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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jan 06, 2007
Page
19
Wall Street and the Treasury market closed the week with sharp losses after a Labor Department report showed U.S. payrolls rose by 167,000 in December and wages accelerated. The Dow fell 82.68 to 12,398.01 and the Nasdaq declined 19.18 to 2,434.25 as decliners outpaced advancers about 3 to 1 on the NYSE.
Employers added jobs in December and workers' pay rose, capping a year with an unemployment rate averaging 4.6 percent. The Labor Department data indicate firms held up despite a real estate slowdown, with the rate hovering at 4.5 percent.
About 220 meat processing workers detained in immigration raids face criminal charges including identity theft. Federal officials said 65 of 1,282 Swift & Co employees had been charged criminally. all 1,282 faces immigration charges, which are administrative rather than criminal.
The FCC refused all requests from cell phone companies for more time to meet the 95 percent location capable handsets rule by December 31 2005. U S Cellular Corp Nextel Partners Alltel and Sprint Nextel were referred to enforcement action for lacking compliant plans and may face fines.
Terra Energies LLC plans a 190 million dollar 100 million gallon ethanol plant beside the Iowa Renewable Biodiesel facility near Washington. The project would use corn or biomass, with an equity drive to begin within 60 days and a yearly feedstock of about 39 million bushels.
A consortium of Cedar Rapids Area CVB Iowa City Coralville CVB and Amana Colonies CVBs will remodel The Eastern Iowa Airport information desk after the holiday season. The plan adds a coffee shop and interactive plasma displays to showcase regional arts and culture to over one million annual travelers, with potential satellite space on Concourse C.
Readers learn to judge planners by three factors credentials ethics and business practices. Verify credentials such as CFP for planners or RIAs and LARs for advisers and confirm compliance via CRD numbers and NASD records. Prefer fee based advisers who disclose compensation and meet frequency and attendance expectations.
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