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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Sep 02, 1996
Page
3
A reader asks about putting money for children’s college in their names. Bruce explains risks of naming a child, suggests a family education trust with restricted use, and notes legal costs but potential protection and growth for education goals. He also answers about rental living vs ownership for retirees considering condos or townhouses.
Send questions to Smart Money at P O Box 503 Elfers Florida 34660 or by email to bethlilgte com. General interest questions will appear in future columns while personal replies cannot be provided due to high volume.
The Toledo Blade reports most companies with city tax breaks under the Enterprise Zone failed to create promised jobs or complied on time. Records show 55 percent fell short, with monitoring weak and annual payroll checks scarce, while critics urge tighter enforcement.
Lorain County new car and light truck sales rose 13.4 percent in the second quarter from 1995, reaching 5,311 units. Gary Adams of the Greater Cleveland Auto mobile Dealers Association cites rising personal income and employment, steady prices, and affordable payments as factors behind the uptick.
A candidate's night will be held at 6 p m Thursday at the United Auto Workers Hall on Lowell Street. The event is sponsored by the Lorain County AFL/CIO Federation of Labor the Labor Council for Latin American Advancement and the Lorain UAW Hispanic Council.
The Cascade Chapter of the Professional Secretaries International will meet Wednesday at 6 p.m. at the YWCA at 318 West Ave. After-dinner speaker Peggy Havanis of the U.S. Postal Service. For information and reservations call 323 4119.
A Cuyahoga County judge paused a class action by Blue Cross policyholders to await state review of the 299.5 million Blue Cross Col umbia HCA takeover. Plaintiffs sought independent value and a possible conversion to for profit with a policyholder stake. Blue Cross argued parallel review would hinder regulators. Policyholders approved the proxy takeover last month.
Michelin, based in Clermont Ferrand, tests a green Tonus radial in France, Italy and Germany over six months with sales possible next year. The color replaces carbon black with silica, preserving performance. Target is urban young drivers for small and mid sized cars. pricing and branding decisions await.
Local telephone companies press the FCC to end or raise the on line subsidy arguing Internet users overtax phone networks. Bell Atlantic Pac Bell NYNEX and U S West cite studies showing ISPs pay only a fraction of long distance rates while Internet traffic uses similar capacity. ISPs warn bigger charges could force many out of business.
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