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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Dec 13, 1976
Page
3
Chronicle-Telegram outlines sweeping changes to vacation home deductions, moving expenses, home offices, interest deductions, loss carryovers, and installment sales. It details limits on sheltering rental income, 14 day/10 percent rules, 65 plus capital gains exclusions, amortization of points, moving deduction liberalization, and new holding period requirements for long term gains.
Ann Landers says she harbors no hostility after divorcing Jules Lederer after 36 years. She describes a supportive, shared marriage, the pain of separation, and her belief that trouble can be a blessing that builds character. Lederer remarried in London. Landers lives in Chicago with no contact since.
Mersing, a Polaris Vocational School student majoring in business agriculture, died returning from a drive in North Olmsted. He had worked two part time jobs on Lorain Road. Survived by parents two sisters Deborah and Shirley and a brother Dennis. Calling hours set at Corrigan Funeral Home. Burial planned at Holy Cross Cemetery in Worth Olmsted. Funeral arrangements incomplete.
David Warren, president of the Playland Research Center, stood at a downtown street corner with an iron pot weighing about 20 pounds, telling passersby to take money as a Christmas gift. He described the stunt as a critique of commercialism and planned to repeat it in other city areas.
In a Las Vegas interview Joe Louis, age 62, discusses his weight around 240 pounds, health, and retirement plans at Caesars Palace where he works as a greeter. He recalls old friend Irwin Rosee and expresses gratitude to the Weinbergers, noting the public’s enduring admiration for him. Louis says Detroit sends hello as he fades into the casino crowd.
Indians used petroleum for medicine, caulking canes, gluing shells and other decorations and utensils, mending articles, helping construct tools, and waterproofing fabrics. The note highlights practical applications across daily life and craft.
The Supreme Court denied James Earl Ray's bid to overturn his 1969 guilty plea for the Martin Luther King Jr assassination. The brief order let stand lower rulings that his plea was voluntary and that he had not been denied effective counsel despite lawyers' financial ties to a King book project.
Ford Motor Co recalls 86 600 1976 77 model cars for shoulder belt anchor misassembly that could tear the pillar and belt. fixes include reinforcement to each pillar. About 36 100 Granada and Monarch cars may have bolts securing front suspension arms that could loosen after miles, risking suspension separation and loss of control. warning signs include gradual pulling to one side.
Opening trading saw the Dow Jones 30 up by more than four points as gains led on the New York Stock Exchange. Advancers outnumbered decliners by a 3-2 margin, aided by widespread cuts in prime lending rates noted as boosting the market late last week and lowering borrowing costs.
Columbia Gas of Ohio will print on bills a note that saving 10 percent in gas use this month yields a specific dollar saving. Elyria manager Lloyd McIntire explains customers should not subtract these savings from their total bill, as conservation is already reflected in usage. He urges thermostat setting at 67 degrees and other conservation practices to continue saving.
Rhodesia Prime Minister Lan Smith said the Geneva talks on a transition to black rule are not further away from the objective than at the outset. He expressed hope as long as work continues, but reported no real progress since talks began in October. He spoke to reporters at Johannesburg airport returning to Rhodesia.
Belgrade sources report President Tito dismissed Moscow’s calls for closer ties and refused expanded servicing of Soviet warships at Adriatic ports. He feared granting access could enable Soviet naval bases on Yugoslavia’s warm water coast.
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