Rising home prices strain buyers across the United States
Changing Times notes price appreciation may be excessive for many buyers as median existing home prices exceed 250000 in markets like San Francisco and Honolulu. The NAR affordability index plunged to 97.7 in July, signaling that typical families with median income cannot afford a median-priced loan. Builders shift from starter homes to larger, pricier houses.
MENTIONED IN THIS ARTICLE
Changing Times Magazine
United States
San Francisco
Honolulu
National Association of Realtors
NAR
USC researchers study chromophore eyedrops for sun and glare protection
USC scientists report chromophores used as eye drops could shield eyes from ultraviolet rays and glare from screens and lights. The coating lasts hours and could reach markets in about three years, per Drug Topics. A separate Gallup survey finds many adults misjudge glaucoma symptoms and treatment limits.
MENTIONED IN THIS ARTICLE
Los Angeles
University of Southern California
New York
The
National Society To Prevent
Conrail chief faces traffic slide and cost cuts
James Hagen, named Conrail chairman, presides over a slowing economy that dents freight demand. He trims costs, merges trains, reduces maintenance and cuts 450 non union jobs as Conrail nears government protection loss and awaits fourth quarter results. The carrier aims to stay independent with ongoing fleet and staff reductions while reporting a 4.8 percent third quarter profit rise.
MENTIONED IN THIS ARTICLE
Philadelphia
Conrail
James Hagen
Hagen
Mississippi River
Met-Coil earnings and sales decline in quarter
Met-Coil Systems Corp. reports lower second quarter and first half results as backlogs rise 36 percent to 13.7 million. Three month revenues fall 14 percent to 15.1 million with net income down 42 percent to 369 thousand dollars.
MENTIONED IN THIS ARTICLE
Met-Coil Systems Corp
Cedar Rapids
Martin J. Huebschman
Flexible Fabrication Systems
Huebschman
National King Day observances and key economic reports
King Day observances noted as markets open. Commerce and Labor Department reports due this week on inventories November housing starts December consumer prices real earnings and December industrial production. Fed data on December capacity utilization also awaited. Local meetings in Cedar Rapids feature several chapters with speakers and awards events including Tom Tauke and IRS topics.
MENTIONED IN THIS ARTICLE
Commerce Department
Federal Reserve
Labor Department
GM to Invest in Hungarian Auto Plant Near Austrian Border
GM announces a tentative $150 million investment with Hungary’s state chassis maker RABA to form a joint venture at Szentgotthard. GM would hold 67 percent, create about 880 jobs, and produce 200,000 engines yearly for Opel Vauxhall and Kadett cars, with 15,000 cars annually initially.
MENTIONED IN THIS ARTICLE
Detroit
General Motors Corp
U.S
Europe
R.L. Theis
General Motors Europe
RABA
Hungary
Szentgotthard
Theis
Consumer groups split over animal testing by cosmetics firms
The column notes conflicting information on animal testing in the cosmetics industry. Asa, Revlon, and Faberge announce bans or moratoriums, while Noxell and P&G reduce usage but keep options open. Estee Lauder and Cosmair cut usage yet still test. Critics target suppliers Dow, DuPont, Monsanto for continuing animal tests.
MENTIONED IN THIS ARTICLE
Avon
Maj
Rosanne Greco
N.Y. Asa
Revlon
Faberge
Mary Kay Cosmetics
Amway
Noxell
Noxzema
Cover Girl Cosmetics
Procter & Gamble
Colgate- Palmolive
Estee Lauder and
Cosmair
L'Oreal
Lancome
Dow Chemical
DuPont
Monsanto
Also Mentioned on This Page
Consumer
Tribune Media Services, Inc
Martin Luther King
By Ted Duncombe
Associated Press
Richard Sanborn
Sanborn
L. Stanley Crane
Southern Railway
CSX Transportation Inc
Richmond
Quebec
Conrail Corp
Cedar Rapids Metro
National Management Association
Collins Plaza
Sally Mathis
University of Iowa Hospitals
Eastern Iowa Personnel Association
Stouffer
Five Seasons Hotel
Tom Tauke
Eastern
Iowa
National Contract Management Association
A.m
Longbranch
Senate
A.N. Palmer
Professional Secretaries International
CityCenter
Julie Hewitt
IRS
National Agri-Marketing Association
Davenport
Spike O'Dell
Max Armstrong
WGN Chicago
Sonja Heinze
King Features Syndicate
Gazette
Clete
the Gazette
3Rd Ave
Jay
Unucy
Norwest
Norwest Banks
Foicecar Rapids
Third Avenue
S.W
First Avenue
N.E
33Rd Avenue
Edgewood Road
Pearl Street
Shellsburg
West Wood Street
Urbana
Norwest Bank
N.A
FDIC
Equal Opportunity
7Th Avenue
Marion
Main Street
Newhall
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