High tax bills, Cedar Rapids casino vote loom in Iowa week
In business wrap, Tax Policy Center says high income tax bills are at peak since 1979. Linn County voters approve casino gambling 61 to 39, with backers seeking an $85 million Cedar Rapids casino license to rise across the river. Principal Global Investors to buy majority in Liongate Capital. Sycamore Mall loses Wi Fi due to new financing. Kohl’s opens in Cedar Rapids at Wiley Boulevard. FAA furloughs may close Dubuque, Sioux City, Waterloo towers as sequester cuts take effect. Time Warner to spin off magazines amid tango with Meredith. Gazette Associated Press Bloomberg.
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Manufacturing wages top other industries in new findings
Commerce Department economists show a 17 percent advantage for manufacturing workers when wages and benefits are compared across similar skill levels. Although hourly pay lags the private sector in January, factory jobs offer higher total compensation due to richer medical and retirement benefits.
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