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Ohio Valley Outlook: Expect A Slower Regional Economy In 2020
By: Becca Schimmel | Ohio Valley ReSource
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The Ohio Valley’s economy could see slower growth in 2020 amid continued anxiety about trade, and possible downturns in both energy and manufacturing, according to analyses and forecasts by regional economists. Michael Hicks directs the Center for Business and Economic Research at Ball State University in Indiana where he forecasts the health of the manufacturing… Read More
2020 Hindsight: The Ohio Valley’s Decade in Data
By: Becca Schimmel | Ohio Valley ReSource
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The year: 2009. A Senator from Illinois named Barack Obama has just made history upon taking the presidential oath of office. The national economy is at a low point in the Great Recession. And the Pittsburgh Steelers are the first NFL team to win six Super Bowls. Ten years later, as 2019 gives way to… Read More
After Nearly A Decade Of Anxiety Over Pensions, Coal Miners See Light At The End Of The Tunnel
By: Becca Schimmel | Ohio Valley ReSource
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Union coal miners and retirees breathed a collective sigh of relief after the U.S. Senate passed a spending bill that includes support for miners’ pensions, which had been at risk due to the coal industry’s downturn. The bill, which funds the federal government for the coming year, also includes The Bipartisan American Miners Act which secures pension… Read More
Murray Energy’s Bankruptcy Could Bring Collapse of Coal Miners’ Pensions
By: Becca Schimmel | Ohio Valley ReSource
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The recent bankruptcy of Ohio Valley coal giant Murray Energy has renewed fears about the already shaky financial foundations of the pension plan that tens of thousands of miners and their families depend upon. The seismic collapse of yet another coal employer has lawmakers from the region renewing their push to fix the United Mine Workers pension… Read More
Why Worker Training Programs Alone Won’t Save Coal Country
By: Becca Schimmel | Ohio Valley ReSource
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Bobby Bowman mined coal in West Virginia for 12 years before his employer shut down. “I don’t think that mine will ever open again,” he said. Bowman lives in Welch, in the south of the state, where he worked at the Pinnacle Mine, which shut down almost exactly one year ago, putting him and about… Read More
Coal Miners Back in Washington Fighting for Benefits
By: Becca Schimmel | Ohio Valley ReSource
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United Mine Workers and supporters were on Capitol Hill Wednesday in an effort to shore up their pension and health benefits. More than 43,000 coal miners in Kentucky, Ohio and West Virginia are growing anxious about losing their retirement benefits. The coal miner’s union says its pension fund will be insolvent in three years if Congress doesn’t… Read More
Living Wage: Ohio Valley Workers, Employers React As House Votes For $15 Minimum Wage
By: Becca Schimmel | Ohio Valley ReSource
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The U.S. House of Representatives voted Thursday to raise the federal minimum wage to $15 an hour, more than double the current $7.25 rate, which has not changed in a decade. The bill is unlikely to clear the Republican-controlled Senate, where Majority Leader Sen. Mitch McConnell of Kentucky has said he will not take it… Read More
Minimum Wage Hike Would Have Major Effect In Ohio Valley
By: Becca Schimmel | Ohio Valley ReSource
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A new report from the Congressional Budget Office shows increasing the federal minimum wage to $15 an hour would boost the wages of 17 million workers and lift about 1.3 million people out of poverty. But the CBO warns that could also result in more than one million lost jobs and could diminish overall income for others…. Read More
New Data Show Appalachia’s Struggle Amid Coal’s Decline
By: Becca Schimmel | Ohio Valley ReSource
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An annual report from the Appalachian Regional Commission shows that while Appalachia is seeing some economic improvement, the heart of the region and its coal-producing communities are still struggling. Several counties in the Ohio Valley are moving in a negative direction in this year’s report. The ARC report evaluates the Appalachian region using county-level data… Read More
Retired Miners Make One More Push For Pension Protection On Capitol Hill
By: Becca Schimmel | Ohio Valley ReSource
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Retired coal miners joined lawmakers from the Ohio Valley on Capitol Hill Wednesday for another attempt to protect miners’ pensions. Pensions are at risk because of a downturn in the coal market, the lingering effects of the 2008 recession, and coal company bankruptcies which have all reduced the amounts companies paid into a shared, or multiemployer, pension… Read More
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