School district plans job fair
The Youngstown City School District will have a job fair at the Choffin Career Center, 200 E. Wood St., from 2 to 7 p.m. next Wednesday to fill a number of positions.
The district is seeking: a full-time chief of transportation, full-time custodians, substitute teachers for all grade levels, substitute secretaries, substitute paraprofessionals, substitute bus drivers, substitute custodians and substitute nurses. For a list of job requirements, visit www.ycsd.org. For more information, call Karen Green, assistant superintendent of human resources, at 330-744-6925, or email her at karen.green@Youngstown.oh.us.
Treasury to meet with Delphi retirees
U.S. Senator Sherrod Brown, D-Ohio, announced Tuesday that the Department of the Treasury has agreed to meet with the Delphi Salaried Retirees Association.
In a letter to Treasury Secretary Jacob Lew sent last month, Brown urged Lew to review the proposal submitted by the DSRA and to pursue other solutions to ensure retirees receive the benefits they earned but were lost through the bankruptcy of General Motors.
In 2009, Delphi’s bankruptcy cost approximately 19,000 hourly retirees and 20,000 salaried retirees their full pensions after the Pension Benefit Guaranty Corporation assumed Delphi’s pension plans. Though three unions representing hourly Delphi retirees had reached contractual agreements with General Motors to ensure full pension protection — negotiated in 1999 and reaffirmed in 2007 — the remaining workers had not.
US banks to send checks in settlement
The nation’s largest banks will begin sending payments this week to millions of Americans who may have been wrongfully foreclosed on during the housing crisis.
A total of $3.6 billion in cash will be distributed to 4.2 million borrowers who lost their homes or were at risk of foreclosure, the Federal Reserve and the U.S. Comptroller of the Currency said Tuesday. Payments will range from $300 to $125,000. About 90 percent of borrowers whose mortgages were serviced by 11 of the banks will receive payments by the end of April, the agencies said.
The last group of payments is expected in mid-July.
The banks, which include Bank of America, JPMorgan Chase, Wells Fargo and Citigroup, reached a settlement with the federal agencies in January.
Price of oil rises
Oil rose above $94 per barrel as the government raised its forecast for the price of oil this year.
Meanwhile, the national average for gasoline dropped, and government forecasters said motorists should expect to pay less for gas this summer driving season.
Benchmark oil for May delivery gained 84 cents to finish at $94.20 per barrel. Oil is up $1.50 the past two days after declining by $4.53, or 4.7 percent, last week.
Vindicator staff/wire reports