Economy | What Reparations for Slavery Might Look Like in 2019 Sections Skip to content Skip to site index The idea of economic amends for past injustices and persistent disparities is getting renewed attention. Here are some formulas for achieving the aim. Credit Credit Shawn Theodore for The New York Times Supported by ByPatricia Cohen May 23, 2019 If you’re surprised that the issue of reparations for black Americans has taken so long to resolve, blame the president. President Andrew Johnson. As the Civil War wound down in 1865, Gen. William T. Sherman made the promise that would come to be known as “40 acres and a mule” — redistributing a huge tract of Atlantic coastline to black Americans recently freed from bondage. President Abraham Lincoln and Congress gave their approval, and soon 40,000 freedmen in the South had started to plant and build. Within months of Lincoln’s assassination, … [Read more...] about What Reparations for Slavery Might Look Like in 2019
Business
Voss Industries property in Ohio City listed at $12 million
CLEVELAND, Ohio –– The longtime Ohio City headquarters of Voss Industries is being listed for sale for $12 million as the manufacturing company prepares to move to the suburbs.The listing was announced Wednesday by the Cleveland office of Newmark Knight Frank. The property is being listed by NKF broker Terry Coyne.“I represent a group of investors who are looking to lease or sell the building once Voss leaves,” Coyne said in an interview. The listing follows Voss’s March announcement that it plans to move out of the manufacturing facility at 2168 W. 25th St. that has served as company headquarters for more than 60 years. Citing “a lack of vacant, modern manufacturing facilities” in the city that would fit its needs, the company announced it had purchased a facility on West Bagley Road in Berea.In marketing materials on the property, NKF pitches it as an “Opportunity Zone redevelopment in an unbeatable Ohio City location.” The site … [Read more...] about Voss Industries property in Ohio City listed at $12 million
ConocoPhillips settles contamination lawsuit with OKC homeowners
A lawsuit alleging water contamination in northwest Oklahoma City has reached a settlement between a neighborhood of homeowners and ConocoPhillips. The energy corporation struck a confidential agreement Friday with residents of more than 30 houses in the Clifford Farms subdivision who said the West Edmond Oil Field polluted the soil and water supply at their homes. The lawsuit, filed in Oklahoma City federal court, alleged the company failed to adequately dispose of saltwater runoff from the nearby oil field decades before the neighborhood’s construction. The West Edmond Oil Field was among the most significant oil operations in Oklahoma’s history, producing millions of barrels of oil a year through the 1940s, according to the state historical society. The homeowners argued ConocoPhillips allowed saltwater, brine and other substances from the oil field to flow into the land and groundwater beneath the future neighborhood site east of North May Avenue and directly south of … [Read more...] about ConocoPhillips settles contamination lawsuit with OKC homeowners
How impeachment would work
With the redacted report on Russian interference in the 2016 election out, Democrats are mulling impeaching President Donald Trump. Democrats, who control the House, want to unify several probes of the White House. So here's how the impeachment process, enshrined in the U.S. Constitution, could play out. listen live watch live … [Read more...] about How impeachment would work
Owner of Chicopee business pleads guilty to bank fraud
SPRINGFIELD -- A woman who fraudulently received a $4.2 million loan based on false representations about her struggling Chicopee machining business pleaded guilty to bank fraud Tuesday.Beth Zastawny, 53, of Ludlow, pleaded guilty to one count of bank fraud and three counts of money laundering in federal court. U.S. District Court Judge Mark Mastroianni scheduled her sentencing for Oct. 1, said Christina DiLorio-Sterling, spokeswoman for U.S. Attorney Andrew Lelling. She faces a maximum sentence of 30 years in prison and a $1 million fine, she said.Zastawny admitted she applied for and received a $4.2 million loan package from Blue Hills Bank for her business Diecast Connections Company, Inc. in January 2015. In her loan application she submitted fake financial statements and made false representations about the company's assets and liabilities to make it appear financially stronger than it was, she said.Zastawny then used the money to pay back creditors who had not been disclosed to … [Read more...] about Owner of Chicopee business pleads guilty to bank fraud