PLEASE READ!!!

***** ALL users will have to request a password reset BEFORE you will be able to log into the forum. See the thread in the forum issues section for further instructions. If you have issues with this, email us at admin@urbanohio.com. *****

Author Topic: Cleveland: General Business & Economic News  (Read 60945 times)

0 Members and 2 Guests are viewing this topic.

Online Dougal

  • Rhodes Tower 629'
  • ***
  • Posts: 587
Re: Cleveland: General Business & Economic News
« Reply #2670 on: May 15, 2018, 12:05:39 AM »
^We had a postal savings plan from 1910 to 1967. It was very popular in the 20s and 30s with small savers. Then the banks decided to compete and Pres. Johnson shut it down. 
There's nothing wrong with optimism, as long as you don't get your hopes up.

Offline E Rocc

  • Jeddah Tower 3,281'
  • *****
  • Posts: 9140
Re: Cleveland: General Business & Economic News
« Reply #2671 on: May 15, 2018, 08:30:54 AM »
I didn't even know this existed....

U.S. Bank to lay off 260 from Bedford mortgage office
http://www.cleveland.com/business/index.ssf/2018/05/us_bank_to_lay_off_260_from_be.html

Yeah the building is tucked away in the railroad "valley" by Rockside, almost in Maple Heights.   I wouldn't have known about if my cousin didn't work there awhile and I work in Bedford.

Offline X

  • Global Moderator
  • Jeddah Tower 3,281'
  • *****
  • Posts: 9840
    • Western Reserve Meadery
Re: Cleveland: General Business & Economic News
« Reply #2672 on: May 15, 2018, 11:25:35 AM »
When I studied in the Netherlands, I did most of my banking at the post office.  I don't know what the actual set up was, though- if there was a private bank that was partnered in, of if I was going direct through the post office.  Pretty sure I paid my rent there, too.

Offline StapHanger

  • Jeddah Tower 3,281'
  • *****
  • Posts: 8585
Re: Cleveland: General Business & Economic News
« Reply #2673 on: May 15, 2018, 11:38:57 AM »
"Postal banking" is fairly common in other countries and there's some interest in in Washington reviving it here in the US: https://slate.com/business/2018/04/kirsten-gillibrands-ambitious-postal-banking-bill.html

Online Sir2geez

  • Metropolitan Tower 224'
  • *
  • Posts: 169
Re: Cleveland: General Business & Economic News
« Reply #2674 on: May 17, 2018, 12:14:43 PM »
Plug and Play head invites local corporations to his business accelerator

The co-founder and CEO of what has been called "the world's largest startup accelerator" is inviting Cleveland's old-line businesses to join in his 21st century way of building businesses.

"I believe if you bring the large corporations together with entrepreneurs it can create value for everyone," he said in his keynote remarks. "We're going to build great innovations together."

http://www.crainscleveland.com/article/20180516/news/161866/plug-and-play-head-invites-local-corporations-his-business-accelerator