15 Mar 2001
Page 1
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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Mar 15, 2001
Page
1
Representatives from the Overalls All Over project visited downtown Cedar Rapids sculptures for the summer public art event. The pieces will be replicas of the farmer and daughter from Grant Wood's American Gothic.
NCAA tournament action unfolds in Uniondale New York with Iowa 22 11 taking on Creighton 24 7 in a do or die first round matchup. The brief notes also mention Oregon coach Jody Runge bringing No 13 seed Oregon to play No 4 Iowa in Salt Lake City and census data highlighting Littleport population loss after the May 17 1999 flood.
A mixed page offers 5D bridge notes 6E classified ads and 12E puzzles including Crisscross and Wuzzles. Weather brief appears on 12E with light forecasts and regional tips.
Gov. Tom Vilsack outlined nearly 300 million dollars in proposed next fiscal year spending reductions mostly through a 6 percent across the board cut. The Revenue Estimating Conference cited a sharp revenue downturn prompting potential service cuts and layoffs as state tax receipts fall faster than expected.
Management and an REC member cited a severe, sustained revenue decline forcing Gov. Vilsack to trim proposed fiscal 2002 spending by about 6 percent in most state areas. He warned of pain as Republicans kept debt options open to curb the deficit, with projections potentially reaching 342 million dollars.
Sixth District Associate Judge Stephen Gerard II admitted a personal relationship with an assistant county attorney and apologized to the Iowa Supreme Court. He did not dispute evidence and faces a 45 day unpaid suspension, with a ruling expected in one to two months.
The Dow Jones fell 317.34 to 9973.46 on March 29 1999, after masking losses earlier that day. Analysts warn of a possible recession and advise diversification and focus on quality firms with solid finances. Some investors consider tax-loss selling for 2001 but seek tax advice first.
The Senate voted 80 to 19 to end debate on Grassley’s bankruptcy bill sending it toward passage. It tightens Chapter 7 access, requires 25 percent repayment over five years via Chapter 13, mandates credit counseling, limits multiple filings, and prioritizes court-ordered payments. The measure, backed by Bush, moves to a House conference with strong payer protections and investor shield provisions.
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