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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Jul 20, 1982
Page
1
Auto dealer Jack E. Lance plans a fall groundbreaking for a $1 million one story condominium office complex at 160 Cleveland Street near Earl J. Lance Buick. The six 2,600 square foot units will sell for 169000 each and require half the units sold before construction begins.
James R. Shinn pleaded guilty to possession and transportation of stolen books across state lines in Philadelphia. A judge denied suppression of Ohio evidence tied to an Oberlin College Library theft in 1981. Shinn allegedly stole about $500,000 in rare books from libraries nationwide and faces extradition to Ohio California and Illinois. Three Oberlin residents were subpoenaed to testify.
Two explosions in central London attributed to the IRA killed at least six people and wounded up to 46. One blast struck the Royal Horse Guards in Hyde Park as they headed to the Changing of the Guard, killing two troopers and several horses. A second blast hit a lakeside bandstand in Regent's Park during a Royal Green Jackets concert, with four to six dead reported. Police later corrected initial reports of a third blast. The IRA claimed responsibility in a BBC call from Belfast, citing self determination and referencing Thatcher.
Fed Chair Paul Volcker told Congress the central bank will keep money growth targets unchanged through 1983, with reaffirmed ranges for M1 M2 and M3. He cited the aim to boost production and employment while letting purchasing power stabilize. The Fed also cut the discount rate from 12 to 11.5 percent, signaling a move toward lower rates for consumers.
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