Fed rate cut eyed for Iowa economy and markets
The Federal Reserve cut the federal funds rate and discount rate, signaling more cuts ahead. Iowa’s economy, led by manufacturing and agriculture, could see shifting investments toward stocks as returns on fixed instruments fall, with real estate activity and auto sales likely to lag but consumer confidence possibly boost early.
MENTIONED IN THIS ARTICLE
Fed
Federal Reserve
Mario DeRose
Edward Jones Investments
Heating costs spook Iowa lawmakers as energy bills rise
Iowa legislators weigh delaying the 5 percent state sales tax on utilities to ease heating costs while Gov. Tom Vilsack backs extending energy efficiency charges for two more years. Iowa Utilities Board chair Allan Thoms notes natural gas deregulation and rising electric bills, and Cedar Rapids Mayor Lee Clancey points to renewable energy and efficiency programs for long term relief amid a complex policy landscape.
MENTIONED IN THIS ARTICLE
General Assembly
Allan Thoms
Iowa Utilities Board
Iowa
Tom Vilsack
Energy Task Force
Cedar Rapids
Lee Clancey
Liquor sales in Iowa hit high pace boosting state revenue
Iowa may collect about 112 million dollars from wholesale liquor sales in fiscal 2001. Last year marked the first time spirit sales exceeded 100 million. Vodka leads sales, with Black Velvet whiskey a top item in the past six months, as retailers expand selections to meet evolving tastes.
MENTIONED IN THIS ARTICLE
Jim Lundahl
Coralville
Dennis Mitcham
Barton
Captain Morgan
Princess Margaret May Have Suffered A Minor Stroke
London AP Princess Margaret the 70 year old sister of Queen Elizabeth II may have had a minor stroke. Buckingham Palace said she was not in danger and undergoing medical tests at Sandringham estate. The palace noted tests and previous stroke in 1998 and that recovery duration was undetermined.
MENTIONED IN THIS ARTICLE
Margaret
London
Elizabeth II
Buckingham Palace
Sandringham
Princess Margaret
Lems
Caribbean
Mustique
Palace
Also Mentioned on This Page
Sohn
U.S
Michael Cavitt
Cavitt
Ken Hagen
Lepic-Kroeger Realtors
Iowa City
Cavitt Asset Management
Mitchell Zale
Chicago Mercantile Exchange Inc
Jim Ripperspach
Iowa Association of Business & Industry
Clancey
Mark Dukes
Gary Fitzpatrick
Fitzpatrick’s
Melissa Larson Reyes
Kristophere’ Owens
Rod Boshart
Earl of Snowdon
Viscount Linley
Sarah Chatto
Senseon
Powerscour
Anyware
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