Hrs. 6 a.m.-7:30 p.m.
1122 Elida AvenueDelphos, OH 45833419-695-0660
2 – The Herald Friday, August 12, 2011
For The Record
ODAY IN HISTORY
Vol. 142 No. 51
Nancy Spencer, editorRay Geary, general managerDelphos Herald, Inc.Don Hemple,advertising manager
,circulation managerThe Daily Herald (USPS 15258000) is published daily exceptSundays and Holidays.By carrier in Delphos andarea towns, or by rural motorroute where available $2.09 perweek. By mail in Allen, VanWert, or Putnam County, $105per year. Outside these counties$119 per year.Entered in the post officein Delphos, Ohio 45833 asPeriodicals, postage paid atDelphos, Ohio.No mail subscriptions will beaccepted in towns or villageswhere The Daily Herald papercarriers or motor routes providedaily home delivery for $2.09per week.405 North Main St.TELEPHONE 695-0015Office Hours8 a.m.-5 p.m. Mon.-Fri.POSTMASTER:Send address changesto THE DAILY HERALD,405 N. Main St.Delphos, Ohio 45833
Corn: $7.33Wheat: $6.86Beans: $13.27
March 19, 1922Aug. 10, 2011
Justin J. Wannemacher,89, of Ottoville, died at 5:40p.m. Wednesday at Sarah JaneLiving Center.He was born March 19,1922, in Putnam County toJoseph and Sabina (Herman)Wannemacher.On April 23, 1949, he mar-ried Alice Wittler, who diedJuly 28, 2001.Survivors include threesons, Ron (Ann) Wannemacherof Carlisle, Ark., Gary (Candy)Wannemacher of Waterloo,Iowa, and Mark (Sue)Wannemacher of Delphos;four daughters, KarenWiechart and Irene (Thomas)Hesseling of Delphos, Mary(Steve) Ricker of Ottovilleand Vicky (Donald) Maag of Fort Jennings; a sister, Marie(Richard) Maas of Ottawa;two sisters-in-law, BettyWannemacher of Ottawa andSilvia Horstman of Ottoville;a brother-in-law, VernonSchroeder; and 21 grandchil-dren and 27 great-grandchil-dren.He was also precededin death by a son, LarryWannemacher; a son-in-law, Phillip Wiechart; twobrothers, Carl and RomanWannemacher; and a sister,Dolly Schroeder.Mr. Wannemacher retiredfrom Chrysler in Van Wertas an electrician and workedat Superior Coach for manyyears. He served in the U.S.Army during World WarII. He was a member of Immaculate ConceptionCatholic Church in Ottoville,the Fort Jennings AmericanLegion and Ottoville VFW.He always loved playing agood game of euchre, the win-ning score always in his favor— one way or the other.Mass of Christian Burialwill begin at 10:30 a.m.Saturday at ImmaculateConception Church, theRev. John Stites officiating.Burial will be in St. JosephCemetery, Fort Jennings, withmilitary graveside rites by theOttoville VFW.Friends may call from2-8 p.m. today at Harter andSchier Funeral Home.Preferred memorials are tothe family.High temperature Thursdayin Delphos was 77 degrees,low was 51. High a year agowas 86, low was 69. Recordhigh for today is 99, set in1918. Record low is 45, setin 1967.
WEATHER FORECASTTri-countyAssociated PressTONIGHT
: Mostly clearin the evening then becom-ing partly cloudy. Lows inthe upper 50s. South windsaround 5 mph.
: Mostlycloudy with a chance of show-ers and a slight chance of a thunderstorm. Highs in theupper 70s. South winds 5 to10 mph. Chance of measur-able rain 50 percent.
EXTENDED FORECASTSATURDAY NIGHT
:Showers likely and chance of thunderstorms in the evening.Then showers likely aftermidnight. Lows in the mid60s. Southeast winds around5 mph. Chance of rain 60percent.
: Mostly cloudywith a 50 percent chance of showers. Highs In the mid 70s.North winds 5 to 15 mph.
: Partlycloudy. Lows in the lower60s.
: Mostly clear. Highsin the lower 80s. Lows around60.
: Partly cloudy.Highs in the mid 80s. Lows inthe lower 60s.CLEVELAND (AP) —These Ohio lotteries weredrawn Thursday:
Estimated jackpot: $16million
Pick 3 Evening
Pick 4 Evening
Estimated jackpot: $20million
Rolling Cash 5
Ten OH Evening
07-21-22-24-25-28-33-34-36-38-39-41-42-46-48-55-58-72-73-79At 7 a.m. on Thursday,Delphos police were called tothe 700 block of West SecondStreet in reference to a theftcomplaint.Upon officers’ arrival, thevictim stated that in the overnight hours, someone took ametal ladder that was on theexterior of the residence.
By JOE McDONALDAP Business Writer
BEIJING — China’s infat-uation with high-speed railsoured at bullet train velocity.Six months ago, the railnetwork was a success sym-bol and the basis of a plannedhigh-tech export industry. Butafter a July crash that killed40 people, Beijing has sus-pended new construction andis recalling problem-plaguedtrains, raising questions aboutthe future of such prestigeprojects.It was an extraordinaryreversal for a project that onceenjoyed political status on alevel with China’s mannedspace program.High-speed rail has been,along with nuclear power,among an array of areas wherecritics warn that breakneck,government-driven develop-ment might be jeopardizingpublic safety and adding tofinancial risks.In nuclear power, Beijingsaid earlier this year that itwould press ahead with itsrapid expansion of China’sindustry despite Japan’sFukushima disaster.But with bullet trains, theJuly 23 collision combinedwith experts’ warnings aboutcosts and dangers to persuadeBeijing to take the rare step of scaling back a major project— a move that might haverepercussions in other fieldsand could affect the appeal of Chinese technology abroad.“If they are taking one stepback to think again about theserailway programs, more broad-ly it should have an impact ontheir overall planning of suchprojects,” said Xianfang Ren,chief China economist for IHSGlobal Insight.Policymakers are decidingChina needs to “rectify theexcesses” of its system andslow an unsustainably fastexpansion, Ren said in a report.“It is quite clear now that step-ping on the brake is the onlyviable policy option.”The train disaster hasbeen a high-profile illustra-tion of the weaknesses of government-led development,though no one expects theruling Communist Party tochange what many see as theroot problem — its pervasiverole in the economy, technol-ogy and industry.In economics, the rulingparty has traded most ele-ments of central planning formarket-style reforms. Butin science, it still sees directgovernment involvement asessential to achieving its goalof transforming China from anation of farmers and factoryworkers into a prosperous cre-ator of technology.The government has issueddevelopment plans for fieldsfrom clean energy to comput-ers and has promised moneyfor research and other sup-port.
By PAMELA SAMPSONAP Business Writer
BANGKOK — Asianstock markets struggled tofind their footing today,giving back morning gainsdespite a dramatically higherfinish on Wall Street prompt-ed by a slight drop in U.S.unemployment claims.Global markets have fluc-tuated wildly this week assigns the U.S. might be head-ed toward recession rattledinvestors already unnervedby Europe’s worsening debtcrisis.Oil prices fell below $85a barrel as investors tried tomake sense of a week of wild gyrations in the equityand commodities markets.The dollar weakened againstthe yen and rose against theeuro.Hong Kong’s Hang Sengrose 1.1 percent to 19,812.02.Australia’s S&P/ASX 200gained 1.1 percent to 4,186.40,while benchmarks in NewZealand, the Philippines andmainland China also rose.But Japan’s Nikkei 225stock average was lower bymidday — down 0.3 percentto 8,954.87, after spendingthe morning in positive ter-ritory. A stronger yen, whichreduces the value of profitsearned overseas, pummeledexport shares.Video game giant NintendoCo. sank 5 percent. ToyotaMotor Corp. lost 1.7 percent,and consumer electronicsmaker Panasonic Corp. sank1.1 percent.Also reversing course atmidday was South Korea’sKospi, down by 0.2 percentto 1,814.60. Benchmarks inTaiwan and Malaysia werealso down.“It’s a very volatile mar-ket and everyone is reactingto every bit of news. Theguy who is trying to pick thebottom is still very much atrisk here,” said Tom Kaanof Louis Capital Markets inHong Kong.“Into the next one, twoor three months, we are notgoing to see much of a rally,”Kaan said. “People will wantto take what’s on the tableand sit on the sidelines.”On Thursday, the DowJones industrial average shothigher following news thatthe U.S. job market mighthave gotten a little better. TheLabor Department reportedthat the number of peopleapplying for unemploymentbenefits fell below 400,000last week for the first timesince April.That was enough to cata-pult Wall Street to one of itsbiggest points gains of alltime. The Dow finished at11,143.31, up 423.37 points,or about 4 percent. It hadalready fallen 634 pointsMonday, risen 429 Tuesdayand fallen 519 Wednesday.Never before has the Dowhad four 400-point swings ina row.The S&P 500 finished up4.6 percent and the Nasdaqcomposite index climbed 4.7percent.“Buyers moved into themarket to snap up beaten-down blue chips and a stron-ger-than-expected unemploy-ment claims figure eased someconcern about the slowingeconomy,” said Ben Potter,strategist at IG Markets inMelbourne.Markets also were soothedafter France, Italy, Spain andBelgium jointly banned short-selling on select stocks. Thepractice, while legitimate, hasbeen blamed for contributingto market volatility.The European Union’smarkets supervisor, theESMA, announced the mea-sure late Thursday followingtwo days of market gyrationthat saw French banks’ mar-ket value fall and rise by bil-lions of euros.The stocks of French bankshave been hammered becauseof concerns they will be hitwith massive losses fromEuropean sovereign debt theyhold. One European nationafter another has struggledwith debt, with Spain andItaly the latest.The leaders of Germanyand France announced theywill meet Tuesday to dis-cuss the financial crisis on thecontinent.France is trying to assurefinancial markets that it willnot be downgraded fromAAA. Standard & Poor’srating agency stripped theUnited States of its top-notchAAA credit rating last today.Benchmark oil forSeptember delivery was down77 cents to $84.95 a barrelat midday Singapore time inelectronic trading on the NewYork Mercantile Exchange.Crude rose $2.83, or 3.4 per-cent, to settle at $85.72 onThursday.In London, Brent crudewas down 47 cents to $107.55per barrel on the ICE Futuresexchange.At 7:37 p.m. on Thursday,Delphos police were called tothe 200 block of West ThirdStreet in reference to a crimi-nal mischief complaint.Upon officers’ arrival, thevictim stated that in the overnight hours, someone loos-ened the lug nuts on theirvehicle.
Ladder stolenfrom property
Enthusiasm for high-speed rail stalls
Robert P. Ernst
Robert P. Ernst, 55, of Delphos, died Thursday at St.Rita’s Medical Center.Arrangements are incom-plete at Harter and SchierFuneral Home.
Asia stocks mixed afterWall Street lurches higher
Lug nuts loos-ened on vehicle
C O U P O N
1 0 1 0 1 0 1 0
O F F
B u y o n e e n t r e e g e t t h e 2 n d e n t r e e
1 / 2 o f f