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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Nov 22, 1978
Page
12
Louis Ruthkeyser offers a satirical Thanksgiving menu lampooning 1978 US economics. Dishes target inflation, deficits, Wall Street, policy blame, and White House advisers, with barbs aimed at Carter era economics and forecast follies.
The CleveTrust quarterly review cites Noel McBride forecasting a bumpy road for new car sales in 1979 due to slowing employment growth and rising consumer debt. Long term, manufacturing jobs in the lower Great Lakes may remain, with automakers adding thousands of jobs as plants modernize. GM, Ford, Chrysler expansions boost regional hiring despite near-term weak demand.
Fiat Motors of North America plans the Strada as a new econo car entry for the U S market arriving in February. It features a 1.5 liter overhead camshaft engine and a standard five speed transmission.
Directors of Funtime Inc owners of Geauga Lake Park in Aurora announce year end Oct 31 earnings of 1.3 million 1.38 a share with 10.3 million in revenue and gross up 16 percent from 1977. increase driven by attendance gains from two new loop coasters and 1.35 million planned for 1979 capital improvements. Also NAAC Vermilion chapter to meet Nov 26 at McGarvey s with Tom Stratton of Barclay Associates speaking on pension programs.
The New York market opened weak with the Dow edging down 1.04 to 803.01 in early trading as gains and losses balanced. Sears rose to 20.44, Texas Gulf fell to 19, and AT&T climbed to 61. Air and gold issues showed mixed moves while futures and foreign exchange remained subdued.
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