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Cedar Rapids Gazette in Cedar Rapids, Iowa

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Newspaper

Cedar Rapids Gazette

Location

Cedar Rapids, Iowa, United States of America

Date

Aug 28, 1982

Page

7

Economy Faces Mexican Devaluation Hit and Recovery Hope

Kwik-Way Industries president Thomas Parks warns of a serious impact from a weak peso and high U.S. rates as Mexican exposure climbs to over 10 million in receivables. He expects a political cycle and presidential election to eventually restore Mexico’s economy while remaining confident about eventual payment.

Thomas Parks Kwik-Way Industries Marion Kwik-Way Parks Mexico

Iowa lawmakers clash over unemployment fund rescue plan

State legislators debated ways to fix the drained unemployment benefits fund as Iowa faces a $120 million loan from the federal government. Members like Sonja Egenes questioned tax hikes while others urged rapid action and avoiding layoffs or benefit cuts. A special session and advisory council recommendations were discussed, with focus on raising taxes or trimming benefits to cover interest and deficits. Republican leaders faced criticism for delaying a decision before the election.

Sonja Egenes R-Story City Richard Running Dcedar Rapids House-Senate Iowa Job Service of Job Service George Kinley D-Des Moines Kinley Robert Ray Advisory Council Halvorson

Weather outlook and temperature extremes across regions

Forecast shows highs mid 70s to mid 80s Monday through Wednesday with 80s on Tuesday and Wednesday. Lows mid 50s to low 60s, national extremes include 28 at McHenry NC and 107 at Wichita Falls TX. Friday hay fever pollen 327 in discomfort range with widespread symptoms.

McHenry N.C Wichita Falls Texas Michigan North Dakota Wisconsin Minnesota Oklahoma Missouri Arkansas Alabama Arizona Tennessee Valley Carolinas Florida Utah Nevada Maine Washington Coast New England Great Lakes Ohio Valley Atlantic Coast Montana C.R Petree University of Iowa Edmonton Ottawa Regina Toronto Vancouver Winnipeg Coralville Lake Cedar River Waterloo Mississippi River Smph LaCrosse Tenet Lansing Dam Henan Guttenberg Dubuque Peter Davenport Keithsburg Keokuk Clinton

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