Chase Manhattan Leads Way as Prime Rate Hits 17 Percent
Chase Manhattan Bank announced a half point rise to a record 17 percent prime rate, the first to breach 17 percent as Fed credit tightening loomed. Other top banks followed, including First National Bank of Chicago and Bank of America, with Treasuries also climbing. The move signals higher borrowing costs for big borrowers and a ripple effect through consumer loans.
MENTIONED IN THIS ARTICLE
New York
UPI
Chase Manhattan Bank
Chase
Federal Reserve
Bank of America
Morgan Guaranty Trust
Chemical
Continental Illinois
Bankers Trust
Security Pacific
Snow Warning for Eastern Iowa Heavy Snow Forecast
The National Weather Service issued a heavy snow warning for eastern Iowa with more than four inches expected this afternoon and evening. Snow covered much of the state with 1 to 2 inches by noon in areas from Council Bluffs to Des Moines and Waterloo. Brisk winds created blowing and drifting snow, reducing visibility and making roads dangerous. The storm system was moving northeast from Kansas, bringing cold temperatures and strong winds, and travelers were urged to check forecasts and road conditions and be prepared in case of stranding.
MENTIONED IN THIS ARTICLE
National Weather Service
Iowa
Council Bluffs
Des Moines
Waterloo
Kansas
Weather Service
Far Replacements and Local Initiatives Highlight Page News
Half of Pepsi-Cola sugar to be replaced with fructose may aid Cedar Rapids industry. Savings and loan groups push Iowa Legislature to loosen usury laws. Farmland tax formula under House scrutiny as inequitable. Washington Warriors Regis Royals and Kennedy Cougars shine in boys district basketball. Perry Langhurst vows to stay in business despite AMC tensions. Grant Wood Area Education Agency debates dental program cuts and staff losses. Cedar Rapids sheriff and other Iowa lawmen oppose strip search bill.
MENTIONED IN THIS ARTICLE
Pepsi-Cola
Cedar Rapids Industries
Washington Warriors
Regis Royals
Kennedy Cougars
Grant Wood Area Education Agency
Grant Wood
Robert M.L. Johnson
Cedar Rapids
Linn
Orlie Workman
Des Moines
Iowa
Index Today's Chuckle The Bald Benefit Of Hearing Snow
A light quip notes the humorous perk of baldness being the ability to hear snowflakes fall. It reflects a witty, playful tone about everyday observations. The copyright notice appears at end.
Militants bar UN visit to hostages in Tehran showdown
The U S Embassy hostages in Tehran marked five months in captivity as militants refused a UN investigative visit until the panel reports on Iran and the Shah. The plan hinges on UN findings and a three stage access, with a full hostage meeting conditional on the world body’s stance. Iran insists on questioning Victor Tomseth by revolutionary courts amid the diplomatic tangle.
MENTIONED IN THIS ARTICLE
Associated Press
U.S
Tehran
U.N
America
Abolhassan Bani Sadr
Ister Sadegh Ghotbzadeh
Victor Tomseth
Foreign Ministry
Revolutionary Courts
United Nations
Iran
Mohammad Reza Pahlavi
Gazette wins award for design in Inland contest
The Cedar Rapids Gazette earned third place in the large newspaper division of the 1979 Inland Daily Press Association makeup and design contest for daily circulations of 50 000 or more. The Wisconsin State Journal and Chicago Tribune took the top spots with honorable mentions for the Sun Times and Detroit News.
MENTIONED IN THIS ARTICLE
Cedar Rapids Gazette
Inland Daily Press Association
The
Gazette
Wisconsin State Journal
Madison
Chicago Tribune
Sun-Times of
Chicago
Detroit News
Detroit
Mich
Iowa
Inland
Medill School of Journalism
Northwestern University
Evanston, Ill
Jack Scissors
Mugabe wins Rhodesia landslide to form first Zimbabwe government
In Salisbury, Lord Soames urged Mugabe to form a stable government after Mugabe’s ZANU PF won 57 of 80 black seats and 63 percent of votes. Nkomo eyed coalition, Muzorewa's party faltered as whites reacted with shock. Mugabe pledged unity and invited rivals into administration.
MENTIONED IN THIS ARTICLE
Salisbury
Rhodesia
Britain
Lord Soames
Rodbert Mugabe
Mugabe
Soames
Zimbabwe
Joshua Nkomo
Ian Smith
Nkomo
Smith
Eric Pope-Simmonds
Zim
Babwe African National Union
Patriotic Front
Abel Muzorewa
United African National Council
Also Mentioned on This Page
Aily
Manhattan
First National Bank of Chicago
U.S. Treasury
Govern
Treasury
Statehouse
Savings and Loan Associations
Marion
Perry Langhurst
AMC
Linn County
Abby
U.S. A
Bill O'Malley
Kevin Gallagher
Cottage Grove and
Forest Drive
Rhodesian Front
Peter Walls
Robert Mugabe
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!