10 Apr 1981
Page 1
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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Apr 10, 1981
Page
1
Newlyweds who met in an apartment house where residents average 75 years old discuss starting a life together. The page notes multiple local items including a Fort Dodge firm dispute, Kirkwood plans, school district merger talks, bond issue reforms, and other Iowa topics.
A brief note promotes purchasing traveler's checks as a method to save money while staying at home, suggesting a simple financial option without further details.
The Columbia maiden orbital test flight was postponed at least 48 hours due to a failure in the shuttle's backup computer system. John Young and Robert Crippen remained aboard the vehicle as mission control worked to isolate hardware or software issues While weather cleared for a Sunday launch observers gathered at Cape Canaveral and a Soviet spy ship was spotted nearby The president offered support in a message to the crew.
Chase Manhattan Bank led a surprise move raising the prime lending rate to 17.5 percent from 17 percent amid volatile money markets. Manufacturers Hanover Trust Co quickly followed as banks face fluctuating rates with 90 day certificates of deposit and overnight federal funds rates volatile.
Des Moines political writer notes the Iowa House voted to fund the Atlanta police probe with 20000 dollars and the Legislature to audit Regents institutions. Senate meanwhile passed compensation for advertising devices removal. All measures stall as reconsideration motions block bills in both chambers.
The Marion Independent School District set a May 19 ballot to approve a temporary income surtax of 5.39 dollars per 100 dollars of 1979 state income tax. It would fund the 1981 budget, targeting reinstatement of cut programs and teachers, and would affect taxpayers with state taxes.
A 60 year old Storm Lake resident total deaf for a decade underwent Iowa City surgery to implant a cochlear electrode. Dr. Brian McCabe and Dr. Bruce Gantz led the first Iowa procedure, aiming to stimulate the auditory nerve with a pocket size stimulator to restore perception of environmental sounds. The doctors announced the operation at a news conference, noting success depends on nerve response and device linkage.
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