Fed cuts discount rate to 3 5 percent in bid to spur growth
The Federal Reserve slashed its discount rate from 4 5 to 3 5 percent in a 6 1 vote led by Greenspan amid fears of a double dip recession The move, the first full percentage point cut since 1981, signals intent to lower broader rates and fuel expansion while inflation pressures ease.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve Today
Fed
Wayne Angeli
Federal Reserve
Alan Greenspan
Elyria explores industrial minded school reforms pilot
Elyria educators discuss a pilot plan to merge lower grades into K 3 teams with cooperative self paced learning and reduced tracking. The Education Department may offer exemptions from state standards, while industry linked methods spark debate about turning schools into business style training centers.
MENTIONED IN THIS ARTICLE
Schultz
Council of Chief State School Officers
Atlanta
Unions seek restraining order over sheriff layoff plan
Suits filed by sheriff department employee associations seek to block the layoff of 16 of 44 road deputies and 1% of 58 corrections officers along with eight custodial workers and clerks. A temporary restraining order hearing is set for Christmas Eve as Mahony issued notices to balance a $42 million budget with layoffs effective December 29.
MENTIONED IN THIS ARTICLE
Sheriff's Department
Mahony
Gregory White
Lorain County Common Pleas Court
Kosma J Glavas
Ross seeks kiln permit revision amid enforcement dispute
Ross faces state enforcement for installing a new hazardous waste incineration kiln without agency approval. Ohio EPA says violations exist while Ross claims the kiln replaces the old unit and requires no permit change. The agency notes public complaints, and officials debate penalties while a statewide moratorium on incinerators looms.
MENTIONED IN THIS ARTICLE
Ross
Schregardus
Ohio
George V. Voinovich
Ice rink extends holiday schedule at Elyria North Park
The Elyria Parks and Recreation Department adds holiday hours for North Park Ice Arena at 901 Duffey St. Skating runs 1 4 pm on December 23 24 26 27 30 31 and January 1 2 3 with 1 4 p.m. sessions. Closed on Christmas Day. Fees 1 for youths 2 for adults skate rental 1. Call 365 4251 for details.
MENTIONED IN THIS ARTICLE
Elyria
North Park
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Barbara Herdman
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Larry Miller
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Wycliffe
LaGrange
Tom Gillette
Mary Jo Vasi
Vasi
Jori Bloom Naegele
Employees Association
Eco
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Hesdnas Wih Ald Uerhewdl
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