Stockmart surge boosts Reaganomics era optimism
Stock market jumped to a record high as the Dow soared 43.41 points to 1,065.49 amid late October gains. Auto makers posted higher sales, with a 7.9 percent rise in new car sales from a year earlier and a 3.2 percent monthly uptick. Economists say Democrats’ gains won’t derail Reaganomics, and lower rates could further lift demand. Analysts note the rally reflects expectations of falling interest rates and a gradual economic recovery, though some caution policy adjustments may be needed to tackle unemployment and recession.
MENTIONED IN THIS ARTICLE
Wall Street
New York Stock Exchange
House
Senate
Federal Reserve
Reagan
Jim Christian
United States League of Savings Associations
Republican Party
Sung Won Son
Northwestern National Bank
Minneapolis
Lorain County Sets Off Year Voter Record in Gubernatorial Election
The off year turnout in Lorain County reached 85,004 voters, about 58.2 percent of registered electors, unofficial results show. Board of Elections Director Jack Wolf noted the figure is 3.2 percent higher than 1978, while 69,000 voted in that year. A recheck will begin, expected to take five days, and officials reported smooth operation at election headquarters.
MENTIONED IN THIS ARTICLE
Lorain County
Jack Wolf
Board of Elections
Wolf
Election Headquarters
Celebrezze’s Son Jailed After Drugstore Break-In
Brian G. Celebrezze, 24, son of Ohio Supreme Court Chief Justice Frank D. Celebrezze, was jailed in Middleburg Heights on $5,000 bond after allegedly breaking into a Medic Discount Drugstore on Pearl Road with a crowbar. He faces felony charges of breaking and entering and grand theft and will be bound to a Cuyahoga County Grand Jury. Police linked him to other alleged thefts including $70 from Jonathan's Place and a $200 take from the drugstore.
MENTIONED IN THIS ARTICLE
Middleburg Heights
Ohio Supreme Court
Frank D. Celebrezze
Pearl and
Webster Roads
Brian G. Celebrezze
Cuyahoga County
William D. Wilkins
Celebrezze
Jonathan
Columbus
Frank Celebrezze
Winter Weather Outlook With Snow Flurries
The forecast calls for mostly clear skies tonight with a 40 percent chance of snow flurries and a low around 32 to 36. Winds shift west to northwest at 16 to 26 mph. Friday brings a 60 percent chance of wintry mix, including possible snow squalls, with highs near 33 to 37 and continued cold. Details on Page A 3.
Cleveland Doctor Refuses Names in Conspiracy Case
Dr. Leonard Faymore answered in a curt monotone when asked to identify those involved in a conspiracy against him. He stated I suspect everybody now and protested naming certain persons, but U S District Judge Ann Aldrich ordered him to identify them. Closing arguments were expected to begin that afternoon.
MENTIONED IN THIS ARTICLE
Cleveland
Leonard Faymore
Faymore
U.S
Ralph Cascarilla
Justice Department
Ann Aldrich
Faymore cites Dr Young as probe initiator
Faymore says a doctor he calls Dr Young, a surgeon at Lorain Community Hospital, started a two hour probe into his activities at Doctors Clinic. He claims the DEA raid in July 1980 prompted an official investigation by the Ohio Medical Board and the Ohio Pharmacy Board.
MENTIONED IN THIS ARTICLE
Faymore
Petting
Dr. Young
Lorain Community Hospital
Doctors Clinic
Young
Elyria
Lorain
Ward Young
Drug Enforcement Administration
Ohio Medical Board
Ohio Pharmacy Board
Indians hire Mike Ferraro as new Tribe manager
The Cleveland Indians held a press conference this afternoon to announce the hiring of New York Yankees coach Mike Ferraro as the team's new manager. Reports also claimed Cavaliers owner Ted Stepien was meeting Toronto businessmen about moving the Cavs to Canada next season, which he denied.
MENTIONED IN THIS ARTICLE
Cleveland Indians
New York Yankee
Mike Ferraro
Tribe
Cleveland
Cavaliers
Ted Stepien
Toronto
Cavs
Canada
Stepien
Edison rate hike sparks protests in Ohio
Ohio Edison won PUCO approval Wednesday for an $85.7 million rate increase, raising average residential bills about $4. Officials say the move does not fix the utility’s problems amid a $2.9 billion construction program tied to meeting federal clean air standards. Company debt and $250 million in annual interest add to the burden as projects proceed to satisfy standards. Page A-4.
MENTIONED IN THIS ARTICLE
Ohio Edison
Public Utilities Commission of Ohio
Consumers’ Counsel
Columbus
Susan Butler
PUCO
David Osterland
Weingartner Impresses Oberlin Campus In Presidency Visit
Rudolph H. Weingartner, Northwestern University dean, toured Oberlin College in a two day visit drawing praise from students and faculty. He demonstrated energy and sociability while discussing the presidency with about ten students at a lunch, as Tulane historian S Frederick Starr remains a competing candidate. The search committee plans a November 19 board recommendation after the vacancy since Emil Danenberg’s death on January 16.
MENTIONED IN THIS ARTICLE
Oberlin
Oberlin College
Rudolph H. Weingartner
College of Arts and Sciences
Northwestern University
Weingartner
S. Frederick Starr
Tulane University
James Powell
Eleanor
Conservatory
Heidelberg
Germany
Georg Simmel
Emil Danenberg
Also Mentioned on This Page
Stockmart
al Yi Eas
Bere N Nom
Brian Celebrezze
Middleburg
Grand Jury
Ces Accent
Brian Cupp
Steve Smith
T.J. Tatters
Ringling Brothers
Barnum
Bailey Circus
Richfield Coliseum
Brian
Judy Cupp
Junction Road
Dave Zapotosky
Karen Balmer
C-T
C-T Sports
Edison
Amy Richards
Martin Wolk
Kevin Simpson
College
Simpson
Grant Mellor
Mellor
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