Bank volunteers to teach JA class
Twenty-two Huntington Bank volunteers will present Junior Achievement program themes to students in kindergarten through fifth grade at Willard K-8 school today. The Huntington volunteers will teach classes on financial literacy, entrepreneurship and work readiness, according to a press release.
3 of 4 Ohio casinos increased revenues
Regulators say three of Ohio’s four casinos saw revenue increases last month.
Data released Thursday by the Ohio Casino Control Commission shows the Columbus casino saw the biggest increase, from $15.7 million in September to $17.7 million last month. That’s a nearly 13 percent increase.
Cleveland’s revenues increased by about 4 percent to $19.5 million. Toledo saw a much more moderate increase of 1 percent, to $14.7 million.
Cincinnati’s revenues declined by 8 percent to $18.2 million.
Statewide, casino revenues totaled $70 million in October, up from $68.9 million in September. The monthly high this year was $84 million in March, boosted by the Cincinnati casino’s opening.
The casinos have drawn nearly $688 million so far this year.
ECB cuts key rate
The European Central Bank sent a message Thursday with a surprise cut in its benchmark interest rate: It’s prepared to do more to fortify the euro alliance’s economy.
The question is: Will anything the ECB does be enough?
Thursday’s quarter-point cut, to a record low of 0.25 percent, will go only so far. Economists say Europe’s fundamental problems — shaky banks, slow growth and heavily indebted governments — need more support. And not just from the central bank.
Governments need to reduce unemployment, which is at a record 12.2 percent across the eurozone and not forecast to drop for years. They also need to reform their economies to improve growth and reduce debt. Leaders, meanwhile, need to finish setting up an EU-wide oversight system for the banks and create an agency that can take on the costs of saving troubled lenders.
Applications for jobless aid decline
The number of people seeking U.S. unemployment benefits fell 9,000 to a seasonally adjusted 336,000 last week, bringing applications to pre-recession levels.
The Labor Department said Thursday that the less-volatile four-week average dropped 9,250 to 348,250. The average was elevated by the 16-day partial government shutdown and backlogs in California that occurred because of computer upgrades. Weekly applications have fallen for four-straight weeks.
Applications are a proxy for layoffs. The decline suggests companies are cutting very few workers. Still, they are not hiring many new ones.
Vindicator staff/wire reports