03 Feb 1989
Page 1
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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Feb 03, 1989
Page
1
A Delmar farmer becomes the first in the nation to take advantage of a newly launched loan program. The report on Page 9B highlights the eligibility, application process, and potential impact on local agriculture and financing options.
A lighthearted quip about parenting shows a daughter applying lipstick and a son quickly removing it, highlighting the small milestones of kids growing up.
Iowa Democrats and labor leaders press a package of worker rights bills including a state minimum wage and prorated benefits for part time workers. Republicans warn the plan could hurt business as organized labor backs the measures and Gov Branstad’s veto history is noted. The debate centers on balancing economic growth with higher pay, benefits, and healthcare access for workers.
The Senate voted 95 to 5 to reject the proposed 51 percent pay raise for Congress and top officials and to change law to require votes on pay increases. Speaker Wright plans a House move to implement a partial rollback to 30 percent and ban honoraria if the raise takes effect, with continued party opposition and procedural hurdles.
Two explosions in Helena caused by runaway rail cars near the tracks damaged property and forced evacuations as wind chills reached 70 degrees below zero. A derailed car carrying a highly flammable chemical burned after the blast, a second car with plastic burned, and a cloud of smoke prompted evacuations. Minor injuries were reported and damage was estimated at $3 million.
Clayton Yeutter breezed through a Senate confirmation hearing on his nomination as agriculture secretary. He pledged a leaner farm program and defended ending trade-distorting subsidies, while addressing concerns over an USDA study cited by Sen. Conrad. The Nebraska farmer, ex-trade representative, likely will be confirmed next week despite a few pointed questions.
The General Accounting Office told Congress regulators should take control of about 350 insolvent savings and loan associations once Congress agrees on a rescue plan. Comptroller General Charles Bowsher warned isolation from healthy institutions to stop costly deposit rates. Banks lobby for taxpayer aid to cover the $100 billion crisis.
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