Home mortgage rates edge toward 11 percent amid rising property values
Mortgage rates already average around 10 percent and may hit 11 percent in some areas as early as today. Property values climb 10 to 15 percent yearly, prompting homeowners to accept higher rates to profit from selling old homes. Experts predict further hikes, with banks possibly raising prime rates to 12 percent and mortgage rates reaching 11 percent nationwide.
MENTIONED IN THIS ARTICLE
Ing
Alan Rothenberg
Citizens Savings and Loan Association
San Francisco
Chicago
Carter
Federal Reserve
Stuart Davis
United States League of Savings Associations
Davis
Dallas
California
New York
Elyria bus woes spark talks on timetable fixes
Freeney backs St Vincent parents in pressing for route revisions as Elyria schools face scattered start times and shifting private and public transport needs. Knight notes six bus zones and central Northwood hub reforms while fearing limited funds and ongoing talk, with a Friday meeting promised as a solution.
MENTIONED IN THIS ARTICLE
Elyria
Freeney
St. Vincent
Knight
Sweeney
Northwood Junior High
Northwood
Police Bid Farewell to Vermilion Officer Smolka
Lorain mourns as officers carry the casket of Francis Smolka, 24, from Dombrowski Funeral Home. Smolka collapsed Sunday morning after assisting in a struggle with a suspect during an arrest, joining two other officers in the incident.
MENTIONED IN THIS ARTICLE
Las Vegas
Nev
UPI
FBI
Francis Smolka
Dombrowski
Lorain
Smalka
C-T
Mystery Saudi princess portrait shrouded in cloak of rumor
Cleveland artist Lynn Kaye painted a mysterious Saudi princess known as Madame C J while King Khalid recovered at the Cleveland Clinic. An entourage of more than 200 stayed a month. details of the princess and her husband, allegedly wealthier than the king and serving as the ambassador, remain unclear.
MENTIONED IN THIS ARTICLE
Lynn Kaye
King Khalid
Ms. Kaye
Cleveland
UPI
Madame O.J
Saudi Arabia
Khalid
Cleveland Clinic
Madame C.J
Ms. Kay
Bob Wright
Wright
Roundwood Manor
Posh
Hunting Valley
Pricess
Mr. O.J
Cuyahoga freighter collision testimony questions action
Albernardo Albornoz, captain of the Santa Cruz II, testified that the freighter’s engines were not stopped until 10 to 15 seconds before the Oct 20 collision with the Coast Guard cutter Cuyahoga. He said the ships could have avoided the crash if the Cuyahoga had altered course and noted he did not use radio to contact the cutter.
MENTIONED IN THIS ARTICLE
Jerome P. Flanagan
Boston
Flanagan
Albornoz
Carter pressed to rally labor behind voluntary plan
President Carter urged hundreds of labor leaders to publicly back his voluntary anti inflation program and reject AFL CIO chief George Meany's call for mandatory wage price controls. Treasury Secretary Blumenthal and Sen Javits offered opposing views while Ralph Nader warned against blanket controls yet suggested stop gap measures.
MENTIONED IN THIS ARTICLE
Washington
Tipt
Carter
Afl-Cio
George Meany
St. Louis
Meany
Congress
Ralph Nader
Ohio Tax Reform Push and Cleveland Desegregation Notes
Ohio groups press to gather 110000 signatures by December 20 for a tax reform bill to cut homeowner taxes by 150 million dollars a year while raising taxes on big business and the wealthy. In Cleveland, Dr. Charles Leftwich defends his departure from desegregation planning, promising no slowdown, and a court plan reshapes desegregation goals for the city’s 101000 students.
MENTIONED IN THIS ARTICLE
Columbus
UPI
Ohio Public Interest Campaign
OPIC
113Th
Ohio General Assembly
Cleveland
Cleveland Public Schools
Charles Leftwich
Leftwich
Boston
U S. District Court
Frank J. Battisti
Battisti
Parking in downtown Cleveland proves hard for short stops
A UPI report notes a government study from the Northeast Ohio Areawide Coordinating Agency confirms difficulty locating convenient downtown parking for brief stays. The 1950s benchmark is the last comprehensive Cleveland parking survey, and the study finds many motorists park illegally due to scarce legal short term spaces.
MENTIONED IN THIS ARTICLE
Cleveland
UPI
Northeast
Ohio Teacher of the Year 1979 named in Columbus
John Dauria of Brecksville Heights City School System in Cuyahoga County, a 16 year veteran, is named Ohio Teacher of the Year for 1979. He teaches sixth grade mathematics and science at Highland Drive Elementary School in Columbus.
MENTIONED IN THIS ARTICLE
Columbus
John Dauria
Brecksville Heights
Cuyahoga County
Ohio
Dauria
Highland Drive
Polsky's to close Akron and Canton stores
Polsky's two Akron and two Canton department stores will close at year end ending a 93 year run and leaving 500 workers without jobs. The downtown Akron building will be purchased by Edward J DeBartolo Corp for potential redevelopment though no plans are set. The four Polsky's stores posted about 19 million in sales last year.
MENTIONED IN THIS ARTICLE
Knight
Elyria Catholic
Elyria Board of Education
Akron
UPI
Polsky
Canton
M. O'Neil
May Department Stores Co
St. Louis
Polsky's
Allied Stores Corp
New York
Edward J. DeBartolo Corp
DeBartolo
Also Mentioned on This Page
A-6
Chronicle-Telegram
Elyria, O
Thurs
United Press International
Brook Randolph Reynolds
Nevada
June Horch
First National Bank
Herb Horch
James Powers
Horch
Boulevard
Las Vegas “Strip
Lake Ridge Academy
the Christian Academy
Church of the Open Door
St. John's Lutheran
St. Vincent’s
St. Jude's
First Baptist
St. Mary’s
Bob
Cuyahoga
Labor
Treasury
Michael Blumenthal
House
Jacob Javits
R-N.y
Ohio News
CWRU
Case Western Reserve University
Firestone
Firestone Tire & Rubber Co
Cleveland Plain Dealer
Grand
Jaffee
Arthur J. Jaffe
Cleveland Heights
Charles S. Hirsh
Polsky’s
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