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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Dec 12, 1987
Page
2
Commerce Department reports November retail establishments sold 125.9 billion dollars, up 210 million from October. The gain follows sharp 0.9 percent drop in October and 1.7 percent fall in September, both revised lower. Wholesale prices held steady as consumer demand lagged.
At a Senate hearing Bruce Carnes defends actions to expel colleges and trade schools from federal aid if default rates exceed 20 percent. Edward Kennedy blasts the plan as targeting vulnerable youths while Carnes cites 80 percent of high defaults as for profit trade schools, with low income and minority students disproportionately affected.
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