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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jul 21, 2002
Page
31
The Gazette solicits readers who have taken early retirement or reconsidered plans due to sharp recent investment losses. Share experiences and general financial details by calling George Ford at 319 398 8366 or Dave DeWitte at 319 398 8317.
A survey of 591 US small and home based businesses finds 67 percent fear land line disruption more than wireless loss while 17 percent worry about spotty cell service. Email outages and crashed websites rank third and fourth in perceived disasters.
A Tec International survey of about 800 American small to mid sized firms finds just under 75 percent hold CEOs directly responsible for Enron Adelphia and WorldCom scandals. Sixty nine percent blame CEOs not CFOs or auditors while 82 percent see a few visible chief executives as the cause not a systemic problem.
The New Pioneer Co op on Van Buren Street faces a cash crunch with debts of 2.55 million and 451000 in Coralville inventory. Management proposes higher member fees and a revised budget to fund renovations and return to profitability, backed by plans unveiled May 24.
The New Pioneer Co-op operates 9,500 square feet in Coralville and 4,300 square feet more than its Iowa City location at 22 S. Van Buren. Three members pay a $60 share with no annual fees. members shop at shelf prices while non members pay a 5 percent surcharge. Founded in 1970 as a natural foods buying club, it moved to Iowa City in the late 1970s and occupied the building fully by 1986 after an attempted Cedar Rapids expansion. The Bakehouse opened in 1995 in Coralville and later moved to the current Coralville building.
The 16 year old Mary-Kate and Ashley Olsen, founders of Dualstar Entertainment, aim to reach $1 billion in sales this year as they launch a teen apparel line with Wal-Mart. They plan further growth overseas in France Germany Mexico and Japan and expand into women infants and boys clothing.
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