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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Jul 23, 1990
Page
6
The RTC faces a $7 billion borrowing limit after Sept 30, with Congress possibly supplying another $50 billion for FY 1991. Analysts warn slow cleanup could worsen losses as 250 failed institutions remain under government control and more failures are expected. Election politics complicate funding.
The Amherst Lorain L K Motel linked to Travelodge expanding via Travelodge reservations system. The Lodge Keeper Group Inc. of Marion will retain ownership and staff. The move aims to boost local business and keep operations in Ohio Michigan and Indiana.
Wall Street fell Friday with the Dow Jones Industrial Average down 32.67 points to 2961.14, posting a weekly loss of 19.06. The dollar dipped versus major currencies except the yen and Canadian dollar. bonds rose slightly as commodity futures showed broad declines across beans and grains with mixed results in metals and livestock.
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