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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Feb 20, 2008
Page
15
Stocks closed mixed after oil prices rose above 100 dollars per barrel. Investors feared inflation would slow the economy and prompt the Fed to adjust its rate-cut stance. The Dow slid to 12 337.22 while the S&P 500 and Nasdaq fell 1 21 and 15 60 points respectively.
The Treasury auctioned 24 billion dollars of three month bills at a discount rate of 2.200 percent, 22 billion of six month bills at 2.040 percent. The Fed reported the average yield on one year bills declined to 2.04 percent from 2.08 percent the prior week.
University of Iowa Tippie College of Business students and trained volunteers will provide free tax return preparation for Johnson County residents earning under 40000 in 2007. Service runs 545 to 845 pm Wednesdays and 1 to 4 pm Sundays at the West Branch library, no appointment needed, through April 13 excluding spring break week. Call United Way at 8664692211 or visit Johnson County social services tax page for details.
A regional survey notes gas prices as of yesterday afternoon in the Corridor with prices rounded to the nearest cent. The low price recorded today in 2007 stands at 2.18 dollars per gallon.
U.S. Rep. Dave Loebsack heard about rising health insurance costs and skilled worker shortages in listening sessions with Iowa small business owners. Business owners cited 25 percent premium increases and unaffordable deductibles, plus hiring and retirement age concerns at rural centers and local firms.
Iowa’s exports rose 14.3 percent to a record 9.6 billion dollars in 2007 driven by machinery and vehicles. Rockwell Collins and Deere & Co. highlighted global demand as drones, avionics and farm equipment expand overseas.
Pearson finalizes Harcourt Assessment acquisition with DOJ clearance and a plan to integrate operations in Iowa City and other centers. The deal enlarges Pearson's Assessment & Information Group, adds testing contracts across states, and may relocate some San Antonio staff to Iowa City while keeping most 950 Texas workers.
The article explains how grace periods on credit cards vary and can shrink, advising readers to check each card’s policy and pay balances in full when possible. It also notes state 529 plans in North Carolina, Illinois, and Ohio as cost-effective options, and cites a JD Power survey on extended car loan terms.
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