Dean strengthens to category three as gulf forecast shifts
The National Hurricane Center says Dean rose to a 125 mph category 3 with models split on gulf landfall. Oil and gas futures rose as forecasts shift toward central Gulf damage risk, with Chevron evacuations and others monitoring but maintaining operations.
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National Hurricane Center
Dean
Gulf
Yucatan Peninsula
NEW York
Gulf of Mexico
New York Mercantile Exchange
Nymex
Midwest bank index edges up signaling growth in August
An eight-state Mainstreet economic index rose to 57.4 in August from 54.5, remaining above growth neutral. Bank leaders in Colorado through Wyoming reported healthy activity while housing weakness and credit concerns weighed on confidence for the next six months.
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Omaha
Neb
Midwestern
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Creighton University
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Bill McQuillan
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Colorado
Illinois
Iowa
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Missouri
Nebraska
North Dakota
South Dakota
Wyoming
U.S
Larry Winum
Glenwood State Bank
Glenwood
Bruce Morgan
Valley State Bank
Roeland Park
Kan
Fed cuts discount rate to stabilize markets
The Federal Reserve reduced the discount rate from 6.25 percent to 5.75 percent to calm a credit crisis. The move boosted stocks with the Dow up over 300 points at the open, closing the day at 13,079.08. The funds rate remained at 5.25 percent, but officials signaled potential cuts if growth risks worsen.
MENTIONED IN THIS ARTICLE
New York Stock Exchange
Federal Reserve
Washington
Fed
Mark Zandi
Moody’s Economy.com
Refinery reopening may help gas prices
The Cof feyville Resources refinery in Kansas reopened this week and production rose to 98,000 barrels per day, easing supplies and potentially lowering gas prices after a summer surge. Iowa prices have fallen while diesel edges up. national demand for diesel rose in August.
MENTIONED IN THIS ARTICLE
the Gazette
Coffeyville Resources
Kansas
Iowa
Iowa Department of Natural Resources
DNR
Midwest
Jack Lipinski
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Bala x
Newperspa m
Fidelity DivGrow
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the Market IN Review
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By Dave DeWitte
David.dewitte
Gazette Communications
Kirkwood Community College
Center For Credit
Bachelor of Applied Studies
Continuetolearn.uiowa
Tatedeaction
University OF Iowa
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