07 Feb 1989
Page 1
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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Feb 07, 1989
Page
1
A new poll suggests improved credit for farmers and positive attitudes along with solid commodity prices will drive 1989 as a strong year for farm equipment makers. The report also notes reparations ordered to a murder victim's widow and Iowa crime victim programs.
A humorous quip notes that a woman and a tree differ in how their limbs appear bare across seasons. The playful line relies on a visual pun about seasons and appearance.
Rep. Tom Tauke announces the plan to raise congressional salaries from 89500 to 135000 is crushed on the House floor. Opponents leveraged a routine adjournment motion into a referendum, signaling the tide of opposition prevailed as the vote proceeds.
President Bush outlined a rescue package for the savings and loan crisis totaling 90 billion dollars. He proposed selling 50 billion in 30 year government bonds over three years and using higher insurance premiums plus tax money to cover costs, with no direct depositor fee.
State tax revenues rise 17.5 percent boosting the surplus to about 130 million dollars, enough to finance a 40 million dollar construction program including a new facility at the University of Iowa College of Pharmacy. For seven months of the 1989 fiscal year the state collected over 1.47 billion in taxes, 153.3 million more than last year, per Pat Cavanaugh.
Cedar Rapids Jefferson High School faced the threat of closure after a natural gas leak was detected during a routine inspection. A contractor with crew and backhoe worked in near freezing conditions to locate and fix the leak, with officials planning an early morning update on class status.
Alcoholism experts praised Kitty Dukakis for seeking treatment after a brief period of heavy drinking following her husband’s election loss. Gov. Michael Dukakis said she was admitted to a private Newport hospital and noted exhaustion and post election stress as factors.
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