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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jan 26, 2008
Page
16
Wall Street closed lower after a volatile week with declines across the Dow Jones, S&P 500 and Nasdaq. The Dow fell 171.44 points to 12,207.17, the S&P 500 dropped 21.46 to 1,330.61, and the Nasdaq declined 34.72 to 2,326.20 as investors pulled back.
A coalition of researchers regulators and producers in Iowa studied 18 months to boost small meat processing plants. Once over 550 in 1965, fewer than 200 Iowa operations remain as organics and natural meats gain access.
McKesson Corp plans to eliminate 79 positions at its Dubuque operation over nine to 18 months. The San Francisco company will offer out placement and severance to staff not reassigned and intends to sell the Dubuque facility and lease another building by spring 2009 for more space.
Crude oil futures rose above 90 a barrel as markets absorbed optimism over Fed and Congress actions to bolster the economy. Light sweet crude for March delivery settled at 90.71 on the NYMEX, up 1.30. Investors foresee demand not slowing as much as feared.
A random survey of gas prices in the Corridor shows stations listing prices as of yesterday afternoon. Prices are rounded up to the nearest cent, giving a snapshot of regional fuel costs and variations among outlets.
At Davos Iraqi Oil Minister Hussein al Shahristani says output could reach 6 to 8 million barrels per day in 10 to 12 years with growth from undeveloped green fields. Majors worldwide, including Russians, seek a toehold as Iraq attracts cautious optimism amid rising demand and regional tensions.
Business owners across Iowa City Coralville blame high commercial property taxes for lost opportunities and stalled growth. They cite 100 percent assessed value for businesses vs 45 percent for homeowners and seek reform. Health insurance costs add to strain, with industry groups backing tax credits and safer pricing while resisting mandatory coverage.
Reading the advice underscores that eating well costs more than expected and emphasizes practical tips to stretch meals.
A budget conscious guide notes costs of milk eggs and a McMuffin in NYC and offers storage timelines. Milk lasts about a week after sell by. meat three to five days. poultry one to two days. fish one to two days. cheese until mold. eggs five weeks. ground meat three to four months frozen. roasts and steaks up to a year. frozen chicken up to a year. pork chops four to six months. delicate fish six months, sturdier fish two to three months. frozen vegetables eight to twelve months. leftovers two to three months with proper labeling.
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