Editorial roundup: Ohio

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Dispatch Columbus. September 11, 2022.

Editorial: We will not forget. The Ohioans Killed in the 9/11 Terror Attacks Are Still Cherished

Most of us remember where we were and what we were doing at 8:46 a.m. on Tuesday, September 11, 2001.

We remember news reports ominously announcing that a plane – American Airlines Flight 11 – had crashed into the North Tower of the World Trade Center in New York.

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We remember how the shock in the reporter’s voice turned to horror, mirroring our own, when, 17 minutes later, a second plane – United Airlines Flight 175 – slammed into the South Tower.

We remember watching in silent disbelief as ominous clouds of smoke billowed from destroyed skyscrapers. What initially appeared to be debris falling through the air turned out to be people jumping from buildings. My God, people.

Over the next hour, two more flights would crash into the Pentagon and a field in Pennsylvania, the latter hijacked from its target – possibly the US Capitol or the White House – by brave and selfless passengers trying to take control of the hijacked aircraft. .

In this file photo from September 11, 2001, a jet airliner is lined up on one of the towers of the World Trade Center in New York City.

It was a day the nation will never forget: 2,996 innocent victims perished at the hands of al-Qaeda terrorists who had meticulously planned the attacks.

Let that sink in for a second. People who were someone’s father, mother, brother, sister… someone’s child, someone’s boyfriend or girlfriend. Someone is someone.

Tragedy really hit home when the painful identification process revealed many Ohioans among the dead. People like you, people like me – some visiting the Big Apple, some in town on business, some going about their daily business at work, unaware that this would be their last “See you later”, their last goodbye kiss from morning, their last day taking the kids to school. Their last day.

Douglas MacMillan Cherry, 38, of Wooster, was living in Maplewood, New Jersey, at the time of his death. Georgine Rose Corrigan, 55, originally from Ohio, lived in Honolulu. Another Ohioan, 33-year-old Denver resident Kathleen Anne Faragher, was killed while attending a conference at the World Trade Center.

Robert John Ferris, 63, originally from Columbus, was living on Long Island at the time. He was at a meeting on the 102nd floor of the South Tower when the plane crashed there.

As the list grows, the sadness of imagining the loss grows, the inconsolable grief of the families, the children left without a mother or father, some so young they have no memories to cling.

Wendy R. Faulkner, 47, mason.

Susan M. Getzendanner, 57, from Shaker Heights.

H. Joseph Heller Jr., 37, was born in Lakewood.

Clevelander Thomas Warren Hohlweck Jr., 56.

Terrence M. Lynch, 49, was born in Youngstown and was living in Alexandria, Va., working as an army contractor when he was killed in the Pentagon attack.

Millersville-born Teresa M. Martin, 45, was also killed in the Pentagon attack.

The youngest victim, Mary Lou Hague, 26, was born in Marietta.

Ohioan Raymond Joseph Metz III, 37, lived in Trumbull, Connecticut.

William David Moskal, 50, lived in Brecksville.

James Robert Paul, 58, was born in Cincinnati and lived in Manhattan.

Robert David Peraza, 30, from Warren County, also lived in New York.

Catherine Patricia Salter, 37, lived in Brooklyn, but was born in East Liverpool.

Arlington, Va. resident David M. Scales, 44, was born in Cleveland.

George Edward Spencer III, 50, was also born in Cleveland. He lived in West Norwalk, Connecticut.

Alicia Nicole Titus, 28, was from Springfield. She was part of the flight crew of the plane that crashed into the South Tower of the World Trade Center.

Mary Alice Wahlstrom, 78, was born in Portsmouth.

Todd Christopher Weaver, 30, was from North Canton.

It’s not just anonymous victims, not just something bad that happened to someone else.

They were our fellow Buckeyes. They could have been Reds or Bengals or Ohio State fans.

We must remember them, not their attackers.

Blade of Toledo. September 10, 2022.

Editorial: Yet Another Retirement Risk

There is another reason to be wary of private equity.

We’ve detailed how public pensions like Ohio’s retirement systems have gradually put more money into high-risk, high-fee investments. Now, the US Senate Banking Committee is examining a private pension risk related to private equity, led by Sen. Sherrod Brown (D., Ohio).

Mr Brown chaired a hearing on Thursday into the rapidly growing trend of pension risk shifting from company pension plans, covered by the Employee Retirement Income Security Act and the Federal Benefits Guarantee Corporation pensions, private insurance companies.

It’s a win-win deal for the company getting rid of lingering long-term liabilities and for the private equity firm with new funds to manage at high prices. But it is an abdication of responsibility on the part of the US Department of Labor to allow workers to be stripped of PBGC insurance and ERISA protection when pension risk is transferred. Enriching corporate and financial interests while endangering workers’ retirements is a good indication of why populism is synonymous with culture wars these days.

The Federal Insurance Office lists numerous oversight issues in a letter responding to Mr. Brown’s questions before the hearings, but none are as significant as the loss of federal protection with the transfer of responsibility for pensions to a only entity owned by a private equity firm.

Unsurprisingly, privately owned pension insurers are following their parent fund management company to offshore locations, where the FIO reports that “regulatory arbitrage” is possible. This means that asset reporting suffers from the same lack of transparency that we have always objected to for Ohio’s public pensions. Regulatory rules in offshore financial havens were established to attract dollars, not to protect recipients of funds.

The “scope and magnitude of the risk” is hidden from regulators due to less stringent reporting requirements at offshore sites, according to the FIO. Add the standard private equity risk of unreliable asset valuations provided by conflicting fund managers, and you have the ingredients for another retirement fund scandal.

Mr Brown was behind the bailout of a multi-employer Teamster pension that had gone insolvent due to poor investments managed by Goldman Sachs and Northern Trust. The federal bailout limits pension plan investments to transparent, liquid, and publicly traded options.

Today, unions covered by company-controlled pension plans are fighting to ban asset transfers outside of insured and federally regulated status. That the government is allowing this to happen without a majority worker-beneficiary vote is proof that Washington is following the money.

Youngstown vindictive. September 11, 2022.

Editorial: Unclaimed funds returned to Ohio homeowners

Have you ever done a wash and noticed a few shiny pieces at the bottom of the washing machine, then exclaimed, “Researchers, caretakers? Hard to resist, isn’t it?

Fortunately, the folks at the Ohio Department of Commerce’s Unclaimed Funds Division don’t use the same philosophy. In fact, the agency helped return nearly $390,000 to those who visited the Unclaimed Funds booth at the state fair this year. The agency said more than 800 claimants stopped, and nearly one in three had missing money waiting for them.

An individual has found over $71,000, the result of dividends that belonged to his late mother. (In fact, many of the funds recovered were the result of dividends and insurance policies left behind by deceased persons.)

“Each year, we reconnect tens of thousands of people with their money and possessions through advertising and by attending outreach events like the Ohio State Fair. The fair gives us the opportunity to network with people across the state,” said Akil Hardy, Superintendent of the Unclaimed Funds Division.

While the hundreds of thousands of dollars returned at the State Fair are significant, it should be noted that the division returned $134.5 million to Ohioans last year. He still has over $3 billion in what he calls “forgotten” money.

Call 877-644-6823 or go to unclaimedfunds.ohio.gov to find out if it’s waiting for you and start a claims process. The Unclaimed Funds Division holds its end of the bargain. The rest is up to you.

Sandusky Registry. September 9, 2022.

Editorial: Simply Doing Our Job

According to the Committee to Protect Journalists, 302 journalists have been murdered for their work worldwide between 2011 and 2021.

Of those murders, only four took place in the United States, all of which occurred during the June 28, 2018 mass shooting at the Capital Gazette newspaper in Annapolis, Maryland.

It is therefore very disturbing for us, and no doubt for journalists across the country, to hear the news of the murder of Las Vegas Review-Journal reporter Jeff German. German was found stabbed to death outside his home last Saturday.

Even more disturbing was news on Wednesday of an arrest in connection with German’s murder; the suspect being Las Vegas-area local government official Robert Telles, who lost his re-election bid after German reported allegations of bullying, favoritism and a relationship with a junior employee in Telles’ office , according to the Associated Press.

“We are relieved that Robert Telles is in custody and outraged that a colleague appears to have been killed for reporting on an elected official,” said Review-Journal editor Glenn Cook.

What separates the United States from undemocratic nations around the world is a free and unrestricted press. Freedom of the press was among the first freedoms codified in the Bill of Rights.

Journalists must be free to report on crimes and wrongdoings without fear or threat of death over their heads. No one has the right to lay a hand on a journalist for the work they do, let alone elected officials whose actions, or inactions, affect their entire community.

If a court or jury finds the suspect guilty in this case, we hope he will be prosecuted to the full extent of the law.

Copyright 2022 The Associated press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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