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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Aug 12, 2014
Page
14
The Chronicle masthead presents publication founders and editors including A C Hudnutt later publishers A Hudnutt and A Cooper Hudnutt and editors Andrew R Young and Julie Wallace, noting lineage from 1829 inception to 2010s leadership.
The Justice Department pressures Bank of America toward a settlement exceeding 16 billion dollars for alleged misdeeds tied to Countrywide and Merrill Lynch mortgage securities. The deal would blend cash and borrower relief, aiming for legal finality and signaling broader systemic risks and bank bailouts.
Clive Crook argues that Scotland's future should be judged by sovereignty and national identity rather than short term economic forecasts. Lawrence Summers notes four objections to smaller states and contends that independence may be a close call with self government the main driver.
Economist Samuelson analyzes the federal funds rate debate, weighing slack in the economy as measured by potential output gaps and sector price signals. He notes estimates vary, with the CBO implying large slack earlier and Fernald suggesting a smaller gap, while wage trends and inflation expectations shape policy. The piece cautions against delaying rate hikes too long as inflation risks rise if demand outpaces supply.
August 12 2014 marks day 224 of 2014 and day 53 of summer. Notable birthdays include Christy Mathewson Cecil B DeMille George Hamilton Bruce Greenwood Peter Krause Pete Sampras Casey Affleck. Tyrannosaurus Sue discovered in 1990 now at Field Museum. IBM 1981 PC memory 64 000 bytes cost 3005 dollars. Moon phase between Aug 10 full and Aug 17 last quarter. Pete Sampras turns 43 today.
The Chronicle Telegram invites letters to the editor under 250 words with signatures full home address and phone number for verification. Submissions may be edited for brevity accuracy and taste. Mail to Editorial Page Editor Elyria Ohio fax 329-7282 or email letters chroniclet com to submit.
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