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2 – The Herald Friday, August 19, 2011
For The Record
Vol. 142 No. 57
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
At 11 p.m. on Thursday,Delphos police came intocontact with Chad Nueman,26, of Delphos, at which timeNueman was found to be inpossession of drug abuseinstruments.As a result, Nueman wasarrested on the charge andtransported to the Van WertCounty Jail. He will appear inVan Wert Municipal Court onthe charge.
Delphos manfaces possessioncharge
High temperature Thursdayin Delphos was 85 degrees,low was 61. Rainfall wasrecorded at .24 inch. High ayear ago today was 86, lowwas 60. Record high for todayis 99, set in 1983. Record lowis 48, set in 1964.Corn: $7.29Wheat: $6.93Beans: $13.54
WEATHER FORECASTTri-countyAssociated PressTONIGHT
: Mostlyclear. Lows in the lower 60s.Southeast winds around 5mph.
: Mostlysunny with a slight chanceof showers and storms in themorning...Then partly cloudywith a chance of showers andthunderstorms in the after-noon. Highs in the mid 80s.Southwest winds around 5mph. Chance of rain 30 per-cent.
:Mostly cloudy with a 40 per-cent chance of showers andthunderstorms. Lows in themid 60s. South winds around5 mph.
: Partly cloudywith a 30 percent chance of showers and storms. Highsin the lower 80s. Northwestwinds 5 to 10 mph.
: Partlycloudy with a 30 percentchance of showers and thun-derstorms in the evening...Then mostly clear after mid-night. Lows in the mid 60s.
: Partly cloudy.Highs in the lower 80s.
: Mostly clear.Lows around 60. Highs in thelower 80s.
Burglary probeleads to man’swarrant arrest
At 6:47 p.m. on Thursday,Delphos police were called tothe 600 block of West FifthStreet in reference to a bur-glary complaint.Upon officers arrival,the victim stated someonehad gained entry to the resi-dence and had taken itemsfrom inside. Officers did findsigns of forced entry into theresidence and contacted theDetective Bureau.As officers were inves-tigating the complaint, theycame into contact with GarrettDienstberger, 26, of Delphos,at which time it was found thatDienstberger had an activewarrant for his arrest issuedout of Van Wert County. Asa result, Dienstberger wastransported to the Van WertCounty Jail on the warrant.CLEVELAND (AP) —These Ohio lotteries weredrawn Thursday:
Estimated jackpot: $32million
Pick 3 Evening
Pick 4 Evening
Estimated jackpot: $37million
Rolling Cash 5
Ten OH Evening
World stocks plunge ongrowing recession fears
By COLLEEN BARRYThe Associated Press
MILAN — Global stocksfell again today as fears of apossible U.S. recession com-bined with ongoing worriesover Europe’s debt crisis,which is stoking acute fearsover the continent’s bankingsector.However, a better thananticipated opening on WallStreet helped European mar-kets recoup a large chunk of their earlier losses.“This week has seen acontinuation of the trend of weaker than expected dataand political reaction to theEuropean problems whichpretty much amounts to ’Let’shave a get together a cou-ple of times a year,’ “ saidGary Jenkins, an analyst atEvolution Securities.”Britain’s FTSE 100 lost0.7 percent to 5,056, whileGermany’s DAX fell 2.1 per-cent to 5,483. France’s CAC-40 was down 1.2 percent at3,041.In the U.S., the Dow Jonesindustrial average was down0.6 percent at 10,931 whilethe broader Standard & Poor’s500 index fell 0.1 percent at1,140. Futures markets hadbeen predicting far biggerdeclines earlier.The market turmoil of thelast two days has dashed anyhopes of a quiet second half of August — a normally quietperiod when trading dries upuntil the U.S. returns from theLabor Day holiday in earlySeptember.Financial markets havewrestled for several weekswith fears that a new recessionin the U.S. is in the offing.Another round of soft eco-nomic data further spookedinvestors all round the world.A woeful manufacturing sur-vey Thursday from the FederalReserve Bank of Philadelphiarenewed U.S. recession fearsin particular.A parallel concern centerson Europe after a Franco-German summit earlier thisweek failed to persuadeinvestors a convincing fix tothe spiraling debt crisis wasimminent. The leaders prom-ised further economic integra-tion but no concrete measureslike eurobonds, which wouldspread the risk among the 17nations using the commoncurrency.Banks have borne thebrunt of the selling in themarkets on renewed worriesof the health of the continent’sbanks, while safe-haven goldprices nudged up against the$2,000 an ounce mark, andcrude prices fell as investorsfeared a global slowdown willzap demand for crudeEurope’s banks have alsobeen hit by indications fromGerman Chancellor AngelaMerkel and French PresidentNicolas Sarkozy that theircountries were developing aplan to tax financial transac-tions.In an effort to smooth outthat turbulence, France’s stockmarket regulator put in place aban on short-selling last week,preventing traders from bet-ting on the decline in a share’sprice. Other European regu-lators have instituted similarbans.But on Thursday theAuthorite des MarchesFinanciers eased the ban,saying it would allow trad-ers to roll over — or extend— their short positions whenthey expired. It will continueto bar them from taking onnew ones. It had been unclearbefore whether traders couldroll over positions they’dheld before the ban went intoeffect.Several countries bannedshort selling during the finan-cial crisis of 2008 to try totame volatility. But someexperts argued that the bansactually contributed to a feel-ing of uncertainty since theirvery existence suggests thesystem isn’t working as itshould and limits how traderscan respond.One moderately bright spotfor European policymakerremains the relative calm inthe bond markets after theEuropean Central Bank startedbuying up Italian and Spanishbonds. Both countries’ yieldson their ten-year bonds havefallen over a percentage pointto below 5 percent, which isconsidered manageable.There’s also been somecalm in the currency markets,with the euro up 0.9 percent at$1.4423 and the dollar down0.4 percent at 76.45 yen.Earlier, Asian shares alsotook a beating following thebig retreat Thursday in Europeand the U.S.Japan’s Nikkei 225 indexdropped 2.5 percent to8,719.24 and Hong Kong’sHang Seng slid 3.1 percent to19,399.92.Mainland Chinese sharestracked losses elsewhere, withshares in coal, oil and cementleading the decline. TheShanghai Composite Indexlost 1 percent to 2,534.36 afterdipping almost 2 percent ear-lier in the day. The ShenzhenComposite Index lost 0.8 per-cent to 1,133.84.Oil prices continued to tanktoo amid fears over globaldemand. Benchmark oil forSeptember delivery was down$1.43 to $80.95 a barrel inelectronic trading on the NewYork Mercantile Exchange.Crude fell $5.20, or 5.9 per-cent.
Delphos Fire Association300 Club winners:
Week of 8/8 — KathyKlausWeek of 8/15 — HilaryFriedrich
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scattered across a blood-splattered floor, while ceilingfans were twisted and wallsblackened. Men comforted ayoung boy who wept as heheld his hand to his heart.The attack appeared to bethe deadliest since twin bomb-ings in mid-June killed around40 people in Peshawar. Thatattack was believed to be partof a wave of bombings stagedby militants to retaliate overthe U.S. killing of al-Qaidachief Osama bin Laden inMay.The Pakistani Taliban andtheir affiliates stage attacks inPakistan because they opposeIslamabad’s alliance with theUnited States.Also today, two U.S. mis-siles struck a house in a trib-al region that was once aPakistani Taliban stronghold,killing four people, intelli-gence officials said.The strike came asPakistani-U.S. relations arestruggling since the unilat-eral American raid that killedbin Laden in the northwestPakistani garrison town of Abbottabad. The contin-ued missile attacks, whichPakistan officially opposes,suggests Washington consid-ers the tactic too valuable togive up.Though Pakistan objectsto the covert, CIA-run mis-sile program, it is believedto have aided it at times. TheU.S. rarely acknowledges theprogram.The two missiles hit ahouse today in Sheen Warsakvillage in the South Waziristantribal area, according to twoPakistani intelligence offi-cials who spoke on conditionof anonymity because theywere not authorized to speakto reporters.The identities of the deadwere not immediately clear.Although U.S. officials insistthe vast majority of victimsin the strikes are militants,Pakistanis and some humanrights activists have saidcivilians are often caught upin the attacks.South Waziristan is a law-less stretch of rugged terri-tory that was largely underthe control of the PakistaniTaliban until October 2009,when the country’s armylaunched an operation againstthe insurgents. However, mil-itant activity is still occasion-ally reported in the region.It is nearly impossibleto independently verify theinformation from the regionbecause access is heavilyrestricted.
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Stores already have passed alongtheir rising costs to custom-ers by raising prices on selectitems. The core Consumer PriceIndex, which includes spend-ing on everything except foodand energy, rose 0.2 percentin July, the Labor Departmentsaid Thursday. But now thatproduction costs are going upeven higher, merchants areincreasing prices on a broaderrange of merchandise. Becauseof their concern that shopperswill retreat, though, retailers aretreading the line between style,quality and price.Some merchants are mak-ing inexpensive tweaks ——additional stitching, fake buttonholes, fancy tags —— to justifyprice increases. Those embel-lishments can add pennies to$1 to the cost of a garment,but retailers can charge $10more for them, said MarshalCohen, chief industry analystwith market research firm TheNPD Group.“We’re not seeing defla-tion or inflation; we’re seeingcon-flation,” he said. “Storesare making consumers believethey’re getting more for theirmoney.”After the price of the fab-ric for its girl’s corduroypants almost doubled, catalogretailer Lands’ End, based inDodgeville, Wis., raised theprice of the pants by $7 to$34.50. The company, a unitof Sears Holdings Corp., alsoadded buttons and stitching onthe pockets to dress them up.“Consumers are going tonotice the price differences,”said Michele Casper, a Lands’End spokeswoman. “But theyare also going to get a lot of added benefits so they knowthey’re not getting short-changed.”
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letic director, coached varsitygirls basketball, junior varsityand varsity baseball and wasan assistant varsity footballcoach.In 1996, Price went toHardin Northern LocalSchools where he was theSocial Studies teacher for fiveyears. He also coached juniorhigh football, junior varsityand freshmen boys basketballand varsity baseball.In 2001, Price acceptedthe middle and high schoolprincipal position at UpperScioto Valley. As principal,Price assisted the district inobtaining an effective ratingon its Ohio Report Card. In2005, Price took on the super-intendent position at HardinNorthern Local Schools.Price and the school commu-nity successfully implement-ed a strategic plan that leadto the successful remodelingof Hardin Northern LocalSchools. The district alsoobtained an effective ratingon its Ohio Report Card.Price has held leadershippositions in multiple educa-tional and community orga-nizations. He is a memberof the Rotary Club, OptimistClub and a board memberof the local Crime Stoppers.He is also a former memberof the Board of Deacons atGrace Gospel Church in Ada.After earning a bachelor of arts in comprehensive SocialStudies and education fromthe University of Findlay,Price received his master of arts in teaching in AmericanHistory from BowlingGreen State University. Hereceived his administrationcertification and superinten-dent licensure in 2001 and2004, respectively, from theUniversity of Findlay. Price iscurrent working on receivinghis doctorate in education-al leadership from AshlandUniversity.According to Ebbeskotte,the interim position will lastuntil spring so new members joining the board in Januarycan assist in choosing whothey will work with.“It’s only fair to let thenewcomers have a voice inchoosing a new superinten-dent,” Ebbeskotte said. “Thisis the person they will be sit-ting down with.”The board also hiredKristin Gable as Title I read-ing and math and interven-tion specialist. The Daytonnative is a 2003 graduateof Dayton Christian HighSchool and earned a bach-elor’s degree in middle child-hood education from OhioNorthern University, whereshe met her husband, Delphosnative Brent Gable. She per-formed her student teachingat Bath Middle School andtaught fourth-grade math atPathway School of Discoveryin Dayton. For the past three3 years, she has been a sub-stitute teacher, marking mostof her time at Delphos CitySchools.Gable will be in theFranklin and Landeck ele-mentary buildings in themorning and the high schoolin the afternoon.In other business, theboard:
• Granted Kay Gossman
supplemental contracts asboys and girls athletic man-ager for the 2011-12 schoolyear;
• Renewed Josh McElroy’s
contract as the district’s tech-nology coordinator; and
• Approved Brenda Bonifas
as volunteer soccer coach.
“This week hasseen a continua-tion of the trendof weaker thanexpected data andpolitical reaction tothe European prob-lems which prettymuch amounts to’Let’s have a gettogether a coupleof times a year.’ ”
–Gary Jenkins, an analystat Evolution Securities.”