Bear market talk rattles investors in New York
Hugh Johnson of First Albany Corp warns the market could slip from its strong run as March employment data and Fed rate moves loom. Analysts note broad gains since 1990, with recent declines raising questions whether a bear market is near. Johnson remains cautious about the timing and severity.
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New York
Hugh Johnson
Lyndon Johnson
Uni Tima
Pais
Wall Street
Johnson
NUAAL
Federal Reserve
First Albany Corp
Bear
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Bosnia
Steve Burr
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Avon Lake seeks federal funding for Pin Oak Industrial upgrade
Lorain County Economic Development Committee backs Avon Lake for about 1.5 million dollars in federal aid toward expanding the Pin Oak Industrial Parkway. The city would match the project with 15 million dollars, creating about 280 jobs, with federal decision unclear.
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Lorain County
Avon Lake
Murphy
Pin Oak
Albert Dispenza
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County Economic Development Committee
Nord Center leader to head Lorain education center
Bernard Greenberg, long-time Nord Center executive director, will become the Center for Leadership in Education in June. He succeeds Phyllis DeMark, who retires at year end and will assist through December. The move follows growth from a 35 to 250 staff and budget from 600,000 to 10.5 million.
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Cluster homes plan raises roof over Sheffield Lake
About 40 residents urged the Planning Commission to reject a 136 home cluster development on Lake Read near Lorain. Lat ina and Latina Builders propose 18 groups of 1 100 to 1 900 square foot homes priced 118 000 to 142 900 with six homes per acre and shared side walls built in three phases. Residents fear flooding traffic and tax base loss and worry the project may attract a retirement or low rent crowd, while developers say the homes target aging buyers and would include a homeowners association and no driveways on the main street. The Planning Commission will vote in early May after a 60 day review.
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Lake Read
Latina and
Latina Builders of
Middleburg Heights
Michael Kephart
Lakeside Ten
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City Planning Commission
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