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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Dec 27, 1976
Page
4
A Chronicle-Telegram report cites that Americans carry about 171 billion in installment debt with 15.6 percent of disposable income. It outlines four relief steps from debt extension to bankruptcy, and details the role of credit counseling services and consolidation loans as options for families facing overextended finances.
A budgeting guide weighs three formulas to limit installment purchases. It explains a compromise rule: take monthly take home pay, subtract rent, then use one fifth of the remainder as the cap on total installment bills excluding mortgage. It illustrates with a hypothetical family earning 758 monthly after taxes.
Journal notes from Bridgeport recall Dick Daley and Bobby Kennedy amid a 1960s Vietnam era backdrop. A McKeon Funeral Home scene triggers memories of a son killed in Vietnam and political upheaval as Kennedy laments Daley’s support and the war. The piece ties a neighborhood to national events through personal perspective.
The narrative follows Breslin and Daley linked pageantry and police funeral procession in Chicago. Officers and firefighters gather at Brice’s address after the service, with vivid street scenes of South Lowe and 35th Street. The piece contrasts District politics, Irish ties, and fractured neighborhoods around Comiskey Park and Dan Ryan Expressway.
On December 5 to 8 in 1967 police arrested an estimated 500 anti draft demonstrators in New York. The arrests occurred as part of a national Stop The Draft Week effort led by about 40 antiwar groups.
The Fon tainebleau and six other Miami Beach resorts faced a strike by maids bellhops and bartenders seeking a built in 1.50 per day maid tip. The walkout, entering its third day, affected about 7,000 guests as hotels offered partial service with staff shortages. Union says 10,000 members exist, 2,000 jobless before strike.
Three Lorain prisoners used hacksaw blades hidden in toothpaste to escape via a jail window and fled to a friend’s home. A vehicle was spotted by Officer Les George in the 1800 block of E. 30th Street around 12 15 a.m. The driver surrendered after a warning shot, but one inmate, Rocak, escaped. Malinovsky noted prior guard weaknesses and a hospital stay for Ostolaza after an injury. The charges against Thomas were not listed.
UW Madison students preferring coffee and folk music find a haven in the Friday Night Social Club in a dorm lounge. Adviser Bill Gerlach organized the weekly coffee shop event after noting there should be more to socializing than beer.
The Dow Jones average rose slightly as trading stayed active in New York. Brokers cited bullish mood and strong yearend showings by industrial stocks. The index led gains among New York Stocks as investors priced in a late rally.
Two of four men recalled to work in the sanitation department did not show up today. Sanitation Superintendent Jack Byam said he would contact the two laid off workers to learn why. The four workers were recalled after rates rose from $3 to $4.75 monthly to fund a self sustaining department. Rubbish collections will be done monthly next year with a schedule to inform citizens.
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