12 Apr 2005
Page 1
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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Apr 12, 2005
Page
1
The 2004 wages grew 2.5 percent while inflation rose 2.7 percent, marking the first across the board pay cut in 14 years. Victims like Victor Romero saw rent outpace earnings as the economy expanded 4 percent and profits climbed to record highs.
By the numbers inflation since the 1990 91 recession shows CPI up 2.7 percent while hourly wages rise only 2.5 percent. A weak job market and rising health insurance premiums drive a perfect storm of economic pressures. The slack employment market keeps pay growth minimal despite a 5.2 percent unemployment rate.
Lan Samantha Chang, age 40 and a University of Iowa Writers' Workshop alumna, was chosen to lead the program. She will earn 115500 dollars per year as director and full professor, moving from Harvard University where she teaches creative writing. Chang succeeds Frank Conroy, who stepped down and died Wednesday of cancer.
The article notes Lin Chang succeeds Frank Conroy as director, praising his stature and promise. President David Shorton calls this appointment a matter of pride for the US literary community. The piece references past leaders Wilbur Schramm Paul Engle George Starbuck Jack Leggett Frank Conroy and notes the transition is reported on page 9A.
India and China agreed to form a strategic partnership during Chinese Premier Wen Jiabao's South Asia tour. The move ties together about one third of humanity and signals a shift from historical suspicion toward closer diplomacy. The United States welcomed the outreach as both nations seek regional stability for growth.
Gov Vilasack and lawmakers seek state takeover of school aid foundation formula costing about 300 million over six years to reduce inequities. Studies also consider tying commercial rates to agricultural and residential rates to slow tax growth. Iowa ranks 20th in per capita property tax costs at 983 dollars.
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