Auto woes signal a sagging economy in recession
Detroit signals downturn as auto industry leads recession fears. April auto sales fell sharply, Ford closes plants and cuts jobs, over 200,000 autoworkers on layoff, Moody's cuts Chrysler bonds, Chase Manhattan lowers prime rate to 19 percent, Fed reports 10 percent March output drop, profits down 0.9 percent, Miller notes a potential mild recession, unemployment projections rise toward 7 to 8 percent.
MENTIONED IN THIS ARTICLE
Washington
Detroit
Ford Motor Co
Moody’s Investors Services
Chrysler Corp
Chrysler
New York
Chase Manhattan Bank
Chase
Inter
Federal Reserve Board
Commerce Department
Palo plant restarts after repairs and refueling
Iowa Electric Light and Power restarted the 550 MW Palo nuclear plant on Tuesday night after a nine month shutdown for refueling maintenance and NRC ordered design changes. Officials said startup is ahead of schedule as inspections identified fixes and replacement parts. No major start up problems were reported and water recirculation pipe welds were reinspected and deemed OK.
MENTIONED IN THIS ARTICLE
Iowa Electric Light and Power Co
Palo
Nuclear Regulatory Commission
Three Mile Island
Horace Webb
Iowa Electric
NRC
Webb
Production resumes at National Oats plant after explosion
National Oats Co in Cedar Rapids partially restarts after a dust collector explosion on Tuesday. President David Hughes says most operations resume with packaging and processing beginning again and final milling starting late today or Thursday. no injuries and losses under $50,000, sprinkler water caused most delays.
MENTIONED IN THIS ARTICLE
National Oats Co
Cedar Rapids
David Hughes
The
Gazette
Hughes
Knock
Economist predicts long lasting housing slump into 1981
The 1979 80 upheaval will stabilize but housing will suffer long term. Leland Brendsel of the Federal Home Loan Bank told 250 builders and brokers in Cedar Rapids that rates near peak and the economy will weaken late 1980. He projects 13 14 percent mortgage rates by year end and 11 12 percent by 1981 with 10 percent inflation.
MENTIONED IN THIS ARTICLE
United States
Cedar Rapids
Leland Brendsel
Federal Home Loan Bank
Des Moines
Bohemian Savings and Loan
Stouffer
Five Seasons Hotel
Midwest
Brendse
Con
Brendsel
Iowa Senate OKs higher alcohol limit for beer
The Iowa Senate approved a bill 38 to 9 to allow beer up to 5 percent alcohol by weight, sending it to Governor Ray. The measure would raise the state cap from 3.9 percent for grocery store beer and address malt liquor rules, wine definitions, and conformity with federal standards already adopted by at least 31 states.
MENTIONED IN THIS ARTICLE
Des Moines
Iowa
Robert Ray
Senate
House
Williams named Fort Madison school chief
Fort Madison names Steve Williams 42 former Monticello superintendent as new school superintendent effective July 1 replacing Max Redmond.
MENTIONED IN THIS ARTICLE
Fort Madison
Monticello
Steve Williams
Max Redmond
Pulitzer winner Bartley leaves Iowa for new triumph
Bartley, Iowa native and longtime Wall Street Journal editor, won the Pulitzer Prize for distinguished editorial writing. Born in Marshall and raised in Ames, he studied at Iowa State University before rising to journalistic leadership in Chicago Philadelphia Washington and New York.
MENTIONED IN THIS ARTICLE
Robert L. Bartley
Iowa
Wall Street Journal
Bartley
Marshall
Theodore Bartley
Corn State Laboratories
Cedar Rapids
Bill Duffy
Kirkwood Community College
Iowa State
ISU
Grinnell Herald-Register
University of Wisconsin
Wall Street
Chicago
Philadephia
Washington
New York
Journal
the Gazette
Hancher Auditorium 1980 81 Series Brochures Mailed
City brief notes brochures for the 1980 81 Hancher Auditorium productions mailed Friday. Present season ticket holders or mailing list inquiries may call the Hancher box office toll free 1 800 272 6458 weekdays 1 to 5 30 p m Sundays 1 to 3 p m or until 9 p m on show nights. VFW election of officers will be held Thursday at 8 p m at 709 Second Ave SE. Thought for today credits Lenin on liberty.
MENTIONED IN THIS ARTICLE
Hancher
Hancher Auditorium
VFW
Second Ave
Witness testifies Gilroy rode to Moose Lodge with shotgun
Anamosa Iowa jurors hear Michael Gilroy 37 of Coralville is suspected in the March 12 1979 death of Moose Lodge manager Vincent Lalla. Prosecution witness Michael Murphy 29 Iowa City testifies he drove Gilroy to the lodge twice and saw Gilroy bring a shotgun to the lodge before gunfire erupted.
MENTIONED IN THIS ARTICLE
Anamosa
Michael O. Gilroy
Gilroy
Moose Lodge
Iowa City
Vincent R. Lalla
Coralville
Lalla
Michael Lloyd Murphy
Kristin Hibbs
Murphy
Also Mentioned on This Page
William A. Cox
G. William Miller
United Auto Workers
Miller
National Oats
Jane Suchome
Williams
Robert Bartley
Lenin
John Deere
John Deere Insurance
OWN Deere
Kenny Rogers
Rogers Kenny Entity
Kenny Rogers Gide
Westdale Mall
Montgomery (Ward
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