 to 8 p.m. Jan. 17 at the Eastwood Expo Center in Niles. Judges and those who attend will vote for the best pizza in the Valley.
Region's Reps Differ on Keystone Pipeline Vote
Friday, November 14, 2014YOUNGSTOWN, Ohio -- Today’s vote in the U.S. House of Representatives on the Keystone XL Pipeline (H.R. 5682) once again divided the region’s representatives along party lines, with the two area Republicans favoring the project and the sole Democrat opposing it.
Fundraising Professionals Honor Area Philanthropists
Friday, November 14, 2014BOARDMAN, Ohio -- The Association of Fundraising Professionals Mahoning-Shenango Chapter today honored individuals and organizations who have given their time and treasure to philanthropic endeavors.
The event, at Antone’s Banquet Center, coincides with the 24th observance of National Philanthropy Day, which is celebrated annually on Nov. 15.
“Philanthropy is vital to our local charities and agencies and the well-being of our communities,” says Lynn Wyant, co-chairman of the local chapter’s event and director of developoment for the Rescue Mission of the Mahoning Valley.