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Ohio judge blocks $1 billion nuclear bailout bill

first_imgOhio judge blocks $1 billion nuclear bailout bill FacebookTwitterLinkedInEmailPrint分享Associated Press:A central Ohio judge on Monday blocked the subsidies from a $1 billion nuclear bailout law at the center of a $60 million bribery probe, as state lawmakers scrambled to decide the fate of a repeal effort and nominees were chosen to succeed a utility regulator who resigned amid the investigation.Franklin County Judge Chris Brown sided with Republican Attorney General Dave Yost and the cities of Cincinnati and Columbus in granting a preliminary injunction that would block the subsidies that were set to be added to every electric bill in the state starting Jan. 1.“Today’s ruling is a win for all Ohioans,” Columbus City Attorney Zach Klein said in a statement. “HB 6 was passed through deceit, deception and corruption and this decision means that Ohio ratepayers will keep their hard-earned dollars instead of paying for a massive corporate bailout.”The ruling came as lobbying intensified on all fronts on legislation seeking to repeal the bailout law, as well as several competing proposals, with just a day left in the lame duck legislative session.The potential for legislative inaction before the session ends influenced his decision, Brown said. Fees collected under the law, which was passed in July 2019, amount to more than $150 million a year through 2026.“To not impose an injunction would be to allow certain parties to prevail. It would give the OK that bribery is allowed in the state of Ohio and that any ill-gotten gains can be received,” he said from the bench. “All you’ve got to do is find the right legislator, find the right speaker of the House. It is in the public interest to avoid that sentiment throughout the state.”[Mark Gillispie, Julie Carr Smyth and Farnoush Amiri]More: Judge blocks fees set by tainted Ohio nuclear bailout lawlast_img read more

Gators and vending machines

first_img 7SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr I love our national parks, so when I had a chance to visit the Everglades during NAFCU’s CEOs and Senior Executives Conference, I jumped at the chance.As you can see, I had a chance to hold a young alligator. Luckily, the picture does not show my blood pressure or my shaking legs.The park ranger noted an interesting fact. While many are terrified of alligators, gators kill far fewer people each year than vending machines. In fact, 38 people have fallen victim to vending machines since 1978. I can’t get alligator vs. vending machine statistics, but allegedly, alligators killed 9 people from 1999 through 2014.So the ranger may very well be correct.Now, that’s not the whole story.I’m guessing most of you have at least one vending machine where you work. And I’m hoping that most of you do not have an alligator inside your office. So people interact with far more vending machines than alligators every day.But still, the perceived risk between the two is interesting. What scares us more? continue reading »last_img read more