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The Chronicle Telegram in Elyria, Ohio

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This newspaper page contains 5 articles. Subscribers can read the full text of each article.

Newspaper

The Chronicle Telegram

Location

Elyria, Ohio, United States of America

Date

Jan 23, 2003

Page

6

Bush defends economic plan on tax cuts for job growth

President Bush defended a $674 billion, 10 year stimulus plan on a warehouse floor at JS Logistics arguing tax cuts for business owners spur job creation. White House aides argued benefits extend to all, despite Democratic claims the plan favors the wealthy.

ST Louis Bush White House JS Logisics ABC News Washington Post Ari Fleischer Roundtable Fleischer Clinton Reagan President Bush JS Logistics Shipping Company St. Louis

Super Kmart in Sheffield Faces Closure Battle

Sheffield officials clash over the fate of the Super Kmart at Cobblestone Square as Kmart weighs the closure list. Carnegie Management president Rustam Khouri argues incentives could save the 142,500 square foot site, while Mayor Darlene Ondercin says a deal is unlikely and a buyer is sought. Court review of 326-store shutdown set for Jan. 28. lease has 23 years left, with Marc's occupying part of the building.

Sheffield Super Kmart Cobblestone Square Darlene Ondercin Kmart Rustam Khouri Carnegie Management and Development Corp Khouri U.S Chicago Carnegie Elyria Marc's Westlake Lorain Kmarts Wal-Mart Onderein Ondercin

Amtrak warns of shutdown without more federal aid

Amtrak president David Gunn warned Congress the railroad faces a spring crisis and possible systemwide shutdown unless funding increases. He noted past near-misses in July 2002 tied to a $100 million loan guarantee and $205 million in federal appropriations as Congress debates subsidies ranging from $521 million to $1.2 billion. Gunn argued the service is vital, with Amtrak operating across 46 states, 22,000 miles, serving about 65,000 daily riders in a period of fiscal contention.

Washington Amtrak Congress David Gunn U.S. Conference of Mayors Transportation Department Bush House Senate Gunn Kenneth Barr Fort Worth Texas Barr New York City

Stocks fall as war fears erase 2003 gains

Wall Street logged a fifth straight session of losses with the Dow down 124.17 to 8318.73 and the S&P 500 off 1 percent as tepid earnings from J P Morgan Chase and Eastman Kodak, plus Iraq tensions, dampened the year’s rally. Nasdaq eased to 1359.48 with Kodak and Morgan shares sliding after disappointing results. Bush warned of serious consequences if war comes, while analysts cited cautious outlooks and weak guidance.

Dow Jones Dow Standard & Poor Charles Pradikia SG Cowen Securities Dow Industrial Eastman Kodak Wall Street J.P. Morgan Iraq Bush Saddam _ Hussein United States Bryan Piskorowski Prudential Securities

Dollar recovers versus euro as European comments ease Iraq concerns

The dollar rose against the euro and Swiss franc after dovish remarks from German and French leaders suggesting difficulty in coalition building for Iraq. In New York trading the euro fell to 1.0716 dollars and the dollar rose to 1.3651 Swiss francs. AMR dropped after a quarterly loss, while Pfizer gained on strong earnings. markets showed more decliners than advancers on the NYSE. Global stocks, including Japan and Europe, fell amid ongoing Iraq uncertainties.

New York Dowdones Euro Germany France U.S Iraq White House AMR American Airlines Bank of New York Pfizer Wall Street New York Stock Exchange Japan Europe Britain

Also Mentioned on This Page

Mitsubishi Brad Dicken Chronicle-Telegram Ing Bdicken Chronicletelegram.com Sion J.P. Morgan Chase Eastman Kodak Ohio Yellow Deck Park Witwer Rie Yrhewdackpark
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