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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Aug 19, 2011
Page
1
Iowa treasurer Mike Fitzgerald notes unprecedented farm revenue boosting the state economy. Unemployment runs well below the national average as farmers report strong profits and stability across Iowa.
Iowa's economy benefited from a farm income surge with a roughly $6.0 billion annual net farm income in 2008 and 2009. The state posted a six percent unemployment rate in the first half of this year, below the national nine percent, and credit rating discussions highlighted the farm sector as a buffer during the downturn.
Discouraging data from the United States and Europe deepen fears of a downturn. U S home sales and manufacturing weaken while European banks bear debt and a sputtering economy, triggering a stock sell off and a flight to Treasuries.
University of Iowa archaeologists announced a 7 000 year old site in Des Moines nicknamed The Palace. The well preserved village yields two human remains a woman and an infant the oldest bones found in the state. State archaeologist John Doershuk notes the site’s intensive occupation and rapid river flooding that sealed the settlement.
Gene and Vern Ann Baxter of Cedar Rapids celebrate 75 years of marriage dating from January 17 1936. The couple recalls a 1936 engagement ring deal that led to a Plymouth car trade and a lifelong partnership in a family home they’ve shared for 49 years.
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