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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Mar 02, 1980
Page
3
Elyria experts and parents weigh whether kids should join funeral rites. Funeral directors urge honest guidance and personal assessment. child psychiatrists caution against young children attending. Opinions vary on age limits and the potential therapeutic value for grieving families.
U S dollar strengthens abroad after U S banks raise prime lending rates to 16 44 percent and inflation concerns persist. Officials say stable dollar aids consumers by limiting oil price rises and imported inflation, while experts warn gains may fade if inflation remains high.
Earl Edwin Austin, on the FBI 10 Most Wanted list, was arrested without incident as he left his Tucson apartment. He had targeted banks in Florida, Alabama, and Kentucky, netting over $270,000 by impersonating a FDIC investigator. Officers seized about $18,000 and he faced no chance to fire a weapon.
Washington analysts say 12 percent mortgage rates will be seen as a bargain as housing prices rise. Fannie Mae projects 1.5 million housing starts in 1980 and 1.99 million in 1981 with condos and townhouses growing in prominence. Ownership in multi family sectors expands while non subsidized rental housing remains weak. Net household formations are seen averaging 1.7 million annually over five years amid a mild 1980 recession.
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