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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Aug 14, 1983
Page
16
The Prime rate rose to 11 percent as major banks lifted from 10 percent, stirring lower stock and bond prices while the dollar hit a 13 year high. The move signals higher credit costs for consumers and investment abroad.
Libyan backed insurgents launch a major attack on Faya-Largeau as French troops arrive to deter further incursions. In Lebanon Druse and army forces clash south of Beirut, with ministers abducted and a Baalbek market bombing killing 33. The U S Army warns of stretched forces while Ranger and ships head to the Pacific after Central American exercises. Reagan administration cautious on Guatemala coup and its regional implications.
An underground natural gas line punctured by a rock caused fumes to fill a crawl space, triggering a Tuesday explosion that injured two residents and destroyed most units at a 10 unit Hudson complex.
A 16 year old, Frank Junior Pledge, is jailed on a stabbing charge after a brick assault on Dean Krumviede 18, in Cedar Rapids. Krumviede required surgery at Mercy Hospital while Pledge faced Juvenile Detention Center. Also noted are two Linn County drownings and other local items.
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