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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Aug 22, 2009
Page
7
The White House forecasts a 2010 2019 deficit of 9 trillion dollars, up from 7 trillion, due to weaker revenues and a slower economy. The figure adds political pressure in Congress and on foreign buyers while complicating health care and climate policy goals.
The Evangelical Lutheran Church in America with about 4.7 million members approved a plan to allow sexually active gays and lesbians in committed relationships to serve as clergy. Final hiring decisions rest with individual congregations amid fears of potential splits.
Hawaii marks its 50th state status with a new postage stamp and panel discussions on tourism energy and Hawaiian rights. State leaders call the observance a Hood commemoration to honor Native Hawaiians and unresolved historical claims, while Times Square hosts a large Hula demonstration. Olympic gold medalist Bryan Clay cites misconceptions about Hawaii as merely a vacation spot.
Federal Reserve Chair Ben Bernanke voiced optimism that the economy is on the verge of growth as both U S and global activity appears to level out. He noted the financial system is stabilizing though borrowers still face loan access issues. The tone at the annual conference was markedly hopeful compared with last summer.
Hurricane Bill, a Category 2 storm with 105 mph winds, batters Bermuda’s coast and spurs big swells along the U S Atlantic seaboard. Forecasters warn swells and rip currents reach from northeast Florida to New England as Bill moves north toward Canada.
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