Spectacular local economy defies national trend in 1977
In Elyria Lorain, unemployment stayed 5.5 to 6 percent, 7,000 more people worked than a year earlier, and a housing boom flourished while national growth loomed tepid. Local firms expanded, new divisions and equipment purchases boosted output, and two national corporations eyed $50 to $100 million plant projects. Average weekly pay rose to 230 dollars, and household income surpassed 18,000 annually amid diverse manufacturing beyond steel and autos. Inflation fears remain the key worry for 1978.
MENTIONED IN THIS ARTICLE
Elyria- Lorain
Lorain County
Ohio
Babson sees continued progress in 1977 and 1978 outlook
Babson reports Inc says despite unfavorable developments the nation’s business had solid 1977 progress. It notes defensive sentiment, weather, foreign goods, energy policy talks and leadership as factors, with 1978 seen sustaining the uptrend into year end though peak timing uncertain.
Capitalism and growth in 1977 explained by Otto Schoepfle
Otto Schoepfle outlines a simple forecast based on past data and behavior, defining capitalism as the system of using savings for capital use. He notes 1977 as solid with 1,889 billion GNP, 6 percent inflation, 4 million more employed, and 54 billion rise in retail sales, though much from price effects.
MENTIONED IN THIS ARTICLE
Schoepfle
United States
Snow likely with colder temperatures overnight
Partly cloudy conditions persist with a chance of snow late tonight and tomorrow. Lows near 20, highs in the low 30s. Precipitation chances at 40 percent tonight and 60 percent tomorrow. Winds southwest 10 to 15 mph. Sunrise 7 53 am, sunset 5 05 pm. Details on page B 10.
Carter Opens Poland Visit With Warsaw Moments
President Carter arrives in Warsaw for a two night stay advancing a visit centered on shrine ceremonies and public diplomacy. He meets Edward Gierek tomorrow with a state banquet planned and a record river of reporters awaiting a first bloc broadcast.
MENTIONED IN THIS ARTICLE
Warsaw
Poland
Carter
Soviet Bloc
Kremlin
Communist Party
Edward Gierek
Gierek
Radziwill Palace
Soviet Union
Richard Nixon
Gerald Ford
Iran
Belgium
West Germany
Washington
U.S
Area bankers react to Burns replacement by Carter
Bankers in the area express disappointment at President Carter’s choice of G William Miller to replace Federal Reserve Board Chairman Arthur Burns. They praise Burns for inflation fighting but doubt he will stay on the board.
MENTIONED IN THIS ARTICLE
Carter
Federal Reserve Board
Arthur Burns
Burns
G. William Miller
Textron, Inc
Robert Bowman
Lorain County Savings & Trust Co
Bowman
Fitch
Elyria Savings and Trust National Bank
Papp fights adoption of son in hearing set
Timothy Papp, jailed for the Roxie Keathley rape slaying, faces a probate court hearing in Sandusky on the adoption of his six year old son by the husband of Papp’s ex-wife. The 10 a.m. session before Judge James Young occurs as Papp seeks delay until after his second trial.
MENTIONED IN THIS ARTICLE
Timothy Papp
Roxie Ann Keathley
Papp
Erie County
Sandusky
James Young
Antonette
Keith Burwell
Keathley
Kimberly Gardens
Sheffield Township
Lorain County
Young
Elyria Memorial Hospital to raise room charges 1978
Elyria Memorial Hospital will raise room rates and other service fees by about 13.5 percent for 1978, with daily semi private room charges rising to 148 and private rooms to 153. Intensive and cardiac care costs increase to 265 and 255 respectively, as staff additions and higher non payroll costs are cited. Some services, including labor and delivery and certain diagnostic tests, will avoid increases.
MENTIONED IN THIS ARTICLE
Elyria Memorial Hospital
Robert Olesen
Olesen
Few crime victims seek aid in Ohio program
Ohio Attorney General William J. Brown says only 1,072 of an estimated 43,000 violent crime victims applied for financial relief in the first year of the crime victim compensation program. The program, funded by a $3 court-cost increase, offers money for victims or families facing financial loss from injury or death. Brown noted the average award was about $3,400 and urged applications through local clerks of courts or the Ohio Court of Claims in Columbus.
MENTIONED IN THIS ARTICLE
Columbus
UPI
William J. Brown
Ohio
Brown
Ohio Court of Claims
Grand jury clears Grafton councilman elect
Donald J. Havlicek, facing a burglary charge over a nighttime entry into Grafton Town Hall on Oct 29, had the case dismissed by the Lorain County grand jury. Prosecutor Ford L. Noble called the act foolish but not a crime, urging no further action and noting tightened security at town hall. Havlicek, to be sworn in as fourth ward councilman, expressed relief and confusion over motives behind the charge filed just before November elections.
MENTIONED IN THIS ARTICLE
Grafton
Donald J. Havlicek
Grafton Law
Havlicek
Lorain County
Ford L. Noble
Town Hall
Noble
Bruce Bergenstein
Tina
Also Mentioned on This Page
Aoe
Cee N
T Ea
John Fuller
C-T
Babson
Babson’s Reports Inc
Babson’s
Schoepftle
Otto B. Schoepfle
CT Board
Adris Bettie Ee
Eetaa Television
Enate
Ehaerbeerbertia
Rosalynn
Wilanow Palace
Ghetto
With Naca
Johnstown
Area Bankers
William E. Cromling
First National Bank of
Elyria
Walter Godfrey
EMH
Mikie Sherman
By Tom Chernitsky
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