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The Chronicle Telegram in Elyria, Ohio

17 Jul 2008

Page 4

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This newspaper page contains 4 articles. Subscribers can read the full text of each article.

Newspaper

The Chronicle Telegram

Location

Elyria, Ohio, United States of America

Date

Jul 17, 2008

Page

4

Crude oil sharply falls after NYMEX drop

Crude tumbles to 134.60 a barrel on the NYMEX after slipping to 132 earlier, erasing a two day slide of 10.58 and following a $6.44 drop on Tuesday. Prices remain about 80 percent higher than a year ago and 40 percent above the start of the year as volatility intensifies amid uncertain outlook.

MENTIONED IN THIS ARTICLE

New York Mercantile Exchange Priday aSes Dow Industrials Dow Transportation Dow Uniines Russet Witstore Wore Stf WA Amcorf intoSves UN Tennemee EnghiCap Psbmetdl Tactive Microsoft PwShs Intel Eon Ae Fannie Fannie Mae1 168961 9.25 +218 33.65 +99 | ETrade Bob Evn Nasd Nordson Nasd Nonthropg NY Oracle ParkHan Cig US Diebold Prushs&p Amex Prushqgq Amex Sherwin NY Smucker NY TimeWar NY US Banero NY WalMart Wamal Wells Fargo NY Can Sone TY Exch Lt Sweet Crude NYMX Ee Roy Mae New York CME Chicago Board of Trade NYBT New York Board American Funds Baia m Eurpacgra Mfb Fundminva Mlb Growamera m LG Incamera m MA Invcoama m LV Wamutinva m LV Nyventam Dodge & Cox IntiStk Fidelity Fidelity GrowCo Fidelity LowPriStk Vanguard CocaiaielTies
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Workers drain retirement piggy banks in hard times

The Center for American Progress reports 401(k) loans rose to 31 billion in 2004 from 6 billion in 1989. About 12 percent of 401(k) plan families borrowed between 1998 and 2004. A $5,000 loan can cut retirement savings by about 22 percent, even with repayment, amid rising financial pressures and easy access to 401(k) loans.

MENTIONED IN THIS ARTICLE

Center For American Progress Christian Weller Weller
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Airlines Post Major Losses Hit by Fuel Costs

Delta and American report second quarter losses exceeding one billion dollars each as fuel prices surge about 80 percent this year. Analysts predict higher fares and fees, reduced service, and ongoing industry turmoil as carriers struggle to cover fuel costs.

MENTIONED IN THIS ARTICLE

Melville N.Y American Delta David Stempler Airline Passengers Association Dan Kasper LECG Cambridge Mass Kasper Alan Bender Embry Riddle Aeronautical University Daytona Beach Fla Bender United JetBlue New York-to Florida Air Transport Association Congress Gerard Arpey
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California foil balloon ban deflated in state Senate

A plan to ban helium filled foil balloons faltered in the California Legislature as Sen. Jack Scott withdrew an outright ban and proposed a compromise to strengthen warnings and weights on such balloons. The proposal would raise penalties to 250 dollars per violation and call UC for a private study on alternatives to Mylar balloons.

MENTIONED IN THIS ARTICLE

Jack Scott Altadena Assembly Committee On Appropriations University of California
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Also Mentioned on This Page

Candice Choi Associated Press Rachel Hernandez Hernandez San Antonio Texas Southwest Airlines Hewitt Associates Hewitt Delta Airlines American Airlines Phoenix Sky Harbor International Phoenix Calif Conor Sanchez Los Angeles Times the Market IN Review Dany Dow Jones
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