WDTN: Ohio senators back Appleton Papers

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U.S. Sen. Sherrod Brown (D-OH) was at the headquarters of the Dayton Area Board of Realtors Friday to unveil a plan that he said would improve the housing market by addressing “short sale” home sales.

Brown’s Prompt Notification of Short Sale Act is bipartisan legislation that addresses the lengthy closing process that often comes with a short sale.

Short sales are real estate transactions that must be approved by the bank because the seller owes more on their mortgage than the proposed sale price.

In olden days, it used to be that the bad guys robbed the banks. Now it seems the bad guys are running the banks, at least the big ones, and robbing the rest of us. Nearly every day, newspapers have another disturbing report about how the largest and most influential banks managed to escape prosecution for their blatant fraud or else finagled outrageous subsidies and profits from their monopolistic dominance of the financial system. The worst that happens to privileged bankers who are “too big to fail” is an occasional scolding lecture from angry members of Congress.

U.S. Sen. Sherrod Brown (D-OH) was recognized for his advocacy on behalf of economic development initiatives in Appalachia, receiving the 2013 Congressional Award from the Development District Association of Appalachia (DDAA) during a ceremony in Washington.

“Strong rural communities demand economic investment and development,” Brown said. “That’s why these local development districts throughout Appalachian Ohio are so important. By tapping into the revolving loan fund and federal grants, these organizations make a huge difference in the communities they serve. I appreciate the Development District Association of Appalachia’s work on behalf of Southeastern Ohio rural communities, and I am honored to receive this award.”

U.S. Sen. Sherrod Brown said Wednesday he will push legislation aimed at speeding up the process of real estate “short sales” as a way of getting the nation’s housing market, and by extension the economy, back on track.

In a conference call with reporters, Mr. Brown (D., Ohio), said red tape among the nation’s largest banks is delaying and often killing short sales, causing potential home sales to break down and prolonging the foreclosure or distressed home dilemma in the housing market.

A short sale is an agreed-upon sale of real estate in which the proceeds from selling the property fall short of the mortgage amount owed by the seller.

Cleveland-based start-up Plotter, dubbed the first social network for maps, won the top award for the social technologies category Tuesday night at the annual South by Southwest Interactive Festival in Austin, Texas.

The company won one of six categories at the festival’s fifth annual SXSW Accelerator program, which in years past has catapulted companies like Twitter and Foursquare. Three of the four members of the Plotter team work at Recess Creative, a downtown Cleveland full-service digital marketing and advertising agency.

FDM is also one of the few additive manufacturing workstations Senator Sherrod Brown witnessed in action during his tour of NAMII on Friday.

He took this opportunity to herald legislation, which he plans to introduce soon, that would create a National Network of Manufacturing Innovation, which would advance President Barack Obama’s goal of creating up to 15 more innovation hubs similar to NAMII, an initiative he announced during his State of the Union address in February.

Brown said NAMII will make the Mahoning Valley the leader in 3D printing.

Reducing Medicare prescription drug costs could save taxpayers more than $260 billion over 10 years, according to a reform plan that Senator Sherrod Brown (D-Ohio) described to the Record-Herald and other news outlets at a press conference Wednesday.

Brown outlined a three-point proposal to lower the cost of prescription drugs, which are subsidized for seniors enrolled in Medicare, to both reduce the financial burden on seniors and help address the nation’s growing debt problem.

“Everyone in Washington, as we know, is focused on fiscal issues,” said Brown. “I believe we can reform Medicare and Social Security to reduce the deficit without increasing the retirement age for Social Security and without cutting Medicare Benefits.”

U.S. Sen. Sherrod Brown, D-Ohio, got a firsthand look on Friday at what many, including President Barack Obama, believe is the future of manufacturing in this country.

In his State of the Union address last month, President Obama said he wants to fund another 15 additive manufacturing research facilities like the National Additive Manufacturing Innovation Institute in Youngstown. On Friday, Brown said he’s pushing to eventually have all those centers linked together to share their technology.

The Senator toured NAMII, which is located inside the Youngstown Business Incubator downtown. Besides meeting employees, he got to look over some of the products made through the process known as 3-D drawing, where parts can be put together layer by layer.