Government moves to aid housing told
The administration announced a 160 million dollar plan to stimulate home construction by lowering mortgage rates and financing costs for builders. It would fund subsidies raising income eligibility to about 27 thousand dollars, offering up to 60 thousand dollar mortgages in high cost areas at 11 percent. The package targets about 100 thousand new homes and includes HUD builder financing incentives. GM to place 12,000 production workers on indefinite layoff by early May amid broader economic strains.
MENTIONED IN THIS ARTICLE
Congress
Department of Housing and Urban Developing
HUD
General Motors Corp
Statehouse moments and policy notes from Iowa stories
Senator Art Small sang to press a point in the Iowa Statehouse. The House rejected a proposal letting grocers sell wine. Ambulance fees rise July 1 and Cedar Rapids Air Ambulance 24-hour staffing feasibility is studied.
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Cedar Rapids
Chuckle Advice to Stockholders Warns About Bum Steers
A lighthearted note on investors facing misleading guidance, warning stockholders to beware bum steers rather than bulls and bears. Copyright material referenced.
MENTIONED IN THIS ARTICLE
Bulls
Bears
Carter plans food and medicine ban on Iran amid hostage crisis
White House officials say President Carter will order an end to all shipments of food and medicine to Iran, while keeping ports open to avoid a secondary boycott. Iran protests escalate with a Tehran embassy march and a student death, and a Khuzestan oil pipeline bombing leads to executions.
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Carter
Iran
White House
Tehran
Jody Powell
U.S
United States
Bijan Ashtiani
Iowa Senate Gives Final Approval to Broad Usury Bill
Des Moines reports the Iowa Senate 43-4 approved a large bill on interest rates ahead of Gov. Robert Ray. The House had passed it earlier, with no change to open-end credit limits, prompting concern from senators about maintaining two rates of 15 and 18 percent versus a proposed 21 percent cap.
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Des Moines
Iowa Senate
Senate
Robert Ray
Iowa House of Representatives
House
Clarence Carney
Sioux City
Bill Hansen
Cedar Falls
Army rules no life threat in C R soldier case
The Army concluded Spec. 4 Charles Elias of Cedar Rapids faced no threat to his life after he claimed a sergeant threatened him. Elias went AWOL from Schofield Barracks in Hawaii on February 12, later returning to Cedar Rapids. He was arrested by military police, transported to Fort Knox for processing, and remains on leave pending disposition.
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Department of the Army
Charles Elias
Cedar Rapids
Elias
Schofield Barracks
Hawaii
The
Gazette
Jefferson High School
Fort Sheridan
Ill
Fort Knox, Ky
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U.S
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Iowa
St. Anthony man charged in Tama triple slaying
Charles Darwin Culler, 35, former husband of one victim, faces three counts of first degree murder for Easter morning killings of Linda Cullor 31 Mark Curtis 24 and Roseann Curtis 19. Bond set at 300000. preliminary hearing April 28. judge seals most complaint details.
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TAMA
St. Anthony
Charles Darwin Culler
Marshall County
Culler
Linda Cullor
Mark A. Curtis
Curtis
Roseann Curtis
Cullor
George Stein
Sched
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