NEWS ROUND-UP THURSDAY EVENING

by Michael Monks

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OMNICARE LAUGHS AT COVINGTON, PART 3

In spite of needing taxpayer assistance to pay its rent at RiverCenter and also to pay its rent at its new digs in Cincinnati, Omnicare still has plenty of cash to buy up its nearest competitor. Louisville-based Pharmerica has now agreed to share acquisition related information with the Covington Cincinnati-based Omnicare:

“While the PharMerica board continues to believe that Omnicare’s $15-per-share offer undervalues the company, the company is engaging in this analytical process to enhance its understanding of the antitrust risk related to Omnicare’s proposed combination,” according to a news release.

Oh, Pharmerica. If you really want to know what it means to be undervalued by Omnicare, give your old friend Covington a call. Omnicare just posted a $28 million profit while operating out of its government-subsidized offices in Covington but they feel like they could make even more money when they relocate to Cincinnati starting in December, costing our city nearly a million bucks and who knows how many jobs (in addition to the 500 or so that are leaving RiverCenter). It seems like a lot of fuss is being made over a company that paid nearly a $100,000,000 (that's one-hundred million dollars) to settlle allegations of Medicare fraud. Ever wonder what would happen to you if you committed $100 million in fraud against elderly people? I'm not sure either... but I bet tax breaks wouldn't be involved.
SEE ALSO: Omnicare move's architect subject of ethics complaint
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COVINGTON FEATURES PROMINENTLY IN ANTI-BULLYING VIDEO
The "It Gets Better" anti-bullying campaign by The Trevor Project gets support from the region with a new local "It Gets Better" video premiering at Below Zero Lounge in Over-The-Rhine.

This event is to help raise awareness & funds... for the Trevor Project and will also be the premier of Cincinnati's "It Gets Better Video" featuring many of our public officials, business leaders and a few surprises. Entry is $5 or $25 for the VIP reception from 7-7:30. There will also be a drink special and a raffle with proceeds benefiting Trevor Project.

Covington City Commissioner Shawn Masters and Renaissance Covington manager Katie Meyer are featured or involved as well as Covington residents Ron Padgett and Roderick Willis. The City of Covington, Leapin' Lizards, and Otto's are thanked by the producers. Here is a preview of the video:

See the full video tonight starting at 7:30PM at Below Zero Lounge, 1122 Walnut Street in Cincinnati. This is a much-needed message following the suicide of a Covington teen after being tormented by bullies and following the City Commission's call for a resolution against bullying.
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JUDGE JAY BAMBERGER, COVINGTON NATIVE, DISBARRED BY STATE
Following an investigation into his handling of the infamous fen-phen case, the Kentucky Supreme Court permanently disbarred Latonia native Jay Bamberger. He resigned as a circuit cour judge serving Boone & Gallatin Counties when the investigation began. Bamberger went to Holy Cross High School and is the first cousin of former Covington City Commissioner and Mainstrasse Village Association Executive Director Jerry Bamberger, whose public career also ended on the wrong side of a court case.
Cincinnati Business Courier
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WHAT IS IT THAT GEOFF DAVIS IS ALWAYS TWEETING ABOUT?

Geoff Davis discussing, wait for it,
the REINS Act
Photo via

If you follow Congressman Geoff Davis on Twitter, barely ten minutes can pass without a mention of something called the REINS Act. Sometimes he points out where his local offices are, but other than that, it's always REINSing over the head of Geoff Davis. Let's learn about what it is, together, from the man himself:

Meanwhile, unemployment is up in all 3 NKY counties. I'l let you know when Congressman Davis makes a video about that.
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COVINGTON'S KEYSTONE GEARS UP FOR ITS HYDE PARK LOCATION
Congratulations to 4 Entertainment Group on their soon-to-open second Keystone location in Hyde Park. The company launched a series of web videos so that you can follow along with the progress. Here's the latest:

Very cool! I recommend the meatloaf sandwich. I profiled the Roebling Point Business Association a few weeks ago.