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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
May 25, 1978
Page
3
The Income Maintenance Experiment in Seattle and Denver found guaranteed welfare income raised divorce rates. Project director Joe Bell warned policies may not improve family stability and questioned government focus on family stability in welfare. Preliminary results discuss cost and work motivation under full income maintenance.
Giscard urged revamping global disarmament forums and a satellite monitoring agency to ensure treaty compliance. He called for a Europe focused disarmament forum and planned to submit a detailed proposal outlining goals and procedures. The plan targets stronger UN links and a concrete monitoring mechanism.
A pilot killed a woman hijacker during a helicopter escape at 600 feet then fled the craft and ran toward a prison administration building. FBI took over the case while prison authorities kept the convicts' identities confidential.
Former UAW Local 425 president C W Clark will return to the executive board after winning the run off for first vice president 1636 to 988 over William E Hughey. DON MARLOW beat Lee Davis for second vice president 1278 to 1048. Trustees are Larry Boyce Walt Konshinsky and Sal Pellittieri with Felix A Bermudez named guide after 1219 to 1065 over Kevin Burk. Ballots 2735. Three year terms start June 11 under Pete Pavlich administration.
Atlantic City poised for the nations first outside Nevada hotel casino. The Casino Control Commission met in Trenton as Resorts International nears a Friday opening with 1,200 slots and $2 tables. Gov Byrne to cut ribbon. Steve Lawrence and Hyde Grove to headline a preview show.
The dollar opened lower on most European money markets with gold prices mixed. Gold held in London at 180.1250, slipped 0.50 to 179.3750 in Zurich, while Sterling remained steady at 1.8125 in London and fell to 3.56365 Swiss francs in Zurich from the previous close of 3.5675.
Ohio Edison customers will see a new line labeled Deferred Fuel Charges on bills as six monthly charges raise fuel costs from the coal strike. PUCO required utilities to buy out-of-state power, with Edison deferring part of fuel expense and spreading it over six months. A typical residential usage of 750 kWh monthly in March and April will pay under 1.30 dollars per month through mid November.
The FTC voted 4-0 to end state bans on advertising eye examinations and glasses, enabling consumers to shop for optometrists and opticians. The agency will also require eye doctors to provide prescriptions on request, hoping to lower costs for eyeglasses and exams. Strong entities include the FTC, American Optometric Association, ophthalmologists, optometrists, and opticians across several states.
AAA reports Memorial Day 1978 prices across 3000 stations show regular at 63.2 cents a gallon, unleaded at 66.9, and premium 68.9, with diesel at 57.5. Regional variation places the lowest in the southwest and the highest in the west. Ohio’s averages are 61.5 regular, 64.9 unleaded, and 67.7 premium.
New York AP report notes a subdued Dow Jones start down 0.26 at 637.66 after 30 minutes. Market breadth is even, with advancers and decliners nearly balanced amid anxiety over rising inflation and rates. Ohio farm and grain prices also reported.
The House approved a 37.9 billion military procurement bill on a 319 to 67 vote sending it to the Senate. The measure adds funding for two major warships not requested by the administration and trims nearly 1 billion from the Navy's eighth Trident submarine project. An exception passed to cut 8.1 million for an executive jet for the Marine Corps commandant.
The Justice Department filed suits in federal district courts charging Volkswagen of America Inc and 15 VW dealers in 11 states with 20 automobiles having improperly modified control systems. Civil penalties of 10,000 each are sought. Parma Motors of Parma, Ohio is named among defendants.
Ohio cash grain prices by region after market close show Northeast prices for No 2 wheat 2.49, corn 2.26, oats 1.52, soybeans 6.84. Northwest No 2 wheat 2.59, corn 2.37, oats 1.45, soybeans 6.91. Central No 2 wheat 3.06, corn 2.41, oats 1.60, soybeans 6.90. Trend indicates wheat down, corn flat, oats flat, soybeans down.
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