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MONITOR NOTES  (July 2004)

DECISION MAKING AND ENTREPRENEURSHIP

  • The Cleveland Clinic awarded Whiting-Turner Contracting Co. the contract to manage construction for the Clinic’s $400 million Heart Center, which is scheduled for completion in 2008. (PD 6/3)

  • FedEx Corp.’s FedEx Express unit received a contract to handle guaranteed international deliveries for the U.S. Postal Service a deal that was previously held by DHL Worldwide Express. (PD 6/9)

  • Adelphia Communications Corp. is working to hire investment bankers to help the bankrupt U.S. cable-television operator arrange its own sale. Adelphia filed for bankruptcy in June 2002. (PD 6/15)

  • The business incubator CAMP Inc. on Tuesday will unveil a one-year nanotech initiative it hopes will create one new company in the area and deliver fresh technologies that businesses can use in their products. CAMP’s Nanotech Consortium will spend the next year searching the country for nanotechnology innovations and educating the region’s manufacturing businesses about the potential of the nanotech industry. (PD 6/28)

EMPLOYMENT

  • Federal government figures show Ohio with the fourth-highest number of separations due to mass layoffs in the first quarter of the year. The Bureau of Labor Statistics says Ohio reported that 11,192 people lost their jobs in major downsizing during the period. (PD 6/19)

  • Ohio shaved its unemployment rate from 5.8 percent to 5.6 percent in May and added 1,100 jobs, as the state continued a wobbly path out of recession.

  • Upset over wages, fuel costs and anti-union laws, hundreds of independent truckers went on strike at several U.S. ports Monday, slowing the movement of cargo containers that can hold everything from furniture to electronics to frozen food. Truckers are upset over rising costs and low wages. But they also want to be able to form unions and collectively bargain for better contracts from shipping and trucking companies that hire them. (PD 6/29)

  • The sharp spike in oil prices may cost the world’s airlines billions and further damage the industry’s recovery. (PD 6/8)

  • In a move certain to eliminate some jobs, Ford Motor Co. plans to stop building the Escape and Mercury Mariner at the Ohio Assembly Plant in Avon Lake, according to several industry sources. The Escape and Mariner production will be shifted to Ford’s Kansas City, Mo., plant.

  • Brushing aside slowing growth in car sales and broader concerns about the Chinese economy, General Motors executives announced in China on Monday that their company and its local joint venture partners would spend more than $3 billion by 2007 to expand operations in China. (PD 6/8)

  • The number of new people signing up for unemployment benefits rose last week. But even with the increase, claims are still hovering at a level that point to a recovery in the job market. (PD 6/11)

  • Sara Lee Branded Apparel, the makers of Wonderbra, Hanes and Playtex products, will shut five plants and lay off 3,825 workers worldwide by year’s end. (PD 6/11)

  • United Airlines reached agreement with its unions Thursday on reduction to retirees’ medical and life insurance benefits, settling a moths-long dispute on the eve of a bankruptcy-court hearing at which United intended to have broad cuts imposed. (PD 6/11)

  • Newly proposed layoffs may cost a dozen or more Metzenbaum Center employees their jobs as the Geauga County social service agency trims spending to avoid a year-end deficit. (PD 6/15)

  • Timken Co. has openings for about 60 salaried workers at its headquarters in Canton and research center in North canton. Information will be available July 13, at the Sheraton Suites, 1989 Front St, Cuyahoga Falls: July 15, Clarion Hotel 5300 Rockside Road, Independence: or e-mail careers@timken.com. (PD 6/25)

  • Employers in the Cleveland-Lorain-Elyria market expect to hire at a brisk pace during the third quarter of 2004, according to the latest employment outlook survey from Manpower Inc. (PD 6/16)

SENIORS

  • In an effort to help consumers, Medicare is planning to offer detailed price comparison information about the costs of Medicare prescription drugs. Through the web site Medicare.gov.www.medicare.gov,http://www.medicare.gov/., the federal government hopes to shine a light on one of the biggest secrets in the health care industry showing how prices compare for drugs – whether they are brand name or generic. The site will list the prices charged for various dosages of specific drugs at retail pharmacies in or near a given zip code.

HEALTH

  • Batter-coated French fries are a fresh vegetable, according to the Agriculture Department, which has a federal judge’s ruling to back it up. But the department said that the classification applies only to rules of commerce, not nutrition, and it doesn’t consider an order of fries the same as an apple in school lunches. (PD 6/16)

  • Nearly 82 million people – one-third of the U.S. population younger than 65 lacked health insurance at some point over the past two years and most of those were uninsured for more than nine months, says a study by the private group Families USA. The problem reaches deep into the middle class, affects African-Americans and Hispanics disproportionately and is most pronounced among people younger than 25 years old. (PD 6/16)

  • Cattle futures in Chicago had their biggest decline in six months after the U.S. said a mad-cow screening test was positive and may indicate the second case of the disease since December. The test has yet to be confirmed.

  • A $10 million grant from the Mt. Sinai Health Care Foundation to the Case Western Reserve University School o Medicine will create a new center geared toward reducing medical errors. (PD 6/11)

EDUCATION

  • Cleveland school board members finally sliced $100 million from the district’s budget, making cuts that officials said were bad for Children. The budget eliminates education programs and scales back new textbook purchases and overtime pay for staff members. It will also slice about 70 administrative positions and more than 600 teaching positions. More students will walk to and from school or take public transportation, class size will increase by five to seven more students per class and sports and extracurricular programs will be reduced. (PD 6/16)

  • Graduating seniors from Cleveland Central Catholic High School got a surprise June 6. After speaking at commencement, Sam Miller, co-chair of Forest City Enterprises, told the seniors the Sam and Maria Miller Foundation would be awarding a $250. scholarship to each senior who plans to attend college. (PD 6/29)

  • The city-governed YO! Cleveland program will receive an additional $3.3 million in funding from the U.S. Department of Labor. YO! Cleveland serves Empowerment Zone youth ages 14 to 21 in collaboration with City’ s Workforce Investment Act Board and Youth Council. The program is designed to positively impact the outcomes in job placement and retention, high school completion and college enrollment. (seniorsconnect.org- May)

HOUSING

  • A Certificate of Disclosure is now required in the transfer of certain residential properties. The Certificate of Disclosure will provide potential buyers with the information needed to make a well informed decision before purchase. (seniorconnect.org – May)

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