Belt Investors Lose Faith Amid Stock Market Tumble
Wall Street markets fell as Belt Investors dumped shares amid a broad downturn. Mind & Body details 8B Sunshine hazards. Special section from Chicago reports Bruce Kimm’s home debut as Cubs manager.
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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jul 13, 2002
Page
1
Wall Street markets fell as Belt Investors dumped shares amid a broad downturn. Mind & Body details 8B Sunshine hazards. Special section from Chicago reports Bruce Kimm’s home debut as Cubs manager.
The Czech background in Cedar Rapids wanes as residents decline, yet the Czech School summer language program persists in serving the community.
A compact slate highlights Accent notes and 1D and 3D classifieds with EF Comics and 4B Editorial. Farm and Money sections share insights while Vue 4F Legals and 13F Money appear alongside On Movies.
The Iowa Department of Human Services will cut 53 jobs as part of spending reductions. Hundreds of positions will be left vacant and non essential services trimmed. Jessie Rasmussen said the cuts come as DHS starts fiscal 2003 with $44 million less in state funding and federal money losses. Layoffs are expected to finish by summer's end.
The plan would eliminate 40 positions at Independence and three other locations and cut 13 at juvenile homes in Toledo and Eldora. Dr Bhasker Cave notes reduced beds and services with waiting lists, as Independence trims adult psychiatry from 50 to 45 and child adolescent from 30 to 25, amid a 2003 budget of 16.376 million down from 17.511 million.
Luke Helder, 21, accused of mailbox bombings in five states, remains in Linn County Jail as federal case moves. His September 16 Cedar Rapids trial likely will be delayed after defense request to Judge Mark Bennett.
Patt Mulligan of Cedar Rapids emerges from behind corn at the El Kahir Corn Maze three miles west on Highway 94. She completed the maze in about 50 minutes with no time limit, part of Shriners annual effort now in its fourth year.
University Hospitals will suspend contingent payments to about 500 University of Iowa Carver College of Medicine faculty due to thin profits. In November the program paid 492 physicians a total of 4.6 million dollars with averages around 9 329 dollars, but the hospital’s 1.5 percent margin as of March 31 plus an expected 2 percent budget result triggers the halt.
Eastern Iowa residents will see more than 500 baton twirlers and their parents and coaches converge on Cedar Rapids this coming week. The sport blends rhythmic gymnastics ballet and ice skating with batons and is expanding nationally and internationally. Barbara Dockter from the U S Twirling Association urges people to attend to appreciate the act.
The U S Twirling Association national championships unfold at the U S Cellular Center Cedar Rapids Monday through Thursday with pretrials today and Sunday The event aims to boost local business revenue near 500000 and includes a Festival for the Future for beginning twirlers Friday and Saturday Dockter notes hopes to push baton twirling toward NCAA recognition as a collegiate sport with scholarships.
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