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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Dec 19, 2007
Page
2
The Federal Reserve backed rules to protect subprime borrowers with tighter disclosures and advertising rules. The plan targets lenders including banks and brokers, aiming to curb deceptive practices and ensure income verification and fair terms before any new mortgages.
Skybus, the Columbus based no frills carrier, lost 16 million in the quarter ended Sept 30 while pledging to lose money before turning profitable next year. Analysts note high traffic growth but rising costs may undermine the $10 seat model as Skybus plans to serve 15 cities from its Columbus hub this year to compete with Southwest and JetBlue.
The FCC voted to lift a 32 year old ban allowing broadcasters in the 20 largest markets to own a newspaper. Chairman Kevin Martin led the move with two Republicans supporting it while two Democrats opposed. The White House backs the decision as a minor loosening amid tension on Capitol Hill.
Congress approved a broad energy bill boosting mileage to 35 mpg, a 40 percent rise, with a Senate and House vote of 314 100 and White House plans to sign at the Energy Department. The measure also mandates a sixfold ethanol surge to 36 billion gallons by 2022 and raises efficiency standards for appliances and buildings.
Midway Mall in Elyria offers a single prize package including one pair of Hannah Montana concert tickets for the January 3 show in Cleveland. Contest runs through Saturday with entry at the customer service desk and drawings Saturday in the food court, no purchase required.
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