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Noon news headlines for Jan. 7, 2013
Chardon school shooting trial postponed;  Former Fair Finance financier ruled indigent; U.S. Chamber predicts flood of fracking jobs 

Reporter / Host
Jeff St. Clair
  • Chardon school shooting trial postponed
  • Former Fair Finance financier ruled indigent
  • U.S. Chamber predicts flood of fracking jobs 
  • Ohio Air Force base bracing for budget cuts
  • Chardon school shooting trial postponed
    The trial of a Chardon teen accused of a shooting rampage has been postponed.  Geauga County Common Pleas Judge David Fuhry this morning agreed with lawyers representing 18 year-old TJ Lane, and prosecutors.  Both said they need more time to sift through new information in the case.  Lane is accused of killing three students and wounding two at Chardon High School last February.  The Plain Dealer reports authorities are waiting for results of a forensic examination but would not go into details.  Fuhry did not set a new date for the trial, which was supposed to start next Monday.

    Former Fair Finance financier ruled indigent
    A federal judge says a former Indiana financier doesn’t have to pay to appeal his conviction for swindling investors out of more than $200 million.  A U.S. District Judge issued an order granting Timothy Durham’s request to proceed with his case as an indigent.  Durham said last month that he had no money to file an appeal with the 7th U.S. Circuit of Appeals in Chicago because his multimillion-dollar home is in foreclosure and his financial assets are tied up in bankruptcy proceedings of the companies he used to control.  The 50-year-old Durham was sentenced to 50 years in prison in November after a jury convicted him of securities fraud, conspiracy and 10 counts of wire fraud in the collapse of Akron-based Fair Finance.

    U.S. Chamber predicts flood of fracking jobs 
    A survey released by the U.S. Chamber of Commerce shows that the number of jobs in Ohio’s oil and gas industry could increase 700% in the next 20 years.  The Utica and Marcellus shale industry supported nearly 39,000 jobs in Ohio during 2012, the report estimates that that number could grow to as many as 266,000 jobs by 2035.  Drilling advocates say the industry's contribution to the state's economy is expected to grow as well. Last year, the industry directly contributed $4.1 billion into Ohio's gross state product, a number that is projected to grow to more than $35 billion during the same period.  Opponents of hydraulic fracturing or fracking continue to raise concerns about the risks of groundwater contamination from the process and safe disposal of fracking fluids.

    Ohio Air Force base bracing for budget cuts
    The general who leads a major Air Force command expects federal budget-cutting will mean not only spending reductions but fewer new programs.  Gen. Janet Wolfenbarger heads the Air Force Materiel Command based at Wright-Patterson Air Force Base near Dayton. It employs nearly 82,000 people in acquisition, research and development, testing, evaluation and other duties at nine different bases.  She says there is some disappointment with continued uncertainty as Washington prepares to work on federal debt and budget issues. She says the military understands the need to do its part in the nation's fiscal crisis.  The general last year cut 1,000 civilian jobs to save more than $100 million.
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