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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jan 01, 1983
Page
21
New York experts urge a yearly personal financial review to tally income and outgo, prepare a balance sheet, update wills and records, and assess insurance needs in light of 1981 tax changes and 1983 casualty loss rules.
Government analysts forecast a mild 1983 upturn led by high tech with new growth records. Auto and steel are expected to improve modestly, with 9.2 million cars sold and about 25 percent higher steel shipments, while exports may slow.
New York markets closed 1982 with mixed, slow holiday trade. The Dow fell 0.83 to 1046.54 but posted the highest year end close on record, up 171.54 for the year and 19.6 percent from the August low, as volume set a yearly high.
Iowa increases minimum liability for autos effective today from 15 30 10 thousand to 20 40 15 thousand under a 1980 law staged increases. If uninsured in an accident a bond may be posted based on damages and injuries.
George Gebran regains ownership and operation of the Butterfly Café at 306 Third Ave SE after buying back from Benny and Shirley Mudd. The cafe will reopen Monday to Saturday 7 am to 7 pm offering breakfast lunch sandwiches and dinner with remodeling completed. Gebran previously ran the Butterfly for six years and has hosted free Thanksgiving dinners for seniors in past years. He had briefly operated the Cedar House restaurant at the former Bishop Cafeteria site before closing in December 1981.
A Meridian Man agement Ltd name change to Midland Management is effective today. The firm, part of the Midland Financial Group, operates offices at 2750 First Ave NE and manages residential and commercial real estate.
Cedar Rapids based Toy Fair chain sold by Harry Berckes to Kay-Bee Toys of Lee Massachusetts effective today. Berckes plans consulting work after 35 years in retail and says Kay-Bee will remodel each store and double the selection. all current Toy Fair staff to stay.
General Motors will offer 11.9 percent financing on all new 1982 and 1983 Chevrolet, Pontiac, Oldsmobile, Buick and Cadillac cars and Chevrolet GMC trucks from today through March 31. The offer covers 1983 models on order now or ordered by Feb. 28 for future delivery. Ford plans a counteroffer. Chrysler did not comment.
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