Prime rate hits 14.4 percent as Chase Manhattan leads rise
Chase Manhattan Bank raised its prime lending rate a full point to 14.4 percent, the first major bank to do so, signaling further rate hikes amid Fed actions to curb money supply. Morgan Guaranty followed, pushing prime higher while stock markets fell. Treasury Secretary Miller defended the Fed moves to curb inflation and support the dollar.
MENTIONED IN THIS ARTICLE
New York
UPI
Chase Manhattan Bank
Federal Reserve Board
FED
Chase Manhattan
Morgan Guaranty Trust Co
Treasury
G. William Miller
American Bankers Association
Driver charged in death of candidate's daughter
Cleveland—George Horacek 19 of Seven Hills was charged with aggravated vehicular homicide in the death of Molly Voinovich 9, daughter of Lt Gov George V. Voinovich. Molly was struck while crossing Lake Shore Boulevard near Schenely Avenue on her way back to Oliver Hazard Perry Elementary School after lunch. Funeral set for 10 a.m. Thursday at Holy Cross Church Euclid. Campaigns paused as Voinovich and Mayor Kucinich suspend activities until further notice.
MENTIONED IN THIS ARTICLE
Cleveland
UPI
George Horacek
Seven Hills
Molly Voinovich
George V. Vainovich
Molly
Oliver Hazard Perry
Lake Shore Boulevard
Schenely Avenue
Euclid General Hospital
Audio Craft Co
Holy Cross Church
Euclid
Voinovich
Paul
George
Janet
Lorain students vent at board over five week teachers strike
Lorain High students packed the district board meeting accusing the administration of mismanaging the strike. They cited lost senior opportunities, absent ACT testing, and a curriculum failing to prepare for AP tests and college entrance requirements.
MENTIONED IN THIS ARTICLE
Lorain
Lorain High School
Jim Craig
Craig
Board of Education
Lorain High
North Olmsted board rejects NOEA resolution
North Olmsted Education Association presents a resolution threatening a strike over the teacher evaluation policy. Board president Patricia Bahas refuses to recognize the document, leaving the dispute unresolved while the union plans an executive session to map grievances for a further board presentation.
MENTIONED IN THIS ARTICLE
North Olmsted
North Olmsted Education Association
Tim Flannery
Patricia Bahas
NOEA
Snow Near Cleveland Forecasters Warn Late Week Snow Likely
National Weather Service at Hopkins predicts cold showery spell with possible snow on Cleveland's east side late this week though no accumulation is expected due to rapid melt. Nighttime lows expected in the 30s with a potential freeze as temperatures plunge.
MENTIONED IN THIS ARTICLE
National Weather Service
Hopkins
Cleveland
Gas lines dispute tempers fall supply outlook in Ohio
Energy analysts clash over whether Ohio may face a fall gasoline shortage. Los Angeles analyst Dan Lundberg warned of October shortfalls as government actions raise diesel and home heating fuel supplies, while Marathon Oil’s James Wilkins and Sohio spokesman Tom Libertis report ample inventories and record refinery runs.
MENTIONED IN THIS ARTICLE
Ohic
Buckeye
Dan Lundberg
Los Angeles
James Wilkins
Marathon Oil Co
Lundberg
Tom Libertis
Standard Oil Co
Ohio
Sohio
Also Mentioned on This Page
Chase
Dow Jones
John Gartner
Tom
Gartner
Springfield
Rose
Dennis J. Kucinich
Irving
Randy Lathwell
N. Olmsted
Judy Johnson
Flannery
Scpt AG
of the People
United Press International
Wilkins
Kuwait
Mexico
Canada
Transportation
Neil Gold Schmidt
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