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The Chronicle Telegram in Elyria, Ohio

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This newspaper page contains 9 articles. Subscribers can read the full text of each article.

Newspaper

The Chronicle Telegram

Location

Elyria, Ohio, United States of America

Date

Jun 24, 1982

Page

1

LCCC unveils $54 million High Tech Center plan

Lorain County Community College President Omar Olson revealed plans for a $54 million High Technology Training Center to be built at LCCC. The center will train workers in robotics, automation, and computer aided manufacturing to boost northern Ohio industries and foster regional growth. It aims to serve Cleveland, Toledo, Mansfield, Akron Canton and Youngstown with mobile staff programs and eight focus areas.

Lorain County Community College LCCC Omar Olson Olson Omo Ohio Cleveland Toledo Mansfield Akron-Canton Youngstown Lerai County

Lorain attorneys seek fees in $20 million supermarket case

Lorain County lawyers Rob ert Gary and Katherine Walsh seek fees totaling $568000 in the Cleveland federal court. The six attorneys on the winning side request more than $4 million, with lead plaintiffs Schulman brothers asking $2.4 million and Lancione and Traci seeking $1.2 million. The $2.65 million in the settlement funds plaintiff attorneys fees and expenses, not drawn from the $20 million in scrip distributed this September. Gary notes the multiplier allows boosting requests. hourly rates cited range from $100 to $373.57. The suit arose from no contest pleas by supermarkets and four executives to criminal price fixing.

Amy Richards Lorain County Robert Gary Katherine Walsh U.S. District Court Cleveland Gary Jack Schulman Howard John Lancione Donald Traci Fazio’s Greater Lambros

Surprise Elyria tax take up noted in local report

Elyria's income tax receipts edge up while Lorain's fall. Year to date total stands at 2,667,620 versus 2,665,866 in 1981. Mayor Michael Keys cites steady receipts with monthly fluctuations and a May to June shift including a 144,619 regional tax refund after an annual audit.

Lorain Elyria Michael Keys Regional Income Tax Agency

Sullivan group calls for school chief Homer B. Smith resignation

A Sullivan area petition urges Medina County schools superintendent Homer B. Smith to resign. The drive claims 150 township signatures at a special county board meeting. Smith criticized Sullivan area voters after two defeats of a 7.8 mill levy and cites austerity plans for 1982-83 including cutting varsity football at Black River Eagle School.

Spencer Homer B. Smith Medina County Smith Sullivan Black River Ashland Black River Eagle School

Credit health of big banks questioned by Veribanc study

A Veribanc study of 100 banks and savings institutions suggests over half of the 50 top commercial banks and more than a third of the largest S&Ls fail to meet FDIC equity requirements. It warns 12 S&Ls could be insolvent within two years, eight by year end 1983, based on 1981 financials from 18 000 insured institutions.

Federal Deposit Insurance Corp S&ls Benke Sala FDIC Veribanc Federal Reserve Comptroller of Currency

Israelis Fire On Beirut While Evacuation Moves In

Israeli jets downed two Syrian planes and forces closed the Beirut Damascus highway as Israeli commandos blockaded West Beirut. A U S Navy transport evacuated 400 Americans from a port north of Beirut while the U S Embassy and other Western missions shut down. Prime Minister Begin faced a cabinet split over invading Beirut with no final decision after a four hour meeting. About 6 000 PLO guerrillas were believed in West Beirut as Israeli troops and Lebanese Christian forces surrounded the area.

Beirut- Damascus Beirut U.S West Beirut Palestine Liberation Organization Menachem Begin Lebanon PLO

Weather outlook for tonight and Friday

Outside Partly cloudy tonight and Friday with a low near 60 and highs Friday in the mid 70s. Chance of precipitation 10 percent tonight and 20 percent Friday. Winds southwest 10 to 15 mph this afternoon and tonight. Details on Page A-3.

Continental Sells Four Cleveland Area Branches

Continental Federal Savings and Loan announced the sale of four branches including Wellington and Medina to Strongs ville Savings & Loan Association and two Columbus area offices to Home State Savings Association of Cincinnati. The sale aims to reduce expenses amid tough times while preserving all 14 employees.

Cleveland Nati Continental Carol Shantz

Savings and Loans See Smallest May Deposit Decline

The Federal Home Loan Bank Board reports May deposits shrinkage at $279 million, the smallest in four months, as S&Ls continue to lose funds. April saw $52 billion more withdrawn than deposited, and overall net worth fell to $247 billion, continuing a trend since January 1981.

Washington UPI Savings and Loans Federal Home Loan Bank Board

Also Mentioned on This Page

Lady & Lee Phil Hicks ORIO Mike Marie Yarosh Penfield Township Yarosh Lee Mrs. Walsh Debbie Courtright C-T Keys Ford U.S. Steel Sullivan Group Ameritrust S&lls Coburn Mass Alexandria Federal Revenue System Bank of America New York United Press International Beirut-Damascus Bhamdoun Wellington S&l
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