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Cedar Rapids Gazette in Cedar Rapids, Iowa

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Newspaper

Cedar Rapids Gazette

Location

Cedar Rapids, Iowa, United States of America

Date

Feb 12, 2004

Page

10

Wages Gap Persists as Economy Grows in 2003

A Gazette analysis notes wages rose 2 percent in 2003 with a 8.2 percent Q3 and 4 percent Q4 growth, while middle earners saw near stagnation. The article contrasts a widening pay gap from 10th to 90th percentile and discusses two income strategies amid shifts to services and productivity.

Economic Policy Institute America Clinton Reich Brandeis University Waltham Mass David Hueter National Association of Manufacturers Washington Huether Jared Bernstein Bush John Edwards North Carolina Americas John Kerry

Greenspan Eyes Budget Rules as Growth Outpaces Job Creation

Fed Chairman Greenspan warned deficits threaten long term rates and urged Congress to restore budget rules to offset tax cuts and spending. He noted the administration’s pledge to cut the deficit and warned baby boom retirements will pressure future services without action. He cited 6.1 percent growth in late 2003 and limited job gains as the economy strengthens.

Congress Greenspan

Gambling expansion faces many hurdles in Iowa Legislature

Lawmakers weigh lifting the Racing and Gaming Commission moratorium on new licenses and possibly capping licenses. Estimates suggest up to 10 licenses could be sold, with studies finding three or fewer new casinos viable. The Waterloo site is seen as most profitable, while the state must recoup 112 million owed to race tracks and fill a 140 million budget gap.

Racing and Gaming Commission Iowa The Commission Association of Business and Industry Waterloo Legisla Ture Iowa Supreme Court

Gold coins draw buyers valuing hard assets and history

Cedar Rapids buyers like 1-ounce Krugerrands and Saint-Gaudens pieces for security and potential gains. Experts warn gold is volatile, not a core retirement investment, and stress buying widely circulated coins, avoiding unknown dealers, and limiting gold to about 10 percent of investable funds.

Fanton Max Hagen Cedar Rapids Hagen Tom Haley Haley India S. Hagen IRS U.S

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