Economy posts sterling 9.2 percent spring growth rate
Washington AP reports the spring growth rate at 9.2 percent, the fastest since 1978, with corporate profits rising at an 14.7 percent annual pace to $124.1 billion. A separate Commerce release signals a possible slowdown ahead as durable goods orders fall 3.6 percent in July.
MENTIONED IN THIS ARTICLE
Washington
Commerce Department
Robert Ortner
White House
Larry Speakes
Reagan
California
Robert Wescott
Wharton Econometrics
David Cross
Chase Econometrics
Congress says economy to recover with lower deficits
The Congressional Budget Office predicts a multi year recovery with moderate inflation and lower unemployment, while noting deficits could stay around 200 billion if tax increases and spending cuts are not enacted. Alice Rivlin resigns after eight years as CEO director.
MENTIONED IN THIS ARTICLE
Washington
Congressional Budget Office
Alice Rivlin
Congress
CBO
Rivlin
Reagan
Iowa leaders warn of devastating 4 percent budget cuts
House Speaker Donald Avenson and Majority Leader Lowell Norland say a 4 percent across the board cut would raise property taxes, hit state universities, and shrink welfare programs. They urge a special session to make selective cuts to avoid broad, damaging reductions.
MENTIONED IN THIS ARTICLE
Judy Daubenmier
Ine
Rau
Des Moines
Lowell Norland
D-Kensett
House
Norland
Avenson
English sailor faces deportation after solo Atlantic voyage
An Englishman, Keith Elliott, completed a 97 day solo Atlantic crossing in a 20 foot boat but arrived to a deportation threat rather than praise. The State Department denied a visa waiver because he overstayed his last visa by nine months. Elliott, 42, has $22, with instructions to leave by Oct 14, while INS officials say he should have arranged papers beforehand.
MENTIONED IN THIS ARTICLE
New York
Atlantic
Keith Elliott
State Department
Elliott
Scott Blackman
Immigration and Naturalization Service
Blackman
Bermuda
Sailor
Crane-Lift Rescues Truck From Ellis Boat Harbor Water
A dumped truck rolled off the Ellis boat harbor embankment while the driver briefly left to use the restroom. Only the front end entered the water as a bulldozer and crane maneuvered to recover the vehicle.
MENTIONED IN THIS ARTICLE
Ellis Boat Harbor
Hottest day in Cedar Rapids but relief ahead
Cedar Rapids and Dubuque tied at 99 degrees on Friday the hottest day of the summer in both cities. A cold front moving south across eastern Iowa is expected to bring cooler highs in the low 90s, with a 40 percent chance of rain tonight or tomorrow and possible showers into early next week.
MENTIONED IN THIS ARTICLE
Cedar Rapids
National Weather Service
Dubuque
Alicia
Iowa
Hampton
Des Moines
Davenport
Fort
Tale 4 Today's Chuckle
The joke compares the brain to a freight car with guaranteed capacity that often runs empty, noting a humorous observation about mental effort and storage.
Also Mentioned on This Page
Forest & Stream
Congressional Report
U.S
Gazette
Duane Crock
C.R
Marion
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!