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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Jul 17, 2008
Page
3
Reports indicate a reassessment of troop rotations to Iraq and Afghanistan while a museum evacuation occurred after a mall shooting in Florissant. Police say the shooter and ex-wife were 49 and 47, with names not released.
Israeli critics condemn a prisoner exchange with Lebanese guerrillas that traded 199 Arab fighters for two dead Israeli soldiers. They warn such deals embolden kidnappers as Gaza militants press for more concessions while Israel seeks freedom for captive Gilad Shalit. Israel holds about 10,000 Palestinians in prison.
Chicago officers posed as pedestrians on a busy street and triggered 78 traffic stops in two hours to enforce a crosswalk yield law. The operation aimed to curb driver failures to stop for pedestrians and followed similar programs in New Jersey, Washington, and Florida showing higher compliance after tickets and education.
Washington lawmakers debate a fresh economic aid package targeting relief for the middle class and the needy. Pelosi cites infrastructure, food stamps, Medicaid, energy aid and possible tax rebates while Republicans urge caution and focus on the housing crisis. Bernanke warns against a quick fix as inflation accelerates with a 1.1 percent June rise driven by energy costs.
In testimony before the House committee Bernanke calmed fears about the economy as he discussed the Fannie Mae and Freddie Mac lifeline and the government’s role. He noted no danger of failure for the two mortgage giants while acknowledging market stresses from IndyMac Bear Stearns and broader price pressures.
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