Banking 'surprise' rumors swirl around 1992 election
Washington observers including lawmakers, economists and activists discuss a potential December banking crisis. critics accuse regulators of underreporting bank losses while FDIC estimates appear overstated. Bank failures rise as 1,051 banks hold $607.4 billion in assets, up 51 percent from last year.
MENTIONED IN THIS ARTICLE
Washington
Edward Kane
Boston College
House Banking Committee
Bank Insurance Fund
FSLIC
S&l Insurance Fund
S&l
Bush
James Baker
National Press Club
S&ls
William Taylor
Federal Deposit Insurance Corp
FDIC
Waldman
New Republic Magazine
Norwest Card Services cuts rates again for 2.1 million customers
Norwest Card Services reduced standard Visa and MasterCard rates to 15 and 13.4 percent respectively effective immediately, reflecting lower credit-market rates. This follows a June 1 drop and compares with Hawkeye Bancorp's 13.9 percent for cardholders.
MENTIONED IN THIS ARTICLE
West Des Moines
Norwest Corp
Norwest Card Services
Minneapolis
Norwest Visa
MasterCard
Hawkeye Bancorp
Midwest farmers rally for ethanol in Illinois appeal
About 2,000 farmers from Illinois and neighboring states gathered in Peoria to urge EPA recognition of ethanol as an eco friendly fuel. Leaders including Bob Dole and Jim Edgar criticized EPA rules, while President Bush expressed support. Comment deadline set for Thursday with a final ruling months away.
MENTIONED IN THIS ARTICLE
Peoria
Ill
Midwest
U.S. Environmental Protection Agency
Illinois
Indiana
Iowa
Missouri
Kansas
Senate
Bob Dole
Archer Daniels Midland Co
ADM
U.S
Dole
Middle East
EPA
Chicago
New York
Los Angeles
Houston
Philadelphia
Baltimore
Milwaukee
San Diego
Hartford
Conn
Jim Edgar
Congress
Edgar
America
House
Bob Michel
Bush
Munich
Mike Hoeft
Delavan
Rain Fails to Slow Crop Deterioration in Iowa Report
The weekly crop report shows crops continue to deteriorate despite last week’s 0.93 inch statewide rainfall. Corn is 7 percent excellent and 42 percent good with 14 percent poor, while soybeans are 3 percent excellent and 47 percent good with 6 percent poor. Topsoil and subsoil moisture remain stressed amid ongoing dry conditions.
MENTIONED IN THIS ARTICLE
Des Moines
Market ends session with modest gain on Fed rate cut
The Dow rose 8.91 to 3339.20 as buyers pushed stocks higher despite early hesitancy. Volume reached about 186.41 million shares with 16 of 32 Eastern Iowa issues advancing, led by Philip Morris Coca Cola Merck and Glaxo while United Technologies retreated.
MENTIONED IN THIS ARTICLE
Associated Press and Gazette
New York Stock Exchange
Iowa
Eastman Kodak
General Mills
Gillette
Procter & Gamble
Wal- Mart
United Technologies
Federal Reserve
Fed
Robert Brusca
Nikko Securities International
New York
Philip Morris
Coca-Cola
Merck
Chrysler
General Motors
Ford Motor
Tiphook PLC
FileNet Corp
Quarterdeck
FedFirst
Southern National
Also Mentioned on This Page
George Bush
Senate Banking Committee
Donald Riegle Jr
D-Mich
Kane
Michael Waldman
Public Citizen
Congress Watch
Norwest
Dallas
American
United
Joe Hopkins
Navy
Rockwell
Rockwell International
Cedar Rapids
Charles Grassley
the Gazette
Army
Census Bureau
Treasury
Treasury Department
Chicago Board of Trade
Home Town Restyling Inc
Center Point Rd
Harry
Ross Perot
Cricket Electronic
United States
Midwest Farmers Rally For Ethanol
Glaxo Holdings
Matt
Waterloo
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