Iowa state funding boosts Jefferson Lines intercity service
The Iowa Transportation Commission awarded Jefferson Lines 1,140,811 to add Mason City to Iowa City service with stops at Charles City Waverly Waterloo Cedar Falls Urband a and Cedar Rapids using two new 45 foot buses. The funding, part of 1.6 million for viable intercity routes, comes from the Federal Transportation Administration. Burlington Trailways receives 238,912 to add four weekly trips Des Moines to Davenport with Grinnell and Iowa City stops. Greyhound also operates intercity service on the same route.
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Dave DeWitte
Ne Gazette
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Jefferson Lines
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Pedersen
RISE Grants Back Local Access Upgrades For Tech Center
State program funds improve roads and turn lanes to support new development. West Des Moines gains access to a Microsoft data center in West Grand Business Park, aiding a $594 million project expected to hire about 50. Fairfield will reconstruct 10th Street to aid a $1.5 million expansion at Dexter Co. creating 20 jobs. Nevada adds turn lanes to serve Syngenta's $114 million seed corn facility, predicting 38 jobs.
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Treasury offers $40 billion for credit unions and homeowners
Federal regulators announce more than 40 billion in new Treasury borrowing to shore up corporate credit unions affected by mortgage securities losses and up to 2 billion in low cost loans to retail credit unions to cut delinquent borrowers’ mortgage rates. The programs aim to curb defaults and are said to cost taxpayers nothing.
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Canada cuts interest rate amid deflation concerns
Canada’s central bank lowered its key rate by 0.75 percentage points to 1.50 percent, the lowest since 1958, citing a looming recession and deflation fears amid global weakness. Banks previously resisted full cuts but many followed after a $25 billion bailout to buy mortgages from lenders.
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Toronto
Canada
Bank of Canada
Red Nose Lighting decorates homes with Victorian style for holidays
Red Nose Lighting installs and monitors seasonal decorations from $500 to several thousand dollars, with maintenance checks for bulbs and garlands. Decorations are stored after January, with ice and snow sometimes delaying takedown. Other local providers include Greg's Lawn and Culver's Lawn Landscape Center.
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Balik
Greg
Cedar Rapids
Culver
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