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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jul 12, 1966
Page
14
Sylvia Porter explains that rising interest rates, driven by policy to curb other prices, push up the cost of living. She notes widespread borrowing costs climbing, with banks rationing funds and many loans carrying higher effective rates, fueling price index gains.
Linn County Industries seeks about 12 000 square feet of space to start a sheltered workshop in Cedar Rapids with 12 to 40 handicapped workers, funded by UCS and LEAP. The program aims to contract with local plants for light assembly work and become self supporting by year end.
The South hand shown yesterday and today featured in a duplicate bridge game. South defended two spades after North rebid one no trump, went down in two spades. South players praised for partner choice. several North players treated two spade as sign off and passed. West reopened with one heart at five tables where South passed. No one bid beyond.
The article explains how restricting credit makes borrowing harder, slowing project financing and reducing material and manpower demand. This eases pressure on scarce resources, lowers price and wage inflation, and may curb overall inflation as the economy cools. It notes uncertainty about when the Federal Reserve will stop tightening.
Soprano Susan B. Huetteman will guest soloist for Cedar Rapids Municipal Band concerts at Noelridge and Ellis parks. A New England Conservatory graduate, she studied voice and opera, teaches voice and piano in Cedar Rapids, and has appeared across the East Coast and Midwest. Selections include Puccini arias from La Boheme and Madame Butterfly, You'll Never Walk Alone from Carousel, and other works by Rodgers Hammerstein Rachmaninoff Moehlmann and Bach.
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