GOP pushes for investor tax cuts amid election jitters
House Republicans pressed two investor tax cut bills aimed at offsetting losses in retirements and stock portfolios as voters grow anxious about the economy. The measures would raise the capital losses deduction to 8,250 dollars from 3,000 and take effect in 2002, largely benefiting higher earners, with Democrats warning of potential market harm and favoring broader unemployment relief instead.
MENTIONED IN THIS ARTICLE
Washington
House
Senate
Congress
America
Bill Thomas
R-Calif
Ways and Means Committee
Tipeday
Bush
White House
Treasury Department
GOP
Warriac
Themnino
Daschle
Gerald Kleczka
D-Wis
Tokar Tower remodel to add condominiums in Elyria
IGT Enterprises Inc. president Jay Tokar advances a six week remodel of Tokar Tower at 124 Middle Ave Elyria turning floors six through nine into office condominiums while the 10th floor houses his office. The 15 story building formerly Premiere Bank and now Lorain National Bank will host five sold units and one reserved on the ninth floor. The project costs over 149000 dollars and includes updated elevators roof and brickwork. Mayor Grace lauds Tokar’s city investments as Elyria seeks downtown growth.
MENTIONED IN THIS ARTICLE
Elyria
Tokar
Middle Ave
Jay Tokar
IGT Enterprises Inc
Premiere Bank
Lorain National Bank
Aztec
Gas at home for natural gas vehicles eyed by FuelMaker Phill
FuelMaker Corp and Honda push home fueling for natural gas cars with a Phill unit installed in garages. The system aims to fill up to 220 miles per night, with initial price around $2000 and potential mass production lowering to about $1000. Government incentives and broader infrastructure are key to Civic GX sales growth.
MENTIONED IN THIS ARTICLE
Washington
FuelMaker Corp
American Honda Motor Co
FuelMaker
Robert Bienenfeld
American Honda
John Lyon
Honda
American Public Transportation Association
Bienenfeld
U.S
Phil
Real estate firm seeks growth with new Sheffield office
RE/MAX Homeward Bound Real Estate Inc owner John Fischer plans a November move to 5061 N Abbe Road Yorkshire Commons, aiming to grow from four to about 30 agents in two years. He touts consulting focus, flexible commission rates, and international company support with easier relocations for clients and staff.
MENTIONED IN THIS ARTICLE
Sheffield
John Fischer
RE/MAX Homeward Bound Real Estate Inc
Fischer
RE/MAX International Inc
RE/MAX
Germany
McDonalds
N. Abbe Road
Yorkshire Commons
Abbe Road
Hopes of end to port dispute lift stocks on wall street
Investors bought stocks after hopes the West Coast labor dispute would end, sending the Dow up 78.65 to 7501.49 and the Nasdaq to 1129.21. Analysts cited optimism the coast stoppage may be resolved, though earnings and Iraq tensions kept traders cautious. PepsiCo jumped 5.32 to 41.10, CVS rose 1.89 to 25.89, and GE gained 0.40 to 23.35 as earnings outlooks improved.
MENTIONED IN THIS ARTICLE
New York
Iraq
Barry Berman
Robert W Baird & Co
Milwaukee
Dow
Standard & Poor
Bush
Alan Acker- Man
Fahnestock & Co
Wall Street
PepsiCo
CVS
General Electric
Dollar gains as euro slips on EU budget tensions
The dollar rose against major rivals amid EU budget deficit bickering and U.S. intervention in West Coast trade disruptions. The euro traded at 97.80 cents, down from 96.27. The dollar held at 124.26 yen, while the British pound slipped to 1.5534 dollars from 1.5654.
MENTIONED IN THIS ARTICLE
New York
Dow Jones/AP
European Union
U.S
West Coast
AOR Samiv
Also Mentioned on This Page
Ampaign Mes
Martin Frost
Texas
Tom Daschle
D-S.d
Lorain County
Avon
Ohio
Bill Grace
Middle Avenue
Tokar Tower
Christina Jolie
Ollie
Chronicletelegram.com
CHELD
Aronicle
Laura Schneider
Chronicle-Telegram
Cleveland
Sandusky
Chroncietelegram
Thomson First Call
Ken Perkins
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