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July 21, 2010 | Ohio politics
 

Home > Blogs > Ohio politics > Archives > 2010 > July > 21

Wednesday, July 21, 2010

Buckeye Firearms Association endorses Cordray for AG

The Buckeye Firearms Association has endorsed Democratic Attorney General Richard Cordray for re-election over Republican challenger Mike DeWine, the former U.S. senator from Cedarville.

“The Buckeye Firearms Association represents the interests of an important group of people in Ohio, and I am honored to have received their endorsement,” Cordray said in a press release on Wednesday, July 21.

Click here for the full text of the endorsement.

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Poll: Kasich keeps lead over Strickland

Republican challenger John Kasich continues to lead Democratic Gov. Ted Strickland among likely voters in a Rasmussen Reports poll released on Wednesday, July 21.

Kasich leads, 48-43 percent in the new poll, about the same as the Republican’s 47-40 percent lead at the end of last month.

The new poll was taken on Monday, July 19, with 750 likely voters and has a margin of error of plus or minus 4 percentage points.

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Ohio, NY pension funds seek recovery from BP

Pension funds in Ohio and New York on Wednesday, July 21, announced that they’re seeking lead plaintiff status in a securities class action lawsuit against BP and the British company’s officers and directors.

In filing in U.S. District Court in Louisiana, attorneys for the states’ funds said that the funds lost from $181 million to $229.4 million from BP investments.

The filing comes with efforts continuing to contain and fix the spill at BP’s well in the Gulf of Mexico.

“Institutional investors and the Ohio funds in particular have been greatly harmed by BP’s alleged misconduct,” Ohio Attorney General Richard Cordray said in a press release.

“By forming a partnership between Ohio and New York, we aim to compensate investors for what we believe was securities fraud and effect real change in the way BP and other companies do business.”

The group seeking lead plaintiff status includes: the Ohio Public Employees Retirement System; the State Teachers Retirement System of Ohio; the School Employees Retirement System of Ohio; the Ohio Police & Fire Pension fund and the New York State Common Retirement Fund.

The combined funds invest more than $275 billion, the press release said.

ddn072210bpstocktable.jpg
Table showing how much money each fund lost as of June 28

The funds alleged that BP made materially false and misleading statements about the company’s safety protocols and record as well as the ability to respond to a major oil spill.

A BP spokeswoman said the company would not respond because of the pending litigation.

Earlier: Ohio public pension plans losing money on BP stock

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Poll: Obama approval sinks to lowest ever as independents defect

President Barack Obama’s approval rating has sunk to its lowest level among registered voters across the country in a new Quinnipiac University Poll released on Wednesday, July 21.

In the poll, 48 percent disapproved of Obama’s performance as president, compared to 44 percent who approved. In May, 48 percent approved and 43 disapproved. Back in July 2009, Obama still was on a political honeymoon, with 57 percent approval and 33 percent disapproval.

Also, the poll found Obama losing 39-36 percent to an unnamed Republican in 2012.

Independents deserted Obama in the poll. This group disapproved of his performance, 52-38 percent and by a 37-27 percent margin said they’d vote for a Republican contender in 2012.

The poll found no love for Congress. By a 59-31 percent spread, they disapproved of the job Democrats in Congress are doing and by a 59-29 percent margin disapproved of what congressional Republicans are doing.

One bright spot for Obama in the poll - voters like him better than former Alaska Gov. Sarah Palin, the 2008 GOP vice presidential candidate and potential 2012 presidential hopeful.

They gave Obama a 49 percent (favorable) to 45 percent (unfavorable) rating. Palin came out negative on favorability - 49 percent (unfavorable) to 35 percent (favorable).

Still, the poll results posed potential problems for the president.

“In politics a month is a lifetime and we have 28 months until November of 2012,” Peter Brown, assistant director of the Quinnipiac University Polling Institute, said in a press release. “But politicians with re-elect numbers at 40 percent bear watching.”

The poll was taken from July 13 to Monday, July 19 with 2,181 registered voters and had a margin of error of plus or minus 2.1 percentage points.

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