19 Dec 1987
Page 1
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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Dec 19, 1987
Page
1
The seventh ranked Hawkeyes meet the 20th ranked Cyclones tonight in their 40th all time meeting. Tipoff is 7 05 p m at Hilton Coliseum in a sold out arena.
The cartoon notes that while the economy is rising, the budget resembles a blimp inflating beyond control. It humorously warns that unchecked spending could threaten fiscal stability.
New York's Ivan Boesky received a three year prison sentence for masterminding Wall Street insider trading schemes. Judge Morris Lasker noted the need to deter white collar crime despite Boesky's cooperation with prosecutors. Boesky faced potential five year term and a $250000 fine but was not fined.
Iowa farmland values rose in every county for 1987 with an average of 875 dollars per acre as of November 1, up 88 dollars or 11.2 percent from a year earlier. In Kossuth County values jumped 18.3 percent to 1 143 dollars per acre, the highest increase in the state.
U S officials say personnel with the AIDS virus are being pulled from sensitive, stressful jobs due to evidence it may impair mental function even in asymptomatic individuals. They acknowledge some infected show no neurological damage, but cannot reliably predict who will or won’t.
Nearly 300 requests for free Work Wanted ads flooded The Gazette for Monday and Tuesday publication far exceeding expectations. Ad takers note many seekers face financial strain and job uncertainty, with callers from across Eastern Iowa seeking help, from babysitting to accounting roles.
President Reagan warned he will veto the $600 billion spending bill if Congress grants no new money for Nicaraguan rebels and if the bill moves ahead without reversing the veto on the fairness doctrine. Negotiators pressed for a compromise on contra aid and tax provisions while aiming to cut the deficit by 30.2 billion this year.
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