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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Feb 17, 2009
Page
13
Congress approved a new subsidy in the stimulus package to reduce health insurance costs for workers who lose jobs. The government will cover 65 percent of COBRA premiums for nine months for those laid off from Sept 1 to year end. In Iowa, IPSCO plant plans to lay off 75 of 225 workers, hoping to recall when demand rebounds.
The FCC offers digital transition assistance this week in Cedar Rapids and Waterloo. Five stations KFXA KFXB KGAN KWKB and KWWL will switch to digital only. Cedar Rapids center operates 2 to 8 p.m. Thursday at Lindale Mall food court. Waterloo center runs 2 to 8 p.m. Friday at Crossroads Mall near JC Penney.
Nearly 2,000 Census Bureau field representatives started interviewing about 100,000 households for the annual social and economic supplement. Households will receive an informational letter from the director. some interviews are by telephone, others in person. Officials will carry identification.
Honda Motor Co reports demand for the Insight hybrid in Japan is soaring with orders surpassing 5,000 in just over a week. The affordable gas electric model, priced from $21,000, went on sale nationwide February six and quickly beat the monthly target of 5,000.
Iowa officials propose about 40 air quality permits for Interstate Power and Light Sutherland Unit 4 a 649 megawatt coal plant using high temp super critical technology plus up to 10 percent biomass. Opponents challenge emissions data PM2.5 and greenhouse gas regulation while public comment hearings are set for March 16 and 17 in Marshalltown and Meskwaki Tribal Center with a possible 90 day extension.
Kraft Foods drops Handi Snacks pudding from retail lines while expanding Jell O flavors. Sara Lee and Heinz cut SKUs to focus on top brands, aiming to preserve margins as shoppers trade down. Analysts say shelves may have fewer choices, but strong brands endure.
Magid Associates plans to cut 78 Marion positions by June due to a new data collection center in Minneapolis. The job losses include 61 part time and 17 full time roles in telephone interviewing as the firm opens an international data control center. The company will help affected workers with outplacement and notes Marion will retain about 250 staff for training facilities and other services.
Public input on an air permit will be taken March 16 from 2 30 to 5 p m and 6 30 to 9 p m at Whitehill Chapel Marshalltown and March 17 from 3 to 6 p m and to 9 p m at the Meskwaki Tribal Center Tama. Written comments must be submitted to be included in the public record by 4 30 p m March 20 to Christopher A Roling at Iowa DNR Urbandale.
Economists Kenneth Rogoff and Carmen Reinhart say financial crises cause housing to fall about 35 percent and stock markets to drop roughly 56 percent, with recoveries averaging six years for housing and 3.4 years for stocks. They caution relief could be distant without swift action to stabilize big banks.
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