25 Feb 2009
Page 1
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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Feb 25, 2009
Page
1
President Obama pledged to lead the nation from its economic crisis toward a brighter future in a joint session speech. He urged national unity and responsibility, saying the United States will rebuild and emerge stronger, as cheers greeted his entrance to Congress.
The Conference Board reports its Consumer Confidence Index fell sharply from January to February to 25, down from a revised 37.4. The piece links the weak outlook to rising unemployment and faltering home sales, framing it amid broader economic rescue efforts and policy debate.
Administration officials say President Obama aims to withdraw all combat troops from Iraq by August 2010 leaving 30 000 to 50 000 advisers and trainers plus intelligence and drone assets. Complete pullout set for December 2011 under a bilateral timetable with Iraq. A White House official cautioned a final decision is not imminent.
The Iowa City Council votes unanimously to place a 1 percent local option sales tax on the May 5 ballot. If approved, the measure runs five years starting July 1 and could raise up to 9 million dollars annually for flood recovery and related projects including Dubuque Street, the Park Road bridge, and the North Wastewater Treatment Plant relocation. Mayor Regenia Bailey touts funding as a step forward. critics urge voter caution while noting other communities’ support.
Cedar Rapids' Convention and Visitors Bureau sent two contrasting portrayals of flood impact. Executive director Tim Boyle explains one view cites extraordinary devastation while another says most of the city and visit sites were unaffected, leading to mixed messaging since last summer's Cedar River flood.
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