Cedar Rapids residents may get tax break
Cedar Rapids taxpayers could see lighter or delayed tax increases as 1976 valuations rise about nine percent to 1.45 billion. Most of the gain stems from machinery and equipment counted as real estate, possibly shifting more burden to commercial properties and easing homeowners' bills despite state spending limits.
MENTIONED IN THIS ARTICLE
Linn
Merle Kopel
Cedar Rapids
Kopel
Dale Piersall
Piersall
State Director of Revenue
Jail Holdup Suspect Nabbed After Dows Manit Dairy Farm Robbery
Police continued search Thursday for a young woman taken hostage during an armed robbery at the Dows Manit Dairy Farm store on Third avenue SE. The suspect, Walter C Reichardt, 15, was arrested nearby and charged with robbery with aggravation. Donna Daniel, 22, the night manager, described the hold up and the kidnapper’s demands as he restrained her with a headlock and ordered cash in a bag while threatening the hostage.
MENTIONED IN THIS ARTICLE
Dows Manit
Third Avenue SE
Walter C. Reichardt
First Avenue
Fourteenth Street SE
Donna Daniel
Robbery at Store as Knife-Wielding Bandit Mists With Cash
A man with a switch blade robbed a store pulling about $100 from the drawer after a silent alarm tripped. The hostage, a girl identified as a regular customer, was unnamed by police. The suspect was arrested minutes later. staff praised the police response.
MENTIONED IN THIS ARTICLE
Daniel
Carter aides eying 15 billion stimulus ceiling
President-elect Jimmy Carter and his economic team discussed limiting stimulus to about 15 billion dollars with potential tax cuts up to 10 billion as part of a broad package. Budget chief nominee Bert Lance urged restraint on deficits, citing mixed economic signals.
MENTIONED IN THIS ARTICLE
Jimmy Carter
Thomas
Bert” Lance
Carter
Office of Management and Budget
Lance
Plains
Stuart Eizenstat
Eizenstat
Congress
Ford
Sidney Harman
Fidelity
Harman
Harman International Industries, Inc
Harman-Kardon, Inc
Commerce Department
Carter Wins Presidency and Mondale Vies for VP
The electoral college confirmed Carter with 297 votes and Mondale as VP after Rockefeller announced results to Congress. Also reported are Lynch and Byrne sentenced for extortion in a Seagram heir kidnapping hoax, and OPEC price increases cited as an $11 billion tax.
MENTIONED IN THIS ARTICLE
Washington
Organization of Petroleum Exporting Countries
William Proxmire
90 Percent Chance Tanker Grand Zenith Sunk, Coast Guard Says
The coast guard reports a 90 percent probability the Panamanian tanker Grand Zenith with 38 crew and eight million gallons aboard sank after last contact 60 miles south of Yarmouth Nova Scotia. Survivors depend on raft covers and cold sea conditions as seven planes and a cutter search the area.
MENTIONED IN THIS ARTICLE
Boston
Coast Guard
Bernard Hoyland
Yarmouth
Nova Scotia
Hoyland
United States
Canada
Man's embezzlement by agent charge reinstated in Linn County
William Lyness and his attorney won a court ruling reinstating the embezzlement by agent charge in Linn district court. The case, previously dismissed December 29 on motion by the county attorney, parallels a federal trial upcoming Monday in Cedar Rapids. The defense sought discovery and had arranged hearings with FBI agents, but the county attorney cancelled the hearing and did not provide other arranged information.
MENTIONED IN THIS ARTICLE
William Lyness
Lyness
Linn District Court
U.S
FBI
Fool for A Client Fool for A Client
Marshall Cummings 25 acted as his own attorney in a Tulsa court and cross examined the purse snatching victim asking if she got a good look at his face. The jury convicted him of attempted robbery by force and sentenced him to 10 years in prison.
MENTIONED IN THIS ARTICLE
Tulsa
Okla
Marshall Cummings
Cummings
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