Area banks diverge on savings amid recession signals
Chronicle-Telegram survey finds no clear rise in savings across banks and savings and loan institutions. Officials like John Baird of Lorain County Savings and Trust Co note modest gains in money market certificates while passbook accounts rebound. Gene Hubbard of Northern Savings and Loan reports money in and out with weak net growth as unemployment rises and inflation pressures prompt cautious liquidity. Other executives say savings trends are flat or seasonal, with some decline in money market rates from 15.7 percent to about 8.5 percent and little evidence of a lasting shift toward greater savings amid ongoing recession concerns.
MENTIONED IN THIS ARTICLE
Chronicle-Telegram
John Baird
Lorain County Savings and Trust Co
Baird
Northern Savings and Loan
Gene Hubbard
Savings and Loan
Ruling sought on Elyria layoffs dispute
The Elyria Civil Service Commission will ask City Solicitor George Ferguson to rule on whether city procedures followed proper steps when laying off 72 workers. Seven laid off employees seek hearings, arguing state law and civil service rules conflict over seniority and classification in layoffs.
MENTIONED IN THIS ARTICLE
Elyria Civil Service Commission
George Ferguson
Commission
Civil Service Commission
Charles Baumgartner
Terry S
Pete
Civil Service
Ferguson
Ridgeville Debates Open Burning Fire Chief Seeks Control
North Ridgeville council narrowly approves an open burning ordinance after a fiery debate. Fire Chief Dreger protests shifting permit power to the building department, calling for Fire Prevention Code oversight. The measure, initially tied, passes 4-2 with a committee to set later rules. Mayor to clear four trash or brush lots in a related move.
MENTIONED IN THIS ARTICLE
North Ridgeville
Environmental Protection Agency
Robert Dreger
Dreger
Council
American Insurance Association
Fire Department
Richard Noll
Gilbert Cornish
Noll
Council Chambers
John Juncker
D-3
William Noll
84th Annual Cuyahoga County Fair Opens in Berea
Tight economy and high gas prices boost expected attendance to a record 250000 at the 84th Cuyahoga County Fair in Berea through Sunday. Theme American as Apple Pie with livestock shows crafts cotton candy and music plus autos and demolition derbies. Performers include Tanglefoot Singing Angels Eastwind Fours Truly Walt Bobby and the Dixie Dudes and Lorain County Banjo Band with Saturday Sunday shows by the Cleveland Civic Light Opera Society. Open daily noon to 11 pm with adults 3 under 12 free and seniors 1 noon to 6 pm. parking free.
MENTIONED IN THIS ARTICLE
Berea
Cuyahoga County
Berea Fairgrounds
Gazebo
Tanglefoot
Aspen
Colo
Cleveland
Singing Angels
Eastwind
Fours Truly
Walt Bobby
Dixie Dudes Dixieland Band
Lorain County
Cleveland Civic Light Opera Society
LMHA vows protest as HUD cuts funds for 1980-81
Lorain Metropolitan Housing Authority will appeal HUD’s decision to withhold subsidies for the 1980-81 operating budget. Board members, including Fr. Joseph Step, pledge to protest the unequal distribution of federal aid and notify Rep. Don J. Pease, Sen. Howard Metzenbaum, and Rep. J. Leonard Camera. Director Ronald Ashley warns of a tough year and possible staff layoffs while LMHA seeks to avoid cuts amid a broader funding squeeze. Maria King resigns from the LMHA board due to family and work conflicts.
MENTIONED IN THIS ARTICLE
Lorain — Lorain Metropolitan
U.S. Department of Housing and Urban Development
Ohio
HUD
Federal Agency
U.S
Don J. Pease
Doberlin
Howard Metzenbaum
J. Leonard Camera
D-Lorain
Ronald Ashley
LMHA
Congress
Lems
Ashley
Maria King
Lorain Ford
Japanese teen exchange student visits Wellington mayor
Kazuyuki Matsumura a 13 year old from Sakei City Japan visits Wellington delivering a greeting from Mayor Osamu Yamamoto. The student is in Lorain County under LABO International Exchange Program staying with the McAleeses. Yamamoto notes Sakei City is 25 years old with about 60000 residents and industry in silk and glass.
MENTIONED IN THIS ARTICLE
Wellington
Rudy Neumann
Sakei City
Japan
Kazuyuki Matsumura
Osamu Yamamoto
Matsumura
Oberlin College
Lorain County
Labo International Exchange
James McAleese
W. Bursley Road
Jimmy
Kelly
Osaka
Neumann
Bendix to lay off 80 at Elyria truck parts plant
Bendix Heavy Vehicle Systems in Elyria will cut about 80 hourly workers at week’s end for an indefinite period. Advertising manager John Schetzle cited the auto industry downturn as the reason. The plant makes air brakes for trucks and large vehicles. total hourly staff is 314.
MENTIONED IN THIS ARTICLE
Bendix Corporation
Elyria
John Shetzley
Bendix
Also Mentioned on This Page
Glen Miller
C-T
Hubbard
Elyria Savings and Trust
William Fitch
Fitch
William Kilfoyle
Pioneer Federal Savings and Loan Association
Kilfoyle
By Bruce Vernyi
Terrisa Patuhas
Capone
Miss Patuhas
Charles Patuhas
Fairwood Blvd
Bob Bailie
Ridgeville
David Knox
Jeffry Armbruster
R-2
Richard Glauner
R-1
Joseph Step
Norma Jones
Rudy Nesmass
Karayaki Matsenvara
Schetzle
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