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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Jun 11, 2013
Page
4
S&P upgrades the U.S. debt outlook from Negative to Stable citing Fed policy and tax increases. Stocks mostly grind along with Dow and S&P 500 flirting with small gains while Booz Allen Hamilton slides on a leakage claim.
President Obama nominated Jason Furman to chair the White House Council of Economic Advisers. If confirmed, the 42 year old would replace Alan Krueger at Princeton and bring his long policy experience from the Clinton era through the current recovery.
The IEA reports world energy related carbon dioxide emissions rose 1.4 percent in 2012 to a record 31.6 billion tons. China led growth with 300 million tons, while the U.S. and Europe posted declines due to fuel mix shifts and efficiency. The energy sector remains two thirds of greenhouse gas output.
Apple outlines a major iOS 7 overhaul reshaping all apps with a clean translucent look led by Jony Ive. The update targets iPhone iPad and iPod Touch devices this fall as rivals push new designs amid slowed growth and stock volatility.
Microsoft touts cloud computing to boost immersion for its upcoming Xbox One during its E3 presentation in Los Angeles. Phil Harrison says the platform’s features enable developers to push creativity, as the system requires online connectivity.
Ohio drivers face gas prices near four dollars per gallon as state average rises to 3.92 from AAA IOI Wright Express data. The increase of nine cents from last week exceeds the national average by about 25 cents, with prices up 32 cents from a month ago and 33 cents from last year. Analysts attribute the rise to higher oil prices and refinery concerns in the Great Lakes region. In corporate news, J M Smucker Co nominates Robert B Heisler Jr to its board due to his investment management and public company experience.
Two copies of the tax budget are on file for inspection in Room 217 of the College Center Building. A public hearing is set for June 25 2013 at 9:00 a.m. in Room CC 228. The Board of Trustees will consider adoption at the June 27 2013 meeting at 3:00 p.m. Quentin D Potter Treasurer.
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