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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Dec 24, 2008
Page
3
Growing number of heating oil customers sign fixed price contracts desire to back out as crude prices slide. Buyout clauses cost hundreds but offer cheap exit from deals made during an energy crisis peak.
Economists warn the fourth quarter GDP might drop as much as six percent the sharpest quarterly decline since 1982. The recession began in December 2007 and could reach a prolonged low point, with analysts noting the length of the downturn.
The top U.S. Africa diplomat says Washington cannot back a power sharing plan that keeps Mugabe as president and Britain backs the stance. Mugabe, 84, vows to ignore Bush and Brown as Zimbabwe faces starvation, cholera, and shortages of food medicine fuel and cash amid sanctions targeting him and his allies.
President George W. Bush granted a posthumous pardon to Charles Winters, a Miami businessman-hero to Israel, among 19 pardons and one commutation before leaving for Camp David. Winters died in 1984 after aiding Jews in the 1948 conflict.
President elect Barack Obama Rahm Emanuel and Valerie Jarrett met federal investigators building a corruption case against Illinois Governor Rod Blagojevich. The talks focused on whether there was inappropriate contact over the Senate appointment. The White House said Obama and aides did not speak for the president elect and were not implicated.
Airlines persist with bag charges as they reel from the recession and past fuel bets. Passengers pay about $15 for a first bag and $25 for a second while carriers project a $4 billion loss for 2008.
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