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The Chronicle Telegram in Elyria, Ohio

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This newspaper page contains 7 articles. Subscribers can read the full text of each article.

Newspaper

The Chronicle Telegram

Location

Elyria, Ohio, United States of America

Date

Jun 23, 1980

Page

9

Summit leaders vow to keep anti inflation drive amid job fears

Venice reports seven leading democracies will uphold tough anti inflation measures despite rising unemployment and social strain. Draft communique calls for restrained government spending, higher taxes, and monetary tightening to curb oil driven inflation and foster private investment while shifting resources from declining to growing industries. An oil crisis spotlight may spur new energy and oil import limits and future talks with oil producers and developing nations.

Venice Italy UPI United States Britain

How to borrow on pension rights

The piece explains loans against vested pension or profit sharing plans. Participants can borrow up to their vested amount for emergencies or major purchases, with interest rates about a point above the prime. IRS approval and plan rules limit use, maturity to 10 years, and tax treatment. Bert Kaempfert dies at Majorca home after a stroke. his career included Strangers in the Night and Wonderland by Night.

New York UPI Steven H. Adler Adler Internal Revenue Service Pension Plan Pension Plan Commissioners Bert Kaempfert Majorca Kaempfert Hamburg Frank Sinatra

Cylinders aid production at Honeywell Arlington Heights plant

Transparent cylinders form part of a hexagonal sub assembly station at Honeywell Commercial Construction Division in Arlington Heights. The unit, designed by company engineers for speed and ease of production, shows Sophie Nazar assembling diaphragm products used in heating, ventilating and air conditioning systems for commercial buildings.

Honeywell Commercial Construction Division Arlington Heights Sophie Nazar UPI

Willoughby eyes rebuilding gas plant after blast

Willoughby officials vow tight oversight of Propane Industrial Service Inc rebuild plans after Thursday blast at a truck dock ignited 2,000 pressurized propane tanks. Three hospitalized, 400 evacuated from homes and workplaces as flames spread across the facility.

Willoughby UPI Eric Knudson Propane Industrial Service Inc

Department store success still based on personal relations

John D. Rich, president of Fry Consultants, warns urban department stores face a dim future in America due to market pressures in the 1980s. He cites erosion from discounters, poor service, slow profit turn, and overextended chains as factors, urging stores to stay local, expand lines, and innovate to survive the Distribution Decade.

New York UPI America John D. Rich Atlanta Rich Fry Consultants, Inc Grandma Carter-Hawley-Hale Dayton Hudson TRE

Economic lending rates ease after spring peak

The prime lending rate kept slipping from its early spring high of 20 percent. Morgan Guaranty Trust in New York lowered its nominal blue chip loan rate from 12 to 11 percent, while Southwest Bank of St. Louis reduced its rate to St. Louis area borrowers.

New York Recording Industry Association of America RIAA Morgan Guaranty Trust Southwest Bank of St. Louis

Pease to Host By-Appointment Listening Session in Medina

U S Representative Don J. Pease plans a listening session in Medina on July 3 from 1 30 to 3 30 p m. The event will be held in his Medina Congressional office in the county administration building 144 N Broadway appointments may be made by calling the Medina office on Tuesdays or the Lorain County office during normal hours

Medina U.S Don J. Pease Oberlin N. Broadway Lorain County

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