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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jan 01, 1992
Page
9
Mortgage experts discuss switching from 10.5 percent 30 year loans to 8.5 percent with monthly savings cited from $75 to $250. Many opt for 15 year loans at 8 percent though payments can rise. fees of $900 to $1,000 plus 1 percent may be covered by equity, and experts note uncertainty about future rates.
Small businesses in Eastern Iowa fear higher wage costs as the state raises the minimum from 4.25 to 4.65 an hour. Officials warn hours and hiring may dip, especially for teens, while some firms like Martelle General Store and Dave's Super Valu in Wheatland anticipate higher payrolls and tighter profits. Local officials note rural areas and government costs could feel the impact.
Ciba-Geigy Agricultural Division honors O'Grady Chemical Van Horne for meeting high environmental standards. The sponsor highlights a site improvement program to defray upgrade costs. For over 30 years Ciba-Geigy has assisted farmers in protecting crops from weeds diseases and insects.
Seventeen militants backed by 14 men and three women surrendered to Haitian authorities at the Canadian Embassy in Port au Prince after six weeks of siege. The group, led by Patrick Moise, demanded asylum but will face military police and likely humane treatment and a fair trial.
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