Rates rise again in seventh Fed hike this year
The Federal Reserve lifted the federal funds rate from 5.5 percent to 6.0 percent and the discount rate from 4.75 percent to 5.25 percent after a two day meeting. Cedar Rapids bankers expect the prime rate to reach about 9 percent. Banks warn credit costs will rise for short term loans and credit cards though mortgage lending may see little impact.
MENTIONED IN THIS ARTICLE
Iowa
Federal Reserve
Central Bank
Federal Funds
Fed
Cedar Rapids
Gary Bartlett
First National Bank
Darrell Pierce
Collins Credit Union
Steve Wickard
Brenton Bank and Trust Co
Happy ending as missing golden retriever returns home
Four months after Blondie vanished in a 13 vehicle crash on I 380 I 80 the missing golden retriever was found in Grinnell 65 miles from the wreck. Joe Patten 16 alerted Susan Thorndike who owns golden retrievers and helps the Iowa City retriever rescue club. Blondie had severe injuries including a pelvic fracture and head wounds but is expected to recover.
MENTIONED IN THIS ARTICLE
Wazette
Lassie
Susan Running
REV-105
Minneapolis-St. Paul
Running
Blondie
Grinnell
Kevin Finger
Tiffin
Iowa City Golden Retriever Rescue Club
Coralville
Joe Patten
Patten
Susan Thorndike
Iowa City Retriever Rescue Club
Thorndike
K.C. Cornish
Susan
Minneapolis
Cedar Rapids crimes and police actions noted in brief
Court documents outline statements by David Fields linked to the stabbing death of Blonda Lacey in Cedar Rapids. Cedar Rapids Police Chief Bud Byrne says an officer’s discharge was investigated at Gerald Rieflin’s home Friday night. Impending Boeing jetliner cuts threaten Rockwell Cedar Rapids operations. Iowa Hawkeyes 79 Illinois 74 at home. Iowa State 79 Oklahoma 78 on the road.
MENTIONED IN THIS ARTICLE
David Fields
Blonda Lacey
Cedar Rapids
Bud Byrne
Gerald Rieflin
Boeing Co
Rockwell
Iowa
Iowa State
Iowa Hawkeyes
Illinois
Iowa State Cyclones
Oklahoma
House votes to curb unfunded mandates
The House approved a bill to limit new federal requirements on states and localities without funding, a conservative priority in the Contract With America. The measure faces Senate differences, with President Clinton signaling he will sign it. the law targets future mandates but imposes new funding and cost-estimation hurdles and exempts civil rights and related provisions.
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Newsday
Washington
House
America
Senate
Clinton
Arkansas
Congress
Vote sets up fight on school funding
The Iowa House approved a 3 percent allowable growth rate for elementary and secondary education, while Senate leaders insist on 4.5 percent. Gov. Branstad vows to oppose any increase above 3 percent, calling it non negotiable. The dispute hinges on future state aid totaling about 536 million versus 79 million at 4.5 percent.
MENTIONED IN THIS ARTICLE
Vote
House
Richard Running
Cedar Rapids
Running
Terry Branstad
Iowa Association of School Boards
Branstad
Senate
Steve Grubbs
Davenport
Harkin Joins Internet Move With Gingrich On Line
Sen. Tom Harkin becomes the first Iowa senator online joining House Speaker Newt Gingrich in using the Internet. He offers email contacts and gopher and ftp access to official information to speed constituent services and feedback from Iowans. Grassley plans online access soon.
MENTIONED IN THIS ARTICLE
Gingrich
David Lynch
Washington
Ashington
Tom Harkin
Iowa
Newt Gingrich
Internet
Harkin
tom_harkin
Senate
Senate.gov
House
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Grassley
Nussle
Tim Kintner
First Trust & Savings
TV and
By Rick Smith
Minnesota
Eit
Boeing
Legais
By Ken Sullivan
Wally Horn
Gov
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