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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Dec 09, 1980
Page
1
Short term U S treasury bill yields climbed to the highest level since March 24 at Monday’s auction. The report notes the move in rates and the timing of the sale as investors digest evolving policy signals.
A humorous reflection jokes that the world was created in six days without any Senate approval. The quip plays on political process as a punchline.
A 25-year-old Hawaii man, Mark David Chapman, was held on a charge of fatally shooting John Lennon outside the Dakota on Manhattan’s Upper West Side. Lennon died after exiting a limousine as crowds gathered and mourners left notes and roses at the scene.
Reactions to John Lennon's death in Cedar Rapids were varied as listeners called radio stations and store managers anticipated sales shifts. Some mourned, others questioned the loss, while friends and officials described personal impact and national discussions at a sheriff convention.
Iowa's Legislative Fiscal Bureau projects a $36.3 million year end deficit unless revenue rebounds. Growth estimates were trimmed from $93 million to $42 million as income tax, sales tax, and corporate tax receipts stall. Rankin cautions the figure could worsen if trends fail to improve.
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